Venture Capital Firm SphitiCap Contributes $9 Million to Corrit Electric’s Series A Funding Updated On Thu, Nov 17th, 2022 by Saurenergy Noida-based fast-growing electric mobility brand, Corrit Electric has secured $9 million in Series A funding from Noida-based founder-focused, early-stage venture capital firm, SphitiCap. Corrit Electric’s investment from SphitiCap will enable it to further its goal of putting 1,50,000 Corrit Electric bikes on the road over the next three years, ramp up its current production plant, […] Read more
Tata Power Solar & Union Bank Collaborate to Finance Rooftop Solar for MSMEs Updated On Thu, Nov 17th, 2022 by Saurenergy One of India’s oldest and largest public sector banks, Union Bank of India (UBI) has partnered with Tata Power Solar Systems Limited (TPSSL) to support the MSME (Micro, Small, and Medium Enterprises) sector’s transition to solar energy (Finance Rooftop Solar). Tata Power Solar Systems Limited (TPSSL) is a wholly-owned subsidiary of Tata Power Renewable Energy […] Read more
Indonesia Inks JETP Deal for $20 Billion Investment in Renewables at G-20 Updated On Thu, Nov 17th, 2022 by Saurenergy At the mega meet of the G-20 countries in Bali, host Indonesia has inked deals with major countries and international institutions to attract some $20 billion to help the Southeast Asian country increase the use of renewable energy and reduce reliance on coal. The agreement is called ‘Just Energy Transition Partnership,’ or JETP that will […] Read more
APDCL Invites RFS For Two Solar Projects With Cumulative Capacity of 150 MW Updated On Thu, Nov 17th, 2022 by Saurenergy Assam Power Distribution Company Limited (APDCL) has invited the request for selection (RFS) for two solar projects / tenders with a cumulative capacity of 150 MW including 100 MW of grid-connected floating solar PV projects and 50 MW of grid-connected ground-mounted solar PV projects. The last date for submitting the online bid for both tenders […] Read more
ReNew Power & Egyptian Govt Sign Framework Agreement for Green Hydrogen Plant Updated On Wed, Nov 16th, 2022 by Saurenergy Renewable energy conglomerate, ReNew Power and the Egyptian government have signed a framework agreement for the construction of an $8 billion green hydrogen plant in the Suez Canal Economic Zone. The green hydrogen production capacity of the plant is anticipated to be 220,000 tonnes per year. Following the Memorandum of Understanding (MoU) signed in July […] Read more
EY Index Says Volatile Conditions Accelerate Global Renewables Market Updated On Wed, Nov 16th, 2022 by Saurenergy EY has released its latest index ‘Renewable Energy Country Attractiveness Index (RECAI 60)’ that shows that governments around the world are accelerating their renewables programs to help reduce their reliance on imported energy, in the face of continuing geopolitical tensions and economic uncertainty. RECAI 60 ranks the world’s top 40 markets on the attractiveness of […] Read more
PV Inverter Brand GoodWe’s India Solar Story Continues With New Projects Updated On Wed, Nov 16th, 2022 by Saurenergy A top name in the world of PV inverters and energy storage solutions manufacturing globally, China-based GoodWe continues to make an impact in India. Each new local project in India installed by the firm goes to add to its portfolio and reputation as a dependable partner.. Take the 4 MW Lemzon Granito utility project in […] Read more
A South American Success Story In Renewables – Chile Updated On Wed, Nov 16th, 2022 by Saurenergy South American nation Chile has emerged as a surprise success story when it comes to adding renewables. The country has nearly 22 per cent of its electricity demand met by solar and wind farms. The country is an over-achiever, making impressive progress since 2008, the year Chilean Law set the Non-Conventional Renewable Energy Target to […] Read more
Tata Power Delhi Distribution, TERI in Partnership for Sustainable Future Updated On Wed, Nov 16th, 2022 by Saurenergy A joint venture between Tata Power and the Government of Delhi, Tata Power Delhi Distribution Limited (Tata Power-DDL), a power utility that supplies electricity to a population of more than 7 million in North Delhi, has forged a partnership with The Energy and Resource Institute (TERI) to encourage Urja Arpan initiative. The cooperation set sights […] Read more
