State NBFCs – PFC & REC Reduce Lending Rates by up to 2 Percentage Points Updated On Thu, Apr 1st, 2021 by Saurenergy State-owned non-banking financial corporations Power Finance Corporation (PFC) and REC will reduce lending rates by up to two percentage points from April 1, 2021. “PFC and REC as group companies have been aligning operations to realise synergies. As part of such effort, PFC and REC have now decided together to reduce lending rates up to two percentage points,” PFC said in a statement. […] Read more
ITC Limited Commits to 100 Percent RE for all Energy Needs by 2030 Updated On Thu, Jan 7th, 2021 by Saurenergy ITC has set itself a target to meet 100 percent of its purchased grid electricity requirements from renewable energy (RE) sources by 2030. Indian multinational conglomerate ITC Limited has announced that it has set itself a target to meet 100 percent of its purchased grid electricity requirements from renewable energy (RE) sources by 2030. “As a part of […] Read more
Electricity Generation From Renewables Increased 6.9 percent in Nov’20: Ind-Ra Updated On Thu, Dec 31st, 2020 by Saurenergy India Ratings has detailed that the electricity generation from renewables in November 2020 increased by 6.9 percent yoy to 9.2 BU. In its latest power sector report, India Ratings (Ind-Ra) has detailed that the electricity generation from renewables sources in November 2020 increased by 6.9 percent yoy to 9.2 billion units. The report also highlighted […] Read more
India’s EV Market to Grow at 44 percent CAGR Until 2027: IESA Updated On Wed, Dec 23rd, 2020 by Saurenergy In its latest report, IESA has forecasted that India’s EV market is expected to grow at a CAGR of 44 percent between 2020-2027. In its latest report, India Energy Storage Alliance (IESA) has forecasted that in its base case scenario – India’s EV market is expected to grow at a CAGR of 44 percent between […] Read more
Perceived Risk of Investment in Indian Solar Market Cited in UNDP HDR Updated On Tue, Dec 22nd, 2020 by Saurenergy The latest edition of the UNDP HDR cited the case of India to explain the disparity in renewable investments around the world The latest edition of the United Nations Development Programme (UNDP) Human Development Report (HDR) cited the case of India to explain the disparity in the investments made in renewable energy amongst lower-middle-income and […] Read more
Siemens Gamesa to Produce 100 Percent Green Hydrogen for Decarbonizing the Polluting Industries Updated On Wed, Dec 9th, 2020 by Saurenergy In the crucial times of Climate Change, the world is trying to fight it by lowering carbon emissions. This economic decarbonization could be done by eliminating carbon-neutral fuels in transport sectors and polluting industries. In the Wind and Power industry, Siemens Gamesa is all set to bring the Brande Hydrogen pilot project, which will produce […] Read more
JPMorgan Chase and Brookfield Renewable Launch Collaboration to Power Over 500 Offices and Branches in New York with 100 Percent Renewable Electricity Updated On Wed, Oct 28th, 2020 by Saurenergy JPMorgan Chase and Brookfield Renewable today announced a five-year energy agreement for supplying clean, renewable electricity to over 500 of JPMorgan Chase’s real estate operations in New York State. Brookfield Renewable, which is, together with its institutional partners, an owner and operator of one of the world’s largest publicly traded renewable power platforms, will provide […] Read more
Flipkart Pledges to 100 Percent EV Fleet by 2030 Updated On Thu, Aug 27th, 2020 by Saurenergy Flipkart has announced it is committing to a phased integration of electric vehicles (EV) into its entire fleet (directly owned or leased fleets) by 2030. Flipkart has announced its commitment to transition to electric vehicles (EV) by joining the Climate Group’s global electric mobility initiative, EV100. As a part of this commitment and to support […] Read more
Solar Additions Down 64 Percent Q-o-Q in Q2 2020: Bridge to India Updated On Wed, Aug 26th, 2020 by Saurenergy India added just 351 MW of solar power generation capacity in Q2 2020, down sharply at 64 percent QoQ due to COVID related constraints. India added just 351 MW of solar power generation capacity in the second quarter of the fiscal i.e. Q2 2020, taking the total installed capacity to 38,377 MW by June 30, […] Read more
