Canada Launches Climate Action Incentive Fund Updated On Mon, Jun 3rd, 2019 by Saurenergy Businesses that plan to build renewable energy projects are eligible to receive up to 25% of project-related costs, with funding ranging from C$20,000 to C$250,000, under the Climate Action Incentive Fund. The government of Canada has launched a new incentive program, the Climate Action Incentive Fund (CAIF), to help fight climate change, the federal […] Read more
Suzlon Consolidated Net Loss For Q4 Reduces to Rs 295 Cr Updated On Fri, May 31st, 2019 by Saurenergy Suzlon reported that its consolidated net loss for the last quarter of the year has reduced to Rs 294.64 crore, a drop of more than Rs 175 crore over the same period last year, Rs 469.85 crore. Suzlon Energy recently issued its financial results for the financial year 2018-19 and the last quarter (Q4). Suzlon […] Read more
Andhra Pradesh’s New CM Elect is Sold on Renewables, with Conditions Updated On Tue, May 28th, 2019 by Saurenergy In an Interview to India Today, YS Jaganmohan Reddy, who will be sworn in as the state’s next Chief Minister on May 30, expressed the hope that his regime will be able to use solar in a big way. In a wide ranging interview where he spoke about a host of issues, the incoming CM’s […] Read more
Foray into RE and EV Segments Yields 50% Jump in Net Profits For BHEL Updated On Mon, May 27th, 2019 by Saurenergy The company posted a 50.7 percent jump in net profits for the year ending March 31, 2019. The largest power equipment manufacturer in the country, state-owned Bharat Heavy Electrical Ltd. (BHEL) recently released its financial results for the financial year 2018-19. The company posted a 50.7 percent jump in net profits for the year ending […] Read more
ADB Grants $750 Mn For Railway Track Electrification in India Updated On Mon, May 27th, 2019 by Saurenergy ADB has signed off on what is its largest single nonsovereign loan ever committed, for the electrification of the Indian railway network. A project expected to help India’s railway sector transition to electric power and away from dependence on fossil fuels. The Asian Development Bank (ADB) has signed an agreement to provide $750 million (Rs […] Read more
Interview with Sebastian Groh, Managing Director and Founder, SOLshare Updated On Wed, May 22nd, 2019 by Saurenergy Solshare’s Innovative Solution for Energy Access Through Nano Grids A Bangladesh based firm that has made it to the Global Cleantech 100 in 2018. That’s SOLshare, the nano grid firm. The company was formed in 2013, when Dr Sebastian Groh pitched the idea of SOLshare as one of the early outcomes of his PhD thesis […] Read more
GE Renewable Bags Over 2GW Onshore Wind Orders in US Till May Updated On Tue, May 21st, 2019 by Saurenergy As per the orders received, the company will supply 728 turbines in the US which will power more than 800,000 homes. In a major boost, GE Renewable Energy, a USD 15 Billion company, has received significant onshore wind orders from North America for 2,010 MW (2 GW approx.) till May, this year. As per the […] Read more
Panasonic Launches Smart EV Charging Service ‘Nymbus’ in India Updated On Mon, May 20th, 2019 by Saurenergy Japanese electronic major, Panasonic has launched the first of its kind smart EV charging service in India – Nymbus. A futuristic charging service combines physical components such as charging stations, swap stations, onboard charges, telematics systems and the virtual components like cloud service, analytics, intuitive dashboard, and artificial intelligence to deliver a one-stop solution. It […] Read more
APICORP Signs $75 Mn Financing Facility with Saudi Renewable Firm Alfanar Updated On Wed, May 15th, 2019 by Saurenergy The 5-year financing facility has been initially designed to support the Saudi-based renewable energy developer’s renewables energy projects, most notably the wind project it is currently developing in Spain. The Arab Petroleum Investments Corporation (APICORP), a multilateral development financial institution, has signed a strategic five year Murabaha financing facility worth USD 75 million with Alfanar […] Read more
