“EEG-Novelle”, New Renewable Energy Law For Germany Updated On Sat, Dec 19th, 2020 by Saurenergy The parliament of Germany has approved a draft of the reform of the new renewable energy law called “EEG-Novelle.” With the new provisions, several changes will be introduced for the PV sector. One of the most important ones is the exemption from the payment of the EEG-levy, which is usually applied to all power producers […] Read more
CCEA Approves RCE for North Eastern Region Power System Improvement Project Updated On Thu, Dec 17th, 2020 by Saurenergy The Cabinet Committee on Economic Affairs (CCEA) has approved the Revised Cost Estimate (RCE) of the North Eastern Region Power System Improvement Project (NERPSIP) at an estimated cost of Rs.6,700 crore. This is a major step, towards the economic development of the North Eastern Region through the strengthening of Intra-State Transmission and Distribution systems. Announced […] Read more
Uneven Grouping of Renewables Leading to Curtailments in India: TCCL Updated On Thu, Dec 17th, 2020 by Saurenergy Electricity demand in India grew at a CAGR of 5.1% over the last decade from FY 2011 to FY 2019. However, this fell to a mere 1.2% in FY 2020. India was already facing an economic slowdown, with industrial output declining to an 8-year low during the year, but compounded by the impact of the […] Read more
PureEV Signs MoU with CSIR-CECRI, Indigenizing Lithium-Ion technology for EVs Updated On Thu, Dec 17th, 2020 by Saurenergy IIT Hyderabad incubated PURE EV has announced its partnership with CSIR – Central Electro Chemical Research Institute (CECRI). The firm has signed a Memorandum of Understanding with CSIR- CECRI for indigenous Lithium-Ion battery technology for electric vehicles. The company has been funded by Pharma industry veteran V C Nannapaneni. The collaboration will serve joint research […] Read more
Increasing Stakes in Intrastate Transmission Will Drive RE Growth in India: IEEFA Updated On Wed, Dec 16th, 2020 by Saurenergy IEEFA recommends increasing competition in the intrastate transmission sector to speed up the deployment of renewable energy in India A new IEEFA report recommends increasing competition in the development of intrastate transmission infrastructure, to speed up the deployment of renewable energy in India. “As the share of increasingly low cost but variable renewable energy grows, development […] Read more
Silicon Ranch Closes $225 Million Equity Raise with Existing Shareholders Updated On Wed, Dec 16th, 2020 by Saurenergy Silicon Ranch Corporation, the U.S. solar platform for Shell and one of the nation’s largest independent power producers, has closed an investment round that attracted $225 million in new equity capital. The round was funded entirely by existing Silicon Ranch shareholders, which include Shell and institutional investors TD Greystone Infrastructure Fund (Global Master) L.P., managed by TD […] Read more
Mercedes-Benz announces six new EQ EV Launches by 2022 Updated On Tue, Dec 15th, 2020 by Saurenergy Mercedes-Benz is running towards the complete Electrification of its products, targeting to achieve the “Ambition 2039” and zero CO₂ emission. The firm is integrating its Mercedes-EQ models into series production in its existing plants. The six launches from different Mercedes-Benz plants include: The first electric luxury sedan EQS production from Mercedes-Benz will start in the […] Read more
Vena Energy Selects Doosan to Deliver Queensland’s Largest Grid-Scale Energy Storage System Updated On Tue, Dec 15th, 2020 by Saurenergy Vena Energy has named Doosan GridTech as its EPC partner to build Queensland’s largest energy storage system. Vena Energy-Australia has named Doosan GridTech as its engineering, procurement, and construction (EPC) partner to build Queensland’s largest energy storage system. This battery energy storage system (BESS) will play a major role in improving grid stability and supporting […] Read more
RfP for Transmission System for Evacuation of Power from SEZ in Rajasthan Updated On Tue, Dec 15th, 2020 by Saurenergy REC seeking Transmission Service Provider to establish transmission system for the evacuation of power from SEZ in Rajasthan under phase II The Ministry of Power has appointed REC Transmission Projects to be the Bid Process Coordinator (BPC) for the purpose of selection of bidder as Transmission Service Provider (TSP) to establish transmission system for transmission […] Read more
