EIB Backing of €400 million For Green Renewable Energy Developer Updated On Wed, Jan 3rd, 2024 by Saurenergy Greek renewable energy developer Mytilineos has secured backing from the European Investment Bank (EIB) for €400 million (US$437 million) to support its solar and battery storage development plans. Mytilineos has a broader plan for the development of 2.6GW of solar PV and storage assets across the EU through 2027. The total sum of the investment […] Read more
The Success Story of Solar Lighting in Rural Landscapes Updated On Wed, Dec 27th, 2023 by Saurenergy By Shashank Donthi, CEO of Hynetic Electronics Solar lighting in rural landscapes have gained popularity and extensive deployment in India due to their eco-friendly nature and cost-effectiveness. These lights harness solar energy during the day using photovoltaic panels and store it in batteries for illumination during the night. India’s rural communities form the foundation of […] Read more
11.61 Lakh Electric Vehicles Sold Under FAME-II Scheme, Says Govt Updated On Thu, Dec 21st, 2023 by Saurenergy The Minister of Heavy Industry (MHI) Minister, Mahendra Nath Pandey recently shared data on the Faster Adoption and Manufacturing of Electric Vehicles in India (FAME-II) Scheme in the parliament. The scheme operated for a period of five years commencing from 1st April 2019 with a total budgetary support of Rs. 10,000 crores. The minister said […] Read more
20% Growth In EVs Registered In June to December YoY: Minister Updated On Wed, Dec 20th, 2023 by Saurenergy Minister of State for Heavy Industries, Krishan Pal Gurjar, mention in a written reply to the parliament that ‘There has been no slowdown in the sale of electric vehicles in the country during the previous two months.’ The statement comes even as talk of removing the FAME 2 subsidy for electric vehicles in the near […] Read more
Saudi’s ACWA Power in PPA with South Africa for Dispatchable RE Project of 150 MW Updated On Wed, Dec 20th, 2023 by Saurenergy Saudi-based clean energy firm ACWA Power, has entered into a Power Purchase Agreement (PPA) for a project known as, ‘ACWA Power Project DAO’ to be established in South Africa. The initiative is for a dispatchable renewable hybrid plant of 150 MW capacity. The signatories of the agreements included Gwede Mantashe, Minister of Mineral Resources and […] Read more
“700+ Wp Modules Increase Generation By Around 20% Compared To Existing 580-585 Wp Range”: Sarthak Sengupta, Amplus Updated On Thu, Dec 14th, 2023 by Saurenergy Sarthak Sengupta, Vice President, Procurement, Amplus, has 17 years of experience in materials management, strategic sourcing, and procurement consulting. During his extensive professional journey, Sarthak has worked for organizations like Hindustan Petroleum Corporation Limited and Blue Star Limited, demonstrating expertise across diverse industries such as electric vehicles, renewable energy (solar, wind, battery storage, EPC), new […] Read more
RECPDCL Looks for Solar Developer to Set up 250 MW Solar Projects Updated On Wed, Dec 13th, 2023 by Saurenergy REC Power Development & Consultancy Limited has issued a tender for the selection of Solar Power Developer for setting up of 250 MW ISTS-connected solar PV power projects anywhere in India under Tariff-based competitive bidding with greenshoe option of additional capacity of 250 MW under scheme for flexibility in generation and scheduling of thermal/ hydro […] Read more
Solar Became Cheapest Fuel Source For Newly-Built Power Systems: EY Updated On Thu, Dec 7th, 2023 by Saurenergy The latest report by Ernst and Young (EY) claimed that solar energy emerged as the cheapest fuel source for newly built power systems globally, fueling a faster energy transition. The report said that despite the challenges like inflation and price rises, solar power seemed to be the leader. It claimed that with its lowest Levelized Cost […] Read more
India Registered 62 EV Manufacturers Under FAME-II, Parliament Told Updated On Thu, Dec 7th, 2023 by Saurenergy The Minister of State for Heavy Industries (MHI), Krishan Pal Gurjar, in a written reply in Parliament stated that, under FAME-II, subsidies of Rs. 5,228.00 crore were disbursed for the increased deployment of Electric Vehicles (EVs) in India. He also told the Lower House that under the scheme, a total of 11,53,079 EVs were sold […] Read more
