40% on Modules & 25% on Cells, MNRE to Impose BCD From April 1, 2022 Updated On Thu, Mar 11th, 2021 by Saurenergy The Ministry of New and Renewable Energy (MNRE) has finally finalised the new Basic Customs Duty (BCD) on solar PV cells and modules. As per an office memorandum, the Ministry is going to impose a 25 percent BCD on solar PV cells and 40 percent duty on solar modules without grandfathering of bid-out projects. However, […] Read more
Only 18% of Announced Recovery Spending can be Considered ‘Green’: Report Updated On Thu, Mar 11th, 2021 by Saurenergy An analysis of spending by leading economies has found that only 18 percent of announced recovery spending can be considered ‘green.’ One year from the onset of the pandemic, recovery spending has fallen short of nations’ commitments to build back more sustainably. An analysis of spending by leading economies, led by Oxford’s Economic Recovery Project […] Read more
MNRE Issues Amended Draft Policy for Promoting DRE Livelihood Applications Updated On Thu, Mar 11th, 2021 by Saurenergy MNRE has issued a revised draft of its policy framework for developing and promoting DRE livelihood applications in rural areas of India The Ministry of New and Renewable Energy (MNRE) has issued a revised draft of its policy framework for developing and promoting Decentralised Renewable Energy (DRE) livelihood applications. The ministry has invited comments/suggestions from […] Read more
MNRE Releases List Of Module Makers for Government Contracts Updated On Thu, Mar 11th, 2021 by Saurenergy The ALMM list, to be updated monthly, will be valid for two years. The Ministry of New and Renewable Energy, in an office memorandum released yesterday, announced the names of 23 Indian firms those products would be eligible for use in government contracts for solar plants. The list is for module manufacturers right now. The […] Read more
AVANGRID Offshore Wind JV Vineyard Wind 1 Achieves Key Regulatory Milestone Updated On Wed, Mar 10th, 2021 by Saurenergy AVANGRID, Inc. confirmed today that the U.S. Bureau of Ocean Energy Management (BOEM) has issued the Final Environmental Impact Statement (FEIS) for Vineyard Wind 1. The issuance of the FEIS is the final step before a Record of Decision (ROD) from BOEM, the last approval required for construction on the project to begin. The project […] Read more
Mainspring Launches new Power Generation Technology; Announces $150 Mn Agreement with NextEra Updated On Wed, Mar 10th, 2021 by Saurenergy Mainspring Energy has launched the Mainspring Linear Generator, the first product in a new category of power generation technology for commercial and industrial buildings, utilities, and microgrids. The growing mandate for a reliable, affordable, and low-carbon electric grid is driving demand for new power generation technologies that can enable greatly increased use of renewable energy […] Read more
Indian E-Rickshaw Market to Expand to $1.39 Billion by 2025: Report Updated On Wed, Mar 10th, 2021 by Saurenergy India witnessed an exponential growth of electric rickshaws (e-rickshaw) since they first entered the Indian public transportation network. An E-rickshaw has always been an easy to go and cheaper option for the short-distance daily commute. Their cost effectiveness has also made e-rickshaw the preferred option for an ever larger section of society. Now, according to […] Read more
Credit Quality Of Large Indian Renewable Players Intact, Says Moody’s Updated On Wed, Mar 10th, 2021 by Saurenergy Moody’s Investor Service, the global credit ratings firm, has been reported to have declared that the credit quality of Indian renewable energy firms remains intact, post the end of the 2019 and 2019 financial years. Or till the period ending March 2020. The firm’s report has included 5 of the largest rated renewable firms in […] Read more
AAP to Provide Scrapping Incentive Under Delhi EV Policy, Says Gadkari Updated On Tue, Mar 9th, 2021 by Saurenergy The Delhi government is providing scrapping incentives, including up to Rs 7,500 per vehicle for auto and light commercial vehicles, under Delhi Electric Vehicle (EV) Policy 2020, Parliament was informed on Monday. Road Transport, Highways, and MSMEs Minister Nitin Gadkari informed Rajya Sabha in a written reply, that “Under the provision, all leased/hired cars used […] Read more
