RBI Releases Guidelines To Banks For Acceptance Of Green Deposits Updated On Wed, Apr 12th, 2023 by Saurenergy The Reserve Bank of India (RBI) has issued a dedicated set of guidelines to the Indian banks and Non-Banking Financial Institutions (NBFCs) for accepting green deposits effective June 1, 2023. The move will likely boost the country’s financing of renewable energy projects. As per the mandate of the RBI, the financial institutions will extend the […] Read more
Sembcorp Awards 50.4 MW Wind Power Project to Suzlon Updated On Wed, Apr 12th, 2023 by Saurenergy Renewable energy solutions provider Suzlon Group has announced a new order win for the development of a 50.4 MW wind power project for Sembcorp’s renewables subsidiary Green Infra Wind Energy Limited. The firm will be responsible for installing 24 wind turbine generators (WTGs) with a Hybrid Lattice Tubular (HLT) tower and a rated capacity of […] Read more
Ministry Of Power Appoints CEA To Verify Captive Status of ISTS Power Projects Updated On Wed, Apr 12th, 2023 by Saurenergy The Ministry of Power, in its latest notification, has nominated the Central Electricity Authority (CEA) as the competent authority for verifying the status of captive power generating plants involved in inter-state power transmission. The notification said that the ministry earlier had received references on the issue from different stakeholders to decide on the authority to […] Read more
Robotic Cleaning Represents Only 1-2% Of overall Capex, But Can Be Decisive: Amit Singla, Ecoppia India Updated On Wed, Apr 12th, 2023 by Saurenergy Israeli firm Ecoppia offers AI, data-driven robotic solar panel cleaning solutions. It claims to have deployed 3,900 MW of projects, over 10.5 mn autonomous cleaning sessions and cleaned over 9.24 bn solar panels. The firm, which has a global presence, is expanding operations in India. Some of the firm’s clients from India include NTPC, Azure […] Read more
Powerica Ltd Entitled To Compensation Due To Rise of GST Rates Post-Contract, Rules CERC Updated On Tue, Apr 11th, 2023 by Saurenergy The Central Electricity Regulatory Commission (CERC), in its latest Order, while hearing a petition filed by Powerica Limited, has ruled that the change of Goods and Service Tax (GST) rates after receiving a contract was a deemed case of ‘change of law.’ Accordingly, the regulatory body also ordered compensation to the wind energy company on […] Read more
Shakti Pumps Gets Patent for Inventing Switching Circuit To Start Single Phase-Induction Motor Updated On Mon, Apr 10th, 2023 by Saurenergy Shakti Pumps Limited, a manufacturer of energy-efficient pumps and motors, has received a patent for inventing a “Switching Circuit To Start Single Phase-Induction Motor”. Intellectual Property India, a Ministry of Commerce & Industry Organisation awarded the patent to the firm, in accordance with the provisions of the Patents Act, 1970. It will hold a validity […] Read more
Suzlon Onboards J P Chalasani as Chief Executive Officer Updated On Wed, Apr 5th, 2023 by Saurenergy A firm that provides clean energy solutions, Suzlon Energy has onboarded J P Chalasani as its CEO. The appointment follows the resignation of Ashwani Kumar attributable to personal reasons. Chalasani had served as the Group Chief Executive Officer of Suzlon from April 2016 to July 2020, following which, he stepped into the role of Strategic […] Read more
Vedanta, SRIPL Collaborate for 105 MW Renewable Power for Chhattisgarh Smelter Updated On Wed, Apr 5th, 2023 by Saurenergy Vedanta owned Bharat Aluminium Company Ltd. (BALCO) has said that it has signed an agreement with Serentica Renewables India Private Ltd (SRIPL) whereby the two firms will establish a special purpose vehicle (SPV) to source hybrid renewable energy for the aluminium operations in Chhattisgarh. Vedanta revealed in a regulatory filing “BALCO has entered into a […] Read more
Jakson Group Poised for Manufacturing Expansion Through Agreement with Jinchen Corp Updated On Tue, Apr 4th, 2023 by Saurenergy Indian energy group Jakson Group, has signed an agreement with Jinchen Corp, a turnkey supplier of advanced solar module manufacturing equipment and technology in China. The association is a step forward in Jakson Group’s targets to expand its solar PV manufacturing capacities further in India upto 3 GW annually. It will also strengthen its plans […] Read more
