India’s RE Sector Saw FDI Equity Investment of USD 6,137.39 Mn in Last 3 Financial Years Updated On Wed, Dec 20th, 2023 by Saurenergy The Minister for New & Renewable Energy and Power, R.K. Singh, disclosed measures taken to entice Foreign Direct Investment (FDI) into India’s renewable energy sector. Currently, India’s FDI policy permits up to 100% investment in the renewable energy sector through the automatic route. According to the Department for Promotion of Industry and Internal Trade (DPIIT), […] Read more
Hindalco Joins Hands with USA’s C4V to Develop Battery Material Updated On Wed, Dec 20th, 2023 by Saurenergy C4V, a firm specializing in Li-Ion battery technology based in the United States, has entered into a Memorandum of Understanding (MOU) with Hindalco Industries. This agreement focuses on producing and delivering aluminum foils, coated foils, and structural components specifically tailored for Li-ion cells, serving the expanding market for EV battery materials. The collaboration’s primary objective […] Read more
Saudi’s ACWA Power in PPA with South Africa for Dispatchable RE Project of 150 MW Updated On Wed, Dec 20th, 2023 by Saurenergy Saudi-based clean energy firm ACWA Power, has entered into a Power Purchase Agreement (PPA) for a project known as, ‘ACWA Power Project DAO’ to be established in South Africa. The initiative is for a dispatchable renewable hybrid plant of 150 MW capacity. The signatories of the agreements included Gwede Mantashe, Minister of Mineral Resources and […] Read more
Panasonic Selects 12 Startups as Part of Corporate Accelerator Program Updated On Tue, Dec 19th, 2023 by Saurenergy Panasonic Life Solutions India (PLSIND) and Panasonic Corporation (PC) in collaboration with a leading seed stage venture capital (VC) – 100X.VC announced the shortlist of 12 start-ups from over 140 entries received for the ‘Panasonic Ignition’ Corporate Innovation accelerator program. Panasonic aims to mentor, guide, and fund early to mid-stage startups that are creating innovative […] Read more
Ultratech To Not Pay Unnecessary Charges For Captive Solar Plant: RERC Updated On Tue, Dec 19th, 2023 by Saurenergy The Rajasthan Electricity Regulatory Commission (RERC) in its latest judgement exempted Ultratech and its Special Purpose Vehicle (SPV)-Amplus Dakshin Private Limited (ADPL) against payment of cross subsidy, water cess and other charges for a captive solar plant based in Rajasthan. As per the petition of Ultratech Cement Limited (UTCL), ADPL was incorporated as a SPV […] Read more
Wind Turbine Manufacturer Suzlon Partners with REC for Working Capital Lines Updated On Tue, Dec 19th, 2023 by Saurenergy Indian wind turbine manufacturer, Suzlon Group has announced the execution of definitive documents for securing working capital facilities with REC Limited. Suzlon will utilise this facility for meeting working capital requirements for the execution of its current order book and future order pipeline. This initiative will enable the firm to ensure faster ramp-up of its […] Read more
MERC Rejects MEDA’s Plea For 50% Local RE Procurement By Discoms Updated On Tue, Dec 19th, 2023 by Saurenergy The Maharashtra Energy Development Agency had filed a petition with the Maharashtra Electricity Regulatory Commission (MERC) asking it to issue appropriate directions to distribution licensees (discoms) to meet 50% of total Renewable Purchase Obligation (RPO) requirement by purchase of energy from Renewable Sources within the State. Maharashtra has achieved installed capacity of 10,799 MW as […] Read more
Li-ion Battery Recycling Firm BatX Energies Raises $5 Million Funding Updated On Tue, Dec 19th, 2023 by Saurenergy Indian Lithium-ion battery recycling firm BatX Energies raised $5M in Pre-Series A Funding, fueled by Zephyr Peacock in participation with Lets Venture, and existing investors JITO Angel Network and Family offices of Mankind Pharma, Excel Industries, BluSmart and others. Setting up the momentum for the Lithium-ion Battery recycling industry in India, the funds will turbocharge […] Read more
BSPGCL Looks for Solar Developer for 185 MW PV Project with 254 MW BESS Updated On Tue, Dec 19th, 2023 by Saurenergy The Bihar State Power Generation Company Ltd (BSPGCL) has issued a tender looking for a solar developer for the development of a 185 MW solar project in Kajra, Lakhisarai district. It will be supplemented by a 254 MW Battery Energy Storage System. The Battery Energy Storage System must be established for power delivery of a […] Read more
