Author: Saur News Bureau

NexGen Energia Plans To Establish 100 EV Charging Stations Through Franchise Model

NexGen Energia, a green fuel company in India, has planned to develop 100 new Electric Vehicle (EV) Charging Stations nationwide. The venture has planned to rope in franchises across the country to expand its business to achieve this target. It also claimed that with several of its offerings for the partners coming on board for […]

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In E3W segment, customer base may be new to credit or lack strong credit score: Sameer Aggarwal, Revfin

EV finance firm Revfin claims that it has financed over 17,118 electric vehicles in the last 51 months (as of March 2023). This translates to financing 11 electric vehicles everydayin the last 1530 days. The vehicles are plying in over 200 cities across 16 states of India. Revfin also underwrites financially excluded and underserved segments […]

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496 MW Wind Project in France Reaches FID and Construction State: Ocean Winds

Renewable energy developer Ocean Winds has announced that a $2.5 billion final investment decision (FID) has been taken regarding an offshore wind energy project in France. Ocean Winds, Sumitomo Corporation, Banque des Territoires and Vendée Energie who form ‘Eoliennes en Mer des îles d’Yeu et de Noirmoutier’ (EMYN) have made the announcement about the Îles […]

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CERC Amends February 6 Order On DSM Regulations To Cover High Price-DAM 

The Central Electricity Regulatory Commission (CERC), in a suo-motu petition, amended its earlier Order of February 6, 2023, relating to its (Deviation Settlement Mechanism and Related Matters) Regulations, 2022. The CERC said it was done to include the changes in DSM Regulations and extend the same for the High Price-Day Ahead Market (HP-DAM).  In its February 6 […]

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Asian Infrastructure Investment Bank Funds Masdar Solar Projects in Uzbekistan

The Asian Infrastructure Investment Bank (AIIB) has signed three new project finance loan agreements in the aggregate amount of $83.6 million as part of a $396.4 million debt financing to Masdar for the construction of three greenfield solar PV power plants in Samarkand, Djizzakh and Surkhandarya regions of Uzbekistan. Masdar has said that the Asian […]

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Himachal Pradesh Invites Bids for 10 MW (AC) Aghlor Solar Power Project

Himachal Pradesh Power Corporation Limited HPPCL invites bids/ tender through e-tendering process from eligible bidders for 10 MW (AC) Aghlor Solar Power Project. Open national competitive bidding will be conducted in accordance with the bidding procedure and for procurement of the Facilities as per the requirements specified in the bidding document (hereinafter also referred to as […]

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Andhra Leads In Country With The Highest Installed Capacity of Solar Parks

The southern Indian state of Andhra Pradesh has emerged as the leading state in India when it comes to installed solar energy capacity from solar parks. The Minister of New and Renewable Energy RK Singh, recently shared the data before Rajya Sabha.  As per the minister’s written statement before the House, Andhra Pradesh has a […]

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Avaada Energy Bags 421 MW Solar Project for Damodar Valley Corporation

Avaada Energy, an arm of Avaada Group – an integrated energy enterprise with business interests across the energy transition value chain, has won the 421 MW (DC) ISTS-connected solar PV bid in an auction conducted by REC Power Development and Consultancy Limited (RECPDCL), a wholly owned subsidiary of REC Ltd., on behalf of Damodar Valley […]

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