Rhode Island plans 600-MW offshore wind procurement Updated On Fri, Mar 25th, 2022 by Saurenergy The smallest state in the United States, Rhode Island’s Governor Dan McKee has announced that legislation has been introduced which would require a market-competitive procurement of approximately 600 MW of new offshore wind capacity If enacted, the legislation would require Rhode Island’s primary utility company to issue a procurement no later than 15 August 2022. […] Read more
IRENA Members launch new cooperation on critical materials Updated On Fri, Mar 25th, 2022 by Saurenergy Members of the International Renewable Energy Agency (IRENA) have launched a new Collaborative Framework on Critical Materials for the Energy Transition, a platform provided by IRENA to exchange knowledge, best practices, and coordinate actions to ensure that the scarcity of minerals and materials does not threaten the accelerated deployment of renewable energy. At the event, […] Read more
PLI scheme to account for 13-15% capex in key industrial sectors over 3-4 years: Crisil Updated On Thu, Mar 24th, 2022 by Saurenergy Production Linked Incentive (PLI) scheme will account for 13-15 per cent of the average annual investment spending in key industrial sectors over the next three-four years, according to a report by Crisil. Since its introduction in March 2020, PLI has been announced for 15 sectors, involving government incentives to the tune of Rs 1.93 lakh […] Read more
In Conversation with Vineet Mittal, Director & Co-founder, Navitas Solar Updated On Wed, Mar 23rd, 2022 by Saurenergy Navitas Solar has been a well respected player in the solar sector with 200 MW of installed manufacturing capacity in the country. It produces state-of-the-art mono/multi crystalline solar photovoltaic (PV) modules for supply to both on-grid and off-grid residential, commercial as well as industrial establishments. The Surat-based company also provides a complete lifecycle of solar […] Read more
Tronox Announces 200 MW Solar Power Project in South Africa Updated On Wed, Mar 23rd, 2022 by Saurenergy Tronox Holdings, an integrated manufacturer of titanium dioxide pigment, has announced that it has entered into a long-term power purchase agreement (PPA) with the independent power producer, SOLA Group, to provide 200 MW of solar power to mines and smelters of Tronox in South Africa. The news comes even as closer home in India, steel […] Read more
Crayon Motors Launches Electric Scooter – Envy Updated On Wed, Mar 23rd, 2022 by Saurenergy Crayon Motors has launched its second low-speed electric scooter – Envy for the Indian markets. The scooter comes with a spacious boot space and a unique keyless start. The price of the scooter starts at Rs. 64,000 and comes in four colors: white, black, blue, and silver. The company is offering a 24-month warranty on […] Read more
“OEMs and freight transporters need stronger financial support”, Satyakam Arya, Daimler India CV’s Updated On Tue, Mar 22nd, 2022 by Saurenergy The BharatBenz brand, even as it becomes more visible on the roads in India, is also looked upto for the pedigree and technology access it has. To that extent, the company behind it, Daimler India Commercial Vehicles Pvt Limited (DICV),. faces a tough ask to lead the changes needed to clean up the commercial transportation […] Read more
Eversource Capital Is Majority Owner in Lithium Urban After Fresh Funding Round Updated On Tue, Mar 22nd, 2022 by Saurenergy EverSource Capital (EverSource), manager of India’s largest climate impact fund, announced on March 21 that it has invested in Lithium Urban Technologies Pvt Ltd. (Lithium) for a majority stake. Lithium is the largest operator of electric cars in India, providing services to 50+ clients since 2015 with a presence in 15+ cities. Eversource is a […] Read more
Strong demand prospects for RE projects in C&I segment; regulatory risks key challenge: ICRA Updated On Mon, Mar 21st, 2022 by Saurenergy Demand prospects for renewable energy (RE) capacity addition in the commercial & industrial (C&I) segment remain solid, given the improved tariff competitiveness and growing sustainability/green initiatives by C&I players to meet their energy requirements through renewables, going forward, finds ICRA. If that sounds obvious, then the agency also flags risks, that really shouldn’t be there […] Read more
