EVIFY Raises $1.3 Million From Piper Serica Angel Fund Updated On Thu, Jan 11th, 2024 by Saurenergy EVIFY, a Surat-based Electric Vehicle (EV) logistics startup, has announced that it raised $1.3 million in funding in a ‘Pre-Series A’ round led by venture capital firms GVFL and Piper Serica Angel Fund. Existing investors, ‘We Founder Circle’ and ‘IVY Growth’, along with a few angel investors, also participated in the round. The startup, EVIFY […] Read more
Pinewood, Braithwaite collaborate to develop 500 MW solar project of MSEDCL Updated On Thu, Jan 11th, 2024 by Saurenergy Indian renewables’ investor Pinewood Systems (PSPL) has said that it has formed its “executive team” that will develop the company’s upcoming 500 MW Solar Project in collaboration with Braithwaite & Co., a public sector under the Ministry of Railways. Satish Jha, Chairman, Pinewood Systems said that the board has chosen a high-performing team educated at […] Read more
2023 Hottest Year On Record, But Solar Power Delivers Updated On Thu, Jan 11th, 2024 by Saurenergy Europe based Solargis, focused on solar data and software, has analyzed the annual performance of solar irradiance for 2023, revealing the trends and variations of solar irradiance across the globe. The analysis shows that global solar irradiance remained relatively stable or increased in some regions, despite the record-breaking heat and extreme weather events driven by […] Read more
MERC Imposes 45L Penalty On MSEDCL Over Non-Compliance Updated On Wed, Jan 10th, 2024 by Saurenergy In its latest judgment, the Maharashtra Electricity Regulatory Commission (MERC) imposed penalties on the Maharashtra State Electricity Distribution Co. Ltd (MSEDCL) over non-compliance issues. The Maharashtra power regulator passed the Order after Harshwardhan Jadhav, an ex-MLA, moved MERC, seeking action against the state discom. In his petition before the MERC, the petitioner blamed the MSEDCL for non-compliance with the […] Read more
With Lowest Bid Of Rs 3.15, Only Three Winners For SECI 2000 MW Tranche VII Hybrid Tender Updated On Wed, Jan 10th, 2024 by Saurenergy NTPC Renewable Energy, Juniper Green Energy and Sembcorp emerged as the only three bidders acceptable to Solar Energy Corporation of India (SECI) for the 2000 MW ISTS connected Hybrid projects. With bids received for only 1265 MW, SECI had reduced available capacity to 1012 MW at 80% of aggregate bid capacity. The results for the […] Read more
CERC Awards Compensation To Torrent Power Over Surged GST Rates Updated On Wed, Jan 10th, 2024 by Saurenergy The Central Electricity Regulatory Commission (CERC), in its latest judgment, awarded compensation to a subsidiary of Torrent Power against the rise of Goods and Services Tax (GST). Its subsidiary– Torrent Solargen Limited (TSL), is a generating company. It had set up its 115 MW ISTS-connected wind power project in the Kutch district of Gujarat. The company […] Read more
US Likely To Increase Solar Generation By 5.6% In 2024: EIA Outlook Updated On Wed, Jan 10th, 2024 by Saurenergy The US Energy Information Administration (EIA) in its short-term energy outlook, anticipated solar electric generation to become the leading source of growth in the US electric power sector. It elaborated, “In our January Short-Term Energy Outlook (STEO), which contains new forecast data through December 2025, we forecast new capacity will boost the solar share of […] Read more
Assam Launches App-Based Electric Bike Booking System Updated On Wed, Jan 10th, 2024 by Saurenergy The Assam State Corporation of India (ASTC) has developed an online mobile application (app – based service) to book electric bike for its cities with the support of Bycosi Ecotech Pvt Ltd, a Guwahati-based social enterprise. Assam has already rolled out electric buses earlier with the partnership from Tata Motors. It has now introduced electric […] Read more
China-based Solar N Plus, GCLSI Record Key Solar Wins In India Updated On Wed, Jan 10th, 2024 by Saurenergy Chinese firms, for all the worries on extension of ALMM (Approved Lists of Modles and Manufacturers) exemptions post March 2024, continue to make progress with Indian customers. First up, Solar N Plus New Energy Technology Co., Ltd. (Solar N Plus), a leading manufacturing expert in TOPCon technology and a subsidiary of Lanfeng Bio-chemical Co., Ltd. […] Read more
