India’s EV Market Jumps To 7.4% In 2024: SBI Caps Report Updated On Mon, Jan 27th, 2025 by Saurenergy The evolution of the electric auto industry revolution is in full swing—1 in 4 vehicles sold globally in CY24 was electric, a leap from 1 in 40 just five years ago, finds SBI Caps report. The report accredited this latest growth to lower operating costs, cushioned by tax breaks and subsidies making EVs more accessible […] Read more
Rajasthan: RERC Revises PLF Formula For Tariff Determination Updated On Mon, Jan 27th, 2025 by Saurenergy The Rajasthan Electricity Regulatory Commission (RERC) has now planned to revise the Plant Load Factor (PLF) formula to integrate more factors in the determination of tariffs. The state power regulator in while hearing the suggestions of the stakeholders over its draft RERC (Terms and Conditions for Determination of Tariff) Regulations 2025 passed the order. The […] Read more
Husk Power, Acumen Tie Up To Boost Solar Mini-Grids In Congo Updated On Mon, Jan 27th, 2025 by Saurenergy Husk Power and Acumen today announced $500,000 funding in the form of a grant from Acumen’s Hardest-to-Reach (H2R) initiative to support the company’s entry into the Democratic Republic of Congo (DRC), growing access to decentralized renewable energy solutions in the world’s second-largest population living without access to electricity. Announced at the Mission 300 Africa Energy […] Read more
Indus Towers Plans To Foray Into EV Charging Infrastructure Space Updated On Fri, Jan 24th, 2025 by Saurenergy Indus Towers, a telecom tower infrastructure provider, has decided to explore business opportunities in the Electric Vehicle (EV) charging infrastructure sector. The company received approval from its Board of Directors to proceed, subject to a prudential framework. This comes after the firm already tried its hands on the same through some pilot projects. Indus Towers […] Read more
Europe: Solar Surpasses Coal With 11% Growth In 2024 Updated On Fri, Jan 24th, 2025 by Saurenergy European Union (EU) in 2024 witnessed an 11% rise in solar-generated electricity overtaking coal which fell below 10%. European Electricity Review by Ember said. The latest review by think tank Ember, identified, a decline in gas generation in the EU for the fifth year in a row, and total fossil generation also fell to a […] Read more
IEX Q3 Results-Revenues Up 13.7%, PAT Up 22.8% Updated On Fri, Jan 24th, 2025 by Saurenergy Indian Energy Exchange (IEX), the largest electricity trading exchange in India, has reported its results for the third quarter of FY25. The firm reported electricity volumes of 30.5 Billion Units in Q3FY’25, a 15.9% increase from 26.3 BUs in Q3 FY’24. Renewable energy certificates in Q3FY’25 at 26.52 lakhs, increased 31% from 20.24 lakh in […] Read more
KSERC Clears KSEBL’s PSA With SECI For 500 MW Project Updated On Thu, Jan 23rd, 2025 by Saurenergy The Kerala State Electricity Regulatory Commission (KSERC) recently reviewed a petition filed by the Kerala State Electricity Board Ltd. (KSEBL) seeking approval for a Power Sale Agreement (PSA) with the Solar Energy Corporation of India (SECI). The agreement entails procuring 500 MW of power, including 250 MW allocated for two hours of peak power supply […] Read more
Delayed Payment: MERC Asks MSEDCL To Pay Penalty To RE Firms Updated On Thu, Jan 23rd, 2025 by Saurenergy The Maharashtra Electricity Regulatory Commission (MERC) has directed the state power utility, MSEDCL, to pay penalties with interest to two biomass energy generators for delayed payments. The order came after the two renewable energy generators approached MERC against MSEDCL over the issue. The two companies—Manas Agro Industries and Infrastructure Limited (MAIIL), Wardha, and MAIIL Nashik—had […] Read more
Gujarat Govt. Provides Funding For Solar Plants At 60 Sites, 32 Municipalities Updated On Wed, Jan 22nd, 2025 by Saurenergy The Gujarat Chief Minister’s Office (CMO) backs municipalities to establish solar power plants to produce green-clean energy in the state. CM Bhupendra Patel announced, that he has adopted an eco-friendly approach to further strengthen Gujarat’s leadership in the renewable energy sector. He intends to extend it to local self-government institutions through these projects. Patel has […] Read more
