Azure Power Q2 Results. Not Enough To Enthuse Investors Updated On Mon, Dec 13th, 2021 by Saurenergy The NYSE listed Azure Power Global Limited announced its consolidated results under United States Generally Accepted Accounting Principles (“GAAP”) for the fiscal second quarter 2022, period ended September 30, 2021. Fiscal Second Quarter 2022 Period ended September 30, 2021 Operating Highlights: Megawatts (“MW”) Operating* were 2,210 MWs, as of September 30, 2021, an increase of 31% over September 30, 2020. […] Read more
Curbs On China Imports Fail To Slow Down Solar Imports For US In 2021 Updated On Mon, Dec 13th, 2021 by Saurenergy A research report from Rystad Energy lays bare the failure of US efforts to reduce dependence on Solar Imports, especially by curbing imports from China. According to the report, the US is on track to import a record 27.8 gigawatts (GW) of solar PV panels in 2021 from a range of countries, up from 26.7 […] Read more
MG Motor to Launch New EV in India for ₹10-15 lakhs by Next Fiscal Updated On Fri, Dec 10th, 2021 by Saurenergy MG Motor India will drive in an electric vehicle priced between Rs 10-15 lakh by the end of the next fiscal to rev up its play in the country’s electric mobility space, said an official statement. The company, which currently sells electric SUV ZS EV, will launch an electric crossover vehicle based on a global […] Read more
Simple Energy to Invest ₹2500 cr to Build Electric 2w Facility in Tamil Nadu Updated On Fri, Dec 10th, 2021 by Saurenergy Simple Energy, a manufacturer of electric scooters, has signed a memorandum of understanding (MoU) with the Tamil Nadu government to invest up to ₹2,500 crore to build the largest electric two-wheeler plant in Dharmapuri – a city in the western part of the state. The first plant of 2 lakh square feet is being constructed […] Read more
MoP Approves 23 New ISTS Projects Worth ₹15,893 cr Updated On Fri, Dec 10th, 2021 by Saurenergy The Ministry of Power (MoP) and the Ministry of New and Renewable Energy (MNRE) has approved 23 new Inter State Transmission System (ISTS) projects with an estimated cost of Rs 15,893 crore. The new ISTS projects comprise 13 projects with an estimated cost of Rs 14,766 to be developed under Tariff Based Competitive Bidding (TBCB) […] Read more
India’s 2030 Climate Targets are ‘achievable’ through Renewables: Says LBNL 2030 Updated On Fri, Dec 10th, 2021 by Saurenergy There is no doubt that India is in midst of an energy transition, with important social and economic implications depending on the pathways that are chosen. A Lawrence Berkeley National Laboratory (LBNL) study, under the US Department of State evaluated in-depth India’s future power investments. Giving a promising outlook on India’s future power system investments, […] Read more
Iberdrola, H2 Green Steel Join Global Push for Green H2 Electrolyser Mfg Updated On Fri, Dec 10th, 2021 by Saurenergy Iberdrola and H2 Green Steel have signed an agreement to build and operate a green hydrogen plant with an installed capacity of 1 GW and an estimated investment of 2.3 billion euros, financed through a combination of public funds, green project financing instruments and own funds. The new plant will power with clean fuel a direct […] Read more
MNRE Gets Approval For Rs 454 Crore Spends To Support Renewables for the Next 5 Years Updated On Fri, Dec 10th, 2021 by Saurenergy The approvals, covering the period 2021-22 to 2025-26, have all been communicated this week. Covering the areas of supporting research and development (Rs 228 crores), Public Awareness (Rs 26 crores) and Human Resources Development ( Rs 200 crores), the idea is to provide the MNRE with funds to achieve key objectives. While readers will be […] Read more
Procurement At Scale Helped Bring Down Prices By 22% For 3 Wheelers Updated On Fri, Dec 10th, 2021 by Saurenergy With its focus on delivering clean, affordable, and reliable energy, Convergence Energy Services Limited (CESL) is playing a key role in creating an enabling ecosystem for transitioning to renewable, energy efficient solutions, specially, electric mobility. CESL, a subsidiary of state-owned Energy Efficiency Services Limited (EESL), works under the Ministry of Power, Government of India. Saur […] Read more
