Saudi Arabia To The Rescue For Chinese Renewable Majors Updated On Wed, Jul 24th, 2024 by Saurenergy Hit by domestic overcapacity and sanctions in the US and other key markets, China’s leading green energy firms are looking to the Middle East to fill the holes. As the world’s largest solar and wind market, with the manufacturing capacity to boot, Chinese firms have been well established as global suppliers across every major market, […] Read more
BrightNight Australia Links Mortlake Energy Hub To National Grid Updated On Wed, Jul 24th, 2024 by Saurenergy Australian Energy Market Operator (AEMO) recently approved the connection of BrightNight’s 360 Mega Watt (MW) Mortlake Energy Hub (a hybrid renewable energy project) to the National Electricity Market, to support Australia’s decarbonization efforts. Australia wants to go net-zero by 2050 and has plans to ensure 82% electricity capacities in their grid from renewable sources by […] Read more
Budget 2024 Announcements On PSP, Thermal- Hit Or Miss? Updated On Wed, Jul 24th, 2024 by Saurenergy As the dust settles on the budget announcements, by all accounts the budget continues to lose relevance in terms of the sort of disruptive changes it could bring earlier. For the renewable sector, that means even as the loud clamor for a reduction of GST rate on equipment like turbines and modules from 12% to […] Read more
Budget: Provision For Critical Minerals, Lithium To Boost EV Growth Updated On Tue, Jul 23rd, 2024 by Saurenergy The latest budget announced by Union Finance Nirmala Sitharaman announced several interventions that can fuel the growth of Electric Vehicles (EVs) and battery industries across the country. In the recent budget released by the minister in the Parliament, she announced to reduction the Basic Customs Duty (BCD) to zero on critical minerals and numerous components. […] Read more
What The Green Industries Said About Budget 2024? Updated On Tue, Jul 23rd, 2024 by Saurenergy Hours after Finance Minister Nirmala Sitharaman announced the Union Budget 2024, the industry leaders also reacted to the budget announcements. Many of them talked about the benefits and challenges of the industry in the light of the announcements. The minister, in her budget speech talked about imposing Customs Duty on solar glass imports and include […] Read more
Gujarat: Gensol Bags Rs 600cr Order From PGVCL For PV Project Updated On Tue, Jul 23rd, 2024 by Saurenergy Gensol Engineering won the bid for 116 MW (150 MWp) of solar projects in Gujarat with an estimated revenue of around Rs 600 crore. These projects will be distributed across 27 diverse locations, all under the purview of Paschim Gujarat Vij Company Ltd.(PGVCL), the state electricity distribution company. Gensol Engineering is a Gujarat-based solar power […] Read more
Jakson Green Secures Rs 2.96bn Credit Facility From First Abu Dhabi Bank Updated On Mon, Jul 22nd, 2024 by Saurenergy Jakson Green Private Limited, a new energy transition platform, has secured a credit facility of Rs 2.96 billion from First Abu Dhabi Bank (Mumbai). The company said that this financing will fuel the company’s international expansion, with Uzbekistan serving as the first beneficiary for its upcoming solar photovoltaic (PV) and battery storage project. “As Jakson […] Read more
What The Renewable Industry Expects From Union Budget? Updated On Fri, Jul 19th, 2024 by Saurenergy Days ahead of the Union Budget 2024, the Indian renewable energy companies have pinned their hopes on the event. A number of green companies have shared their expectations from the budget. Several of them batted for attention of better taxation regime, working on the hurdles for the green companies and suggested several means that can […] Read more
Waaree To Start Module Production In US From Sept: Hitesh Doshi Updated On Thu, Jul 18th, 2024 by Saurenergy From an initial module manufacturing capacity of 30 MW in Surat in 2007, Waaree Energies has come a long way indeed. And helming the company through that journey from 30 MW to 12 GW now, and counting, is its founder and CMD, Dr. Hitesh Doshi. Dr. Doshi has not only seen the solar sector take […] Read more
