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
AngloGold Ashanti Unveils Renewable Project with Storage at Tropicana Gold Mine in Australia Updated On Wed, Jun 28th, 2023 by Saurenergy Global mining company AngloGold Ashanti plans to build one of the largest renewable projects in Australia’s natural resource sector, the firm announced recently. The company’s subsidiary, AngloGold Ashanti Australia Ltd., has agreed with power developer Pacific Energy to construct and operate 62 MW of wind and solar generation capacity at the Tropicana gold mine site. […] Read more
Leyline Renewable Capital Funds RAI Energy’s Solar and Storage Ventures Updated On Wed, Jun 28th, 2023 by Saurenergy Leyline Renewable Capital, a provider of development loans for renewable energy projects, announced a project development loan for RAI Energy, a renewable energy developer. With the assistance of Leyline Development Capital, RAI Energy is set to advance multiple large utility-scale solar and solar-plus-storage projects within the WECC market over the next four years. Mohammed S. […] Read more
Meghmani Finechem Commissions 18.34 MW Hybrid RE Plant Through SPV ReNew Green Updated On Wed, Jun 28th, 2023 by Saurenergy Meghmani Finechem Limited (MFL), which delves into agrochemical products, has successfully commissioned a wind-solar hybrid power plant of 18.34 MW in Gujarat. The hybrid plant has been commissioned through its Special Purpose Vehicle (SPV) ReNew Green (GJS Three) Private Limited. The power flow has begun, it added. The Indian government has set sights on curbing […] Read more
European Solar Energy Startups Witness 400% Surge in Investment: Report Updated On Wed, Jun 28th, 2023 by Saurenergy A new research report by Avent Abacus reveals that total investment in European solar energy startups is up almost 400 per cent compared to last year. Reportedly, the companies received $6 billion in funding in the first five months of 2023 alone. Key Insights Avent Abacus notes that the total investment in European solar startups […] Read more
Omnivore Seals First Close of Third Fund at $150 Million Updated On Wed, Jun 28th, 2023 by Saurenergy Impact venture capital firm Omnivore has announced the first close of its third fund at $150 million. First close investors include KfW, the Self Reliant India (SRI) Fund, FMO, SIFEM, the International Finance Corporation (IFC) with support from the Bill & Melinda Gates Foundation Inclusive Agritech Facility, Louis Dreyfus Company Ventures, the Dutch Good Growth […] Read more
Power & Energy Consultants Wins 800 MW Solar Park Project in Uttar Pradesh Updated On Wed, Jun 28th, 2023 by Saurenergy Power & Energy Consultants India, which delves into energy consultancy services, has bagged a consultancy contract by TUSCO for an 800 MW ultra-mega solar power park in Chitrakoot, Uttar Pradesh. The consultancy will be responsible for coming up with a feasibility-cum-detailed project for the 800 MW project won through competitive bidding. The firm bagged the […] Read more
Govt Releases Draft Norms For Green Credit Programme Updated On Wed, Jun 28th, 2023 by Saurenergy The Ministry of Environment and Forest (MoEF) has issued draft rules for the Green Credit Programme. Under this, the ministry plans to incentivize individuals and other entities for their voluntary pro-environment and conservation works. The government plans to start the incentivization programme in a phased manner. “A phased and iterative approach for implementation of the Programme […] Read more
NREL Study Forecasts Significant Decline in BESS Costs by 2030 Updated On Wed, Jun 28th, 2023 by Saurenergy The long-term lithium-ion battery energy storage system (BESS) costs could halve over this decade, as per the “Cost Projections for Utility-Scale Battery Storage: 2023 Update” report by US National Renewable Energy Laboratory (NREL). The report forecasts the future capital expenditure (capex) costs of Battery Energy Storage Systems (BESS) from 2022 to 2050. It specifically focuses […] Read more
