GERC Provides Only Interim Relief On Replacement of Modules For Old Solar Project Updated On Mon, Feb 6th, 2023 by Saurenergy In a recent order in January, the Gujarat Electricity Regulatory Commission (GERC), when faced with a petition seeking permission to replace solar modules on a project ‘damaged’ by floods, chose to provide interim relief only, reserving the tight to take a final view on the issue. The matter at hand is a very interesting case, […] Read more
Budget Reactions- Industry Hopes Green Credit, Transmission Focus And More Will Deliver Updated On Thu, Feb 2nd, 2023 by Saurenergy Budget 2023-2024, lacking any big ticket announcements save the focus on green growth has been welcomed guardedly by industry. Plaudits have come from the EV sector, where the exemptions granted for Lithium Ion battery manufacturing have been welcomed. However, solar developers have been left hoping that the focus on transmission will strengthen the grid, helping […] Read more
EV Industry Pins Hopes on GST Cuts, Charging Infra, FAME, PLI for Budget 2023 Updated On Mon, Jan 30th, 2023 by Saurenergy Though at its nascent stage, the EV sector has witnessed colossal growth. 2022, in particular, was a sterling year for it as the sales registers kept ringing as consumers finally began investing their faith in electric vehicles. The sales figures in FY 22 more than tripled when pitted against FY 2021. Major announcements at policy […] Read more
Lightsource Bp Agrees to Sell 247 MW Spanish Solar Projects Updated On Mon, Jan 23rd, 2023 by Saurenergy Lightsource bp, United Kingdom based solar energy player, has announced that it has agreed the sale of its 247MW solar photovoltaic (PV) project to Plenium Partners and Bankinter Investment. The two purchasing firms are independent renewable energy investors. Lightsource bp said that the objective of the sale is to support its growth across the sector. […] Read more
IFC to Help Kyrgyzstan Develop Renewable Projects Through PPP Model Updated On Thu, Jan 19th, 2023 by Saurenergy The International Finance Corporation (IFC) – a key agency of World Bank – has partnered with the Kyrgyzstan government under the World Bank Group’s Scaling Solar program to develop up to 100-150 MW of grid-connected solar power. IFC said that this will help Kyrgyzstan to diversify its energy mix and increase its renewable power capacity. […] Read more
The Top 3 States With Biggest EV Subsidies In India Updated On Thu, Jan 12th, 2023 by Saurenergy India has been successful in spurring the Electric Vehicles trend in the country. While the central efforts were instrumental in this development, the contributions of various states in terms of subsidies have formed the backbone of EV adaptation as well. However, keep in mind that subsidies are unlikely to last very long, possibly not beyond […] Read more
Altus Buys 220 MW Solar Portfolio from RE Equity Firm TGC in USA Updated On Fri, Jan 6th, 2023 by Saurenergy Connecticut based renewable energy infrastructure private equity firm, True Green Capital Management has announced that it has signed a binding agreement last week with Altus Power to sell a portfolio of approximately 220 megawatts (MW) of distributed solar assets. The value of the deal is revealed as $293 million. TGC and Altus Power expect the […] Read more
L&G NTR Acquire Three Solar Power Projects Of 115 MWp In Spain Updated On Thu, Jan 5th, 2023 by Saurenergy The L&G NTR Clean Power Fund has announced that it has acquired three Spanish pre-operational solar power projects from BayWa r.e. L&G NTR Clean Power Fund is managed by Legal & General Investment Management and NTR which again is a renewable energy specialist. The three solar power projects, two of which are located in Castilla […] Read more
With Rising Demand, Tech Advancements, Govt Push in ’22, EV Firms Are Raring to Go in ’23 Updated On Mon, Jan 2nd, 2023 by Saurenergy To circumvent the impact of increasing oil import bills, Indian government’s policy initiatives over the last couple of years has accelerated the adoption of e-mobility. As per the Ministry of Heavy Industries estimates, in 2022, 7.47 lakh EVs were sold under the FAME-II Scheme, as compared to 2.37 Lakh sold in FY2021-22. Faster Adoption and […] Read more
