Canada Launches $800 M RE & Grid Modernisation Program Updated On Fri, Jun 4th, 2021 by Saurenergy Seamus O’Regan Jr., Canadian Minister of Natural Resources, recently launched a CAD 964 million (USD 800 mn) program that will support smart renewable energy and grid modernisation projects over four years, aiming to lower emissions and help the country achieve carbon neutrality by 2050. “Our new Smart Renewables and Electrification Pathways Program will increase our […] Read more
MoRTH Proposes Exempting EVs from Registration and Renewal Fees Updated On Thu, Jun 3rd, 2021 by Saurenergy The Ministry of Road Transport and Highways (MoRTH), in its ongoing efforts to support the EV ecosystem, has proposed some new steps. This time, MoRTH has issued a draft notification proposing the exemption of battery-operated vehicles i.e. EVs from the registration fee and its renewal charges. MoRTH issued this amendment in a statement, “Provided further […] Read more
Is ‘Oil Miracle’ Middle East Now Seeking to Become a Hydrogen Capital? Updated On Tue, Jun 1st, 2021 by Saurenergy In the wake of hydrogen, especially green hydrogen (produced through electrolysis using renewable energy), being posited as an ideal alternative to fossil fuels for producing electricity, the oil powerhouse Middle East has set out to become a major producer of the new clean fuel—green H2. Many oil-dependent economies within the OPEC (Organization of the Petroleum […] Read more
DSD Secures $85M in Financing to Support Pipeline of Distributed Generation Solar Updated On Fri, May 21st, 2021 by Saurenergy Distributed Solar Development (DSD) announced today the closing of $85 million in tax equity financing from Bank of America to support its expanding pipeline of distributed generation solar projects in the commercial and industrial (C&I) market through 2021, with a sizeable portion going toward New York State Energy Development and Research Authority Value of Distributed Energy […] Read more
Magenta Closes Series A Round With new Commitments Worth $15 Mn Updated On Fri, May 21st, 2021 by Saurenergy EV charging solutions firm Magenta EV Solutions has confirmed commitment in excess of USD 15 million in Series A funding. Navi Mumbai-based, Electric Vehicle (EV) charging solutions company, Magenta EV Solutions has confirmed a commitment in excess of USD 15 million (Rs 120 crore) in Series A funding from eminent Indian-American cardiologist, philanthropist billionaire and […] Read more
Why UP’s Solar Delays and Resultant Anxiety Of Developers Was Predictable Updated On Wed, May 19th, 2021 by Saurenergy NSEFI, (The National Solar Energy Federation of India) a key umbrella body that represents solar stakeholders, has finally been forced to approach the office of the Uttar Pradesh Chief Minister, Yogi Adityanath, for 500 MW of solar projects that were won in February 2020 by its members, where progress has been glacial. This delay, attributable […] Read more
Enel Green Power Commissions 15 MW Solar PV Plant in Mallorca Updated On Mon, May 17th, 2021 by Saurenergy Rome-headquartered multinational renewable energy corporation Enel Green Power España (EGPE) announced recently that it has commissioned the new Nou Biniatria solar photovoltaic plant in the town of Alcúdia in Mallorca. This facility has an installed capacity of 14.96 MW and an expected output of approximately 24.84 GWh per year. Its parent company, the Enel Group, […] Read more
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
Leading CEO’s Ask Newsom to Dedicate $500 Mn in Hydrogen Infrastructure Funds Updated On Mon, May 17th, 2021 by Saurenergy Executives of Major Energy Companies Point to Public Sector Support to Bolster Millions in Private Sector Investment In a letter to Governor Gavin Newsom, executives of 25 multi-national companies today called for major new investments in hydrogen infrastructure in the Golden State. “At this still early stage in market development, the signal California sends on […] Read more
