SOFAR Futuristically Designed Factory Visited by PVO International Updated On Thu, Jun 29th, 2023 by Saurenergy SOFAR, a global provider of PV and ESS solutions, was recently visited by PVO International Commercial Director Hans Ekelmans and Procurement Manager Erwin Damen at the firm’s brand-new manufacturing base in Huizhou. The first phase of SOFAR latest smart and digital factory covers an area of over 110 thousand square meters, with a total investment […] Read more
Funding New Thermal Power Plants May Create Stranded Assets: IEEFA Report Updated On Wed, Jun 28th, 2023 by Saurenergy A latest report by the Institute for Energy Efficiency and Financial Analysis (IEEFA) claimed that new investments in thermal power plants could potentially lead to new stranded assets. The report said it is due to the economic benefits of renewable energy. The report titled ‘Cleaning up the last pile of India’s power sector Non-Performing Assets (NPAs)’ discusses […] Read more
World Bank Approves $200 Mn Loan to Himachal for RE Sector Reforms Updated On Wed, Jun 28th, 2023 by Saurenergy World Bank’s Board of Executive Directors has approved a $200 million loan for the Government of Himachal Pradesh to support power sector reforms in the state and increase the share of Renewable Energy (RE) in its electricity generation. The loan aligns with Himachal Pradesh’s objective of adding 10 GW of additional RE capacity to make […] Read more
Indian Firm Epsilon To Setup EV Battery Component Manufacturing Unit In US Updated On Tue, Jun 27th, 2023 by Saurenergy Indian battery materials firm Epsilon Advanced Materials (EAM) has now decided to set up its electric vehicle (EV) component material manufacturing unit in the United States (US). It comes days after India joined the elite US-led Minerals Security Partnership (MSP) club. The firm also planned to invest around USD 650 million in the Western country […] Read more
eMaaS Platform BillionElectric Forays Into India, Secures $10M in Seed Funding Round Updated On Tue, Jun 27th, 2023 by Saurenergy BillionElectric, an E-Mobility as a Service (eMaaS) platform has today announced its foray into the Indian market, securing $10 million in a seed round of equity and asset lease funding. The funds raised will be strategically allocated to two key initiatives, namely, the deployment of electric tarmac buses at the Bengaluru international airport and the […] Read more
Europe’s Nuclear Regret: Sweden Moves To Redress The Nuclear Exit Updated On Tue, Jun 27th, 2023 by Saurenergy Sweden, over four decades after deciding to phase out nuclear power, is now considering the construction of additional nuclear reactors. This shift comes as the country’s parliament officially abandoned its goal of achieving 100 per cent renewable energy to reach net-zero emissions by 2045. Sweden recently revised its net-zero targets to focus on achieving 100 […] Read more
CIP Pledges $350 Million for South Korea’s Offshore Wind Expansion Updated On Mon, Jun 26th, 2023 by Saurenergy Copenhagen Infrastructure Partners (CIP) signed an Investment Notification Form in the presence of the Republic of Korea’s President Yoon Suk-Yeol, committing to inject $350 million into offshore wind projects in South Korea. Through their funds, CIP aims to facilitate developing and constructing gigawatt-scale offshore wind projects in the country. These projects are situated in the […] Read more
Plan To Add More Floating Solar Projects: Simarpreet Singh, CEO, Hartek Solar Updated On Mon, Jun 26th, 2023 by Saurenergy SaurEnergy: In the last 32 years, the Hartek group witnessed the virtual revolution of the solar sector. How has it changed your approach to the market and the growth? Singh: When we started the solar business, the situation differed from the current scenario. Many consumers were reluctant to go for solar rooftops; there was a shortage […] Read more
Vikram Solar’s $1.5 Billion US Manufacturing Bet Updated On Mon, Jun 26th, 2023 by Saurenergy News about Kolkata-based Vikram Solar’s plans for a manufacturing push into the US might have surprised a lot of industry watchers, but it is really not as surprising as it seems. A new venture backed by one of India’s oldest solar panel manufacturers at a serious scale announced plans last week to invest up to […] Read more
