Mufin Has Disbursed Highest Loans in Uttar Pradesh: Pankaj Gupta, Mufin Green Finance Updated On Mon, May 15th, 2023 by Saurenergy Mufin Green Finance, which claims to be India’s first listed NBFC dedicated to green financing, began its journey in 2016 with E-rickshaws way back. The firm claims a market share of 5% in e-rickshaw financing and says it has been able to keep the NPAs as low as 1.92%. With a portfolio dominated by borrowers […] Read more
MNRE Orders 80% Reduction In Application Fees Under ALMM Updated On Sat, May 13th, 2023 by Saurenergy In its latest notification, the Ministry of New and Renewable Energy (MNRE) ordered a sharp reduction of up to 80 percent in application fees under the Approved List of Models and Manufacturers (ALMM) scheme. The order, however, did not give any relaxation to companies having manufacturing facilities in non-SAARC countries in inspection fees. A media […] Read more
NITI Aayog To Fix Electrification Targets For App-Based Vehicles Updated On Fri, May 12th, 2023 by Saurenergy Indian government’s think-tank NITI Aayog might soon introduce yearly electrification targets for mobile application-based vehicle service providers like Ola, Uber, and others, reports suggest. The move is aimed at speeding up the electrification of new fleets of vehicles by these players. According to the report, which is yet to be published, the Aayog has decided […] Read more
Savannah Energy To Build 200 MW Solar Power Projects in Niger Updated On Fri, May 12th, 2023 by Saurenergy A move that is expected to speed up the expansion of renewable energy in Niger, Savannah Energy PLC, a British independent energy company, signed a Memorandum of Agreement (MoU) with the Niger government for the development of two solar power plants. The cumulative capacity of these two projects stands at 200 Megawatt (MW). Savannah Energy Niger […] Read more
Indian EV Sector Registered 170% Growth In FY23: CEEW-CEF Report Updated On Thu, May 11th, 2023 by Saurenergy A latest analysis report by the Council on Energy, Environment and Water’s Centre for Energy Finance (CEEW-CEF) claimed that sales of Electric Vehicles (EVs) in India grew exponentially in FY23. It claimed that the Indian EV sector witnessed a growth of 170 percent (compared to FY22). It also crossed the one million mark during the […] Read more
RERC Draft Regulation Proposes New Norms For Green Energy Tariff Updated On Thu, May 11th, 2023 by Saurenergy The Rajasthan Electricity Regulatory Commission (RERC) has proposed new regulations for power consumers who want to use green energy for their power needs. It comes after the Union government amended the Green Energy Open Access Rules last year. The move allowed the Open Access services to even smaller energy consumers with demands up to 100 Kilowatt (kW). In the […] Read more
Solis Launches New Advanced Power Hybrid Inverter ‘S6’ Updated On Thu, May 11th, 2023 by Saurenergy Chinese solar and energy storage solutions major Solis recently launched its latest advanced power hybrid inverter, ‘S6’. The company said that these inverters could work well with both lead acid batteries and lithium-ion batteries. Solis said that the S6 inverters allow automatic switching of UPS and up to 10 seconds of 200 percent surge of […] Read more
Demand For Solar Trackers In Indian RE Market Rising: Chintan Patel, Sunchaser Updated On Wed, May 10th, 2023 by Saurenergy Sunchaser is a Gujarat-based single-axis solar tracker manufacturer. These mounted structures help the solar panels rotate toward the sun’s direction to maximize energy generation. The company has the experience of supplying its product in around 30 countries across the globe. Chintan Patel, Chief Technology Officer (CTO) from Sunchaser, in a short interview with Saur Energy […] Read more
Canada Marks Biggest Acquisition of Over 1000 Electric Buses in North America Updated On Wed, May 10th, 2023 by Saurenergy In a recent announcement, Canada will be making its first major acquisition of over 1,000 electric buses. This acquisition aspires to augment the network of electric public transit in Quebec’s eastern province. As per Infrastructure Canada, the governments will be making an investment exceeding C$780 million ($585 million) and more than C$1.1 billion with a […] Read more
