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
Why The Solar PLI Scheme Will Throw Up Big Opportunities, And Challenges For Industry Updated On Wed, Feb 2nd, 2022 by Saurenergy The allocation of a further Rs 19,500 crore for solar manufacturing under the Solar PLI (Performance Linked Incentive) scheme, which rewards manufacturers for both backward integration and exports, is indeed a big deal. Taken in its entirety with the existing Solar PLI scheme of Rs 4500 crore that is already under execution, the scheme will […] Read more
Odisha Government offers 15% Subsidy on Electric Vehicles Updated On Wed, Feb 2nd, 2022 by Saurenergy In what can prove to be a game changer in near future for the faster adoption of electric vehicles in the eastern state, the Odisha Government has declared that it will provide a 15 per cent subsidy on the purchase of electric vehicles. Although the subsidy comes with an upper cap for all categories, experts […] Read more
200 GW Milestone Beckons For Solar Additions in 2022, Cheaper With Extra Storage, Says BNEF Updated On Wed, Feb 2nd, 2022 by Saurenergy Bloomberg New Energy Finance (BNEF) has predicted that the year 2022 will see the 200 GW milestone in a year for solar crossed for the first time. In 2021, photovoltaic systems with a combined capacity of 183 GW were installed across the globe, a 40 GW jump over 2020. The 2021 figures also came in […] Read more
Budget 2022. Keep Up The Good Work, Says FM To RE Sector Updated On Tue, Feb 1st, 2022 by Saurenergy In her shortest budget speech till date in four years, Finance Minister Nirmala Sitharaman stuck to the big picture, leaving the fine details of the budget to be understood later. It would be safe to say that with key reform measures still in the pipeline, such as the Electricity (Amendment Bill) Bill, we might see […] Read more
Wacker Chemie Rides Polysilicon Boost To Double Sales in 2021 Updated On Tue, Feb 1st, 2022 by Saurenergy One of the earliest global polysilicon manufacturers, German chemical group Wacker Chemie made the most of the massive surge in demand, and prices for key solar raw material polysilicon in 2021, which hit a decade high during the year. The firm doubled its polysilicon sales boosting earnings even as it coped with higher raw material […] Read more
Highlights from Economic Survey for RE Sector in 2021 Updated On Tue, Feb 1st, 2022 by Saurenergy The Economic Survey, which receded the annual budget of the government, is a widely anticipated document, seen more as a sort of white paper on what the government of the day considers its key achievements, and indications of the way ahead. To that extent, the latest Economic Survey document, all 442 pages of it in […] Read more
Mahindra Launches Electric Three-wheeler at Rs 1.44 lakh Updated On Mon, Jan 31st, 2022 by Saurenergy Bengaluru-headquartered Mahindra Electric Mobility has launched its new electric three-wheeler e-Alfa Cargo, priced at Rs 1.44 lakh (ex-showroom Delhi). The launch of the e-Alfa Cargo marks the company’s entry into the rapidly growing e-cart segment, said Mahindra. Formerly known as the Reva Electric Car Company, Mahindra e-Mobility’s EV portfolio also includes 3w Treo, sedan eVerito, passenger […] Read more
