ADB Supports India’s Covid-19 Response Through Record Annual Lending Updated On Mon, May 17th, 2021 by Saurenergy Manila-headquartered Asian Development Bank (ADB) said on Thursday that it had committed $3.92 billion in sovereign loans for 13 projects to India in 2020, including $1.8 billion in projects to support the Government of India’s coronavirus disease (COVID-19) pandemic response. This is ADB’s highest-ever annual lending commitment to India since the start of its lending operations […] Read more
Waaree Praises PLI but Says Indian PV Manufacturers Facing Challenges Updated On Tue, May 4th, 2021 by Saurenergy Mumbai-headquartered solar PV module manufacturer Waaree Group has expressed appreciation for the government’s recently announced Production Linked Incentive (PLI) scheme and has highlighted the challenges currently facing Indian manufacturers of solar power generation equipment. Chairman and Managing Director Hitesh Doshi believes that the PLI scheme will boost the country’s manufacturing sector, which is paramount today. He […] Read more
PLI Scheme for Manufacturing of High Efficiency PV Modules a Positive for Domestic OEMs: ICRA Updated On Tue, May 4th, 2021 by Saurenergy The Ministry of New & Renewable Energy (MNRE) has notified the guidelines for the Production- Linked Incentive (PLI) scheme to promote the domestic manufacturing of high-efficiency solar modules and thereby reduce dependence on imports in the solar power sector. The scheme has been approved with a financial outlay of Rs. 4500-crore over a period of […] Read more
LONGi Releases Q1 2021 and Full Year 2020 Results Updated On Thu, Apr 29th, 2021 by Saurenergy Chinese solar PV manufacturer LONGi has released its 2020 annual report to shareholders across the world, displaying a steady growth in revenue and a substantial rise in global shipments. During 2020, the company continued with its customer value oriented approach, providing reliable and efficient products and services to the market. According to the annual report, LONGi […] Read more
Oberoi Group Signs MoU with EESL to Further its Sustainability Initiatives Updated On Wed, Apr 14th, 2021 by Saurenergy The Oberoi Group has signed an MoU with EESL for implementing energy-efficient initiatives, including clean energy systems on its properties With the aim to augment its sustainability initiatives, The Oberoi Group has signed a Memorandum of Understanding (MoU) with Energy Efficiency Services Limited (EESL), a joint venture of 4 PSU’s under the Ministry of Power. […] Read more
India’s First Li-ion Battery Plant in Karnataka Updated On Tue, Apr 13th, 2021 by Saurenergy Vikram Handa, son-in-law of steel tycoon Sajjan Jindal, set up Epsilon Advanced Materials Pvt in Karnataka in August last year to become the first manufacturer of lithium-ion battery parts in India. Handa’s investment in the plant will be a whopping Rs 60 billion ($807 million) so that 1 lakh tonnes of synthetic graphite anode can […] Read more
SECI Extends Deadline for Another Tender; 25 MW Project for BCCL Updated On Mon, Apr 12th, 2021 by Saurenergy SECI has again extended the bid deadline for its tender for setting up a 25 MW solar plant at the Bhojudh Coal Washery of BCCL in West Bengal The Solar Energy Corporation of India (SECI) has notified that the bid submission deadline for its tender for setting up of 25 MW solar PV power plant […] Read more
Key Downside Risk in the Wake of BCD Announcement is Delays in Signing of PPAs/PSAs: ICRA Updated On Thu, Mar 25th, 2021 by Saurenergy Given the expected increase in solar tariffs amid the imposition of BCD, the delays in the signing of PPAs/PSAs is a key downside risk in the near term ICRA Ratings has said that policy support and tariff competitiveness factors are likely to continue driving investments in the renewable energy (RE) sector. However, on the flip […] Read more
Epsilon Gets Qualified as Anode Precursor Supplier for Li-ion Batteries Updated On Tue, Feb 16th, 2021 by Saurenergy Epsilon receives initial order for its Anode precursor material and successfully qualifies as a supplier in the global Li-ion battery supply chain Epsilon Advanced Material, a leading domestic manufacturer of advanced cell chemistry materials and a subsidiary of Epsilon Carbon, has received an initial order for its Anode precursor material from two top anode makers […] Read more
