IEX Power Trading Update for June 2022 Updated On Tue, Jul 5th, 2022 by Saurenergy The Indian Energy Exchange achieved 8267 MU volume in June ’22 comprising 7058 MU in the conventional power market, 536 MU in the Green Power Market, and 673 MU (6.73 lac Certificates) in the REC Market, registering 17% YoY volume growth across all market segments. Owing to improved supply-side availability, the prices at the day […] Read more
Fluence Energy, Rich Electric To Deploy 100 MW BESS In Taiwan Updated On Tue, Jul 5th, 2022 by Saurenergy Fluence Energy has announced a strategic partnership with Rich Electric, a Taiwanese battery-based energy storage systems player, wherein the two companies will deploy a 100 MW battery-based energy storage system in Hualien to support Taipower’s automatic frequency control (AFC) services. Fluence Energy is a leading global provider of energy storage products and services, and digital […] Read more
ACME Green Hydrogen Will Invest Rs 52,474 Crore In Tamil Nadu Updated On Tue, Jul 5th, 2022 by Saurenergy ACME Green Hydrogen and Chemicals Pvt. Ltd. will be constructing a green ammonia and green hydrogen manufacturing plant in Tamil Nadu with an investment of Rs 52,474 crore. The facility is planned for the port town of Thoothukudi. The Tamil Nadu government has signed 60 MoUs with many companies at the Tamil Nadu Investors’ First […] Read more
EV Batteries in 5% GST Bracket to Support Faster Adoption Updated On Tue, Jul 5th, 2022 by Saurenergy The GST rates on lithium-ion battery packs have been reduced by the government from 18 percent to 5 per cent which is the lowest tax category. A statement by the Finance Ministry held, “Electric vehicles, whether or not fitted with a battery pack, are eligible for the concessional GST rate of 5 percent.” This was […] Read more
Dubai Setting Sights At Scoring14% Of Its Energy From Renewables By The End Of 2022 Updated On Mon, Jul 4th, 2022 by Saurenergy Saeed Mohammed Al Tayer, Managing Director and Chief Executive Officer of Dubai Electricity and Water Authority (DEWA), has said that Dubai will increase the share of renewable energy in the energy mix of the city to 14% by the end of this year (2022). He said that the new target is aimed at increasing the […] Read more
JSW Steel Pledges Rs 10,000 cr For Renewable Energy Investments Updated On Mon, Jul 4th, 2022 by Saurenergy JSW Group Chairman Sajjan Jindal has made a strong pitch for going green in it’s 2021-22 annual report. With an aim to reduce the carbon footprint of its operations and reduce dependence on coal based power, Jindal said that the company will be investing Rs 10,000 crore to increase it’s use of renewable energy. The […] Read more
Log9 Materials Showcases It’s Full EV Range At Expo Updated On Mon, Jul 4th, 2022 by Saurenergy Bengaluru-based Electric vehicle startup Log9 Materials, with its indigenously-developed innovations/technology-based solutions for the EV, energy storage, and other allied domains (Last-Mile Delivery) is in hyper active mode. From multiple partnerships, to participating in industry expos, to even investments in other startups, the firm and its founders have been very busy lately. At a recent green […] Read more
China Underlines Renewables Dominance With Best Ever Global Inverter Rankings Updated On Mon, Jul 4th, 2022 by Saurenergy Chinese inverter manufacturers have bagged 6 out of the top 10 spots in the 2021 rankings of global inverter majors by volumes shipped. The rankings, released by IHS Markit, will have come as no surprise to observers, having seen the strong push by these players over the past few years. The only surprise is within […] Read more
2021 Best Year Ever With 21.1 GW Expansion For Offshore Wind, Says GWEC Updated On Fri, Jul 1st, 2022 by Saurenergy The latest Global Offshore Wind Report by the Global Wind Energy Council (GWEC) asserts that the offshore wind industry enjoyed its best-ever year in 2021, with 21.1 GW of new capacity connected to the grid. The launch of the report would also coincide with the United Nations Ocean Conference in Lisbon. The report stated that […] Read more
