E-2W, 3W To Witness Increase Uptake Despite FAME-II Subsidy Reduction: ICRA Updated On Fri, Mar 15th, 2024 by Saurenergy India-based investment information and credit rating agency (ICRA) estimated a surge in Indian electric two-wheeler e-2w, and e-3w three-wheeler (excluding e-rickshaws) penetration levels can reach 6-8% and 14-16% respectively in FY2025. The company opined that the government Electric Mobility Promotion Scheme 2024 is a timely move to support the adoption of electric vehicles (EV) in […] Read more
Pahal Solar Starts Building 1.8 GW Solar Module Manufacturing Facility in Gujarat Updated On Mon, Feb 19th, 2024 by Saurenergy Gujarat-based Solar PV Manufacturer Pahal Solar held its groundbreaking ceremony regarding the construction of a manufacturing facility. The facility will lead the production of 1.8 GW of advanced photovoltaic modules in Atodara, Olpad, Gujarat. According to the press document, the company stated that the manufacturing facility promises to set new industry standards by ensuring a […] Read more
India’s Solar Module Manufacturing Capacity To Touch 60GW: Report Updated On Tue, Nov 7th, 2023 by Saurenergy A latest report from rating agency ICRA claimed that Indian solar module manufacturing could rise up to 60 Gigawatt (GW) by 2025. This is in contrast to the country’s current capacity of around 37 GW. The boost in the local solar module, as per the report, is likely due to the increased backward integration of […] Read more
IEA Says Solar PV Capacity Additions Will Slowdown In India In 2023 Updated On Mon, Jun 5th, 2023 by Saurenergy The new report by International Energy Agency (IEA) – Renewable Energy Market Update, June 2023 – has said that the utility-scale solar PV projects are expected to slow briefly in 2023 due to supply chain challenges, lower auction volumes and trade policies. The IEA report has shown concern as solar power is India’s largest renewable […] Read more
India’s EV transition Is More Resolute In The Three-Wheeler Industry Updated On Thu, Aug 4th, 2022 by Saurenergy By Harsha Bavirisetty According to a report from the Investment Information and Credit Rating Agency (ICRA), three-wheelers will spearhead the Indian EV journey because these vehicles have to travel fewer distances, carry more load and generally will make do with a day’s worth of charge. The new electric three-wheelers (e3w) sold in the country in […] Read more
Strong demand prospects for RE projects in C&I segment; regulatory risks key challenge: ICRA Updated On Mon, Mar 21st, 2022 by Saurenergy Demand prospects for renewable energy (RE) capacity addition in the commercial & industrial (C&I) segment remain solid, given the improved tariff competitiveness and growing sustainability/green initiatives by C&I players to meet their energy requirements through renewables, going forward, finds ICRA. If that sounds obvious, then the agency also flags risks, that really shouldn’t be there […] Read more
Icra Predicts Strong Demand for Domestic Solar OEMs with Policy Support Updated On Tue, Feb 22nd, 2022 by Saurenergy Business prospects of domestic solar original equipment manufacturers (OEMs) will remain strong aided by several policy measures over medium-term, rating agency Icra said. As a result, many domestic OEMs have announced sizeable capital expenditure to augment the cell and module capacity, including the capex for integrated facilities under PLI scheme by the winning bidders. However, […] Read more
ICRA Predicts 16 GW Capacity Addition For RE In FY23 Updated On Tue, Jan 11th, 2022 by Saurenergy The outlook for the capacity addition in the renewable energy (RE) sector remains strong with a large project pipeline of over 55 GW and the highly competitive tariffs offered by these projects. The commitment to climate change goals announced by the Prime Minister at the recent COP26 summit, including increasing the non-fossil power capacity to […] Read more
COP26 Commitments Likely to Attract Billions in Investment: ICRA Updated On Thu, Jan 6th, 2022 by Saurenergy The commitments on emission control made by India at the recent Glasgow COP26 summit are expected to benefit the country in the long-term with new technologies in energy efficiency, carbon reduction and green fuels etc, opines ratings agency ICRA in its recent research report. This is likely to attract investment in billions across sectors, predicts […] Read more