CEA Proposes ‘One Nation, One Licence’ Plan For Electrical Contractors Updated On Thu, Nov 23rd, 2023 by Saurenergy The Central Electricity Authority (CEA) issued an advisory to the concerned departments in the state to pave the way for a “One Nation, One Licence” plan for electrical contractors in the state engaged in different power and renewable projects. A series of meetings with the states follow this. The CEA, in its advisory, said that most Indian […] Read more
Australia Aims To Hike Its Power Capacity To 32 GW With New Investment Updated On Thu, Nov 23rd, 2023 by Saurenergy The Australian government recently announced the expansion of its existing Capacity Investment Scheme (CIS) and the National Energy Transformation Partnership (NETP), in conjunction with the states. It is set to expand the capital investment through CIS from the current pilot stage to 9 GW of dispatchable capacity and 23 GW of variable capacity nationally – […] Read more
Early Stage VC SeaFund Invests in 5 DeepTech Startups Updated On Tue, Nov 21st, 2023 by Saurenergy Early stage focused Seafund Ventures has invested INR 5 crore across five sustainability focused startups. The fund plans to invest 20% of its entire investible corpus in clean energy and the EV value chain including sectors like transportation, logistics and circular economy. SeaFund is currently raising its second fund with a target corpus of INR […] Read more
E-Mobility Startup Baaz Bikes Eyes New Subscription Models with $8 Mn Funding Updated On Tue, Nov 21st, 2023 by Saurenergy Baaz Bikes, an electric mobility platform that helps gig workers make deliveries by its in-house designed bikes supported by automated battery swapping infrastructure, has pocketed $8 Mn in its Series A funding round. The funding round was led by BIG Capital based in Singapore. It also saw participation from Japan-based Rakuten Capital, Kalaari Capital, 9Unicorns, […] Read more
Govt Amends Bidding Norms To Ease Early Starting Of Wind Projects Updated On Mon, Nov 20th, 2023 by Saurenergy The Ministry of Power recently notified a new resolution to amend the norms for tariff-based bidding process for procurement of wind power from the wind energy generators in the country. The new resolution paved the way for early clean energy production and distribution commencement. Earlier in 2023, the ministry had issued guidelines for tariff-based competitive bidding processes […] Read more
Top 5 Reasons Why India’s Power Demand Exceeded Projections Updated On Mon, Nov 20th, 2023 by Saurenergy India’s power demand has been rising steadily. The country’s higher than anticipated peak demand has been in the news, with peak demand touching a lifetime high of 223 GW in June 2023 when peak deficit touched 0.17 percent. As per the Load Generation Balance Report (LGBR) released by the Central Electricity Authority, the peak demand […] Read more
UK Supports Slumping Offshore Wind Sector With 66% Hike In Auction Prices Updated On Fri, Nov 17th, 2023 by Saurenergy The UK, which has been one of the largest offshore wind markets until now, has moved to limit the damage and recover lost ground after a series of offshore wind projects were threatened or cancelled. The projects in the UK, and other regions, notably the US, were all cancelled due to rising costs and maintainance […] Read more
Current Growth Insufficient To Meet Global Net Zero Targets: KPMG Report Updated On Thu, Nov 16th, 2023 by Saurenergy A latest report from KPMG said that current developments across the world were not enough to meet the net zero targets globally. It said that governments and industry must deliver transformative change on net zero but are currently hamstrung by significant barriers, including global public debt, domestic tensions, increased opposition to decarbonization plans, and the […] Read more
Borosil Hopes To See Resumption Of Anti-dumping Duties From 2024 Updated On Wed, Nov 15th, 2023 by Saurenergy Indian solar glass manufacturer Borosil Renewables is now hopeful of seeing a resumption of anti-dumping duties against the imports of solar glass. The company recently shared its views with investors in its latest investors call. In August 2022, the Union government relaxed the norms for imports of solar glass by discontinuing the anti-dumping duties. Borosil, in […] Read more
