EV Startup Simple Energy in Talks to Raise Over Rs 7.5 Crore Updated On Mon, Jul 27th, 2020 by Saurenergy Bengaluru-based EV startup Simple Energy is in talks with angel investors to raise up to USD 1 million (about Rs 7.5 crore), founder Suhas Rajkumar has said Bengaluru-based electric vehicle (EV) startup Simple Energy is in talks with angel investors to raise up to USD 1 million (about Rs 7.5 crore), its founder Suhas Rajkumar […] Read more
NTPC to Acquire 1 GW Solar Projects, Planning to Invest Rs 5K Cr Updated On Sat, Jul 25th, 2020 by Saurenergy State-run power giant NTPC has issued a tender to acquire 1 GW of operational solar projects, which entails an investment of around Rs 5,000 crore. State-run power giant NTPC has issued a tender to acquire 1 GW of operational solar projects, which entails an investment of around Rs 5,000 crore. In a request for proposal (RFP), NTPC […] Read more
EV Industry a Rs 500 Billion Opportunity in India by 2025: Avendus Updated On Fri, Jul 24th, 2020 by Saurenergy In a new report by Avendus Capital, the firm predicts that the EV industry in India could represent a Rs 500 billion opportunity by 2025. In a new report by Avendus Capital, the firm predicts that with the present and projected level of EV penetration in the country, the electric vehicle (EV) industry in India […] Read more
Shell & Total Still Investing Much More in Fossil Fuels Than RE: IEEFA Updated On Fri, Jul 24th, 2020 by Saurenergy While Shell and Total are shifting towards RE technologies, around 90 percent of their capital continues to be spent on fossil fuels, finds a new report While Shell and Total are shifting towards renewable energy (RE) technologies, around 90 percent of their capital continues to be spent on fossil fuels, finds a new report from […] Read more
Discoms’ Revenues to Fall 13.1% With Decline in Power Demand: Report Updated On Fri, Jul 24th, 2020 by Saurenergy According to a new report, power demand is expected to decline by around 8% in current fiscal and is likely to result in a 13.1 percent YoY decline in revenues of Discoms. Power demand is expected to decline by around 8 percent in current fiscal due to the steep fall in demand from commercial and […] Read more
Iberdrola Improves bid for Infigen Takeover to €552.8 Million Updated On Fri, Jul 24th, 2020 by Saurenergy Iberdrola has announced that after its conditions were met by Infigen stakeholders, it has now upped its takeover bid for the firm to ~ EUR 552.8 million. Spanish energy conglomerate Iberdrola has announced that after its conditions were met by further acceptance of the takeover bid by shareholders of Australian renewable energy firm Infigen Energy, […] Read more
Kahramaa Closes Financing for World’s 2nd Cheapest Solar Power Project Updated On Fri, Jul 24th, 2020 by Saurenergy Kahramaa has announced the successful financial closure for the Siraj-1 solar power plant project, the first of its kind project in Qatar Qatar General Electricity and Water Corporation (Kahramaa) has announced the successful financial closure and completion of all needed financial arrangements with its international financiers for the Siraj-1 solar power plant project, the first […] Read more
Soon 20% of all C&I Solar Systems in India Will be Grid-Tied: Report Updated On Fri, Jul 24th, 2020 by Saurenergy Increasing electricity demand and rising grid tariffs for commercial and industrial (C&I) customers are driving business users to rooftop solar, which is not only cleaner and cheaper but also gives them tariff certainty for 25 years. In ‘Powering up Sunshine – Untapped Opportunities in India’s Rooftop Solar Market’, a new report from JMK Research & Analytics […] Read more
Record Number of Microgrids Installed in US Last Year: WoodMac Updated On Thu, Jul 23rd, 2020 by Saurenergy 546 microgrids were installed in the United States during 2019, more than any previous year, according to new research from Wood Mackenzie. 546 microgrids were installed in the United States during 2019, more than any previous year, according to new research from Wood Mackenzie. Three organizations – PowerSecure, Enchanted Rock and The American Red Cross – installed a combined […] Read more
