Long-term Finance at Low Rates for Power, RE in Budget, expects ICRA Updated On Mon, Jan 17th, 2022 by Saurenergy Availability of adequate long-term financing at competitive rates is key in achieving India’s renewable goals, rating agency ICRA said as part of its pre-Budget expectations report. The Union Budget for FY23 will be tabled in the Parliament on February 1. The rating agency said that incentives and relevant policy measures are needed to promote investments […] Read more
Hero MotoCorp Invests Rs 420 crore in Ather Energy Updated On Mon, Jan 17th, 2022 by Saurenergy Hero MotoCorp, India’s largest two wheeler maker, is investing Rs 420 crore in electric scooter maker Ather Energy, even as it is readying its own product for the local EV market. The company’s board has approved the investment in one or more tranches, according to a regulatory Nling Friday. Prior to the proposed investment, Hero […] Read more
PLI Battery Scheme Has 10 Bidders. Reliance, L&T, Amara Raja Bid Updated On Mon, Jan 17th, 2022 by Saurenergy Bids from 10 companies have been received for the government’s PLI Battery scheme, or ‘National Programme on Advanced Chemistry Cell (ACC) Battery Storage’. Seen as a key initiative to ensure 50 GWh of ACC battery storage manufacturing capacity in the country. The Rs 18, 400 Lucas-TVS, Exide Indcrore production-linked incentive (PLI) scheme for advanced chemistry […] Read more
Power Ministry Issues Guidelines For Faster Roll Out Of Charging Infra For EV’s Updated On Mon, Jan 17th, 2022 by Saurenergy The Union Ministry of Power has promulgated the revised consolidated Guidelines & Standards for Charging Infrastructure for Electric Vehicles (EV) on 14th January,2022. The objective seek to enable a faster adoption of electric vehicles in India by ensuring access to quality, readily available and affordable Charging Infrastructure and eco-system. The guidelines should help energise the […] Read more
EV Startup EVage Raises $28 M from RedBlue Capital Updated On Fri, Jan 14th, 2022 by Saurenergy Electric commercial vehicle startup EVage on Friday said it has raised $28 million (over Rs 205 crore) from US-based venture capital firm RedBlue Capital. The funding will allow EVage to complete its factory outside of Delhi in FY 2022-23 and scale up production, the company said. EVage supplies EV trucks to major delivery fleets, such […] Read more
Hero Electric to Offer New Loan Schemes to e-2w Buyers Updated On Fri, Jan 14th, 2022 by Saurenergy Hero Electric on Thursday said it has tied up with Shriram City Union Finance to facilitate loan schemes for its electric two-wheeler buyers. The collaboration aims to make the e-scooters more affordable and attract cost-conscious buyers with attractive financing solutions, Hero Electric said in a statement. The partnership will enable customers to avail a fully […] Read more
GE Renewable Energy to Install Turbines at 100MW Wind Farm in Gujarat Updated On Fri, Jan 14th, 2022 by Saurenergy Paris-based GE Renewable Energy on Thursday said that it will supply, install, and commission 37 wind turbines to a 99.90-megawatt (MW) wind power project in Gujarat, managed by Indian renewable energy group Continuum Green Energy. According to the official press release, the wind farm project will provide local businesses and consumers with clean energy. “We look […] Read more
Israel’s Econergy to Build 800MW Storage, 900MW Solar Capacity in UK Updated On Fri, Jan 14th, 2022 by Saurenergy Renewables investor Econergy Renewable Energy said on Thursday it plans to develop a portfolio of 800 megawatts (MW) of renewable energy storage and 900 MW of solar photovoltaic (PV) capacity in Britain over the next three years. The firm said it plans to develop 350 MW of energy storage capacity for operation in 2023, 300 […] Read more
Italian Oil Giant Eni Buys 800 MW Solar Portfolio in Greece Updated On Fri, Jan 14th, 2022 by Saurenergy Italian energy group Eni, through Eni gas e luce, has acquired the Greek company Solar Konzept Greece for an undisclosed amount as part of its plans to shift away from oil and gas. Solar Konzept Greece previously belonged to Solar Konzept International, which is majority owned by Aquila Capital, a sustainable investment and asset development company, […] Read more
