ADB Granted Nearly USD 4 Bn in Sovereign Loans and Co-Financing to India in 2018 Updated On Wed, Apr 17th, 2019 by Saurenergy The Asian Development Bank (ADB) committed to providing nearly USD 4 billion in sovereign loans to India in 2018, the highest level of assistance since sovereign operations began in the country in 1986, said the annual report of the multilateral lending agency. In total, ADB, owned by 68 member countries, committed a total of USD […] Read more
CERC Passes Order, GST to be Covered Under “Change in Law” Updated On Tue, Apr 16th, 2019 by Saurenergy The Central Electricity Regulatory Commission (CERC) has in its latest order observed that the enactment of Goods and Services Tax (GST) that came into effect from July 1, 2017, will be covered under ‘Change in Law’. The commission issued the order in response to a petition filed by Parampujya Solar Energy Pvt. Limited (PSEPL), a […] Read more
India is Now Aiming For 227 GW of RE Capacity by 2022: Venkaiah Naidu Updated On Mon, Apr 15th, 2019 by Saurenergy India has defined an ambitious target of deploying 175GW of renewable power by 2022. This target is now further raised to 227 GW of renewable energy capacity, considering that we are well on our way to exceeding the previously set target, Vice President M. Venkaiah Naidu said. Addressing the fourth Resilient Cities Asia-Pacific (RCAP) Congress […] Read more
Transition to 100% RE by 2050 ‘Cost-Effective’: EWG Study Updated On Mon, Apr 15th, 2019 by Saurenergy A new study by the Energy Watch Group and LUT University is the first of its kind to outline a 1.5°C scenario with a cost-effective, cross-sectoral, technology-rich global 100% renewable energy system that does not build on negative CO2 emission technologies. In what should be good news for skeptics worried about the cost of transitioning […] Read more
SECI Struggles with Implementation, 3rd Extension For 97.5 MW Rooftop Scheme Updated On Mon, Apr 15th, 2019 by Saurenergy The last date for submissions has been extended to April 30, 2019. The Solar Energy Corporation of India (SECI) has extended the deadline for submission of bids on its 97.5 MW grid-connected rooftop solar PV system scheme for government buildings, for the second time in the last 7 days. On April 9, 2019, the nodal […] Read more
$59 Million Fund to Accelerate Research in Batteries and Electric Vehicles Updated On Mon, Apr 8th, 2019 by Saurenergy Funded through the Office of Energy Efficiency and Renewable Energy, this funding opportunity seeks projects to address priorities in advanced batteries electric drive systems, and energy efficient mobility systems amongst other areas of interest. The U.S. Department of Energy, Under Secretary of Energy, Mark W. Menezes has announced up to $59 million for new and […] Read more
USITC Begins Investigation Into Hanwha’s Patent Lawsuit Updated On Fri, Apr 5th, 2019 by Saurenergy The US International Trade Commission (USITC) has acknowledged Hanwha’s request and is launching an investigation into the alleged patent infringement by Chinese companies JinkoSolar and Longi Solar as well as Norway’s REC Group. The USITC’s chief administrative law judge will now assign the case to one of the administrative law judges (ALJ), who, in turn, […] Read more
$1 Bn Green Finance Facility Launched to Boost ASEAN Green Infra Investments Updated On Fri, Apr 5th, 2019 by Saurenergy The new facility will provide loans and necessary technical assistance for sovereign green infrastructure projects such as sustainable transport, clean energy, and resilient water systems. Southeast Asian governments, the Asian Development Bank (ADB), and major development financiers have launched the “ASEAN Catalytic Green Finance Facility”, a new initiative to spur more than $1 billion in […] Read more
Sydney Sets 100% Renewables Target For 2030 Updated On Mon, Apr 1st, 2019 by Saurenergy The city of Sydney has set an ambitious target of meeting 100 percent of its energy demands from renewable energy sources. “With our energy supply contract set to expire at the end of this year, we’re diving head first into Sydney’s renewable future by increasing our renewable electricity target from 50% to 100%,” a statement […] Read more
