GERC Revises Tariff To Rs 2.57 For 700 MW Project Between SECI, GUVNL Updated On Wed, Feb 21st, 2024 by Saurenergy Gujarat Electricity Regulation Commission (GERC) recently approved the power usage agreement signed by Gujarat Urja Vikas Nigam Limited (GUVNL) with Solar Energy Corporation of India Limited (SECIL). The agreement was undertaken for procurement of 700 MW power from their solar PV power plant that is to be set up under Ministry of New and Renewable […] Read more
IREDA To Establish Subsidiary For Retail Finance Updated On Wed, Feb 21st, 2024 by Saurenergy In a clear sign of its determination to go it alone if required for achieving solar rooftop targets, the Chairman and Managing Director (CMD) of Indian Renewable Energy Development Agency Ltd. (IREDA), Pradip Kumar Das has confirmed IREDA’s plans for establishing a subsidiary to cater to retail projects encompassing Rooftop Solar, PM-KUSUM, Electric Vehicles, and other […] Read more
PM Modi Launches Four RE Projects By Torrent Power At UP Summit Updated On Wed, Feb 21st, 2024 by Saurenergy At the recently held UP investors summit, Prime Minister Narendra Modi laid the foundation stone for four projects with an investment of approx. ₹ 25,000 crores being developed by Gujarat based Torrent Power in Uttar Pradesh. The Torrent Group’s four projects were launched during GroundBreaking Ceremony (GBC) 4.0, held at Lucknow when the Prime Minister […] Read more
Environmental Reason Behind Shift to EVs, Buyers In India Worried About Charging Time: Report Updated On Tue, Feb 20th, 2024 by Saurenergy The latest Global Automotive Consumer Study by Deloitte shows that when it comes to the usage of electric vehicles battery-related concerns persist higher among Indian consumers. The study showed that around 43 percent of car buyers in India say the time required to charge an electric vehicle is one of the greatest concerns regarding EVs. […] Read more
Sembcorp RE Acquisition In China, India Rose By 42% YoY In 2023 Updated On Tue, Feb 20th, 2024 by Saurenergy Singapore-based Sembcorp Industries (Sembcorp) recently posted a strong performance for the year of 2023 (FY2023). They recently announced that they made a turnover of S$7.0 billion compared to S$7.8 billion in FY2022. Sembcorp said, “The group net profit before exceptional items (EI) grew 38% year-on-year to S$1.0 billion from S$739 million in FY2022, with higher […] Read more
Assam Cuts Electric Vehicle Tax By 2 Percent Updated On Mon, Feb 19th, 2024 by Saurenergy Assam Government introduced 2% reduction in Motor Vehicle Tax and exemptions on registration fees for new electric vehicles in its recently released budget document for the 2024-25 session. State Government reviewed their commitment in last year’s budget, “The Apun Bahan scheme has been launched, providing male employees a 2% interest subsidy for diesel/petrol vehicles and […] Read more
JBM Supplies Another Set Of 300 Electric Buses To Delhi Updated On Mon, Feb 19th, 2024 by Saurenergy JBM has supplied another set of 300 ‘Ecolife’ electric buses to Delhi that were brought to services last week. With this delivery, the fleet of buses by JBM to Delhi to boost the presence of electric buses stands at 500 now. These buses were flagged off by Delhi LG Vinai Kumar Saxena, CM Arvind Kejriwal, […] Read more
World Bank Allocates $300 Mn For RE Projects in Eastern & Southern Africa Updated On Fri, Feb 16th, 2024 by Saurenergy The World Bank has extended a facility of close to $300 million to the Eastern and Southern African Trade and Development Bank (TDB), to support distributed renewable energy (DRE) and clean cooking private sector projects in eligible countries of the World Bank’s International Development Association (IDA) that are TDB member states. This new facility follows […] Read more
DhaSh PV Technologies To Invest Rs 346.35 Crore In Karnataka RE Projects Updated On Fri, Feb 16th, 2024 by Saurenergy Bengaluru-based sustainable solutions company DhaSh PV Technologies has announced an investment of Rs 346.35 crore towards various renewable energy projects to harness renewable energy sources. In a post on Linkedin, the company stated, “This significant investment by us into an Integrated Junction box including DC connections manufacturing facility, not only reflects our commitment to renewable […] Read more
