Syngene Announces Acquisition of 26% Stake in Ampyr Updated On Wed, Jul 13th, 2022 by Saurenergy The corporate sector is bullish about investments in the renewable sector reasoned by the availability of cheap power and compulsions under ESG ambitions. In a latest development, Syngene International has revealed that it is looking to acquire up to 26 per cent equity stake in Ampyr Renewable Energy Resources Eleven, which is a SPV formed […] Read more
CEEW & Villgro Join Hands to Foster SHSPs In Villages Updated On Wed, Jul 13th, 2022 by Saurenergy A USD 3 million initiative introduction by Council On Energy, Environment & Water (CEEW) and Villgro, one of the world’s largest social enterprise, Powering Livelihoods is paving the way to bring clean energy-based solutions to the rural economy in a gender-inclusive manner. Powering Livelihoods works with enterprises developing innovative appliances, such as Sub-HP solar pumps, […] Read more
Delhi’s Roads Get New 200 EV Three Wheelers From Three Wheels United Updated On Wed, Jul 6th, 2022 by Saurenergy Karnataka-based EV tech-enhanced financier, Three Wheels United (TWU) is strengthening its presence in the Delhi EV industry with the deployment of 200 EV three-wheelers in its fleet. To make the transition from conventional to EV three-wheelers as seamless as possible, Three Wheels United has been actively engaging with Delhi auto-rickshaw drivers over the past few […] Read more
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
ACME Green Hydrogen Will Invest Rs 52,474 Crore In Tamil Nadu Updated On Tue, Jul 5th, 2022 by Saurenergy ACME Green Hydrogen and Chemicals Pvt. Ltd. will be constructing a green ammonia and green hydrogen manufacturing plant in Tamil Nadu with an investment of Rs 52,474 crore. The facility is planned for the port town of Thoothukudi. The Tamil Nadu government has signed 60 MoUs with many companies at the Tamil Nadu Investors’ First […] 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
IH2A’s Green Hydrogen Hub Plan For India Updated On Fri, Jul 1st, 2022 by Saurenergy Industry body India Hydrogen Alliance (IH2A), a coalition of firms focused on India’s green hydrogen pathways with Chart industries, Reliance Industries and JSW Steel as key members, has a plan for the government. IH2A has proposed a 25/25 National Green Hydrogen Hub Development Plan for creation of 25 National Green Hydrogen Projects and Five National […] Read more
Biocon, Hindalco Declare Investments In Renewable Energy Updated On Thu, Jun 30th, 2022 by Saurenergy The investments in the renewable energy sector by the corporate sector continue to pick up pace on the back of lower energy costs from renewables and ESG led actions. Biocon – a biotechnology major – has announced that it has acquired 26 per cent stake in AMPYR Renewable Energy Resources Eleven Private Ltd for Rs […] Read more
Mecwin India Invests Rs 50 Cr to Set Up New Manufacturing Unit Updated On Wed, Jun 29th, 2022 by Saurenergy Bangalore-based EV start-up, Mecwin India has announced a new manufacturing unit in Bengaluru, Karnataka for EV motors and controllers. The firm is going to invest Rs 50 Cr in this manufacturing unit, it claims. According to the company’s statement, Bengaluru’s production plant for domestic EV motors and controllers will be up and running by the […] Read more
