AfDB Approves $25 Mn Fund For Renewable Energy Projects in Africa Updated On Wed, Jan 30th, 2019 by Saurenergy The Fund’s strategy is to prioritize projects with a clear timeline to financial close, with emphasis on de-risking early stage greenfield projects. The African Development Bank Group (AfDB) has approved an equity investment of up to $25 million in ARCH Africa Renewable Power Fund (ARPF), a US$ 250 million private equity fund for renewable energy […] Read more
UAE’s Yellow Door Energy Raises $65 Million Updated On Wed, Jan 30th, 2019 by Saurenergy The investment comes from IFC, Mitsui, Equinor, APICORP and Adenium and will be used to expand distributed solar and energy efficiency solutions into new markets. Yellow Door Energy, a UAE-based leading solar developer, announced that it has raised $65 million in Series A financing to scale its investments in solar energy and energy efficiency solutions […] Read more
Government Lowers Import Duty on EV Components Updated On Wed, Jan 30th, 2019 by Saurenergy The Central Board of Indirect Taxes and Customs (CBIC) has carved out a separate category for parts and components of an electric vehicle for which customs duty has been lowered to 10-15 percent. To promote domestic assembling of electric vehicles, the government has lowered customs duty on import of parts and components of such vehicles […] Read more
MNRE Seeks Suggestions on Draft Offshore Wind Energy Lease Rules Updated On Wed, Jan 30th, 2019 by Saurenergy The ministry has provided a timeline until February 25, 2019, for interested stakeholders to submit their suggestions. The National Offshore Wind Energy Policy provides only a basic framework for the development of offshore wind energy in the country. And now the Ministry has opened its new Draft Offshore Wind Energy Lease Rules for comments/suggestions/views from […] Read more
Viz-A-Viz with Ashit Maru, Co-founder, MYSUN Updated On Wed, Jan 30th, 2019 by Saurenergy Quality Manufacturing and Easy Financing Needs Serious Attention Local manufacturing and the quality standards of local make has to be addressed and scaled-up as well, if we are to see any major boost as a manufacturing hub for rooftop solar. Quality manufacturing and easy financing are the two factors that have to be taken very […] Read more
Poland Aid to LG Chem EV Battery Plant Gets EU Approval Updated On Tue, Jan 29th, 2019 by Saurenergy The investment aid will support LG Chem’s €325 million investment in a new vertically integrated manufacturing plant for the production of lithium-ion batteries in Poland. Poland’s €36 million (Rs 293 crore) investment aid to chemical company LG Chem, a part of one of Korea’s biggest company the LG Corp for a new electric vehicle batteries […] Read more
Corporate Clean Energy Buying Surged to New Record in 2018 : BNEF Updated On Tue, Jan 29th, 2019 by Saurenergy Corporations bought a record amount of clean energy through power purchase agreements (PPA) in 2018, shattering the previous record set in 2017 a new report by BNEF found. BloombergNEF has revealed in its 1H 2019 Corporate Energy Market Outlook, that around 13.4 GW of clean energy contracts were signed by 121 corporations in 21 different […] Read more
Liberty Global to Trial Turning Broadband Infrastructure into EV Charging Stations Updated On Tue, Jan 29th, 2019 by Saurenergy Liberty hopes to have up to six trial charging points set up by mid-April. UK-based Liberty Global, the parent firm of Virgin Media is testing a secondary use for its broadband infrastructure using street-side boxes that link internet connections from exchanges to homes and businesses to build electric vehicle charging stations in the U.K. The […] Read more
Volkswagen Will Convert its Components Plant to Develop EV Charging Stations Updated On Tue, Jan 29th, 2019 by Saurenergy The planned transition to e-mobility will allow the plant to accomplish the urgently needed transformation and will contribute to safeguarding employment and sustainably strengthening the financial situation of the Hanover components plant. Volkswagen Group has announced that it plans to start mass production of flexible and fast electric vehicle charging stations by 2020, and the […] Read more
