Electric Vehicles Market Share to Exceed 50% From 2033: Rystad Updated On Mon, Apr 5th, 2021 by Saurenergy The share of electric vehicles in global passenger car sales is set to quadruple in 2026 from 4.6% last year and exceed 50% from 2033 onwards. The market penetration of electric vehicles (EVs) is increasing rapidly as a result of the accelerating energy transition, and demand for batteries is expected to skyrocket going forward for […] Read more
ABB and Amazon Web Services Collab to Digitalize EV Fleet Management Updated On Thu, Apr 1st, 2021 by Saurenergy The ABB Group and Amazon Web Services (AWS) have announced their partnership to develop a cloud-based digital solution for the real-time fleet management of Electric Vehicles (EVs). The solution will optimize the efficient use of EVs and speed up the electrification of transport fleets, helping operators worldwide maintain 100 percent business continuity as they transition […] Read more
State NBFCs – PFC & REC Reduce Lending Rates by up to 2 Percentage Points Updated On Thu, Apr 1st, 2021 by Saurenergy State-owned non-banking financial corporations Power Finance Corporation (PFC) and REC will reduce lending rates by up to two percentage points from April 1, 2021. “PFC and REC as group companies have been aligning operations to realise synergies. As part of such effort, PFC and REC have now decided together to reduce lending rates up to two percentage points,” PFC said in a statement. […] Read more
Rooftop Solar + Storage From Batteries and EVs in India’s near-future: IEEFA Updated On Thu, Apr 1st, 2021 by Saurenergy Policymakers must build the framework required for combining rooftop solar with battery storage and EVs to meet India’s 2030 targets Policymakers and regulators must build the framework required for combining rooftop solar with battery storage and electric vehicles (EVs) to meet Prime Minister Narendra Modi’s vision for a sustainable, energy-secure future, according to a new […] Read more
US Solar PV Project Order Worth Rs 890 Crore for Sterling and Wilson Updated On Wed, Mar 31st, 2021 by Saurenergy Sterling and Wilson Solar Solutions, the US subsidiary of SWSL has signed a solar project order worth ~ Rs 890 crore in the US Sterling and Wilson Solar Solutions (SWSS), the US subsidiary of Sterling and Wilson Solar Limited (SWSL) has announced that it has signed an order worth USD 121.7 million (~ Rs 890 […] Read more
No way out for Stranded Thermal Assets in India, Amid RE Push : IEEFA Updated On Wed, Mar 31st, 2021 by Saurenergy India’s 40 GW of stressed and stranded thermal power assets, identified by a parliamentary committee in March 2018, still linger on – most of them without any feasible resolution. India’s 40 gigawatts (GW) of stressed and stranded thermal power assets, identified by a special parliamentary committee in March 2018, still linger on – most of […] Read more
Battery And EV Maker BYD Profit Up 162% in 2020, On Increased Demand Updated On Tue, Mar 30th, 2021 by Saurenergy The China-based automotive subsidiary of BYD, BYD Auto Co., Ltd. reported stellar profit numbers, up 162 percent for the year 2020, yesterday. The sharp profit growth are on the back of increased demand worldwide for its electric vehicles, especially buses, where it is a global leader. BYD’s net income reached 4.2 billion yuan or USD […] Read more
Global Wind Power Installations Hit Record Levels in 2020 Updated On Tue, Mar 30th, 2021 by Saurenergy Industry to install nearly 1 TW of new capacity from 2021 to 2030 114 GW of new wind capacity was added globally in 2020, representing an 82% increase year-over-year (YoY), according to new research from Wood Mackenzie. This is the highest global annual installation total on record. China’s National Energy Administration reported 72 GW […] Read more
Record Fall in Coal Generation in 2020, but Emissions Remained High: Ember Updated On Tue, Mar 30th, 2021 by Saurenergy New research has revealed a record fall in coal generation in 2020, however, power sector emissions were still higher than in 2015. New research has revealed that China was the only G20 country that saw a large increase in coal generation in the pandemic year. Globally there was a record fall in coal generation in […] Read more
