HDFC Bank to Make Significant Investments in EV Loans Updated On Tue, Nov 22nd, 2022 by Saurenergy Despite certain setbacks on the level of the auto industry, HDFC Bank is seeking to triple its financing for electric vehicle (EV) purchases in the next three years. This is due to an early assessment that lending is proving to be profitable. The banking institution aims to triple the ebook dimension by 2025 after initially […] Read more
The 5 Key Takeaways From CoP27 Updated On Mon, Nov 21st, 2022 by Saurenergy Time is ticking and catastrophic natural events are on the verge of becoming a new normal for human existence. The uncertain times of economic and regional instabilities are marred by dreadful climate events across the globe – from floods in Pakistan to raging forest fires in Australia. The signs are clear for the policymakers and […] Read more
ReNew Power & Egyptian Govt Sign Framework Agreement for Green Hydrogen Plant Updated On Wed, Nov 16th, 2022 by Saurenergy Renewable energy conglomerate, ReNew Power and the Egyptian government have signed a framework agreement for the construction of an $8 billion green hydrogen plant in the Suez Canal Economic Zone. The green hydrogen production capacity of the plant is anticipated to be 220,000 tonnes per year. Following the Memorandum of Understanding (MoU) signed in July […] Read more
New Commitments for ETAF at COP 27; Developing Countries to Benefit Updated On Tue, Nov 15th, 2022 by Saurenergy In a key development to bolster renewables, three new partners have officially joined the Energy Transition Accelerator Financing Platform (ETAF), IRENA’s global climate finance platform aimed at mobilising capital to scale up renewable project funding in developing countries by 2030. Cooperation agreements with the Asian Infrastructure Investment Bank (AIIB), Masdar and Swiss Re were signed […] Read more
KKR’s Subsidiary IndiGrid Records Strong Growth with Q2 FY23 Revenue up 6% YoY Updated On Fri, Nov 11th, 2022 by Saurenergy IndiGrid [BSE: 540565 | NSE: INDIGRID], which claims to be the first Infrastructure Investment Trust (“InvIT”) in the Indian power sector has announced its results for the quarter ended September 30, 2022. The consolidated revenue for the quarter was up 6% YoY in Q2 FY23 to ₹ 5,807 million while the consolidated EBITDA also increased […] Read more
Auto Component Giant MT Autocraft Announces 100 Cr Investment in E-Mobility Updated On Fri, Nov 11th, 2022 by Saurenergy Electric vehicle (EV) startup MTA E-Mobility Pvt Ltd was established by MT Autocraft, a provider of machined components and assemblies, with an investment of Rs 100 crore to develop EVs and essential electrical systems. The business constructed a facility of three acres in Palwal, in the national capital area, and will exhibit its goods and […] Read more
Bank Of America, Crossboundary Partner for RE Expansion Across Africa Updated On Thu, Nov 10th, 2022 by Saurenergy Renewable energy players, governments and financial institutions are leaving no stone unturned to expand the deployment of RE through pacts and agreements on the sidelines of COP-27. African renewable energy conglomerate CrossBoundary Energy has announced in Sharm el-Sheikh, Egypt at the COP27 about their intention to explore financing solutions with Bank of America to rapidly […] Read more
Italy’s Enel, Israel’s Brenmiller Inaugurate Rock-Based Storage System ‘TES’ in Italy Updated On Mon, Nov 7th, 2022 by Saurenergy The largest utility in Italy Enel Group and Israeli firm Brenmiller Energy have set up an innovative, sustainable rock based energy storage system in Tuscany in Italy which is completely sustainable and capable of accelerating the energy transition. The integration of the thermal energy storage (TES) system with the existing power plant enables Enel and […] Read more
After Promising Start, Karnataka Increases GIM Investment Plans Updated On Thu, Nov 3rd, 2022 by Saurenergy After the Global Investors’ Summit got off to a strong start, Karnataka increased its fundraising target by Rs 2.5 lakh crore to Rs 7.5 lakh crore, according to Union Finance Minister Nirmala Sitharaman. “When this global meeting was first being arranged, their initial expectations and goals were in the neighborhood of 5 lakh crore. Now […] Read more
