PM Modi Launches Four RE Projects By Torrent Power At UP Summit Updated On Wed, Feb 21st, 2024 by Saurenergy At the recently held UP investors summit, Prime Minister Narendra Modi laid the foundation stone for four projects with an investment of approx. ₹ 25,000 crores being developed by Gujarat based Torrent Power in Uttar Pradesh. The Torrent Group’s four projects were launched during GroundBreaking Ceremony (GBC) 4.0, held at Lucknow when the Prime Minister […] Read more
GlobalFoundries, Biden Admin Announces $1.5 Bn Funding For CHIPS & Science Act Updated On Tue, Feb 20th, 2024 by Saurenergy The US Department of Commerce recently announced $1.5 billion in planned direct funding for GlobalFoundries (GF) as part of the US CHIPS and Science Act. GF claims to expand and create new manufacturing capacity through this investment. It estimates to expand it capabilities and securely produce more essential chips for automotive, IoT, aerospace, defense, and […] Read more
Environmental Reason Behind Shift to EVs, Buyers In India Worried About Charging Time: Report Updated On Tue, Feb 20th, 2024 by Saurenergy The latest Global Automotive Consumer Study by Deloitte shows that when it comes to the usage of electric vehicles battery-related concerns persist higher among Indian consumers. The study showed that around 43 percent of car buyers in India say the time required to charge an electric vehicle is one of the greatest concerns regarding EVs. […] Read more
Sembcorp RE Acquisition In China, India Rose By 42% YoY In 2023 Updated On Tue, Feb 20th, 2024 by Saurenergy Singapore-based Sembcorp Industries (Sembcorp) recently posted a strong performance for the year of 2023 (FY2023). They recently announced that they made a turnover of S$7.0 billion compared to S$7.8 billion in FY2022. Sembcorp said, “The group net profit before exceptional items (EI) grew 38% year-on-year to S$1.0 billion from S$739 million in FY2022, with higher […] Read more
WBSEDCL Issues Tender For 10-MW Solar Power Project Updated On Tue, Feb 20th, 2024 by Saurenergy The West Bengal State Electricity Distribution Company (WBSEDCL) has issued tender seeking bids for the construction of a 10 MW solar power facility on a turnkey basis along the Teesta Canal bank in the Uttar Dinajpur district of West Bengal. The WBSEDCL tender says that the deadline for bid submissions is March 7, 2024, with […] Read more
Yokogawa Provides Remote Monitoring System For 112-MW Offshore Wind Farm in Japan Updated On Mon, Feb 19th, 2024 by Saurenergy Yokogawa Electric Corporation has announced that its subsidiary Yokogawa Solution Service Corporation has completed the design, supply, and commissioning of a remote operation and monitoring system based on the OpreX Collaborative Information Server for the offshore wind turbines and onshore facilities at the 112-MW Ishikari Bay New Port Offshore Wind Farm. The company has also […] Read more
Assam Cuts Electric Vehicle Tax By 2 Percent Updated On Mon, Feb 19th, 2024 by Saurenergy Assam Government introduced 2% reduction in Motor Vehicle Tax and exemptions on registration fees for new electric vehicles in its recently released budget document for the 2024-25 session. State Government reviewed their commitment in last year’s budget, “The Apun Bahan scheme has been launched, providing male employees a 2% interest subsidy for diesel/petrol vehicles and […] Read more
Vattenfall Inks Deal With Evonik To Supply Solar Power For Chemical Production in Germany Updated On Mon, Feb 19th, 2024 by Saurenergy Germany-based energy supplier company Vattenfall has signed a PPA with specialty chemicals company Evonik that concluded new long-term electricity supply contracts. From 2025, two Vattenfall solar parks in Schleswig-Holstein will supply Evonik with around 120 gigawatt hours of solar power per year for chemical production. The contracts have a term of ten years and fixed […] Read more
DhaSh PV Technologies To Invest Rs 346.35 Crore In Karnataka RE Projects Updated On Fri, Feb 16th, 2024 by Saurenergy Bengaluru-based sustainable solutions company DhaSh PV Technologies has announced an investment of Rs 346.35 crore towards various renewable energy projects to harness renewable energy sources. In a post on Linkedin, the company stated, “This significant investment by us into an Integrated Junction box including DC connections manufacturing facility, not only reflects our commitment to renewable […] Read more
