GM And LG Joint Venture To Get $2.5 Billion Federal Loan For US Battery Plant Updated On Wed, Jul 27th, 2022 by Saurenergy Ultium Cells – the new joint venture by General Motors and LG Energy Solutions is expected to give a fillip to lithium ion battery cell production in America after the US Department Of Energy (DOE) has announced granting it a loan of $2.5 billion. The DOE has said that is in the process of reviving […] Read more
NLC India Floats 500MW Solar Tender (ISTS-Connected) On Pan-India Basis Updated On Wed, Jul 27th, 2022 by Saurenergy Neyveli Lignite Corporation Limited (NLC) India has invited bids for the setting up of 500 MW ISTS connected Solar Power Project on pan-India basis. The last date for submitting the bid for this 500 MW solar power project is August 24, 2022, and bids will be opened on the same day. NLC India (Neyveli Lignite […] Read more
APTEL Provides Relief To CSP Developers On Force Majeure Grounds Updated On Wed, Jul 27th, 2022 by Saurenergy In an important judgement that will hopefully close the chapter on a festering dispute, the Appellate Tribunal for Electricity (APTEL) has allowed multiple developers stuck with Concentrated Solar Thermal (CSP) projects to get relief from liabilities, caused due to lower DNI (Direct Natural Irradiance) than they had assumed when bidding. The developers impacted include Godavari […] Read more
MNRE Minister Khuba Tells Parliament 123 GW Of Solar Capacity Either Commissioned Or In Pipeline Updated On Wed, Jul 27th, 2022 by Saurenergy Minister of State for New and Renewable Energy Bhagwanth Khuba informed the Rajya Sabha in his written reply on July 27 that a solar energy capacity of 123.11 GW has either been commissioned till June or is in the pipeline against the target of 100 GW solar capacity by December 2022. The written reply reads […] Read more
Nordex Group To Supply Turbines For 148 MW Wind Farm In Finland Updated On Wed, Jul 27th, 2022 by Saurenergy The Nordex Group has announced that a consortium comprised of the Finnish energy utility Helen Oy and Alandsbanken Wind Power Fund has commissioned the Nordex Group to supply and install 25 N163/5.X turbines for the 147.5 MW Karahka Wind Farm in Finland. The official statement held that the order also includes the Premium Service for […] Read more
Unigel Builds First Industrial-Scale Green Hydrogen Plant in Brazil Updated On Wed, Jul 27th, 2022 by Saurenergy Chemical conglomerate and multinational Unigel has announced that it has installed the first industrial scale green hydrogen plant in Brazil. Unigel has invested a total of $120 million in the development of the production site for green hydrogen that relies on the Thyssenkrupp Nucera technology which it calls to be world-leading. Unigel will start production […] Read more
Moto Business Service Forays Into EV With FullFily Updated On Wed, Jul 27th, 2022 by Saurenergy Moto Business Service India (MBSI), a leasing firm of Yamaha Motors, has announced its decision to enter into a partnership with Chennai-based FullFily, marking its foray into electric two and three-wheelers asset management services. The terms and conditions of the proposed partnership devolves upon Moto Business Service India (MBSI) the responsibility to manage electric two […] Read more
Trina Solar Passes 8GW Solar Module Shipment Milestone For India Updated On Wed, Jul 27th, 2022 by Saurenergy Trina Solar has shipped more than 8GW of solar modules to India since 2010, supplying to PV projects in all three segments of residential, commercial and industrial and utility. “Solar modules for commercial and industrial (C&I) businesses accounted for 60% of Trina Solar’s shipments to India last year and in 2022’s first quarter, while about […] Read more
With 90% Growth In PAT In Q1 FY23, Tata Power Rides 48% Jump In Revenues Updated On Tue, Jul 26th, 2022 by Saurenergy One of India’s largest integrated power companies, Tata Power has today announced its results for Q1FY23 reporting a 90% YoY increase in consolidated quarterly PAT as compared to Q1FY22, registering its 11th consecutive year-on-year quarterly growth in PAT. Quarterly Highlights – Q1FY23 Tata Power’s consolidated PAT before Exceptional Items is up by 90% at ₹884 crore […] Read more
