Ola Raises Rs 400 Cr For its Electric Mobility Plan Updated On Wed, Mar 6th, 2019 by Saurenergy This was the first round of investment for Ola Electric, which reportedly is running several pilots to deploy electric vehicles and charging solutions. Ola Electric Mobility, the company backed by Indian car aggregator Ola, announced on Friday that it has successfully raised Rs. 400 crores (roughly $56.4 million) in a funding round led by several […] Read more
TERI Signs MoU With WAPCOS For Collaboration on Water, Power and Infrastructural Development Opportunities Updated On Tue, Mar 5th, 2019 by Saurenergy TERI and WAPCOS to jointly implement innovative approaches in areas of Water Resources, Power and Infrastructure sectors. The Energy and Resources Institute (TERI), India’s leading think tank and WAPCOS, a consulting organisation and public sector undertaking under the Ministry of Water Resources, River Development and Ganga Rejuvenation, have signed a MoU (Memorandum of Understanding) to […] Read more
GCF Allocates $440 Mn For 9 Climate Resilience and Low Emission Projects Updated On Tue, Mar 5th, 2019 by Saurenergy The 22nd meeting of the Green Climate Fund (GCF) recently ended with a raft of decisions to strengthen GCF for its first replenishment. The Board during the meeting approved nine new climate resilience and low emission projects totaling $ 440 million in GCF resources and took steps to strengthen operations, reinforce standards and close policy […] Read more
DEWA Issues RfQ For 900 MW Phase-V of MbRAM Solar Park Updated On Tue, Mar 5th, 2019 by Saurenergy The fifth phase of the project will use solar panels based on the IPP model and it will be commissioned in stages starting from Q2 of 2021. The Dubai Electricity and Water Authority (DEWA) has issued a Request for Qualification (RFQ) for developers to build and operate the fifth phase of the Mohammed bin Rashid […] Read more
World Bank Approves $185 Mn Fund to Help Bangladesh Expand RE Updated On Tue, Mar 5th, 2019 by Saurenergy The World Bank has approved $185 million to add up to 310 MW in renewable energy generation capacity in Bangladesh and mobilize private sector participation to meet the growing demand for electricity in the country. The ‘Scaling-up Renewable Energy Project’ will increase the installed capacity of renewables through piloting and expanding investments in key market segments. It will […] Read more
Ørsted and Northumbrian Water Sign UK’s First Offshore Wind Corporate PPA Updated On Fri, Mar 1st, 2019 by Saurenergy The Corporate PPA will deliver approximately 100GWh per year of renewable electricity from the offshore wind farm to Northumbrian Water consumption sites. Ørsted has signed a long-term agreement with the Northumbrian Water Group that will see the water company take almost a third of its renewable energy demand from Race Bank offshore wind farm. The […] Read more
EverSource Capital and NIIF to Invest $330 Mn in CDC’s Ayana Renewable Power Updated On Fri, Mar 1st, 2019 by Saurenergy This investment is a part of CDC’s commitment to invest a further $ 1.7 billion in India and neighbouring countries over the next three years. EverSource Capital (a joint venture between Everstone Capital and Lightsource BP) and the National Investment and Infrastructure Fund of India (NIIF) have announced a partnership with UK-based Finance Institution CDC […] Read more
Deloitte India Proposes Road Map for Achieving EV Ambition Updated On Fri, Mar 1st, 2019 by Saurenergy Development of a robust ecosystem key to EV adoption. Professional services firm Deloitte India has suggested a road map showcasing the ways through which the country can achieve its ambitious targets for e-mobility. India’s pledge to reduce carbon emission by 33 to 35 percent until 2030 solicits emerging automotive technologies and alternative fuel, especially in […] Read more
Dairy Industry Exemplary to Exploit Solar Process Heat Updated On Fri, Mar 1st, 2019 by Saurenergy At 176.4 million tonnes annually, India is the global milk and milk products producer. There are over 1,200 large, medium & small dairy industries. The dairy industry is dominated by the co-operative sector with 60% of the installed processing capacity in this sector. Milk processing in India constitutes around 35% of total milk production, of […] Read more
