EV Motors India and BYPL to set up EV Charging Stations in Delhi Updated On Mon, Feb 24th, 2020 by Saurenergy EV Motors India has signed an agreement with BYPL to set up and operate EV charging stations at select locations under the jurisdiction of BYPL in Delhi Electric vehicle startup EV Motors India (EVM) has announced that it has signed an agreement with BSES Yamuna Power Ltd (BYPL) to set up and operate charging stations for electric vehicles […] Read more
KEC Expands Global Footprint; Acquires Transmission Tower Mfg Unit in Dubai Updated On Mon, Feb 24th, 2020 by Saurenergy RPG Group flagship firm KEC International (KEC), through its arm KEC Towers LLC, has acquired an automated transmission tower manufacturing facility in mainland Dubai, United Arab Emirates (UAE). The global infrastructure Engineering, Procurement and Construction (EPC) major has won Dubai-based facility, with a capacity of 50,000 tons p.a., in an auction sale conducted by the Emirates Auction Authority. The BSE-listed company […] Read more
Leclanché Secures $65 Mn Loan Facility to Expand Operations Updated On Mon, Feb 24th, 2020 by Saurenergy Leclanché has signed an agreement with Yorkville Advisors for an unsecured convertible loan facility with a maximum ceiling of USD 40 million. One of the world’s leading energy storage companies Leclanché has signed an agreement with Yorkville Advisors Global, a New Jersey-based investment firm providing for an unsecured convertible loan facility with a maximum ceiling […] Read more
Mahindra Renewables Sells its 3 Arms to CLP India for About Rs 340 Cr Updated On Sat, Feb 22nd, 2020 by Saurenergy India’s leading car maker Mahindra & Mahindra said that its wholly-owned renewables subsidiary, Mahindra Renewables, has sold its entire stake in three subsidiaries for about Rs 340 crore to CLP India, an arm of Hong Kong-based CLP Group. CLP India has entered into a share purchase agreement to buy 100 percent shareholding each in Cleansolar Renewable […] Read more
TNERC Approves Rs 2.91 Tariff for Procurement of 441 MW Wind Power Updated On Fri, Feb 21st, 2020 by Saurenergy TNERC has approved a tariff rate of Rs 2.91/kWh for TANGEDCO to procure nearly 441 MW of wind power through SECI for a period of 25 years. The Tamil Nadu Electricity Regulatory Commission (TNERC) in its latest order has approved a tariff rate of Rs 2.91/kWh for the Tamil Nadu Generation and Distribution Corporation (TANGEDCO) […] Read more
EDP Renewables Posts 52% Rise in net Profit to Reach EUR 475 Mn Updated On Fri, Feb 21st, 2020 by Saurenergy EDP Renewables has announced its full-year results for 2019, posting total revenues of EUR 1,824 million and Net Profit amounting to EUR 475 million. EDP Renewables (EDPR), a global leader in the renewable energy sector and one of the largest wind energy producers in the world with a presence in 14 countries, has announced its […] Read more
Vestas Bags Orders Worth 160 MW in Mexico and China Updated On Fri, Feb 21st, 2020 by Saurenergy Vestas has secured two orders worth a combined 160 MW capacity in Mexico and China. An EPC order for a 108 MW project and a 52 MW turbine order in China. Vestas has secured two orders worth a combined 160 MW capacity in Mexico and China. The first order has been received for an engineering, […] Read more
Ministry of Finance Confirms Force Majeure Status for Coronavirus Updated On Thu, Feb 20th, 2020 by Saurenergy In news that should bring some immediate relief to large solar developers, the Ministry of Finance has come out with a clarification on the Coronavirus epidemic. The clarification states that the coronavirus will be covered in the force majeure clause in agreements as a case of natural calamity. That should help developers whose incoming supplies […] Read more
Supreme Court Keen to Interact with Environment Minister on EV Transition Updated On Thu, Feb 20th, 2020 by Saurenergy The Supreme Court (SC) has expressed its keenness to interact with the Union Environment Minister to deal with the issue of gradual transition into EVs The Supreme Court (SC) on Wednesday expressed its keenness to interact with the Union Environment Minister to deal with the issue of gradual transition of all public transport and government […] Read more
