IEX Reports 8% Rise In Net Profit In Q1 On YoY Updated On Fri, Jul 28th, 2023 by Saurenergy The Indian Energy Exchange (IEX) has announced its financial results for Q1 of FY 24. The overall picture of the report revealed that while the leading Indian energy exchange firm witnessed a rise in its income and net profit on a year-on-year basis, its income and net profit plunged on Quarter-on-Quarter (QoQ) basis. The unaudited […] Read more
Top 5 Takeaways From Global Q2 Renewables Report Updated On Wed, Jul 26th, 2023 by Saurenergy The latest Global Renewable Market Update for Q2 by Edison Energy has shed light on the changing dynamics of the renewable energy market in the United States (US) and European Union (EU). The report discussed the price transition of renewable energy Power Purchase Agreements (PPAs) in these two regions. Following are the five top takeaways […] Read more
Row Over Misuse of FAME-II Subsidies Reaches Parliament Updated On Wed, Jul 26th, 2023 by Saurenergy The ongoing controversy over the misuse of the Union government’s FAME-II scheme recently reached the corridors of the Indian Parliament. The development comes after the Union government was recently forced to take action against the errant Electric Vehicle (EV) manufacturers who allegedly flouted the scheme norms to claim subsidy. In the latest Monsoon Session of […] Read more
CERC Allows HPX To Introduce HP-DAM, HP-TAM & HP Contingency Updated On Tue, Jul 25th, 2023 by Saurenergy The Central Electricity Regulatory Commission (CERC), in its latest order, allowed a petition by the Hindustan Power Exchange (HPX) to introduce High Price (HP) Day-Ahead Market (DAM), HP-TAM (Term-Ahead Market) and HP Contingency. HPX is one of India’s three operational power exchanges besides IEX and PXIL. Earlier, the CERC had approved the pleas of IEX and […] Read more
9 EV Financing Startups in India Accelerating EV adoption Updated On Fri, Jul 21st, 2023 by Saurenergy The electric vehicle (EV) revolution in India is gaining momentum, driven by technological advancements, environmental consciousness, and government initiatives. With growing awareness of its benefits, electric vehicles (EVs) are emerging as a promising choice for prospective vehicle buyers. In the first half of CY2023, the EV sales crossed the 100,000-unit mark on average each month, […] Read more
Asia, America To The Rescue For German PV Machinery Makers Updated On Thu, Jul 20th, 2023 by Saurenergy A release from the VDMA ( German Mechanical Engineering Federation ) says that sequential sales and orders for Q1/2023 dropped 27% and 26% respectively for German solar PV equipment manufacturers. The drop was mainly due to drop in demand from the ‘home’ markets in the European Union (EU) . However, on a YoY basis, sales […] Read more
Masdar Raises US$750 Million Green Bond Updated On Thu, Jul 20th, 2023 by Saurenergy Abu Dhabi Future Energy Company PJSC – Masdar announced the successful completion of its first green bond issuance for US$750 million 10-year senior unsecured Notes today. Showing positive appetite from regional and international investors, the order book peaked at US$ 4.2 billion, i.e. oversubscription of 5.6x. Pricing tightened 35 bps between launch and final terms, […] Read more
Five Indian EV Cab Companies Decarbonising Urban Transport Updated On Wed, Jul 19th, 2023 by Saurenergy In the last few years, several indigenous electric-only cab services have come into the picture in India. While several of these firms tried to capitalize on the new emerging market, it also aided in decarbonizing the transport fleets in the country. Several of these locally-developed companies and startups, with their expanding fleets and plans, […] Read more
DelEVery Launches Its Flagship Electric Loader ‘XL200’ At Rs 1.14 L Updated On Wed, Jul 19th, 2023 by Saurenergy Tamil Nadu-based Future Motors Corporation’s commercial fleet ‘Delevery’ has unveiled its new flagship two-wheeler electric loader named XL 200. It has been crafted especially to cater to the loading and delivery needs of commercial businesses in the Indian market demands. The company has kept the ex-showroom price of the new product at Rs 1,14,900. It […] Read more
