AAP to Provide Scrapping Incentive Under Delhi EV Policy, Says Gadkari Updated On Tue, Mar 9th, 2021 by Saurenergy The Delhi government is providing scrapping incentives, including up to Rs 7,500 per vehicle for auto and light commercial vehicles, under Delhi Electric Vehicle (EV) Policy 2020, Parliament was informed on Monday. Road Transport, Highways, and MSMEs Minister Nitin Gadkari informed Rajya Sabha in a written reply, that “Under the provision, all leased/hired cars used […] Read more
The Hydrogen Roadmap to 2030. Updated On Tue, Mar 2nd, 2021 by Saurenergy Underpinned by a global shift of regulators, investors, and consumers towards decarbonisation, Hydrogen (H2) is receiving unprecedented interest and investments. And a new report developed collaboratively by the Hydrogen Council and McKinsey & Company, has tried to provide an overview of these developments in the hydrogen ecosystem. The report ‘Hydrogen Insights: A Perspective on Hydrogen […] Read more
Delhi Government to Transit Entire Vehicle Fleet to EVs in 6 Months Updated On Fri, Feb 26th, 2021 by Saurenergy The Finance Department of the Delhi Government has yesterday announced that the entire hired vehicle fleet of the government to be switched to Electric Vehicles (EVs) under a deadline of 6 months. The Policy Division of Finance Department has released an Office Memorandum, which reads “The Transport Department of Delhi has decided that all departments, […] Read more
ReNew Power to be Publicly Listed on the Nasdaq, Valued at $8Bn Updated On Thu, Feb 25th, 2021 by Saurenergy Sumant Sinha led Renew Power Private Limited, the country’s leading renewable energy generator has started the process to achieve a listing at the NASDAQ market in the US via the SPAC (Special Purpose Acquisition Company) route. As of December 2020, ReNew had a total capacity of close to 10 GW of wind and solar power […] Read more
Canadian Solar Closes Japan Green Infrastructure Fund at $208 Mn Updated On Thu, Feb 18th, 2021 by Saurenergy Canadian Solar has announced the successful close of the Japan Green Infrastructure Fund securing USD 208 million of committed capital Canadian Solar has announced the successful close of the Japan Green Infrastructure Fund (JGIF). Canadian Solar will partner with Macquarie Advisory & Capital Solutions (Macquarie), the advisory and capital markets arm of the Macquarie Group. Macquarie […] Read more
EESL Tenders for 1,88,000 Smart Meters for 2 Discoms in Rajasthan Updated On Tue, Feb 16th, 2021 by Saurenergy EESL has issued a tender for the procurement of 188,000 smart meters for deployment in the Jodhpur and Ajmer Discom areas of Rajasthan. Energy Efficiency Services Limited (EESL) has issued a tender, inviting bids from eligible vendors for the procurement of 188,000 smart meters for deployment in the Jodhpur and Ajmer Discom areas of Rajasthan. […] Read more
GreenCell to Invest 400 Cr for Deployment of 350 E-buses in UP Updated On Sat, Feb 6th, 2021 by Saurenergy GreenCell Mobility, backed by EverSource Capital, has announced on Thursday, that it is going to invest Rs. 400 crores in a consortium of PMI Electro Mobility Solutions, including the acquisition of 49 percent stake, for deploying 350 electric buses (e-buses) across Uttar Pradesh. Electric mobility solutions provider, GreenCell claims that it has acquired stakes in […] Read more
Solar Industry Hoping for More Elaborate Support From Union Budget Updated On Tue, Feb 2nd, 2021 by Saurenergy The new Union Budget for 2021 has attracted positive responses from industries and the stock markets alike, appreciating the government’s attempt to revive the economy. Evident from our first story the power industry had also welcomed the broad direction, however, there also were some requests for specifics. In a similar tone, three solar industry majors […] Read more
‘Mobilising Finance for EVs in India’ Report by Niti Aayog Updated On Tue, Feb 2nd, 2021 by Saurenergy India has signalled that the future of mobility is electric. The economics of vehicle electrification are improving, with battery pack prices decreasing from about Rs 75,000/kWh in 2010 to Rs 13,000/kWh in 2019. Despite a dip in EV sales in 2020, due to the economic effects of COVID-19, confidence in India’s EV future will continue […] Read more
