ReNew Announces $250 Million Share Buyback and Preliminary Results for Q3 FY’22 Updated On Thu, Feb 3rd, 2022 by Saurenergy Nasdaq listed ReNew Energy Global plc has announced that its Board of Directors has authorized a new $250 million share repurchase program to buy back Class A Ordinary Shares (“Share Repurchase Program”) in the capital of the Company. In addition, the Company is providing updates on certain financial metrics for the quarter and nine months ended December 31, […] Read more
MNRE Focus On Residential Rooftop, As National Portal for Subsidy, Net Metering In the Making Updated On Wed, Feb 2nd, 2022 by Saurenergy The Ministry and New and Renewable Energy (MNRE) under Power Minister R.K. Singh finally seems to be paying heed to the crying need for attention from the rooftop solar sector. To give some speed to the reeling rooftop solar segment MNRE has issued a simplified procedure for residential consumers to get the rooftop solar plant […] Read more
RE Expansion Need Not Hinder Conservation Efforts, finds Study Updated On Wed, Feb 2nd, 2022 by Saurenergy A study led by the University of Southampton has found that the expansion of renewable energy (RE) production sites in the future won’t necessarily be a threat to protected areas of land. Researchers from Southampton studied if expanding land use requirements for wind and solar infrastructure would impact the ability to preserve biodiversity. They used […] Read more
Budget 2022. Domestic Manufacturers Smile, Rest Stay With Wait And Watch Updated On Tue, Feb 1st, 2022 by Saurenergy Finance Minister Nirmala Sitharaman’s Budget 2022 announcements for the renewable sector might have seemed relatively few beyond the key announcement of an additional Rs 19500 crore the PLI scheme, but industry players have focused on the many positives beyond that. Vineet Mittal, Chairman, Avaada Group, besides highlighting the PLI move and the announcement of green […] Read more
Jet Freight Deploys EVs in Last-mile Delivery for E-commerce Player Updated On Tue, Feb 1st, 2022 by Saurenergy Jet Freight Express, the domestic and hyperlocal service arm of Jet Freight Logistics, on Monday said it has deployed electric vehicles (EVs) in the last-mile delivery for an e-commerce player. The company in a statement on Monday said it plans to include more EVs to serve multinational companies as part of a global effort to […] Read more
Budget 2022. Keep Up The Good Work, Says FM To RE Sector Updated On Tue, Feb 1st, 2022 by Saurenergy In her shortest budget speech till date in four years, Finance Minister Nirmala Sitharaman stuck to the big picture, leaving the fine details of the budget to be understood later. It would be safe to say that with key reform measures still in the pipeline, such as the Electricity (Amendment Bill) Bill, we might see […] Read more
S Korea’s Doosan Heavy Unveils 8MW Offshore Wind Turbine Prototype Updated On Tue, Feb 1st, 2022 by Saurenergy South Korea-based Doosan Heavy Industries & Construction has announced that it has completed the implementation of the 8MW offshore wind turbine prototype at the Korea Wind Power Demonstration Center, South Jeolla Province. The commissioning process will be initiated at the end of this month, after which international certification for the wind turbine will be obtained […] Read more
Highlights from Economic Survey for RE Sector in 2021 Updated On Tue, Feb 1st, 2022 by Saurenergy The Economic Survey, which receded the annual budget of the government, is a widely anticipated document, seen more as a sort of white paper on what the government of the day considers its key achievements, and indications of the way ahead. To that extent, the latest Economic Survey document, all 442 pages of it in […] Read more
Mahindra Launches Electric Three-wheeler at Rs 1.44 lakh Updated On Mon, Jan 31st, 2022 by Saurenergy Bengaluru-headquartered Mahindra Electric Mobility has launched its new electric three-wheeler e-Alfa Cargo, priced at Rs 1.44 lakh (ex-showroom Delhi). The launch of the e-Alfa Cargo marks the company’s entry into the rapidly growing e-cart segment, said Mahindra. Formerly known as the Reva Electric Car Company, Mahindra e-Mobility’s EV portfolio also includes 3w Treo, sedan eVerito, passenger […] Read more
