KKR’s Indian Renewable Venture ‘Virescent’ Assigned ‘AAA’ Rating by CRISIL Updated On Thu, Feb 11th, 2021 by Saurenergy VRET the InvIT proposed by KKR-backed Indian RE platform Virescent Infrastructure has received a ‘AAA/Stable’ provisional rating from CRISIL Virescent Renewable Energy Trust (VRET), the Infrastructure Investment Trust (InvIT) proposed to be launched by KKR-backed Indian renewable energy platform Virescent Infrastructure, has received a ‘AAA/Stable’ provisional rating for its bank loan facilities from CRISIL, an […] Read more
Committed to Reduce Emissions by 33 to 35% From 2005 Levels: PM Modi at WSDS Updated On Thu, Feb 11th, 2021 by Saurenergy PM Modi at the WSDS inauguration reiterated India’s commitment to reduce the emissions intensity of GDP by 33 to 35 percent from 2005 levels. Prime Minister Narendra Modi on February 10, 2021, inaugurated the World Sustainable Development Summit (WSDS) 2021 via video conferencing. During the event, PM Modi reiterated India’s commitment to reduce the emissions […] Read more
Rajasthan to Focus On Renewable Energy Projects for Special Package Under IPS Updated On Thu, Feb 11th, 2021 by Saurenergy In a meeting held under the chairmanship of Chief Secretary Niranjan Arya, six renewable energy projects in Rajasthan have been recommended for consideration of a special package under the state’s investment promotion scheme (IPS). According to the sources from meeting, the proposals are from varied sectors like energy, textile, and manufacturing assuring to generate over […] Read more
EV Manufacturer Rivian Sets Sights for IPO This Year Updated On Wed, Feb 10th, 2021 by Saurenergy Rivian an American electric vehicle (EV) manufacturer, backed by Amazon.com and Ford Motor, is looking to go public (IPO) as soon as September at a valuation of about USD 50 billion or perhaps more, according to people familiar with the matter. The company took to Twitter also, as the tweet reads, “BREAKING: Rivian is looking […] Read more
Global EV Sales to Reach 62 Mn per Year by 2050: WoodMac Updated On Wed, Feb 10th, 2021 by Saurenergy In its latest report, Wood Mackenzie has revealed that Electric Vehicle (EV) sales are expected to reach 62 million units per year by 2050, with a total global EV stock reaching over 700 million. The report suggested, shortly before that date, in 2047, battery electric vehicle (BEV), plug-in hybrid electric vehicle (PHEV) and fuel cell […] Read more
Jupiter Power Announces 652 Megawatt Hours of Battery Storage Projects Updated On Wed, Feb 10th, 2021 by Saurenergy Jupiter Power will build six stand-alone, utility-scale battery storage projects this year, totaling 652 MWh of energy storage capacity. Utility-scale energy storage company Jupiter Power has announced it will build six stand-alone, utility-scale battery storage projects this year, totaling 652 megawatt hours of energy storage capacity. The projects consist of three 200-megawatt-hour projects and three […] Read more
Latest UK Seabed Leasing Risks Raising Costs of Offshore Wind: WindEurope Updated On Wed, Feb 10th, 2021 by Saurenergy On February 8, 2021, the Crown Estate announced the results of its Round 4 seabed leasing for offshore wind in the UK. The Offshore Wind Lease Round 4 allocated areas for developing nearly 8 GW of capacity. This is too little new capacity considering the huge ambitions the UK Government has to quadruple its offshore […] Read more
DTL Floats Tender for EV Charging & Battery Swapping Stations in Delhi Updated On Wed, Feb 10th, 2021 by Saurenergy Delhi Transco Limited has floated a tender for setting up EV charging & battery swapping stations at various Locations under Package – A to J across the National Capital Territory (NCT) of Delhi. The Bidders shall be responsible for supply, erection, testing, commissioning, and maintaining at his own cost the Electrical Vehicle Charging Station and […] Read more
National Hydrogen Energy Mission Document to be Finalised This Month Updated On Wed, Feb 10th, 2021 by Saurenergy The draft National Hydrogen Mission document has already gone through the consultation process and is expected to be finalised in February 2021 In the Budget Speech 2021-22, Finance Minister Nirmala Sitharaman proposed to launch a National Hydrogen Mission for generating hydrogen from green power sources. The ministry has now announced that the draft mission document […] Read more
