Tata Power’s Renewable Biz Shines in Q3 FY19; Now Brings Rooftop Offer to Cochin Updated On Wed, Jan 30th, 2019 by Saurenergy During the quarter, its consolidated revenue rose by 16 percent at Rs 7,571 crore as compared to Rs 6,506 crore last year. Country’s one of the leading integrated power company, Tata Power’s renewable energy business showed impressive growth during the October-December quarter of FY19 as its consolidated EBITDA grew by 9 per cent to Rs […] Read more
Cab Aggregators Urged to Launch Electric Taxis in Gujarat Updated On Wed, Jan 30th, 2019 by Saurenergy Gujarat government has asked cab companies to launch electric taxi’s in the state, to align with the states planned EV push and new electric vehicle policy. The Gujarat Government has asked cab aggregators the likes of Uber and Ola to launch electric taxis in the state. As the government plans for a big push for […] Read more
European Companies Set Record For Wind Power Deals Updated On Wed, Jan 30th, 2019 by Saurenergy European companies bought a record amount of wind power last year, as businesses looked for greener ways to drive their machinery and data centres. As wind power becomes competitive on price with conventional energy in many countries, big companies have rushed to secure renewable energy to manage costs and reduce their carbon emissions, while boosting their image with […] Read more
AfDB Approves $25 Mn Fund For Renewable Energy Projects in Africa Updated On Wed, Jan 30th, 2019 by Saurenergy The Fund’s strategy is to prioritize projects with a clear timeline to financial close, with emphasis on de-risking early stage greenfield projects. The African Development Bank Group (AfDB) has approved an equity investment of up to $25 million in ARCH Africa Renewable Power Fund (ARPF), a US$ 250 million private equity fund for renewable energy […] Read more
UAE’s Yellow Door Energy Raises $65 Million Updated On Wed, Jan 30th, 2019 by Saurenergy The investment comes from IFC, Mitsui, Equinor, APICORP and Adenium and will be used to expand distributed solar and energy efficiency solutions into new markets. Yellow Door Energy, a UAE-based leading solar developer, announced that it has raised $65 million in Series A financing to scale its investments in solar energy and energy efficiency solutions […] Read more
Government Lowers Import Duty on EV Components Updated On Wed, Jan 30th, 2019 by Saurenergy The Central Board of Indirect Taxes and Customs (CBIC) has carved out a separate category for parts and components of an electric vehicle for which customs duty has been lowered to 10-15 percent. To promote domestic assembling of electric vehicles, the government has lowered customs duty on import of parts and components of such vehicles […] Read more
MNRE Seeks Suggestions on Draft Offshore Wind Energy Lease Rules Updated On Wed, Jan 30th, 2019 by Saurenergy The ministry has provided a timeline until February 25, 2019, for interested stakeholders to submit their suggestions. The National Offshore Wind Energy Policy provides only a basic framework for the development of offshore wind energy in the country. And now the Ministry has opened its new Draft Offshore Wind Energy Lease Rules for comments/suggestions/views from […] Read more
Viz-A-Viz with Ashit Maru, Co-founder, MYSUN Updated On Wed, Jan 30th, 2019 by Saurenergy Quality Manufacturing and Easy Financing Needs Serious Attention Local manufacturing and the quality standards of local make has to be addressed and scaled-up as well, if we are to see any major boost as a manufacturing hub for rooftop solar. Quality manufacturing and easy financing are the two factors that have to be taken very […] Read more
Poland Aid to LG Chem EV Battery Plant Gets EU Approval Updated On Tue, Jan 29th, 2019 by Saurenergy The investment aid will support LG Chem’s €325 million investment in a new vertically integrated manufacturing plant for the production of lithium-ion batteries in Poland. Poland’s €36 million (Rs 293 crore) investment aid to chemical company LG Chem, a part of one of Korea’s biggest company the LG Corp for a new electric vehicle batteries […] Read more
