UK to Pump $1.2 B into Green Projects in India: 11th Eco & Fin Dialogue Updated On Fri, Sep 3rd, 2021 by Saurenergy At the 11th India-UK Economic and Financial Dialogue (EFD) held yesterday, Finance Minister Nirmala Sitharaman and UK Chancellor Rishi Sunak signed off a $1.2 billion package of public and private investment in green projects and renewable energy to boost India’s green growth ambitions. The dialogue saw the announcement of new steps to tackle climate change […] Read more
SECI’s 1200 MW Tranche XI Wind Tender Sees Winning Bids at Rs 2.69/Unit Updated On Fri, Sep 3rd, 2021 by Saurenergy Wind Energy continues to charge up in 2021, with SECI’s Tranche XI tender attracting winning bids at Rs 2.69/unit. The winning firms this time were ReNew Power (300 MW), Sembcorp through its subsidiary Green Wind Infra Energy (180 MW), Evergreen Power through Anupavan Renewables (150 MW). Adani Green scooped up the largest parcel of 450 […] Read more
HOP Electric Mobility Starts Setting Up 2nd Unit in Jaipur Updated On Thu, Sep 2nd, 2021 by Saurenergy Jaipur-based two-wheeler maker HOP Electric Mobility is planning to expand its presence in multiple states, including Rajasthan, Punjab, Haryana, Uttar Pradesh, Gujarat, Telangana, Madhya Pradesh, Bihar and West Bengal. The company is setting up its second manufacturing facility in Jaipur to add capacity of 1.5 lacs units per year by February 2022. The company already has […] Read more
Developing Energy Storage Key for India’s Decarbonisation, finds Study Updated On Thu, Sep 2nd, 2021 by Saurenergy In order to achieve its target of 450 GW of wind and solar by 2030, India’s wind and solar capacity must grow 20% year-over-year between 2022 and 2030. Developing energy storage is a key avenue for increasing India’s power system flexibility and the share of renewables and ultimately enabling India’s decarbonisation, finds a new study by the […] Read more
Cheaper Land On Agenda For US Admin For Solar and Wind Projects Updated On Thu, Sep 2nd, 2021 by Saurenergy Cheaper access to land for solar and wind projects has become a key tool for the US administration of President Joe Biden to drive growth in solar and wind capacity. With renewable energy a key pillar of the ‘green new deal’ to reduce emissions and decarbonise the US economy, the issues assumes significance at a […] Read more
Lowest Bid of $0.01332/kWh Reported in Chile’s Renewables Auction Updated On Thu, Sep 2nd, 2021 by Saurenergy The National Energy Commission of Chile (CNE) held a 2.31 TWh/year renewable energy auction last week, in which the lowest bid was submitted for $0.01332/kWh for a solar PV project. 29 bidders took part in the bidding process, which was conducted by Empresas Eléctricas AG and by Enel, to provide electricity to the National Electric System […] Read more
US Firm Kevala Raises $21 M in Series A Funding Round Updated On Wed, Sep 1st, 2021 by Saurenergy US energy data provider Kevala Inc. has raised $21 million in Series A funding round led by C5 Impact Partners LP (C5 Capital’s fund focused on data-driven technologies transforming critical infrastructure) and Thin Line Capital. Additional investors in the Series A round include senior energy sector executives Tom Werner, current Chairman and former CEO of […] Read more
Wind Energy Accounted for 42% New U.S. Capacity in 2020 Updated On Wed, Sep 1st, 2021 by Saurenergy More wind energy was installed in 2020 than any other energy source, accounting for 42% of new U.S. capacity, says the U.S. Department of Energy (DOE). By contrast, solar amounted to only 38% of new capacity last year. The U.S. wind industry supports 116,800 jobs. The DOE has released three reports showing record growth in […] Read more
Odisha EV Policy 2021: Targets 20% EV Registrations by Mid-decade Updated On Tue, Aug 31st, 2021 by Saurenergy The Odisha Government has released the Electric Vehicle (EV) Policy, 2021, which aims to accelerate the adoption of EVs, especially in the category of electric two-wheelers (E2W), three-wheelers (E3W), and light motor vehicles (E4W). The Government of India has adopted a National Electric Mobility Plan to cut its emission intensity by 35% below levels by […] Read more
