BluSmart Secures Rs. 200 Cr In Pre-Series B Funding Round Updated On Mon, Jul 15th, 2024 by Saurenergy BluSmart, the Gensol backed EV RideHailing service provider recently completed its Pre-Series B funding round, in which the company secured Rs. 200 Crore (USD 24 million). The funding will further assist BluSmart in expanding its EV operations and building EV charging infrastructure in major Indian cities. This new investment round saw participation from new investors […] Read more
Climate-Focused Non-Profits Make an Impact Updated On Thu, Jul 11th, 2024 by Saurenergy India is the most populous country in the world and is poised to become a $5 trillion economy — the world’s third largest — in the next five years. Today, India’s per capita greenhouse gas emissions are about one tenth of those from the United States, and India represents just 3.4% of historic global emissions. […] Read more
REC Gets $200 Mn Loan From Deutsche Bank To Finance RE Projects Updated On Thu, Jul 11th, 2024 by Saurenergy REC recently secured a green loan of JPY 31.96 billion which is equivalent to $200 million to finance green projects in India. The green loan transaction was conducted by Deutsche Bank AG, through its GIFT City branch. For REC, the public financial institution, the facility is also positioned as one of the first JPY-denominated green […] Read more
US Plans $65Bn Investment In Offshore Wind, But Faces Constraints Updated On Wed, Jul 10th, 2024 by Saurenergy The American Clean Power Association (ACP) released the 2024 Offshore Wind Market Report, which projected the clean power industry to invest $65 billion in offshore wind projects by 2030. This can support 56,000 jobs in the United States. There are currently 12 gigawatts (GW) of projects with active offtake agreements, including 4 GW under active […] Read more
Smart Grid Technologies Accounts For Just 0.2% Of Registered Patents Worldwide, Says IEA Updated On Mon, Jul 8th, 2024 by Saurenergy The International Energy Agency (IEA) recently released a report on global patent data for smart grid technology spanning from 2000 to 2023 revealing approximately 16,000 Intellectual Property Families (IPFs) registered worldwide in this domain. This constitutes 0.2% of total IPFs across all technologies. IEA report found that smart grid technologies account for about 5% of […] Read more
DVC’s Investment Plan To 2030 Focus More On Solar, Pumped Storage Updated On Mon, Jul 8th, 2024 by Saurenergy Kolkata based Damodar Valley Corporation (DVC) on Friday announced that it plans to invest Rs 20,000 crore by 2030 to install nearly 4,000 MW of solar capacity. DVC currently is a primarily thermal power firm, with 6540 MW of its existing installed generation capacity of 6,700 MW thermal. the corporation and its plans can have […] Read more
Schneider Electric Gets $3.75M For Electric Stove Outreach Updated On Thu, Jul 4th, 2024 by Saurenergy Schneider Electric Energy Access Asia (SEEAA), an impact fund managed by Schneider Electric, an energy management and automation company, along with Spark+ Africa Fund closes US$3.75M Series A in ATEC to support global expansion across Asian and African markets for its market-leading IoT electric stoves. Other institutional investors in the round include DRW, Save the Children […] Read more
Suzlon Appoints Gurpratap Boparai As Its New CEO (Manufacturing) Updated On Wed, Jul 3rd, 2024 by Saurenergy Indian Wind Energy Company Suzlon Group has appointed Gurpratap Boparai as its new Chief Executive Officer (CEO)-Manufacturing Bussiness. The wind turbine generator manufacturer submitted the details of his joining before the BSE its filings. Boparai joined the Pune-based company from July 1. Suzlon said that the newly inducted CEO (manufacturing) has expertise in market launches, […] Read more
SolarAfrica Begins Work For 1 GW Project On SunCentral Solar Farm Updated On Wed, Jul 3rd, 2024 by Saurenergy SolarAfrica, an Independent Power Producer, providing financial and technical solutions in energy recently began construction on the Rand 5 billion development project. This marks the beginning of Phase 1 of the IPP’s flagship utility-scale project. It also marks some serious progress on South Africa’s challenge to add more renewable energy to a struggling grid. The […] Read more
