BUDGET: Solar Industry Wants Funds For RTS, Lower GST On Equipment Updated On Thu, Feb 1st, 2024 by Saurenergy As Union Finance Minister Nirmala Sitharaman is all set to announce the Union Budget today in Lok Sabha, the solar industry is anticipating several announcements for the sector. Several industry experts anticipate announcements that could support the industry. However, most of the solar industry experts who spoke on the issue talked about reduced taxes for […] Read more
COVER STORY: Rooftop Solar Enters Mission Mode In India Updated On Mon, Jan 29th, 2024 by Saurenergy The signs were already there. In the first week of 2024, the Ministry of New and Renewable Energy (MNRE) created ripples in the Indian solar market when it announced a 23 percent increase in subsidies for residential rooftop solar. As per the government notification, the ministry increased subsidies from Rs 14,588/kWh to Rs 18,000/kWh for […] Read more
Biden Extends Support To Made-in-America EV Charging Network Updated On Thu, Jan 25th, 2024 by Saurenergy United States (US) President Joe Biden made a recent announcement of vetoing a law that waived the American requirement for purchasing electric vehicles (EVs). While extending support to ‘Investing in America Agenda’ the President said in a press statement that, he “pledged to veto this resolution, which would hurt American workers, undermine domestic manufacturing, and […] Read more
MNRE Notifies New Scheme To Boost Green Ammonia Production In India Updated On Wed, Jan 17th, 2024 by Saurenergy The MNRE Ministry has announced that President Droupadi Murmu has sanctioned a new scheme for procurement of Green Ammonia under “Mode-2A” of the Strategic Interventions for Green Hydrogen Transition (SIGHT) Programme that comes under National Green Hydrogen Mission (NGHM). As per the new notification of MNRE, the aim of the scheme is to maximize the […] Read more
Green Energy, EVs To Drive India’s GDP Growth, Estimates EY Report Updated On Tue, Jan 9th, 2024 by Saurenergy Ernest and Young (EY), in its latest report, said that the green energy industries and electric vehicles could prove to be triggering factors, driving India’s total GDP growth by 2047-48. The report states that this can also pave the way for India’s transition to a developed economy with a rise in the per capita income. The […] Read more
Waaree Renewable Collaborates With 5B Industries To Boost Utility-Scale PV Projects Updated On Fri, Dec 29th, 2023 by Saurenergy Indian Solar EPC company--Waaree Renewable Technologies Limited announced a Long Form Heads of Agreement (LFHOA) with 5B Industries PTY LTD, an innovative solar solution company to accelerate the deployment of utility-grade solar power locally in India as well as in international markets with a US-compliant supply chain. The collaboration is likely to open avenues for […] Read more
First Solar, Fiserv Sign Tax Credit Transfer Pacts Under Inflation Reduction Act Updated On Thu, Dec 28th, 2023 by Saurenergy First Solar, a solar technology company entered into two separate tax credit transfer agreements (TCTAs) between Fiserv, Inc. and First Solar. These agreements were made to sell $500 million and up to $200 million, respectively, of 2023 Inflation Reduction Act (IRA) Advanced Manufacturing Production tax credits to Fiserv, Inc. The agreement is subject to satisfaction […] 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
India Awards More Than 8GW Of Energy Storage Tenders: IEEFA Report Updated On Thu, Dec 21st, 2023 by Saurenergy Indian policymakers have recognised the importance of energy storage systems (ESS) to the country’s evolving power landscape and have already awarded more than 8 gigawatts (GW) of such tenders, allocating 60% of these in 2023 alone, according to a new joint report by the Institute for Energy Economics and Financial Analysis (IEEFA) and JMK Research […] Read more
