OMERS Infrastructure to Pay $219 M for 19.4% Stake in Azure Power Updated On Mon, Aug 2nd, 2021 by Saurenergy Canada-based OMERS Infrastructure recently announced that it has signed a Stock Purchase Agreement to acquire from International Finance Corporation and IFC GIF Investment Company I an approximately 19.4% stake in Azure Power Global Limited, for a total consideration of approximately US$219 million. Founded in 2008, Azure Power is a leading independent renewable power producer located […] Read more
CESL Signs Agreement with HPCL to Set up EV Charging Infra Updated On Fri, Jul 30th, 2021 by Saurenergy Convergence Energy Services limited (CESL), a wholly owned subsidiary of Energy Efficiency Services Limited (EESL), has signed an agreement with Hindustan Petroleum Corporation Limited (HPCL) for setting up of charging infrastructure in select retail outlets in several cities across the country. Spanning 10 years, the agreement entails CESL and HPCL to jointly undertake setting up […] Read more
AEMO Plans 5 Energy Scenarios for Net Zero Latest by 2050 Updated On Fri, Jul 30th, 2021 by Saurenergy The Australian Energy Market Operator (AEMO) has published its “2021 Inputs, Assumptions and Scenarios Report” (IASR) incorporating five future energy scenarios which will inform AEMO’s 2022 Integrated System Plan (ISP). One of these scenarios, Hydrogen Superpower, comprises a zero emissions grid by 2035. The five scenarios are Slow Change, Steady Progress, Net Zero 2050, Step Change, […] Read more
Cell Propulsion Launches Li-ion Battery Facility in Bengaluru Updated On Fri, Jul 30th, 2021 by Saurenergy Bengaluru-based mobility and EV technology startup Cell Propulsion has launched its pilot production line for Li-ion batteries at a facility which has a maximum output of 500kWh/month. The cells will be used in the company’s in-house light commercial electric vehicles. Founded by Nakul Kumar (CEO & Co-founder), Paras Kaushal (COO & Co-founder), and Supratim Nuskar (CTO), who […] Read more
Naturgy to Invest Over €9 M in Renewables by 2025 Updated On Fri, Jul 30th, 2021 by Saurenergy Spanish utilities company Naturgy plans to make investments worth 14 billion euros by 2025, of which approximately two-thirds will be earmarked towards boosting renewable generation, the company said while presenting its Strategic Plan (2021–2025) to the market. The second area of investment will be gas and electricity grids, mainly in Spain. In this period, the company […] Read more
80% of EV Owners Not Put Off by Charging Hassles, Finds Survey Updated On Fri, Jul 30th, 2021 by Saurenergy A recent survey conducted by Climate Trends and YouGov has found that while 80% of end users of electric vehicles do not find charging a hassle, for the remaining 20%, charging and infrastructure as the biggest barriers for adoption. Eye wateringly high fuel costs and better awareness of the pollution caused by them is probably […] Read more
China’s CATL Reveals the First-generation Sodium-ion Battery Updated On Thu, Jul 29th, 2021 by Saurenergy Chinese battery giant, Contemporary Amperex Technology Ltd (CATL) has today revealed the first of its Sodium-ion battery. At a launch event today, the battery maker also announced that it has planned to set up a supply chain for the new technology in 2023. Although the firm has not disclosed the prices of the battery yet, […] Read more
NTPC REL Calls Bids to Launch Green Hydrogen Fuelling Station in Leh Updated On Thu, Jul 29th, 2021 by Saurenergy National Thermal Power Corporation Renewable Energy Ltd (NTPC REL), NTPC’s wholly owned subsidiary, has invited a domestic tender to set up India’s first green hydrogen fuelling station in Leh, Ladakh. The sale of bid documents would commence from 31st July, 2021, the Ministry of Power has informed . The tender follows the recent tender floated […] Read more
Asia Held 92% Share in Global PV Module Production in 2020: Report Updated On Thu, Jul 29th, 2021 by Saurenergy The recently published Photovoltaics Report, produced under Dr. Simon Philipps (Fraunhofer ISE) and Werner Warmuth (PSE Projects GmbH), explores key details about the photovoltaics manufacturing sector at the end of 2020 in Germany, the European Union and worldwide, including Asia. The Fraunhofer Institute for Solar Energy Systems ISE, supported by PSE Projects GmbH, has been […] Read more
