Schneider Electric, ENGIE Enter Tax Credit Transfer Agreement Under IRA Updated On Thu, Feb 22nd, 2024 by Saurenergy Schneider Electric, a digital energy and automation manager company recently announced its investment in a portfolio of Texas-based clean energy projects. Through this, it utilized a Tax Credit Transfer Agreement (TCTA) for solar and battery storage systems developed, built, and operated by ENGIE North America (ENGIE). The contracted projects are expected to come online throughout […] Read more
Roofsol Energy Commissions 27.2 MWp Utility-Scale Project In Tamil Nadu Updated On Wed, Feb 21st, 2024 by Saurenergy Mumbai-based company for ground mount and rooftop solar solutions for commercial & industrial clients Roofsol Energy Pvt Ltd announced the commencement of a 27.2 MWp utility-scale project in Tamil Nadu. In a post on Linkedin, the company said that it has now commissioned a 27.2 MWp utility-scale project which is their first Utility-scale project with […] Read more
New Rooftop Subsidy Only For Applications Post Feb 13-MNRE Updated On Wed, Feb 21st, 2024 by Saurenergy The Ministry of New and Renewable Energy (MNRE), in a fresh update on Geb 20, has declared that only applications received after Feb 13, 2024 will be considered for Central Financial Assistance (CFA) under the PM Surya Ghar Muft Bijli Yojana. The move comes even as demand is expected to skyrocket for solar rooftops under […] 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
Albania Commences Its First Utility-Scale PV Plant Using Sineng Inverters Updated On Mon, Feb 19th, 2024 by Saurenergy Sineng a renewable energy product supplier recently connected the 140MW Karavasta solar plant, located in the Fier region of southern Albania, to the grid. The project delivers electricity to the transmission system and this project claims to be one of large photovoltaic projects in Albania and the Western Balkans. The project was awarded to Voltalia […] Read more
Singapore-based Sembcorp Industries Acquires 228 MW Wind Assets In India Updated On Mon, Feb 19th, 2024 by Saurenergy Singapore-based renewable energy company Sembcorp Industries (Sembcorp) has announced that it has, through its wholly-owned subsidiary Green Infra Wind Energy Limited completed the acquisition of 100% of the share capital in two special purpose vehicles (SPVs) of Leap Green Energy Private Limited. The SPVs own 228MW of operational wind assets in Madhya Pradesh, Maharashtra, and […] Read more
Karnataka Tops List With Most EV Charging Stations In India, Reveals BEE Data Updated On Mon, Feb 19th, 2024 by Saurenergy In a recent revelation by the Union Ministry of Power, the Bureau of Energy Efficiency (BEE) stated that the southern state of Karnataka has grabbed the top position as far as electric vehicle charging stations are concerned. The data said that the state now has 5,059 EV charging stations. According to a release from the […] Read more
Feb 9 ALMM Order Withdrawn By MNRE, Industry Awaits Clarity Updated On Thu, Feb 15th, 2024 by Saurenergy Policy flip flops, for so long a bugbear for the renewable sector, reared its head again as the Feb 9 ALMM order for Approved List of Models and Manufacturers (ALMM) was withdrawn in an evening announcement by the ministry today, i.e., Feb 14. Coming less than a week after the announcement that exempted open access […] Read more
