Brookfield Looks To Partially Sell-Off 1.6-GW Renewable Portfolio Updated On Fri, Feb 2nd, 2024 by Saurenergy Canadian investment firm Brookfield Asset Management is seeking to partially capitalize on its clean energy assets. Brookfield boasts a collective capacity of approximately 1.6 GW and hold an enterprise value ranging between Rs 9,000 and 10,000 crore (equivalent to $1-1.2 billion), as per the company. To facilitate this partial monetization, investment bank JP Morgan has […] Read more
Five Trends Which Can Shape Lithium-Ion Market In 2024 Updated On Fri, Feb 2nd, 2024 by Saurenergy The lithium market is experiencing a period of transition as demand growth slows and the industry adjusts to changing dynamics, according to Wood Mackenzie’s ‘Lithium: Five things to watch in 2024’ report. It stated, “While lithium remains a crucial raw material for batteries, its growth rate is decelerating due to a maturing market, subdued electric […] Read more
Hyundai, Iveco Collaborate To Supply Electric Commercial Vehicle To Europe Updated On Thu, Feb 1st, 2024 by Saurenergy Hyundai Motor and Iveco Group recently signed a supply agreement for IVECO-badged all-electric light commercial vehicles. This agreement is undertaken to supply electric vehicle for Europe based on Hyundai’s Global e-LCV platform. Through this agreement, the new vehicle will join Iveco Group’s electric light commercial vehicle lineup, enhancing the group’s LCV portfolio alongside the IVECO […] Read more
BUDGET: EV Sector Pins Hopes On FAME-3, Tax Revisions Updated On Thu, Feb 1st, 2024 by Saurenergy With the expected culmination of the FAME-II scheme, Electric Vehicle (EV) manufacturers, battery makers and charging infrastructure developers have pinned hopes on the Union Budget 2024. The most awaited decision is on the likely announcement of the rollout of FAME-III with revised norms. The grapevine had it that the budget could turn the focus on […] Read more
BUDGET: Solar Industry Wants Funds For RTS, Lower GST On Equipment Updated On Thu, Feb 1st, 2024 by Saurenergy As Union Finance Minister Nirmala Sitharaman is all set to announce the Union Budget today in Lok Sabha, the solar industry is anticipating several announcements for the sector. Several industry experts anticipate announcements that could support the industry. However, most of the solar industry experts who spoke on the issue talked about reduced taxes for […] Read more
Servotech Bags 120 Cr Order Of 1800 DC Fast EV Chargers From BPCL Updated On Wed, Jan 31st, 2024 by Saurenergy Servotech Power Systems, an EV Charger manufacturer in India, bagged an order for 1800 DC Fast EV chargers from Bharat Petroleum Corporation Limited (BPCL). The project, valued at 120 crores, is expected to involve Servotech manufacturing, supplying, installing, and deploying these 1800 EV chargers across the nation. It particularly included Bharat Petroleum Corporation Limited (BPCL) […] Read more
DRE, Mini-Grids Can Aid In The Growth Of E-Cooking In India: CSE Report Updated On Wed, Jan 31st, 2024 by Saurenergy A latest report from the Centre For Science and Environment (CSE) recommended the phasing out of LPG cylinders, used primarily for cooking in India. The CSE researcher advocated for boosting electric cooking (e-cooking) instead. The report also talked about the main challenges in rolling out large-scale adoption of e-cooking in India and the likely solutions […] Read more
Amazon Signs Pact With ENGIE To Procure 473MW RE From Wind Farm Updated On Tue, Jan 30th, 2024 by Saurenergy Amazon signed a corporate power purchase agreement (CPPA) with ENGIE, increasing its output share from Ocean Winds’ Moray West offshore wind farm. The agreement would bring Scotland’s total renewable energy capacity operational this year to 473MW when the site becomes operational later this year. ENGIE stated, “This is enough energy to power more than 650,000 […] Read more
GE Vernova Bags 1.4-GW Australian Wind Project For Turbine Supply Updated On Tue, Jan 30th, 2024 by Saurenergy Onshore Wind business of GE Vernova has confirmed the signing of a strategic framework agreement with Australian RE player Squadron Energy for 1.4 GW of onshore wind projects in New South Wales, Australia. The construction of the Uungala Wind Farm has already begun. The agreement was received in the fourth quarter of 2023 and thereafter […] Read more
