IOC Sets Sights on RE Capacity Addition, EV Charging Among Others in Restructuring Spree Updated On Mon, Feb 27th, 2023 by Saurenergy The Chairman of Indian Oil Corporation (IOC) Shrikant Madhav Vaidya has said that the CPSU has set its sights on green hydrogen plants at all its refineries. The timeline for this goal has been set for 2047. The announcement comes as part of the Rs 2 lakh crore planned for green transition towards net-zero emissions. […] Read more
European Investment Bank Greenlights India’s Large Scale Hydrogen Projects with 1Bn Euro Updated On Thu, Feb 9th, 2023 by Saurenergy In a major announcement that will give India’s Hydrogen projects a push, the European Investment Bank (EIB) has given its nod on joining the India Hydrogen Alliance (IH2A) and provide impetus to green hydrogen hubs on large scale for projects located in India. Following Indian government and EIB approvals, the funding is pegged at close […] Read more
Rajasthan to Welcome 1 GW Renewable Energy Projects from BPCL Updated On Tue, Jan 24th, 2023 by Saurenergy PSU refiner Bharat Petroleum Corporation Ltd (BPCL) will be establishing renewable projects worth 1 GW of capacity in the state of Rajasthan. Towards this goal, an MoU has been signed between the Government of Rajasthan and BPCL. Details with respect to the timeline and investment have not been shared. The firm has set out on […] Read more
Association of Renewable Energy Agencies of States & Industry Body CMAI Join Hands Updated On Thu, Jan 19th, 2023 by Saurenergy Industry body Carbon Markets Association of India (CMAI) and Association of Renewable Energy Agencies of States (AREAS) have forged a partnership. They have joined hands to share knowledge and information on developments that are policy and regulations related. The two will work together for making progress in the carbon market and to encourage the set […] Read more
US Continues to be Most Attractive Market for RE Investment as China Follows; India Claims 7th Spot Updated On Tue, Jan 10th, 2023 by Saurenergy EY has released a report that provides an insight into the world’s 40 most attractive markets for renewable energy investment. The US has retained the top spot for years on EY’s list and in the latest edition too, the United States continues to be the most lucrative market for renewable energy investments. The Inflation Reduction […] Read more
Though India’s RE, EV Subsidies More Than Double in FY22, Support Low Vis-a-vis Ambition Updated On Wed, Dec 21st, 2022 by Saurenergy A study entitled ‘Mapping India’s Energy Policy’ a study conducted by IISD has made significant observations about subsidies in the renewable energy and EV sector and the government support extended to these sectors by way of subsidies. The key observations are as follows: Subsidies for fossil fuels on the declining trend, but RE, EV subsidies […] Read more
Cleanmax To Add 33.8 MW of RE Projects With Support From Meta Updated On Wed, Dec 14th, 2022 by Saurenergy To invest in 33.8 MW of brand-new renewable energy projects in India, Mumbai-based CleanMax Enviro Energy Solutions (CleanMax) has teamed up with Meta, the world’s largest internet corporation that owns facebook, Instagram and Whatsapp, among other properties. The projects will feature 21.6 MW of wind and 12.2 MW of solar power systems. The previous year, […] Read more
Djibouti Inks Pact For 10-GW Renewables & Green Hydrogen Project Updated On Thu, Dec 8th, 2022 by Saurenergy A Memorandum of Understanding (MoU) has been signed between renewable energy developer CWP Global and the government of Djibouti for the development of a 10-GW renewable energy and green hydrogen project in Djibouti. Djibouti presently has a mere 62% of its population that has access to electricity. CWP Global held that the RE project is […] Read more
eBikeGo’s Arm Vajram Electric Raises $1.5 Mn in Seed Funding Round Updated On Wed, Nov 23rd, 2022 by Saurenergy Mumbai-based OEM service provider and also a wholly owned subsidiary of eBikeGo company, Vajram Electric, recently raised $1.5 mn in seed funding round that was led by High Networth Individuals, such as Nikul Gala and family and included other well-known HNIs, including Anil Basa, Cyprian D’mello, and others. Vajram Electric is looking to create a […] Read more
