HDFC Bank to Make Significant Investments in EV Loans Updated On Tue, Nov 22nd, 2022 by Saurenergy Despite certain setbacks on the level of the auto industry, HDFC Bank is seeking to triple its financing for electric vehicle (EV) purchases in the next three years. This is due to an early assessment that lending is proving to be profitable. The banking institution aims to triple the ebook dimension by 2025 after initially […] Read more
Tata Power Solar & Union Bank Collaborate to Finance Rooftop Solar for MSMEs Updated On Thu, Nov 17th, 2022 by Saurenergy One of India’s oldest and largest public sector banks, Union Bank of India (UBI) has partnered with Tata Power Solar Systems Limited (TPSSL) to support the MSME (Micro, Small, and Medium Enterprises) sector’s transition to solar energy (Finance Rooftop Solar). Tata Power Solar Systems Limited (TPSSL) is a wholly-owned subsidiary of Tata Power Renewable Energy […] Read more
Corporate Renewable Procurement of 7 GW Sets New Record in Asia Pacific Updated On Thu, Nov 10th, 2022 by Saurenergy A study authored by Kyeongho (Ken) Lee, Principal Analyst, Asia Pacific Power & Renewables at Wood Mackenzie reveals that Corporations in Asia Pacific are set to contract a record 7 GW of renewable capacity in 2022. This is an 80% increase on 2021 as markets emerge from pandemic-related disruptions. Demand is largely driven by ambitious […] Read more
Three Firms That Have Surprised Us With Their Plunge Into EV Charging Updated On Wed, Nov 9th, 2022 by Saurenergy The EV charging business–fueling a car with electric power rather than petroleum-based gas or diesel – has always been a loss for oil companies who are being dragged into the electric future. It may not be that way anymore. With an increase of EVs on roads, many old industrial mammoths, especially major oil firms, are […] Read more
IEX Power Market Update For October- Prices Continue To Drop Updated On Fri, Nov 4th, 2022 by Saurenergy The Indian Energy Exchange, India’s premier energy exchange, achieved 7972 MU volume in October 2022, including Green Power trade of 403 MU, and 3.58 lac RECs (equivalent to 358 MU). The total volume on the Exchange in October’22 was lower by 13% on YoY basis due to high volume base of last year, and lower […] Read more
The Top 5: Largest EV Charging Station Companies In The World Updated On Fri, Nov 4th, 2022 by Saurenergy Fossil-fuels-based cars are getting replaced by fast-emerging electric vehicles (EVs) with sales of the latter increasing tremendously over the past decade, especially the last two years. As per the latest data, 2021 was a record-setting year as EV sales doubled to around 6.9 million EVs worldwide. The rise of EVs also saw the emergence of […] Read more
Indigenizing Solar Manufacturing: Charting the Course to a Solar Self-Sufficient India Updated On Tue, Nov 1st, 2022 by Saurenergy Building a strong solar manufacturing sector and supply chain in India will help support the economy and keep pace with rising domestic and global demand for affordable solar energy. Currently, the Indian solar manufacturing industry doesn’t have the capacity to produce PV modules to meet the majority of today’s domestic demand. With all that in […] Read more
iVOOMi Partners with Bajaj FinServ, L&T to Offer Easy Financing Solutions Updated On Fri, Oct 14th, 2022 by Saurenergy Pune-based electric two-wheeler manufacturer iVOOMi Energy recently partnered with Bajaj FinServ and L&T to promote the adoption of electric scooters through easy retail finance options to its consumers. iVOOMi and Bajaj FinServ have teamed to offer up to 100% EV finance at zero down payment with a minimum 7% interest rate to give customers viable […] Read more
Madhya Pradesh Eyes 50000 Cr Investment for RE Segment by 2027 Updated On Fri, Oct 14th, 2022 by Saurenergy Recently, Madhya Pradesh Government published the new renewable energy policy titled “Madhya Pradesh Renewable Energy Policy – 2022.” Madhya Pradesh government indicates investing Rs 15,000 crore and Rs 50000 crore for RE (renewable energy) generation industry. The state government plans to build four thousand (4,000) MW of renewable energy projects in the open access solar […] Read more
