The PM Free Solar Power Scheme- Challenges Ahead Updated On Thu, Mar 14th, 2024 by Saurenergy The Pradhan Mantri Surya Ghar: Muft Bijli Yojna (PMMBY), going by the hype around it, has achieved one of its key objectives already. Perhaps no other announcement around solar has triggered the sort of coverage and expectations like this single announcement from Prime Minister Narendra Modi to power 10 million households across India with solar […] Read more
Govt Allocates Rs 500cr To Boost Electric Two & Three Wheelers Updated On Thu, Mar 14th, 2024 by Saurenergy The Ministry of Heavy Industries has now issued a notification to start a new scheme (Electric Mobility Promotion Scheme) especially dedicated to the promotion of electric two and three wheelers. As per the government notification, the scheme will be valid only for four months from April 1, 2024 to July 31, 2024. The ministry has […] Read more
GAIL Issues Tender For Solar Plants Across Locations In India Updated On Wed, Mar 13th, 2024 by Saurenergy State-owned natural gas processing and distribution company GAIL has issued a tender inviting bids for the design, supply, installation, testing, commissioning, and operation & maintenance (O&M) of rooftop and land-based solar energy plants at multiple locations. The deadline for bid submission is April 2, 2024, with bid opening scheduled for the next day. Bidders must […] Read more
Greaves Finance, Muthoot Capital Sign Co-Lending Deal To Finance EVs Updated On Wed, Mar 13th, 2024 by Saurenergy Greaves Finance Limited an ev-focused lending platform partnered with Muthoot Capital Services Limited (MCSL) a non-banking financial company (NBFCs) to enter a co-lending arrangement. This arrangement has been made to increase the availability of electric two-wheeler financing solutions across India. Greaves Finance Limited is a non-banking financial company (NBFC) and a wholly owned subsidiary of […] Read more
Hartek Group Appoints Sanjay Kumar As CEO for Power & Renewable Infra Business Updated On Wed, Mar 13th, 2024 by Saurenergy EPC company Hartek Group announced the appointment of Sanjay Kumar as the new CEO for the Power and Renewable Infra Business. “With a distinguished career spanning various leadership roles in the renewable energy sector, Mr. Kumar brings a wealth of experience and a proven track record of success to his new role” stated the company […] Read more
Equinor Commissions 531 MW Brazil Solar Farm Updated On Wed, Mar 13th, 2024 by Saurenergy A Norway-based international energy company Equinor has commenced the operation of the 531 MW Mendubim solar plant in Brazil. This has marked a 30% increase in Equinor’s equity power production in Brazil. Mendubim will annually produce 1.2 TWh of power. Around 60% of the power will be sold on a 20-year USD-denominated power purchase agreement […] Read more
India’s Subsidies For Fossil Fuels 5 Times Higher Than For Clean Energy: IISD Updated On Wed, Mar 13th, 2024 by Saurenergy The 2022 global energy crisis and India’s growing energy demand have led the country to adopt a hybrid approach, expanding all forms of supply in 2023. This approach has pushed India’s total energy subsidies to a 9-year high of INR 3.2 lakh crore (USD 39.3 billion) for the fiscal year ending 2023 (FY 2023), new […] Read more
Servotech EV Appoints Prem Prakash As CEO, Neeraj Gupta As AVP Operations Updated On Wed, Mar 13th, 2024 by Saurenergy Servotech EV Infra has announced the appointment of Prem Prakash as its Chief Executive Officer (CEO) and Neeraj Gupta as its AVP Operations. Prem Prakash, with a career spanning 22 years across diverse industries, including consumer durables, FMCG, media and entertainment, E-Commerce, fintech and is expected to successfully take the company to a new level. […] Read more
MSEDCL Approves Maharashtra’s Procurement Of 7,783 MW Solar Energy Updated On Wed, Mar 13th, 2024 by Saurenergy Maharashtra State Electricity Distribution Company Ltd. (MSEDCL) recently approved the procurement of 7783 MW on a long-term basis at a tariff of Rs 2.90 to 3.10/kWh from solar generators. The commission also allows MSEDCL to procure additional power up to 2000 MW under subsequent rounds of bidding under MSKVY 2.0 subject to the condition that […] Read more
