Romania Gets €259 Million EU Aid for Solar Panels & Battery Production Updated On Fri, Feb 17th, 2023 by Saurenergy Europe is speeding for timely transition to clean energy to avoid climatic changes. In a key development, the European Commission has approved a EUR 259 million scheme to support investments in the production, assembly and recycling of batteries, of photovoltaic cells and of panels in Romania. The new funding is approved under EU State aid rules […] Read more
As More States Define EV Policies, Consistency and Relevance Key To Impact-Climate Trends Updated On Fri, Feb 17th, 2023 by Saurenergy Enabling policies both at national and state level have made the environment conducive for e-mobility in India. The figures speak for themselves. Of the 36 states and Union Territories in the country, 26 have released EV policies over the last 5 years, with 16 of them being released between 2020 and 2022. A study by […] Read more
The Top 5: Countries Offering Highest Incentives To EV Consumers Updated On Fri, Feb 17th, 2023 by Saurenergy Passenger cars account for nearly 45 per cent of global greenhouse gas emissions from the transport industry across the globe. In recent times, proper weightage has been given to the vehicles, deriving their mileage from renewable sources, in global efforts to bring down emissions. The enthusiasm, coupled with technological advancements, has made it possible for […] Read more
India Gets Its First Set Of E-Double Decker Buses in Mumbai Updated On Thu, Feb 16th, 2023 by Saurenergy Mumbai’s Brihanmumbai Electric Supply and Transport (BEST) received its first set of E-double decker buses -Switch EiV 22- manufactured by Switch Mobility. Switch Mobility is a subsidiary of Hinduja Group flagship Ashok Leyland and is a manufacturer of next-generation electric bus and light commercial vehicle manufacturer. The electric double deckers are lightweight buses made of […] Read more
EV Manufacturers Optimistic About New EV Policy Announced by Tamil Nadu Updated On Wed, Feb 15th, 2023 by Saurenergy Last month, when most States began the year on a note of optimism around EVs, uncertainty loomed large over Tamil Nadu’s EV sector. The State, which had offered multiple incentives for EVs, fell silent on the extension of the same, which concluded on December 31, 2022. This, of course, was followed by worry from EV […] Read more
The Story of Yichun: The Lithium Capital of Asia Updated On Wed, Feb 15th, 2023 by Saurenergy Yichun is a mountainous prefecture-level city in western/northwestern Jiangxi Province, China, bordering Hunan to the west. The city is famously known as the Lithium Capital of Asia, as a result of the mammoth availability of the resource in the region. The city produced around 81,000 tons of lithium carbonate in 2021 – more than a […] Read more
PFC’s Consolidated Profit Climbs 7% at Rs 5241 Cr in Dec Quarter Updated On Tue, Feb 14th, 2023 by Saurenergy State-owned non-banking financial firm Power Finance Corporation (PFC) has reported a 7% increase in its consolidated profit, standing at Rs 5,241.10 crore in December quarter. Higher revenues have contributed to this increase. PFC’s consolidated net profit was pegged at Rs 4,893.91 crore in FY22 October-December quarter. The cumulative income of the firm rose to Rs […] Read more
HPX Concludes 1st e-Reverse Auction Updated On Tue, Feb 14th, 2023 by Saurenergy Hindustan Power Exchange Ltd. (HPX), India’s third power exchange that counts PTC India Ltd, Bombay Stock Exchange, and ICICI Bank among its key backers has successfully concluded its 1st e-Reverse Auction (e-RA) based long duration contract for Indian Railways on February 12. The exchange simultaneously logged its highest single day volume of 36.18MUs. The first […] Read more
Vast Solar Gets $65 Million Funding from ARENA for Australia’s Concentrated Solar Plant Updated On Tue, Feb 14th, 2023 by Saurenergy The Australian Renewable Energy Agency’s (ARENA) has announced a funding of $65 million to renewable energy developer Vast Solar to help the firm deliver its VS1, the 30 MW/ 288 MWh concentrated solar plant in Port Augusta, South Australia. The funding is expected to create hundreds of jobs and be the catalyst for an Australian […] Read more
