Cabinet Approves Viability Gap Funding For Offshore Wind Updated On Thu, Jun 20th, 2024 by Saurenergy The Indian Union Cabinet chaired by Prime Minister Narendra Modi recently approved the Viability Gap Funding (VGF) scheme for offshore wind energy projects. The total outlay of the scheme stood at Rs 7,453 crore. The fund included an outlay of Rs 6,853 crore for the installation and commissioning of 1 GW of offshore wind energy […] Read more
Green Stock June 19: Shakti Pumps & Waaree Renewable Stocks Shine Brighter Updated On Wed, Jun 19th, 2024 by Saurenergy In the stock market today, Shakti Pumps continues to witness a positive growth rate of 5% alongside Waaree Renewable whose stock saw a 2.27% growth. Company name Closing Price On May 18 Closing Price on June 19 Change % Borosil Renewables Ltd 497.10 492.20 -0.99% Waaree Renewable Technologies Ltd 2023.40 2069.40 +2.27% Sterling and Wilson […] Read more
Power Demand Pushes Battery Makers Revenue By 10-11%: CRISIL Research Updated On Wed, Jun 19th, 2024 by Saurenergy CRISL Rating’s latest report anticipates the domestic lead-acid battery manufacturers’ revenue to grow 10-11% in fiscal 2025. The report found this to be a close mirroring ~12% which was seen last fiscal year. Moreover, growth is expected to be driven by steady demand in the mainstay automotive segment and tailwind from rising 5G penetration, expansion […] Read more
RMI Foresees Cleantech To Drive 10% Of Global GDP Growth Updated On Wed, Jun 19th, 2024 by Saurenergy The Rocky Mountain Institute (RMI), a US-based research organization, has recently published a report forecasting significant growth in the cleantech sector. According to the report, solar energy installations are expected to reach 1,000 GW annually, accompanied by sales of 6,000 GWh of batteries per year. These advancements are crucial in achieving the sector’s goal of […] Read more
NTPC REL Invites Bids For 1000 MW Wind Energy Project In Karnataka Updated On Wed, Jun 19th, 2024 by Saurenergy NTPC Renewable Energy Limited (NTPC REL) has invited bids for the balance of the system package of an Inter-State Transmission System (ISTS)-connected wind energy project with a capacity of 1000 MW in Davangere Region in Karnataka under (Tranche-IV). The NTPC-REL tender was mandated the bidders to take up the responsibility of detailed design, engineering, micro-siting, […] Read more
Despite Record Investments, World Off Track For 2030 RE Target: EY Updated On Wed, Jun 19th, 2024 by Saurenergy Global accounting firm Ernst & Young (EY) recently reported a decline in overall global energy investments, failing to keep the world on track for the 2030 renewables targets. EY report found that, despite last year’s surge of US$1.8 trillion in clean energy investment, including US$660 billion earmarked for renewables, investment remains below the COP28 target of […] Read more
Solarpack, SJVNL Sign PPA For 482 MW Ganeko Hybrid Project Updated On Thu, Jun 13th, 2024 by Saurenergy Spain-based Solarpack was recently awarded a power purchase agreement (PPA) for 25 years with SJVNL to supply clean energy to the company from 2026. This PPA would also allow Solarpack to supply clean energy for the 482 MW Ganeko wind-solar hybrid project. The Ganeko project is located in Gujarat and consists of 383 MW of […] Read more
Green Stock June 13: Gensol Stock Price Sees Highest Jump Updated On Thu, Jun 13th, 2024 by Saurenergy Gensol Engineering stock prices saw the highest jump among all other green energy stocks in the stock market today. The company saw a rise of 4.87%. On the other hand six other green energy stock prices saw minimal rise in their values. These included Borosil Renewable, Waaree, Shakti Pumps, tata Power, JSW Energy and Inox […] Read more
Thailand, India Can Pose Challenge To China’s EV Market: Report Updated On Thu, Jun 13th, 2024 by Saurenergy Bloomberg’s recent report indicated a general trend where, electric vehicles (EVs) are displacing 1.7 million barrels per day of oil usage, which is equivalent to about 3% of total road fuel demand. Currently. there are 722 million passenger EVs that are expected to be on the road in 2040 in the Economic Transition Scenario. The Bloomberg […] Read more
