Hamsa Asset Management Launching India’s first Renewable Energy Fund Updated On Fri, Jul 16th, 2021 by Saurenergy Chennai-based Hamsa Asset Management Pvt Ltd provides its investors a hassle-free approach to invest in renewable energy projects. Hamsa is launching India’s first renewable energy Alternative Investment Fund (AIF). It is making renewable energy accessible by providing a unique opportunity to invest in India’s first Renewable Energy AIF with a target 15% Equity IRR (internal […] Read more
Stagnation in RE Subsidies, Financial Support Needed: IISD-CEEW Report Updated On Fri, Jul 16th, 2021 by Saurenergy India’s quest to achieve its goals for “Aatmanirbhar Bharat” and a clean energy transition, part of the economic recovery from COVID-19, is missing a key ingredient: adequate financial support for renewable energy. This is the conclusion reached upon by a new report released by the International Institute for Sustainable Development (IISD) and the Council on […] Read more
California’s ‘Solar Deflation’ Offers Lessons In Managing Solar Expansion Updated On Fri, Jul 16th, 2021 by Saurenergy The Breakthrough Institute has released a report analyzing solar value deflation in California from 2014 to 2020, during which period the value of solar fell by around 37% relative to other sources of electricity. While on the face of it, this is great news, as it is a big reason why solar has gained, and […] Read more
New York Installs 3 GW of Solar Capacity By Q3 FY21 Updated On Fri, Jul 16th, 2021 by Saurenergy According to the governor of New York, Andrew Cuomo, the state has installed 3 GW of solar capacity by the end of Q3 FY21, with the state’s total pipeline reaching 5.7 GW. The state had added a capacity of 2,840.3 MW by Q1 2021, which took New York to the 10th position nationally in the terms […] Read more
AfDB Grants $6 M to Initiate ‘Desert to Power’ Program in Africa Updated On Thu, Jul 15th, 2021 by Saurenergy ‘Desert to Power West Africa Regional Energy Program’, an initiative led by the African Development Bank Group (AfDB), will be injected with a $6 million grant to launch its initial phase, as per the bank’s board of directors’ recent approval. Desert to Power, an initiative led by the Bank, is expected to transform the Sahel by […] Read more
Zypp Electric Launches Heavy Duty Cargo Scooters Starting Rs 59,000 Updated On Thu, Jul 15th, 2021 by Saurenergy Indian last mile delivery app Zypp Electric has announced the launch of “India’s first B2B heavy duty electric scooter”- Zypp Cargo. The company has priced the single-battery scooter at Rs 59,000 and the double-battery model at Rs 74,000. The company says that this heavy-duty scooter is specially built for last-mile logistics, can load upto 250 kg and […] Read more
KERC Rejects BCCL Plea, But Penalises KSEB For Tardy Billing Updated On Thu, Jul 15th, 2021 by Saurenergy In an order that should set a useful precedent for the law of limitation, as far as claims go, the Kerala State Electricity Regulatory Commission (KERC) has issued an order favouring Kerala State Electricity Board Limited (KSEB Ltd), which had charged Bennett Coleman & Co Ltd, or the Times of India Group (BCCL) with HT […] Read more
Zhongnan Group Starts Construction of a New 5 GW Solar Factory Updated On Thu, Jul 15th, 2021 by Saurenergy The Zhongnan Group recently held a ceremony to set up a new solar production plant whose annual manufacturing capacity is said to be 5 GW. The group is the main investor behind the well-known electric services company ReneSola, which is known for selling solar PV modules globally. The ceremony was held in Hai’an Economic Development Zone […] Read more
Microsoft Commits to New Climate Goals: 100/100/0 by 2030 Updated On Thu, Jul 15th, 2021 by Saurenergy Tech giant Microsoft has announced new goals: by 2030, the company will have 100% of its electricity consumption, 100% of the time, matched by zero carbon energy purchases. The new commitment expands the scope of Microsoft’s existing aims to execute power purchase agreements equivalent to 100% of its energy needs by 2025. “At Microsoft we […] Read more
