CSP Startup Heliogen To Merge With SPAC Athena Technology Acquisition Corp Updated On Fri, Jul 9th, 2021 by Saurenergy In a late announcement yesterday, Athena Technology Acquisition Corp. said it is combining with Heliogen Inc., a provider of AI-enabled concentrated solar power. The move that will take Heliogen public, while providing the special purpose acquisition firm (Athena) a purpose finally. Following the business combination, Athena will be renamed Heliogen Inc. and remain listed on […] Read more
Norway Allocates $1.2 bn for RE Projects in Developing Nations Updated On Fri, Jul 9th, 2021 by Saurenergy The Norwegian government has announced the allocation of $1.16 billion over five years for a new fund that will invest in renewable energy in developing countries with the aim of reducing greenhouse gas emissions. Speaking about the new fund, Minister of International Development Dag-Inge Ulstein said, “It is part of the solution to some of […] Read more
Except Two, All Union Territories and Goa Fail to Meet RPO Targets FY21, Shows JERC’s Analysis Updated On Thu, Jul 8th, 2021 by Saurenergy Except Chandigarh and Andaman & Nicobar Islands, all other union territories and Goa have failed to achieve their solar renewable purchase obligation (RPO) targets, shows the Joint Electricity Regulatory Commission (JERC)’s analysis of RPO targets for 2020-21 based on the data received from the regions under its jurisdiction. The full analysis can be accessed here. […] Read more
With Elevation To Cabinet Rank, Performance Rewarded For R.K. Singh Updated On Thu, Jul 8th, 2021 by Saurenergy For R.K Singh, the former IAS (Indian Administrative Service) officer who was first inducted as the Minister of State For Power in PM Modi’s cabinet back in September 2017, the rise to cabinet rank in under 48 months has been marked with some huge milestones. The latest jump makes him a key ‘doer’ in the […] Read more
Local Firm to Set Up 100 MW Solar Plant in Botswana Updated On Thu, Jul 8th, 2021 by Saurenergy The Botswana energy regulator has granted a generation licence for a 100 MW solar project to local firm Shumba Energy, making it the first independent power producer to set up a large scale solar plant in the country, according to media reports. This landlocked country in Southern Africa does not currently have large scale solar […] Read more
CESL Invites Bids from OEMs to get Empaneled for Supply of E-rickshaws Updated On Thu, Jul 8th, 2021 by Saurenergy Convergence Energy Services Limited (CESL) has issued an expression of interest (EoI) to empanel original equipment manufacturers (OEMs) to supply electric three-wheelers (e-rickshaws) in India. While the pre bid meeting will be held on July 13, the deadline for bid submission is July 26, 2021, on which bid opening is also scheduled. CESL, a wholly-owned […] Read more
SE Asian Countries Have Strong Demand for 2 &3 Wheeler EV’s for Last Mile Delivery Updated On Wed, Jul 7th, 2021 by Saurenergy Introduction According to a World Economic Forum report, demand for urban last-mile delivery would increase by 78% by 2030, resulting in the deployment of 36% more delivery vehicles in the world’s top 100 cities. In most Southeast Asian countries, the use of last-mile deliveries has expanded dramatically in recent years. The rise of online retail […] Read more
Facebook Attained Net Zero Goal, 100% RE for Global Operations in 2020 Updated On Tue, Jun 22nd, 2021 by Saurenergy California-headquartered social media giant Facebook yesterday released its 2020 Sustainability Report, claiming that the company had met its goals of reaching net zero emissions and 100% renewable energy for its global operations. “We also reduced our greenhouse gas emissions by 94% from 2017 levels, exceeding our goal of a 75% reduction”, said the social media […] Read more
Sri Lanka To Purchase 75% Equipment from India For India-funded Projects Updated On Mon, Jun 21st, 2021 by Saurenergy Recently, we reported that India extended a USD 100 million Line of Credit (LOC) to Sri Lanka for various solar energy projects. Now, for those solar projects, Sri Lanka will purchase the equipment and materials from India itself. That USD 100 million LOC is a 15-year loan of a fixed rate of 1.75% and that […] Read more
