MG Motor India Joins Attero to Recycle EV Batteries Updated On Fri, May 28th, 2021 by Saurenergy The Indian subsidiary of Chinese automotive manufacturer SAIC Motor, MG Motor India has today announced joining up with the Noida-based Attero to recycle electric vehicle (EV) batteries. Attero provides a range of recycling, refurbishing, retail, and reverse logistics solutions to help organizations minimize their electronic waste. Lithium-ion batteries used in MG Motor’s ZS EV units […] Read more
Say Goodbye To 2020’s Low Solar Bids, As Price Hikes Continue In Modules, Cells Updated On Wed, May 26th, 2021 by Saurenergy The record low prices last seen in GUVNL’s 500 MW auction, when NTPC won with a bid of Rs 1.99/ unit, may be a distant memory as solar equipment prices continue their upward march in 2021. Those low prices in the last big auction of 2020, blamed on NTPC flexing muscle and projections of a […] Read more
EV Maker Nexzu Mobility launches Roadlark Cargo for Last-mile Delivery Updated On Mon, May 24th, 2021 by Saurenergy An Indian electric vehicle maker, Nexzu Mobility has announced the launch of its electric cargo version called Roadlark, specially designed for meeting the bulk last-mile delivery needs of e-commerce businesses across India. Globally, electric mobility has taken center stage and is being implemented in several forms. Chief among them is the focus on transforming hyperlocal […] Read more
Adani Green Transfers 74% Stake of MSEL to Adani Tradecom LLP Updated On Mon, May 24th, 2021 by Saurenergy Ahmedabad-headquartered Adani Green Energy Ltd announced on Saturday that its subsidiary Adani Renewable Energy Holding Four Ltd has transferred 74 per cent shareholding of Mundra Solar Energy Ltd (MSEL) to Adani Tradecom LLP (ATLLP). It stated in a BSE filing, “7,400 equity shares are transferred to ATLLP at face value i.e. Rs 10 each, aggregating to Rs […] Read more
Magenta Closes Series A Round With new Commitments Worth $15 Mn Updated On Fri, May 21st, 2021 by Saurenergy EV charging solutions firm Magenta EV Solutions has confirmed commitment in excess of USD 15 million in Series A funding. Navi Mumbai-based, Electric Vehicle (EV) charging solutions company, Magenta EV Solutions has confirmed a commitment in excess of USD 15 million (Rs 120 crore) in Series A funding from eminent Indian-American cardiologist, philanthropist billionaire and […] Read more
About 7 GW of Unsigned PSAs Pose Risk to RE targets: CRISIL Updated On Thu, May 20th, 2021 by Saurenergy In a press release today, CRISIL Research said that delays in power supply agreements (PSAs) for about 7 GW of the bid out renewable energy projects might lead to 35 per cent shortfall in the 160 GW renewable energy capacity target set for the end of calendar year 2022. This delay may, however, not impact […] Read more
Is The SB Energy Exit A Worrying Sign For India? Updated On Thu, May 20th, 2021 by Saurenergy By Now, the news of SB Energy’s portfolio buyout by Adani Green Energy (AGEL) has been well reported. The 100% buyout of SB Energy India assets by AGEL for $3.5 billion, for a fresh 4954 MW of additions to AGEL’s total assets including project pipeline, has been cited as a possible warning sign for India’s […] Read more
Adani to Acquire SB Energy’s 5 GW Portfolio in India’s Largest Renewables M&A Deal Updated On Wed, May 19th, 2021 by Saurenergy Adani Green Energy has signed agreements for the acquisition of 100 percent interest in SB Energy India from the SoftBank & Bharti Group Adani Green Energy Limited (AGEL), has announced that it has signed the share purchase agreements for the acquisition of 100 percent interest in SB Energy India from the SoftBank Group (80 percent) […] Read more
Include Hydrogen Fuel Cell EVs in FAME-II: Delhi HC Directs DHI Updated On Wed, May 19th, 2021 by Saurenergy The Delhi High Court today ordered the Department of Heavy Industries to acknowledge including Hydrogen Fuel Cell electric vehicles (EVs) and Hydrogen refueling infrastructure under Faster Adoption and Manufacturing of Electric Vehicles in India Phase II (FAME-II) scheme. Fuel Cell India, an initiative dedicated to promoting Renewable and Hydrogen Energy & Fuel Cells in India has […] Read more
