Ørtsed Reports Strong First Half for 2020, Operating Profit of $1.5 Bn Updated On Wed, Aug 12th, 2020 by Saurenergy Ørsted has issued its interim report for the first half of 2020, reporting an operating profit (EBITDA) of USD 1.5 billion, an 11 percent increase YoY The Board of Directors at Ørsted has approved the interim report for the first half (H1) of 2020. The firm reported an operating profit (EBITDA) of DKK 9.8 billion […] Read more
We Need to Renew our Pledge to Renewables: Niti Aayog VC Updated On Thu, Aug 6th, 2020 by Saurenergy India needs to renew its pledge to renewables as thermal cannot take the country far due to environmental constraints, Niti Aayog VC Rajiv Kumar has said. India needs to renew its pledge to renewables as thermal energy cannot take the country far due to environmental constraints, Niti Aayog Vice Chairman Rajiv Kumar said. Delivering the keynote address on ‘Solar Energy: The […] Read more
BCD on Chinese Imports to be Delayed by 2-3 Weeks: MNRE Updated On Wed, Aug 5th, 2020 by Saurenergy The basic customs duty (BCD) on solar imports from China, which was supposed to be implemented from August 1, 2020, will be delayed by 2-3 weeks. The basic customs duty (BCD) on solar imports from China, which was supposed to be implemented from August 1, will be delayed for another two to three weeks, per […] Read more
RERC Increases Capacity by 400 MW under KUSUM Yojana Updated On Tue, Aug 4th, 2020 by Saurenergy In Rajasthan, Solar PV Projects Totaling 725 MW will be Installed now, under Component-A of the KUSUM Yojana The Rajasthan Electricity Regulatory Commission (RERC) has increased the capacity of solar PV projects to be installed in Rajasthan under Component-A of the Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyaan (KUSUM) Yojana by 400 MW. Rajasthan […] Read more
FICCI Makes the Case for Extending FAME-II by 2 Years Updated On Fri, Jul 3rd, 2020 by Saurenergy FICCI has recommended various measures, including the continuation of the FAME-II scheme till 2025, to enhance the demand for electric vehicles in the country. The Federation of Indian Chambers of Commerce & Industry (FICCI) has recommended various measures, including the continuation of the FAME-II scheme till 2025, to enhance demand for electric vehicles in the country. The […] Read more
Boost in Clean Energy Innovation Needed for Net-Zero Objectives: IEA Updated On Thu, Jul 2nd, 2020 by Saurenergy Without a major push in clean energy innovation, countries and companies around the world will be unable to meet their net-zero targets, a new report by IEA has detailed. Without a major push in clean energy innovation, countries and companies around the world will be unable to fulfil their pledges to bring their carbon emissions […] Read more
With Phased Duties on Solar Imports, Government Hopes for Orderly Transition Updated On Thu, Jun 25th, 2020 by Saurenergy At his press conference today, Power Minister R.K. Singh confirmed that duties, possibly starting at 25 percent, will be imposed on module imports from August 1. He wasn’t absolutely certain on duties for cell imports, but indicated they would be treated at a lower rate, possibly 15 percent. It is also not clear if customs […] Read more
Rs 90,000 Crore Relief Package for Discoms a Non-Starter Updated On Tue, Jun 23rd, 2020 by Saurenergy The Rs 90,000 crore relief package for Discoms has been a non-starter as state governments are reluctant to extend guarantees on loans given to such Discoms The Union government’s ambitious Rs 90,000 crore relief package plan to inject liquidity for electricity distribution companies (Discoms) has been a non-starter as state governments are reluctant to extend […] Read more
Japan’s JERA and France’s ADEME, IDEOL Team Up to Form 2 GW Floating Wind Farm JV Updated On Mon, Jun 22nd, 2020 by Saurenergy Japan’s largest utility company JERA said that it has agreed with French state-owned investment firm ADEME Investissement and Ideol, France’s leading floating offshore wind technology company, on the key terms for establishing an investment vehicle to develop a floating offshore wind farm. Through this joint venture, the three companies aim to establish an investment vehicle […] Read more
