IEX Power Trading Update for June 2022 Updated On Tue, Jul 5th, 2022 by Saurenergy The Indian Energy Exchange achieved 8267 MU volume in June ’22 comprising 7058 MU in the conventional power market, 536 MU in the Green Power Market, and 673 MU (6.73 lac Certificates) in the REC Market, registering 17% YoY volume growth across all market segments. Owing to improved supply-side availability, the prices at the day […] Read more
Somabay Resort And TAQA Arabia Establish PV Solar Plant Updated On Tue, Jul 5th, 2022 by Saurenergy Cairo, Egypt witnessed the celebration of the launch of a 5MW PV solar plant in Somabay Resort owned by TAQA Arabia, which is the full-service energy and utility provider in Egypt. The station was inaugurated in the presence of Osama Saleh, Chairman of the Board of Directors of Abu Soma Tourism Development Company, Ibrahim El-Missiri, […] Read more
EVIFY Raises Rs. 80 Lakh From Angel Investors to Accelerate Its EV Operations Updated On Mon, Jul 4th, 2022 by Saurenergy EVIFY, Surat-based EV logistics startup, has acquired Rs. 80 lakh in a seed round from angel investors including We Founder Circle. This investment round’s funds will primarily be used for the company’s operational expansion, team building, and technology development. The startup has set its sights on reaching every corner of the country with green logistics […] Read more
Log9 Materials Showcases It’s Full EV Range At Expo Updated On Mon, Jul 4th, 2022 by Saurenergy Bengaluru-based Electric vehicle startup Log9 Materials, with its indigenously-developed innovations/technology-based solutions for the EV, energy storage, and other allied domains (Last-Mile Delivery) is in hyper active mode. From multiple partnerships, to participating in industry expos, to even investments in other startups, the firm and its founders have been very busy lately. At a recent green […] Read more
New Hydrogen Powered Bus By Oil India Limited Updated On Mon, Jul 4th, 2022 by Saurenergy State owned energy player, Oil India Limited (OIL) has announced that it has completed beta demonstration of its hydrogen powered bus developed by Ohm Cleantech. The innovation took place under ‘Startup Nurturing, Enabling and Handholding (SNEH)’ programme of OIL in Pune. It’s a 9-meter bus empowered by a 60kW PEM Fuel Cell engine for electric […] Read more
“Corporates Will Be key To Meeting India’s 450 GW Renewables Aspiration” Updated On Fri, Jul 1st, 2022 by Saurenergy Srinivasan Viswanathan, CEO of Vibrant Energy is looking ahead to a great run for the firm, as the market continues to open up and throw up new opportunities. Backed by Macquarie capital’s Blueleaf Energy which owns a majority stake in the firm, Vibrant is focused on the corporate market for renewables, with a stress on […] Read more
CERC Allows ACME Petition To Qualify Entry Tax As Change In Law Updated On Fri, Jul 1st, 2022 by Saurenergy The Central Electricity Regulatory Commission allowed on June 29 the petition moved by ACME praying for declaring the Entry Tax as Change In Law defined in the statutes. The three judges panel of I. S. Jha, Arun Goyal and P. K. Singh, also ordered the stay of collection of entry tax pursuant from the petitioner […] Read more
Irish Study Says Rooftop Solar Panels Can Produce 1/4 th Of Total Electricity Needed Updated On Fri, Jul 1st, 2022 by Saurenergy A quarter of total electricity needed by Irish households can be produced by installing solar panels on the domestic rooftops. Conducted by the climate scientists at University College Cork, Ireland, this was the conclusion of the study after the team had thoroughly examined every rooftop in the country using satellite imagery and weather data for […] Read more
Regulator Extends Rs 12 Cap On Traded Electricity To Sep 30 On Power Exchanges Updated On Fri, Jul 1st, 2022 by Saurenergy The Central Electricity Regulatory Commission (CERC), which had in an order on May 6 directed the Power Exchanges to cap power trading prices at Rs 12 till June 30, has extended the order to September 30 now. The order applies to trading in the Day Ahead market (DAM including Green DAM), RTM, Intra-day, Day Ahead […] Read more
