Ruloans, UGRO Capital Foray Into Rooftop Solar Financing Biz Updated On Tue, Aug 20th, 2024 by Saurenergy Ruloans, a credit distribution company in India, entered into a partnership with UGRO Capital, a DataTech MSME-lending platform, to tap into the growing renewable energy finance market. Ruloans is a direct sales agent (DSA) for all financial services, including loans, credit cards, and insurance. It recently added rooftop solar finance products into its loan portfolio […] Read more
Maharashtra Launches First Solar Village – ‘Manyachiwadi’ Updated On Tue, Aug 20th, 2024 by Saurenergy Manyachiwadi has become the first village in Maharashtra to earn the title of ‘first solar village’ of the state. The village, situated in the Satara district has now become fully solarized, paving the way for sustainable rural setups. Maharashtra Chief Minister Eknath Shinde on August 18 also launched a scheme to solarize more villages in […] Read more
A 15% Dip In BESS Costs Can Halt New Coal Power Growth: EMBER Updated On Tue, Aug 20th, 2024 by Saurenergy A new modelling by the global think tank Ember and TERI highlights the crucial role of declining Battery Energy Storage System (BESS) project costs. This analysis underscores that faster BESS cost reductions will be a key driver for an effective coal phase-down in India’s power sector. The report lays out different possible stages of a […] Read more
ONGC Invites Bids To Setup 1 GW Hybrid Power Projects Updated On Mon, Aug 19th, 2024 by Saurenergy ONGC has issued a tender for the development of ISTS-connected co-located wind-solar hybrid power projects with a total capacity of 1 GW (500 MW Solar and 500 MW Wind) on a Lump Sum Turnkey (LSTK) basis anywhere in India. The deadline for bid submissions is October 23, 2024. ONGC said, “The commissioning period will be […] Read more
India May Add 30 GW Of Renewable Capacities In 2024-25 Updated On Wed, Aug 14th, 2024 by Saurenergy India seems to be racing towards achieving a record-breaking renewable capacity addition number in 2024-25. The rise in pace of solar and wind energy installations in the first seven months of calendar year 2024 indicates every probability of record capacity additions. This will follow a strong show in 2023, when 18.5 GW of renewable energy […] Read more
India’s RE Storage On Course For 6 GW By Fiscal 2028: CRISIL Updated On Wed, Aug 14th, 2024 by Saurenergy CRISIL Ratings estimates that India’s renewable energy (RE) storage capacity could surge to 6 GW by fiscal 2028, up from less than 1 GW operational as of March 2024. It attributes this prospective growth to the increase in the pipeline of projects under implementation and an expected healthy pace of auctions. It also noted that […] Read more
MoP Amends Electricity Act For Power Trade With Neighbors Updated On Tue, Aug 13th, 2024 by Saurenergy On August 12, the Ministry of Power (MoP) has amended the Import and Export of Electricity Act 2018 through an Office Memorandum, enabling the export and import of electricity to and from India. Under the revised guidelines, the government modified Clause 5.2 9(a) and Clause 8.9 to permit generating companies and distribution companies to export […] Read more
Kinetic Green Raises US$25 Mn From Greater Pacific Capital Updated On Mon, Aug 12th, 2024 by Saurenergy Kinetic Green, an Electric Vehicle (EV) manufacturer secured a US$25 million investment from Greater Pacific Capital (GPC), a global private equity firm. This investment is part of an overall targeted Series A fundraising of up to US$40 million. GPC’s investment in Kinetic Green is through a combination of instruments including common equity shares, convertible preference […] Read more
India’s Renewable Capacity Surpasses 150 GW: MNRE Updated On Mon, Aug 12th, 2024 by Saurenergy India’s total renewable energy capacity (excluding large hydro) has now touched 150 Gigawatt (GW), latest data from the Ministry of New and Renewable Energy (MNRE) reveals. The latest data from the ministry for the month of July shows that India added a total of 1733.66 MW of new solar capacities. During the same period, India […] Read more
