Adani After More Thermal Capacity, Acquires 49% Stake in OPGC Updated On Wed, Jun 24th, 2020 by Saurenergy Adani has picked up a minority stake in Odisha Power Generation Corporation (OPGC) – a thermal power generating company owned by the Government of Odisha. Fresh from its monumental win in the manufacturing linked solar power tender issued by the Solar Energy Corporation of India (SECI), the Adani Group has picked up a minority (49 […] Read more
Amazon Announces $2 Bn Fund to Support Sustainable Technologies and Services Updated On Wed, Jun 24th, 2020 by Saurenergy Amazon has announced a new Climate Pledge Fund to support the development of sustainable technologies and services with an initial USD 2 billion in funding Global e-commerce major — Amazon has announced a new Climate Pledge Fund to support the development of sustainable technologies and services that will enable Amazon and other companies to meet […] Read more
India Short Circuits Power Sector Imports, As China Shadow Looms Updated On Tue, Jun 23rd, 2020 by Saurenergy With material from China practically stuck at ports, ever since last week, when a border skirmish went out of control leading to fatalities on a hitherto ‘peaceful’ border, Power Minister R.K. Singh formally outlined a series of steps today, to combat the ‘risks’ of imports in the ‘strategic’ power sector. The measures, while stopping short […] Read more
PFC, REC, IREDA to Lend at Lower Rates; Imported Solar Products May Face BCD from August Updated On Tue, Jun 23rd, 2020 by Saurenergy After putting an end on all the speculations, the government on Tuesday has hinted about its intentions for the imposition of basic customs duty (BCD) in near future instead of its earlier plan for next year. On the matter, Power Minister RK Singh informed industry stakeholders via video conferencing about his Ministry’s proposal to implement […] Read more
New South Wales Pilot REZ Gets Proposals Worth 27 GW Updated On Tue, Jun 23rd, 2020 by Saurenergy The government of New South Wales has received proposals for 27 GW of wind, solar and battery storage projects for its pilot 3 GW REZ in the state. The government of New South Wales has revealed that the plan to create a 3-GW renewable energy zone (REZ) in the state has been met with phenomenal […] Read more
IFC Invests $10 Mn in Globaltronics to Improve Energy Efficiency in Egypt Updated On Tue, Jun 23rd, 2020 by Saurenergy IFC is investing in a local Egyptian company to help it expand the installation of digital prepaid and smart electricity meters in homes across Egypt. IFC, a member of the World Bank Group, is investing up to USD 10 million in a local Egyptian company to help it expand the installation of digital prepaid and […] Read more
Siemens Gamesa Bags 1.4 GW Offshore Wind Project Order for its 14 MW Platform Updated On Tue, Jun 23rd, 2020 by Saurenergy Siemens Gamesa has conditionally received an order for 100 units of its new SG 14-222 DD offshore wind turbines for innogy’s 1.4 GW Sofia Offshore Wind Farm Siemens Gamesa Renewable Energy has conditionally received an order for 100 units of its new SG 14-222 DD offshore wind turbines for innogy’s 1.4 GW Sofia Offshore Wind […] Read more
Rs 90,000 Crore Relief Package for Discoms a Non-Starter Updated On Tue, Jun 23rd, 2020 by Saurenergy The Rs 90,000 crore relief package for Discoms has been a non-starter as state governments are reluctant to extend guarantees on loans given to such Discoms The Union government’s ambitious Rs 90,000 crore relief package plan to inject liquidity for electricity distribution companies (Discoms) has been a non-starter as state governments are reluctant to extend […] Read more
Hyundai, Kia & LG Chem Looking to Invest in EV and EV Battery Startups Updated On Tue, Jun 23rd, 2020 by Saurenergy Hyundai, Kia and LG Chem are jointly sponsoring a global competition to identify up to 10 EV and battery startups for potential investment and collaboration With demand for EVs growing, Hyundai Motor Company, Kia Motors Corporation, and LG Chem are jointly sponsoring the “EV & Battery Challenge” (EVBC), a global competition to identify up to […] Read more
