Ahmedabad Municipal Corp Budget 2022-23: Green Energy, EVs in Focus Updated On Fri, Feb 4th, 2022 by Saurenergy Ahmedabad municipal commissioner Lochan Sehra proposed a draft budget of Rs 8,111 crore before the standing committee on Wednesday, laying down plans to promote green energy in the city. While avoiding new taxes and major announcements in the election year, the budget provided a thrust to solar power generation, rainwater harvesting and setting up of […] Read more
Record Electric Vehicle Sales Worldwide in 2021: Report Updated On Thu, Feb 3rd, 2022 by Saurenergy New electric vehicle (EVs) sales portrayed an ever-increasing trend last year. With a total number of 6.5 million units sold in 2021, the year saw almost every next month set a new record. As per the report by EV Volume, in the last month of December alone, over 907,000 electric cars were sold, a nearly […] Read more
Corrit Launches Production Facility For Fat Tyre Bike-The Hover Scooter Updated On Thu, Feb 3rd, 2022 by Saurenergy Electric mobility brand Corrit Electric today announced the launch of their first production facility for The Hover Scooter in Greater Noida. Established in 2021, the brand unveiled their first indigenously produced fat tire electric bike – The Hover Scooter, in October last year. Ramping up their offering, the newly launched facility is equipped to manufacture […] Read more
With Green Bonds in Budget’22, RE Financing Grows in India: IEEFA Updated On Thu, Feb 3rd, 2022 by Saurenergy As India’s renewable energy sector growth continues to outpace all other global economies, the Budget announcement on issuing green bonds – which are among the most widely used instruments for funding green infrastructure – will massively support this trajectory, finds a new report out by the Institute for Energy Economics and Financial Analysis (IEEFA). The union […] Read more
ReNew Announces $250 Million Share Buyback and Preliminary Results for Q3 FY’22 Updated On Thu, Feb 3rd, 2022 by Saurenergy Nasdaq listed ReNew Energy Global plc has announced that its Board of Directors has authorized a new $250 million share repurchase program to buy back Class A Ordinary Shares (“Share Repurchase Program”) in the capital of the Company. In addition, the Company is providing updates on certain financial metrics for the quarter and nine months ended December 31, […] Read more
ElectriVa Plans to Create ‘One Lakh’ Charging Points in India Updated On Wed, Feb 2nd, 2022 by Saurenergy It is an open secret that without an expanse of charging stations in the country, the adoption of electric vehicles on a massive scale will remain a challenge and the national quest for a pollution free environment will remain at a distance. In this scenario, ElectriVa, an electric vehicle charging provider, has disclosed its ambition […] Read more
AGEL Announces Q3 Results. Ebitda From Power Supply Up 56% YOY Updated On Wed, Feb 2nd, 2022 by Saurenergy Adani Green Energy Limited (AGEL), the green energy development arm of the Adani Group has announced its results for the 9 months ending December 2021. With operational capacity increasing by 83% to 5410 MW, the company has a strong set of results to show for Q3, even as the Adani group embarks on a massive […] Read more
A Solar PLI Scheme Disregarding MSME Sector Could Lead To Cartel Like Situation In Solar Too Updated On Wed, Feb 2nd, 2022 by Saurenergy The announcement of the PLI scheme expansion from Rs 4500 crore till now by a further Rs 19,500 crores was the most notable one for the solar sector in the Budget for 2022. While widely welcomed, the move does raise an existential question for the hundreds of SME and MSME firms involved in the module […] Read more
Led by Amazon, Corporates Bought 31.1 GW Clean Energy in 2021: BNEF Updated On Wed, Feb 2nd, 2022 by Saurenergy Corporations bought a record 31.1 gigawatts of clean energy through power purchase agreements, or PPAs, in 2021, up nearly 24% from the previous year’s record of 25.1GW, according to research firm BloombergNEF (BNEF). Over two thirds of this purchasing (65%) occurred in the U.S. However, also underpinning the strong growth is a surge in activity […] Read more
