EU Investigates Distortive Practices By Chinese Solar Companies In Foreign Subsidy Updated On Thu, Apr 4th, 2024 by Saurenergy European Commission has initiated two in-depth investigations under the Foreign Subsidies Regulation (FSR) related to the potential distortive role of foreign subsidies given to bidders in a public procurement procedure. In the investigation, the commission will assess whether the economic operators concerned did benefit from an unfair advantage to win public contracts in the EU. […] Read more
E-2W, 3W To Witness Increase Uptake Despite FAME-II Subsidy Reduction: ICRA Updated On Fri, Mar 15th, 2024 by Saurenergy India-based investment information and credit rating agency (ICRA) estimated a surge in Indian electric two-wheeler e-2w, and e-3w three-wheeler (excluding e-rickshaws) penetration levels can reach 6-8% and 14-16% respectively in FY2025. The company opined that the government Electric Mobility Promotion Scheme 2024 is a timely move to support the adoption of electric vehicles (EV) in […] Read more
New Rooftop Subsidy Only For Applications Post Feb 13-MNRE Updated On Wed, Feb 21st, 2024 by Saurenergy The Ministry of New and Renewable Energy (MNRE), in a fresh update on Geb 20, has declared that only applications received after Feb 13, 2024 will be considered for Central Financial Assistance (CFA) under the PM Surya Ghar Muft Bijli Yojana. The move comes even as demand is expected to skyrocket for solar rooftops under […] Read more
Indian Railways Liable To Pay Cross Subsidy Charges Under Open Access, Declares APTEL Updated On Tue, Feb 13th, 2024 by Saurenergy In a 387 page judgement on the liability of the Indian Railways to pay cross subsidy charges, involving multiple (8) appeals from discoms across the country, the Appellate Tribunal For Electricity (APTEL) has ruled in favour of the discoms. The crux of the dispute, in the batch of appeals, was whether Indian Railways is a […] Read more
MNRE Increases Subsidy For New Residential Solar Rooftop Consumers Updated On Sat, Jan 6th, 2024 by Saurenergy The Ministry of New and Renewable Energy (MNRE) announced an increase in the Central Financial Assistance (CFA) under the rooftop solar scheme (Phase-II) for different categories of residential consumers. The ministry said that the new rates will be applicable for projects undertaken either through the tender mode or through applications received through the National portal […] Read more
Open Access: MERC Disallows Discoms To Levy Cross Subsidy Surcharge Updated On Thu, Dec 28th, 2023 by Saurenergy The Maharashtra Electricity Regulatory Commission (MERC) in its latest judgment disallowed the local discoms of Thane in Maharashtra to levy Cross-Subsidy Surcharges (CSS) for open access consumers. The verdict from the state regulatory body came to the fore after Mindspace Business Parks Pvt Ltd (MBPPL) and Gigaplex Estate Pvt Ltd (GEPL) moved the MERC. Both […] Read more
Remove Fossil Fuel Subsidy To Meet 2030 RE Targets: BloombergNEF Updated On Tue, Nov 28th, 2023 by Saurenergy A latest report from BloombergNEF on the issue of global renewable targets claimed that solar is on track for what’s needed to achieve the 2030 target. The report highlighted that the world needs to reduce subsidies in fossil fuels to boost the growth of renewables. This comes at a time when several global leaders are […] Read more
Navigating the Evolving Green Mobility Landscape Post FAME-II Subsidy Reduction Updated On Thu, Aug 17th, 2023 by Saurenergy The Indian electric vehicle (EV) industry has witnessed significant growth and transformation in recent years, propelled by government initiatives like the Faster Adoption and Manufacturing of Electric Vehicles (FAME) scheme. However, the recent reduction in FAME-II subsidies has sparked discussions and raised questions about the impact on original equipment manufacturers (OEMs) and the overall green […] Read more
Haryana Offers 75% Subsidy Support Under PM-KUSUM Updated On Mon, Jul 3rd, 2023 by Saurenergy Haryana Renewable Energy Development Agency (HREDA) has now issued notification seeking applications from farmers for solar irrigation pump connections under the Pradhan Mantri Kisan Urja Suraksha Evam Utthan Mahabhiyaan (PM-KUSUM). The notification asked the eligible farmers to apply up to July 12, 2023. Under the scheme, the Haryana government is offering a 45 percent subsidy from the state […] Read more
