Biocon, Hindalco Declare Investments In Renewable Energy Updated On Thu, Jun 30th, 2022 by Saurenergy The investments in the renewable energy sector by the corporate sector continue to pick up pace on the back of lower energy costs from renewables and ESG led actions. Biocon – a biotechnology major – has announced that it has acquired 26 per cent stake in AMPYR Renewable Energy Resources Eleven Private Ltd for Rs […] Read more
World Bank Provides $165 M To Support RE In India’s Residential Sector Updated On Thu, Jun 30th, 2022 by Saurenergy The World Bank Board of Executive Directors on June 28 approved of $165 million in additional financing to support India’s residential sector in adoption of rooftop solar systems and make solar energy more affordable, according to a press release issued by the World Bank. These solar photovoltaic (PV) installations will provide clean, renewable energy, and […] Read more
Hindustan Power Exchange Gets CERC Nod For India’s Third Power Trading Exchange Updated On Wed, Jun 29th, 2022 by Saurenergy The start of operations at India’s third power exchange, Hindustan Power Exchange (HPX) looks imminent, with final approval from the regulator, the Central Electricity Regulatory Commission (CERC) on June 27. CERC’s approval was under Regulation 28 of Central Electricity Regulatory Commission (Power Market) Regulations 2021 for approval of the technology to be used by the […] Read more
160 GWh Of Energy Storage Needed To Meet India’s 2030 RE Target: IESA Updated On Tue, Jun 28th, 2022 by Saurenergy The India Energy Storage Alliance (IESA) has recently brought out a report VISION 2030 that projects India will need at least 160 GWh of energy storage by 2030 in order to integrate the targeted 500 GW of non-fossil fuel energy onto its networks. This energy storage capacity has been calculated as aggregate of front-of-the-meter grid-scale […] Read more
Clean Energy Transition Could Create 15 Mn Indian Jobs By 2025: Report Updated On Fri, Jun 24th, 2022 by Saurenergy A swift shift from fossil fuels to clean energy could lead to creation of 1.5 crore new jobs in India by 2025 and increase savings on electricity bills, a new report released ahead of the G-7 leaders’ summit said on Thursday. The report, ‘Creating Jobs and Cutting Bills: the economic opportunities of a clean energy […] Read more
Global Investment On Energy To Increase By 8% In 2022: IEA Updated On Fri, Jun 24th, 2022 by Saurenergy The world may increase its spending by 8% in 2022 to the tune of about USD 2.4 trillion on clean energy transition, a new report published by the International Energy Agency has claimed. The IEA’s World Energy Investment 2022 report further revealed that the maximum energy investment was on renewables and grids. Not evenly spread, […] Read more
AHODS Technologies, Indian Oil Corp Join Hands To Develop Hydrogen Technology Updated On Fri, Jun 24th, 2022 by Saurenergy AHODS Technologies (Advanced Hydrogen On Demand System)has announced signing a Memorandum of Agreement (MoA) with state-owned oil company, Indian Oil Corporation Limited. The MoU strives to commercialize hydrogen technology called ‘Hydrogen on Demand.’ AHODS, a startup that specializes in hydrogen fuel and incubated by FITT (Foundation for Innovation and Technology Transfer) at IIT Delhi, has […] Read more
India Needs $223 Billion To Meet 500 GW RE Target By 2030 Updated On Thu, Jun 23rd, 2022 by Saurenergy As per the findings revealed in a new report by BloombergNEF (BNEF) in a seminar in New Delhi on June 22, India will need $223 billion of investment to meet the target of wind and solar capacity installations up to 500GW by 2030. A Look At The Numbers In a telling trend, the country has […] Read more
Delhi Airport Becomes India’s First 100% Sustainable Airport Updated On Thu, Jun 23rd, 2022 by Saurenergy Delhi’s Indira Gandhi International (IGI) airport is India’s busiest major international airports Airports tend to be placed with high energy consumption and carbon emissions. Recently, Delhi Airport tweeted that it will achieve a net-zero target by 2030. Now, they have announced that from June 1, the airport will be completely switched to hydro & solar […] Read more
