IREDA experienced lowest revenue growth in last 15 years Updated On Tue, Dec 15th, 2020 by Saurenergy Indian Renewable Energy Development Agency (IREDA) has signed a Memorandum of Understanding (MoU) with the Ministry of New and Renewable Energy (MNRE) on 2 November 2020 and set a revenue target of Rs 2,406 crore for 2020-21. The exercise is a standard practice among all government backed PSU’s. With this, it is looking forward to a 1.6 […] Read more
Mercedes-Benz announces six new EQ EV Launches by 2022 Updated On Tue, Dec 15th, 2020 by Saurenergy Mercedes-Benz is running towards the complete Electrification of its products, targeting to achieve the “Ambition 2039” and zero CO₂ emission. The firm is integrating its Mercedes-EQ models into series production in its existing plants. The six launches from different Mercedes-Benz plants include: The first electric luxury sedan EQS production from Mercedes-Benz will start in the […] Read more
RWE Sells 51% Stake in 4 Texas Wind Farms to Algonquin Subsidiary for $600 Mn Updated On Tue, Dec 15th, 2020 by Saurenergy RWE has signed an agreement with a subsidiary of Algonquin Power to sell a 51 percent stake in four of its onshore wind farms in Texas Leading renewable energy company RWE has announced that it has signed an agreement with a subsidiary of Algonquin Power & Utilities Corp to sell a 51 percent stake in […] Read more
With Member Law Finally In, CERC Looks To Restart Soon Updated On Mon, Dec 14th, 2020 by Saurenergy With the appointments committee of the cabinet finally approving the selection of Pravas Kumar Singh as Member (law) for the Central Electricity Regulatory Commission (CERC), the stage is finally set for restart of operations at the critical regulator, in hibernation since August 28. As we have reported regularly with updates, the body was effectively shut […] Read more
Britishvolt Finalises Site For Britain’s First Battery Gigaplant Updated On Fri, Dec 11th, 2020 by Saurenergy Britishvolt, which had signed an MOU for the country’s first Gigaplant sometime back, has finally identified a site at Blyth, Northumberland for the plant. With an investment of 2.6 billion Euros, construction is expected to start in the second quarter of 2021. The massive plant is seen as vital to supporting the UK’s push for […] Read more
763.47 MW Added in November, India’s Total RE Capacity Surpasses 90 GW Updated On Fri, Dec 11th, 2020 by Saurenergy India’s renewable energy (RE) capacity has surpassed the 90 GW mark, with 763.47 MW of new capacity added during the penultimate month of 2020. The Ministry of New and Renewable Energy (MNRE) has issued a monthly summary for the Cabinet for the month of November 2020, detailing all the events and development that took place […] Read more
Can China Become ‘Carbon Neutral’ by 2060? Updated On Thu, Dec 10th, 2020 by Saurenergy Imagine China, the world’s top emitter of carbon emissions, which in 2019 released nearly double the emissions of the US which has barely any coal power plants. Now imagine it with zero gasoline-powered cars, and with more than four times the 1,200 gigawatts of solar and wind power capacity installed across the world today. This […] Read more
India Drops to 2nd, Chile Takes No.1 on Climatescope Emerging Markets Ranking Updated On Thu, Dec 10th, 2020 by Saurenergy India dropped back down to 2nd position, as Chile regained the top spot back in the latest Climatescope survey ranking by BNEF India, after topping BNEF’s Climatescope Emerging Markets Ranking in 2019, has dropped back down to second position in the latest Climatescope survey released by BNEF. Chile, which was ranked 2nd in last year’s […] Read more
STMicroelectronics to be Carbon Neutral by 2027 Updated On Thu, Dec 10th, 2020 by Saurenergy STMicroelectronics, a global semiconductor leader serving customers across the spectrum of electronics applications, announced its goal to become carbon neutral by 2027, the earliest date anticipated for any semiconductor company globally. ST’s comprehensive roadmap to carbon neutrality includes two specific targets: compliance with the 1.5°C scenario defined at the Paris COP21 by 2025, which implies […] Read more
