EV Sales to Fall 18% in 2020, Long Term Prospects Unharmed: BNEF Updated On Wed, May 20th, 2020 by Saurenergy Sales of electric vehicles (EV) are forecast to fall 18% in 2020, to 1.7 million worldwide – with the pandemic interrupting 10 successive years of strong growth. Sales of electric passenger vehicles (EV) are forecast to fall 18 percent in 2020, to 1.7 million worldwide – with the coronavirus crisis interrupting ten successive years of […] Read more
MNRE Urges SERCs to Allow Online Petition Listing, Start Hearing via Video Conferencing Updated On Tue, May 19th, 2020 by Saurenergy In order to provide support to the renewable sector in regularizing the matters at SERCs and to safeguard the ongoing investment in the country, the Ministry of New and Renewable Energy (MNRE) has requested all the State Electricity Regulatory Commissions (SERCs) to consider allowing filing and listing of petitions online and hear urgent matters through […] Read more
Alternative Reality Ripe for Enterprise Adoption: GlobalData Updated On Mon, May 18th, 2020 by Saurenergy The rising number of enterprises is leveraging immersive technologies such as augmented reality (AR) and virtual reality (VR) in order to improve their operational efficiency, lower costs and overcome skilled labour shortage, said the data and analytics company. Commenting on the matter, Venkata Naveen, Disruptive Tech Analyst at GlobalData, said that “by combining the virtual […] Read more
Grid (In) Stability in Focus At Accenture’s Digitally Able Grid Survey Updated On Mon, May 18th, 2020 by Saurenergy More than nine in 10 executives (95%) believe that climate change due to greenhouse gas emissions has been a contributing factor to increased extreme weather events that their electricity networks have experienced over the past 10 years, according to new research from Accenture. In addition, 90% believe an expected rise in severe weather poses an […] Read more
The Power Minister and Power Honchos In Virtual Open House. Report Updated On Fri, May 15th, 2020 by Saurenergy At a virtual meet organized by the Confederation of Indian Industry (CII) today, Shri R.K. Singh, Minister for Power, New and Renewable Energy joined leaders from the power sector for a frank and open discussion on the key issues facing the sector. Broadcast live on Youtube, the discussion made for a great example of engagement […] Read more
Solis to Raise $100 M and Double Production Capacity to 20 GW Updated On Fri, May 15th, 2020 by Saurenergy Ginlong Technologies (Solis), a global leader in photovoltaic string inverter manufacturing, has announced its plans to raise over USD 100 million Ginlong Technologies (Solis), a global leader in photovoltaic string inverter manufacturing, has announced its plans to raise over USD 100 million (~700 million Chinese Yuan), through a non-public offering to finance the expansion of […] Read more
EDPR Wins Case to Resume Work on 100 MW Wind Project in Ontario Updated On Fri, May 15th, 2020 by Saurenergy EDPR has announced that the Ontario Superior Court of Justice has reinstated the Renewable Energy Approval (REA) for the firms’ 100 MW Nation Rise Wind Farm EDP Renewables (EDPR) Canada, a wholly-owned subsidiary of EDPR, has announced that the Ontario Superior Court of Justice (Divisional Court) has granted EDPR’s judicial review application in ‘Nation Rise Wind […] Read more
Discoms to get Loans at low Rates to pay Back Gencos: RK Singh Updated On Fri, May 15th, 2020 by Saurenergy Discoms will be offered loans at cheaper rates by state-owned power sector financing companies for clearing their dues towards Gencos, RK Singh has said. Financially stressed Discoms will be offered loans at cheaper rates of 8.5 to 9 percent for a 10-year period by state-owned power sector financing companies PFC and REC for clearing their dues towards power generation companies (Gencos), Power and Renewable Energy Minister RK Singh […] Read more
Discoms’ Liquidity Infusion via Loan Positive for Gencos, But Losses to Shoot Up by Rs 270 Bn in FY21: ICRA Updated On Thu, May 14th, 2020 by Saurenergy Government’s Rs 900 billion liquidity support under Atmanirbhar Bharat package for state power distribution utilities (Discoms) is a much welcome measure, said ICRA a leading credit rating agency. However, this liquidity infusion in Discoms will be in the form of loans against receivables, from major power sector lenders Power Financial Corporation (PFC) and Rural Electrification […] Read more
