FAME II Scheme has Failed for Electric Two-Wheelers: SMEV Updated On Mon, Jan 6th, 2020 by Saurenergy Electric two-wheelers makers are learning to “live without government support” as the FAME II scheme has not met its objective, according to SMEV. Mass segment electric two-wheelers makers are learning to “live without government support” as the FAME II scheme to promote electric mobility has not met its objective, according to industry body SMEV. The […] Read more
MNRE Clarifies on Implementation of PM-KUSUM Scheme Updated On Wed, Jan 1st, 2020 by Saurenergy After clarification sought by the implementing agencies on certain issues, the Ministry of New and Renewable Energy (MNRE) has issued a clarification on the implementation of Pradhan Mantri Kisan Urja Suraksha evam Utthan Mahabhiyan (PM-KUSUM) Scheme. As per the MNRE notification, the distribution companies (Discoms) can, if they desire so, pass on the Procurement Based […] Read more
ICRA Revises Outlook from Stable to Negative for RE Sector Updated On Tue, Dec 31st, 2019 by Saurenergy On the back of delays in both payments from Discoms and execution of projects, credit rating agency ICRA has revised the year-end outlook for India’s renewable energy (RE) sector from ‘stable’ to ‘negative’. According to the rating agency, country’s renewable energy sector is facing headwinds due to long pending payments by the state Discoms (power […] Read more
Blink Charging and Chakratec to Receive Grant from BIRD Energy Program Updated On Tue, Dec 31st, 2019 by Saurenergy Blink Charging has announced the approval of BIRD Energy Program’s match-funding for the Blink and Chakratec project for DC fast-charging solutions Blink Charging has announced the approval of the Israel-US Binational Industrial Research and Development (BIRD) Energy Program’s match-funding for the Blink and Chakratec project for affordable, everyday DC fast-charging solutions, “Boosting EV Charging through […] Read more
EESL, HPCL Join Hands to Develop EV Charging Infrastructure Updated On Tue, Dec 31st, 2019 by Saurenergy In a bid to promote electric vehicles (EV) under the National Electric Mobility (e-mobility) Programme, government-backed Energy Efficiency Services Limited (EESL) has entered into a two-year Memorandum of Understanding (MoU) with Hindustan Petroleum Corporation Ltd (HPCL) to set up public charging infrastructure. Further, the objective behind the MoU was synergising business development for setting up […] Read more
Discoms Faced Losses Worth Rs 27k Crore in FY19: RK Singh Updated On Mon, Dec 30th, 2019 by Saurenergy Power Distribution Companies (Discoms) in India suffered losses amounting to Rs 27,000 crore in the 2018-19 financial year, RK Singh has said. Power Distribution Companies (Discoms) in India suffered losses amounting to Rs 27,000 crore in the 2018-19 financial year, Union Minister of Power and New and Renewable Energy RK Singh has said. The government […] Read more
Lithium-Ion Battery Market to Grow at 22.58% CAGR: Report Updated On Fri, Dec 27th, 2019 by Saurenergy The lithium-ion (Li-Ion) battery market is expected to grow at a CAGR of approx. 22.58 percent, during the forecast period between 2018-2025, said Mordor Intelligence in its report. According to the market intelligence and advisory services provider firm, the major factors driving the market includes – emergence of new and exciting markets; via electric vehicle (EV) and energy storage […] Read more
EDP Invests $3 mn in Rensource for Promoting Expansion in Nigeria Updated On Thu, Dec 26th, 2019 by Saurenergy EDP will invest USD 3 million in Rensource, a company that develops and manages decentralized solar energy systems, to support its expansion in Nigeria. The EDP Group has announced that EDP Renewables (EDP Renováveis) will invest USD 3 million in Rensource, a company that develops and manages decentralized solar energy systems, to support its expansion in Nigeria. […] Read more
Delhi Cabinet Clears EV Policy, Targets 5 Lakh Vehicles by 2024 Updated On Tue, Dec 24th, 2019 by Saurenergy In an attempt to help curb the capital’s pollution levels, the Kejriwal Government has cleared the EV Policy for Delhi In an attempt to help curb the capital’s pollution levels, the Kejriwal Government has cleared the Electric Vehicle (EV) Policy for Delhi. Under he policy, the government aims to register at least 5 lakh EVs […] Read more
