Two-Wheeler EV Sales Dip As Govt Slashes FAME-II Subsidy Updated On Mon, Jul 3rd, 2023 by Saurenergy The slashing of subsidies for electric two-wheelers by the Ministry of Heavy Industries last month has now shown results in its sales in the market. The ministry gives subsidies under the Faster Adoption of Manufacturing of Electric Vehicles (FAME)-II scheme. This hand-holding support from the government apparently helped many consumers to shun polluting vehicles and […] Read more
Travails At Siemens Gamesa Could Signal Hiccups Ahead For Wind Energy, Again Updated On Mon, Jul 3rd, 2023 by Saurenergy Siemens Gamesa, a subsidiary of Siemens Energy, is currently facing challenges in multiple countries. Since its complete takeover by Siemens Energy last year, Siemens Gamesa has been lurching from one problem to another. Parent firm Siemen’s recent announcement of reducing its ownership stake in Siemens Gamesa by 6.8 per cent, bringing it down to 25.1 […] Read more
Mini-Grids And The Rockefeller Experience Updated On Fri, Jun 30th, 2023 by Saurenergy Even as India made commendable progress connecting almost all households to the grid, the larger aim of 24×7 power for all is still some distance away. With a twin challenge of rising demand and the need to transition to a cleaner grid powered by renewables, the hopes of millions for continuous, dependable power are still […] Read more
Maharashtra & Gogoro to Partner on $1.5 Billion Ultra Mega Project Updated On Fri, Jun 30th, 2023 by Saurenergy The Maharashtra government presented Gogoro Inc. with an offer letter to enter into an ‘Ultra Mega Project’ agreement to manufacture vehicles, smart battery packs, and battery swap stations, and deploy an open and accessible battery swapping infrastructure in the State beginning late 2023. The announcement was made by Maharashtra Chief Minister Eknath Shinde. The initiative […] Read more
HPCL Invites Bids for Consultancy for 100 MW Solar Projects in Andhra Pradesh Updated On Fri, Jun 30th, 2023 by Saurenergy State-owned Hindustan Petroleum Corporation Limited (HPCL) has issued a tender for the selection of a project management consultant for the installation of 100 MW solar project at Galiveedu Solar Park in Andhra Pradesh. The project is for captive consumption. The EPMC consultant will be responsible for the design, engineering, procurement, supply, erection, and commissioning of […] Read more
Chinese Solar Module Prices Hit Record Lows, Developers Hope For A Lasting Opportunity Updated On Fri, Jun 30th, 2023 by Saurenergy Chinese solar module prices have reached their all-time lowest level, as the Chinese Module Marker (CMM) now stands at $0.173 per W. The CMM experienced an unprecedented decline of 11.73 per cent week-on-week over the past week, representing the largest percentage drop in its history. Most of the downtrend has been attributed to firstly, the […] Read more
RACEnergy Opens Battery Facility Capable of Producing 30,000 Swappable Batteries PA Updated On Fri, Jun 30th, 2023 by Saurenergy RACEnergy, a deep-tech electric vehicle infrastructure company for battery swapping, has inaugurated its 10,000 sq. ft. battery production facility. Equipped with a 50 MWh battery production plant, it can manufacture 30,000 batteries per annum. As per the firm, the new facility will provide a collaborative environment for engineers and designers to push the boundaries of […] Read more
Funding New Thermal Power Plants May Create Stranded Assets: IEEFA Report Updated On Wed, Jun 28th, 2023 by Saurenergy A latest report by the Institute for Energy Efficiency and Financial Analysis (IEEFA) claimed that new investments in thermal power plants could potentially lead to new stranded assets. The report said it is due to the economic benefits of renewable energy. The report titled ‘Cleaning up the last pile of India’s power sector Non-Performing Assets (NPAs)’ discusses […] Read more
World Bank Approves $200 Mn Loan to Himachal for RE Sector Reforms Updated On Wed, Jun 28th, 2023 by Saurenergy World Bank’s Board of Executive Directors has approved a $200 million loan for the Government of Himachal Pradesh to support power sector reforms in the state and increase the share of Renewable Energy (RE) in its electricity generation. The loan aligns with Himachal Pradesh’s objective of adding 10 GW of additional RE capacity to make […] Read more
