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
PM KUSUM: Ambitions Continue to Overpower Ground Work in 2023 Updated On Fri, Dec 15th, 2023 by Saurenergy The Union Minister for New & Renewable Energy and Power R.K. Singh has informed that 2.73 lakh standalone solar pumps have been installed under PM-KUSUM as on October 31, 2023. Not surprisingly, Component A has barely seen installations, with Component C being disappointing. Component B has fared better relatively. Component A Installations Fail to Impress […] Read more
Delhi Adds 500 New Electric Buses, Total Numbers Touch 1300 Updated On Thu, Dec 14th, 2023 by Saurenergy Today, the Delhi government flagged off 500 new electric buses. With the addition of 500 new buses, the total number of electric buses in the national capital touched 1300, the largest number of buses in any city. Delhi Lieutenant Governor VK Saxena and Delhi Chief Minister Arvind Kejriwal attended the flagging-off event of the new […] Read more
UP Identifies 195 Acres Of Land To Setup Solar Plants Under PM-KUSUM Updated On Thu, Dec 14th, 2023 by Saurenergy In its latest notification, the Uttar Pradesh New and Renewable Energy Development Agency (UPNEDA) listed a total identified land of up to 195 acres under the PM-KUSUM scheme. The department said that this land parcel, owned by the government’s farmers in some places, could be diverted for setting up grid-connected solar power plants under the […] Read more
US-India Energy Storage Task Force Commences Operations Updated On Tue, Dec 12th, 2023 by Saurenergy The United States (US)-India Energy Storage Task Force, first announced in October 2022 Ministerial meeting of the US-India Strategic Clean Energy Partnership (SCEP) held between Indian Minister of Petroleum and Natural Gas, Hardeep Singh Puri and US Energy Secretary Jennifer Granholm, commenced operations today. The public-private US-India Energy Storage Task Force (ESTF) was established by […] Read more
ReNew Signs MoU with Asian Development Bank for US$ 5.3 billion Funding Updated On Tue, Dec 5th, 2023 by Saurenergy ReNew Energy Global Plc (“ReNew”), on Sunday, signed a Memorandum of Understanding (MoU) with the Asian Development Bank (ADB) to collaborate on climate change mitigation and adaptation projects. The MoU covers projects with investment value of more than US$ 5.3 billion between 2023 and 2028. The MoU was signed at COP28, Dubai by ReNew’s Founder, […] Read more
US Proposes Norms To Counter Chinese Domination In Battery Manufacturing Updated On Mon, Dec 4th, 2023 by Saurenergy The US Department of Treasury and the IRS (Internal Revenue Service) has now proposed guidelines on clean vehicles credits under the Inflation Reduction Act (IRA). It is expected to lower costs for consumers, spur growth in the US vehicle manufacturing, and strengthen energy security. The move is also likely to reduce the dependency of the […] Read more
Haryana Opens Up PM-KUSUM Portal For Solar Pump Applicants Updated On Fri, Nov 24th, 2023 by Saurenergy The Haryana New and Renewable Energy Department has now opened the PM-KUSUM scheme state portal. In a public notice, the department announced the opening of the same from November 22 to November 30 for the solar pump applicants. The department said that the beneficiaries can use the state portal to submit their share of the investment […] Read more
Delhi Premium Bus Aggregator Policy Exempts E-Buses From Licence Fee Updated On Tue, Nov 21st, 2023 by Saurenergy The Delhi transport department issued its Premium Bus Aggregator Policy to pave the way for pre-booking of buses and aggregation. The new rules will govern the licensing of premium buses and their operation in the territory of Delhi. The notification defined an aggregator as “a digital intermediary or a fleet owner or a marketplace for a […] Read more
