Govt Releases Framework For Promoting Energy Storage Updated On Mon, Sep 4th, 2023 by Saurenergy The Ministry of Power has now released a detailed framework for promoting energy storage systems (ESS) in the country. The framework includes the promotion of battery storage systems as well as pumped storage systems. The ministry guidelines advocated for a Viability Gap Funding (VGF) of up to 40 percent of the project’s capital cost to make […] Read more
IREDA In MoU With Revenue Target of ₹4,350 Cr for 2023-24 Updated On Mon, Aug 21st, 2023 by Saurenergy The Indian Renewable Energy Development Agency (IREDA), a Mini Ratna (Category – I) Government of India enterprise under Ministry of New and Renewable Energy, has signed a performance-based Memorandum of Understanding (MoU) with the Ministry of New and Renewable Energy, Government of India. The MoU, in alignment with guidelines issued by Department of Public Enterprises, […] Read more
As Solar Exports See Striking Surge, Indian PV Manufacturers Face New Challenges Updated On Fri, Aug 18th, 2023 by Saurenergy China continues its global domination when it comes to the solar supply chain. The leader brought online a whopping capacity of 87.41 GW of new solar power in 2022. As per an IEA report, it contributed to nearly 90% of solar PV modules manufacturing capacity in 2022. The report further states that this Chinese supply […] Read more
IREDA Reports Net NPA Reduction, Profit Jump In Q1 Fy24 Updated On Wed, Aug 16th, 2023 by Saurenergy Indian Renewable Energy Development Agency Ltd. (IREDA), a Mini Ratna (Category – I) Government of India enterprise under the administrative control of Ministry of New and Renewable Energy, has reported an all-time high Quarterly Profit After Tax (PAT) of Rs. 295 crores and Profit Before Tax (PBT) of Rs. 440 crores in the 1st Quarter […] Read more
After BSE, Waaree Renewable Considers Plans For Listing In NSE Updated On Fri, Aug 11th, 2023 by Saurenergy Indian solar EPC and O&M player Waaree Renewable Technologies is now mulling the listing of its company at the National Stock Exchange (NSE). It is already listed under the Bombay Stock Exchange (BSE). The company management shared the information during its recent investors call. The firm recently updated the details of the investors’ call to […] Read more
No Proposal To Impose Carbon Tax This Year: Govt Updated On Mon, Aug 7th, 2023 by Saurenergy The Union government claims that it has no plans to impose a Carbon Tax during the current financial year. It also added that it would continue to provide hand-holding support to electric vehicle consumers with government incentives. The response came to the fore when Minister of State for Finance Pankaj Chaudhary told the House about […] Read more
SaurEnergy Explains IRA: The Act That Kickstarted a Solar Manufacturing Rush in the US Updated On Tue, Aug 1st, 2023 by Saurenergy On August 7, 2022, the US Senate approved a Bill titled the Inflation Reduction Act (IRA) 2022 after a series of discussions and debates between the Democrats and Republicans. The most interesting aspect of the bill was its focus on clean energy incentives. The bill was also hailed as a crucial piece of climate legislation […] Read more
Ready, Set, Go: India’s Solar Manufacturing Ambitions Are Flying Updated On Mon, Jul 31st, 2023 by Saurenergy For India’s solar sector and its many entrepreneurs, all signals are finally green. Or so it would seem. Be it progress on manufacturing plans, including the all important backward integration, exports, and of course, a strong domestic market for their output. Everything has come together for the many firms and entrepreneurs who will hope for […] Read more
Thin Film Module Maker First Solar In 5 GW Deal With Energix Updated On Tue, Jul 18th, 2023 by Saurenergy US based solar module manufacturer First Solar, which stands out for using cadmium telluride (CdTe) thin-film modules at scale, has signed a framework agreement with Israeli solar developer Energix Renewables to supply 5GW of modules. Energix has a 7 GW portfolio spread across Israel, Poland and the US. The deal also involved First Solar recycling […] Read more
