BMW Announces new Strategic Direction; 7 Mn EVs on the Road by 2030 Updated On Tue, Jul 28th, 2020 by Saurenergy The BMW Group is making sustainability and resource efficiency central to its strategic direction and plans have 7 million EVs on the road by 2030 The BMW Group has announced that it is making sustainability and resource efficiency central to its strategic direction. Chairman of the Board of Management Oliver Zipse recently announced initial details […] Read more
Iberdrola to Launch Green Hydrogen Plant With Solar and BESS System Updated On Tue, Jul 28th, 2020 by Saurenergy Iberdrola has signed an agreement with Fertiberia to construct the largest plant to produce green hydrogen for industrial use in Europe. Spanish multinational electric utility Iberdrola has announced that it has signed an agreement with Fertiberia, which will trigger investment of 150 million euros, to construct the largest plant to produce green hydrogen for industrial […] Read more
Farmers in UP City to get 160 Solar Pumps Under KUSUM Scheme Updated On Mon, Jul 27th, 2020 by Saurenergy The Pilibhit agriculture department in UP is set to provide 160 solar pumps to farmers on subsidy, under the PM KUSUM scheme of the Union government. The Pilibhit agriculture department in Uttar Pradesh (UP) is set to provide 160 solar pumps to farmers on subsidy, under the Pradhan Mantri Kisan Urja Suraksha Utthan Mahabhiyan (KUSUM) scheme of the Union […] Read more
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
