DST Raises $100 Million In Series C Funding Round Updated On Mon, May 17th, 2021 by Saurenergy Chinese electric vehicle logistics provider, DST Car Rentals has announced that it has closed its latest round of investment for Series C funding. This final round of investment has raised a total of USD 100 million. The investment was led by the Ingka Investments (part of Ingka Group), followed by SMRT Ventures, China Securities Investment […] Read more
PLI Scheme for Battery Storage Will Lower Cost of EVs in India: SMEV Updated On Fri, May 14th, 2021 by Saurenergy SMEV has said that the PLI scheme for promoting battery storage will lead to the reduction of cost on purchase of electric vehicles (EVs) The Society of Manufacturers of Electric Vehicles (SMEV) has said that the production linked incentive (PLI) scheme for promoting battery storage will lead to the reduction of cost on purchase of electric vehicles (EVs) thereby […] Read more
IEA Upgrades Solar To Energy ‘King’ In Outlook for 2021, 2022 Updated On Wed, May 12th, 2021 by Saurenergy The International Energy Agency (IEA), in its latest Energy market update, has flagged renewables as the only category which saw demand increase. based on this, and the competitive filed for renewables versus other energy options, the agency sees a solid future ahead for renewable energy, particularly Solar. For India, which has been hit hard by […] Read more
Global Finance is Mobilising to Meet East Asia’s Net-Zero Ambition: IEEFA Updated On Wed, May 12th, 2021 by Saurenergy Bolder emissions reduction targets by China, Japan and South Korea threaten Australian fossil fuel exports Chinese President Xi Jinping’s surprise announcement at the UN General Assembly in September 2020 that the world’s biggest emitter would become carbon neutral by 2060 has proved pivotal, writes Tim Buckley, IEEFA’s Director Energy Finance Studies, Australia/South Asia, in a […] Read more
ADB to End Fossil Fuel Financing, No Timeline Committed Updated On Tue, May 11th, 2021 by Saurenergy The Asian Development Bank (ADB) announced on Friday that it will not finance coal mining or oil and natural gas activities in the future, as a result of a draft energy policy supporting low carbon transition in Asia and the Pacific. Set up in the early 1960s and headquartered in Manila, the ADB has since channelled […] Read more
Renewables Powering Through the Pandemic: IEA Updated On Tue, May 11th, 2021 by Saurenergy Renewable electricity expanded at fastest pace in two decades, with huge additions of solar and wind becoming the ‘new normal’ going forward Renewable sources of electricity such as wind and solar grew at their fastest rate in two decades in 2020 and are set to expand in coming years at a much faster pace than […] Read more
England To Favour Domestic Manufacturers For Wind Subsidies Updated On Tue, May 11th, 2021 by Saurenergy The British Government will not allow subsidies for offshore wind development projects that do not use components made and supplied by UK based manufacturers. The new rules are likely for projects larger than 300 MW. Prime Minister Boris Johnson has announced plans to grow UK offshore wind generation to 40GW by 2030, with an additional […] Read more
LONGi Wins at “All Quality Matters” Solar Congress 2021 Updated On Mon, May 10th, 2021 by Saurenergy China-based leading solar PV manufacturer LONGi announced today that it has once again received recognition at the 2021 edition of the TÜV Rheinland “All Quality Matters” Solar Congress, with its Hi-MO 4 and Hi-MO 5 high-efficiency modules winning awards for PV Module Outdoor Energy Yield (Monofacial Group) and PV Module Energy Yield Simulation (Bifacial monocrystalline […] Read more
Highest-ever Boom in Copper Amid Clean Energy Transition: Bloomberg Updated On Mon, May 10th, 2021 by Saurenergy According to recent analysis by Bloomberg, a New York City-headquartered data and media company, copper surged this week to its highest-ever and copper future prices rose as high as $10,440 a ton in London. This follows the boom in copper spread over the past year, which caused prices to double in the period. The year 2011 […] Read more
