IndiGrid Reports 92% Jump YoY in Revenue for Fourth Quarter Updated On Thu, May 28th, 2020 by Saurenergy IndiGrid has reported consolidated revenue of Rs 328.4 crore for the quarter ended March 31, 2020, up 92 percent YoY from Rs 170.5 crore in Q4 2019. IndiGrid, India’s first power sector Infrastructure Investment trust (InvIT), has announced its results for the financial year ended March 31, 2020. The firm has reported consolidated revenue of […] Read more
GE to Sell its 130-Yr-Old Lighting Biz to Savant Systems Updated On Wed, May 27th, 2020 by Saurenergy American multinational conglomerate General Electric (GE) on Wednesday said that it has signed a definitive agreement to sell its 130-year-old Lighting business, GE Lighting, to Savant Systems, a leading player in the smart home space. However, the financial details of the transaction were not disclosed by the company. For many years the company was looking […] Read more
NTPC Eyes Majority Stake in ADAG’s BRPL, BYPL to Foray into Distribution Biz Updated On Wed, May 27th, 2020 by Saurenergy Country’s largest power generation utility NTPC is planning to foray into electricity distribution business as it has evinced interest to acquire majority stake of 51 per cent in Anil Dhirubhai Ambani Group’s (ADAG) two utilities. The ADAG has two Discoms in Delhi namely BSES Rajdhani Power Ltd (BRPL) and BSES Yamuna Power Ltd (BYPL), which supplies electricity to approx 4.4 million customers. […] Read more
MNRE Invites Proposals to Develop Institutional Framework for ‘One Sun One World One Grid’ Implementation Updated On Wed, May 27th, 2020 by Saurenergy The Ministry of New and Renewable Energy (MNRE) has invited proposals from eligible consulting firms for developing a long-term vision, implementation plan, road map and institutional framework for implementing ‘One Sun One World One Grid’ (OSOWOG). This is in line with the Prime Minister Narendra Modi’s call for connecting solar energy supply across borders by […] Read more
ChargePoint Named Leading EV Charging Hardware Supplier Updated On Wed, May 27th, 2020 by Saurenergy A new report examines the strategy and execution of 15 companies offering solutions to the global EV charging market, with ChargePoint ranked number one. A new Leaderboard Report from Guidehouse Insights examines the strategy and execution of 15 companies offering solutions to the global electric vehicle (EV) charging market, with ChargePoint ranked as the top market player. Climate […] Read more
PFC to Fund Projects Worth Rs 22,000 Crore in Madhya Pradesh Updated On Wed, May 27th, 2020 by Saurenergy PFC has announced that it will fund 225 MW hydroelectric and other multiple purpose projects worth Rs 22,000 crore in Madhya Pradesh. State-owned power sector financing institution, the Power Finance Corporation (PFC) has announced that it will fund 225 MW hydroelectric and other multiple purpose projects worth Rs 22,000 crore in Madhya Pradesh. “PFC entered […] Read more
Germany’s GIZ to Help Southern India Balance its Renewable Resources Updated On Wed, May 27th, 2020 by Saurenergy Germany’s GIZ has commissioned a study for southern India to aid in balancing the energy supply from wind and solar and energy demand in the region DNV GL, the world’s largest resource of independent energy experts and certification body, has been contracted by Germany’s development agency Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) to conduct a […] Read more
Biggest Fall in Global Energy Investments in History due to COVID-19: IEA Updated On Wed, May 27th, 2020 by Saurenergy The COVID-19 pandemic has set in motion the largest drop in global energy investments in history, according to the International Energy Agency (IEA) The COVID-19 pandemic has set in motion the largest drop in global energy investments in history, with spending expected to plunge in every major sector this year – from fossil fuels to […] Read more
15 GW Renewable In Two years In The EU to Recover From Pandemic Updated On Wed, May 27th, 2020 by Saurenergy The European Commission or EU, is planning a massive 15GW push for renewable energy tenders in the next 2 years to pull the union out of the recession caused by the Covid-19 pandemic. The EU has suffered the highest mortality counts as of now, and countries across the continent have struggled to manage wide, extended […] Read more
