REC Raises $500 Mn Through Green Bonds Updated On Mon, Sep 30th, 2024 by Saurenergy REC Limited, a state-owned infrastructure company has raised $500 million through 5-year green bonds as part of its $10 billion Global Medium-Term Program. REC plans to use these funds to finance eligible green energy projects that qualify under its green finance framework. REC a ‘Maharatna’ company under the administrative control of the Ministry of Power, […] Read more
Gujarat: GE Vernova Set To Supply 51.3 MW Wind Energy To Powerica Updated On Fri, Sep 27th, 2024 by Saurenergy US-based wind energy company GE Vernova recently signed an agreement to supply 51.3 MW of wind turbines to Powerica in Gujarat. For its 51.3 MW project in Devbhumi Dwarka, Gujarat, Powerica has chosen to install 19 GE Vernova 2.7 MW-132 wind turbine generators (WTGs). Powerica, a key player in both the Independent Power Producer (IPP) […] Read more
Khavda: Zetwerk Gets 1515 MW Module Contract From NTPC To Supply PV Modules Updated On Thu, Sep 26th, 2024 by Saurenergy Bengaluru based Contract manufacturing marketplace Zetwerk has received a second, major contract from NTPC Renewables to supply 1515 MWp of ALMM-compliant solar PV modules for the 1200 MW Khavda Solar project in Gujarat. Zetwerk has bagged this order which includes mandatory spares, for the 1200 MW Khavda Solar project in Gujarat. The company said it […] Read more
NTPC REL Floats 1 GW Land, Power Evacuation Tender In Karnataka Updated On Thu, Sep 26th, 2024 by Saurenergy NTPC Renewable Energy Limited (NTPC REL) has released a tender for a land and power evacuation package to develop 1 GW (1000 MW) ISTS-connected solar PV projects in the Bidar Region in Karnataka. The tender sets October 24th as the last date for bid submission. In the brief scope of work, the tender detailed the […] Read more
Zelestra Closes €132 Mn Financing For Its Gorbea Solar Plant In India Updated On Mon, Sep 23rd, 2024 by Saurenergy Spanish renewable energy firm Zelestra, has closed a €132 million (INR 1472 crores) project financing package for its Gorbea solar photovoltaic plant in India. The financing was signed with HSBC, Credit Agricole, MUFG, and Bank of America. The facility, denominated in Indian Rupees (INR), is designated as green financing under Zelestra’s Green Financing Framework, aligning […] Read more
US-India Launch $1 Bn Initiative To Build Clean Supply Chains Updated On Mon, Sep 23rd, 2024 by Saurenergy The United States (US) and India elevate and expand bilateral technical, financial, and policy support to enhance the complementary manufacturing capacity of clean energy technologies and components. This policy also lays the groundwork for enhanced cooperation and partnerships in Africa. The Strategic Clean Energy Partnership, led by the US Department of Energy and Indian government […] Read more
Senvion India Announces Installation of 3.1 M130 turbine Updated On Mon, Sep 23rd, 2024 by Saurenergy Senvion India today announced commercializing its upgraded 3.1M variant of the 2XM series turbines with its prototype commissioning. The 3.1M130 turbine is expected to be ready for commercial installation in India in Q1-25 post RLMM listing. The company said that this marked a landmark in Senvion’s journey towards reliable wind energy solutions thereby reducing LCOE. […] Read more
Hybrid Inverters Allowed Under PM Surya Ghar Scheme: MNRE Updated On Mon, Sep 23rd, 2024 by Saurenergy The Ministry of New and Renewable Energy (MNRE) recently released a document clarifying operational guidelines on the implementation of the PM Surya Ghar: Muft Bijli Yojana. The new clause widened the technologies included under the CFA offered to residential consumers. The new clause as per the latest document issued by the MNRE included additional technologies […] Read more
ICRA Sees FDRE, RTC Projects As Key Drivers Of India’s RE Growth Updated On Mon, Sep 23rd, 2024 by Saurenergy A recent report by the Investment Information and Credit Rating Agency (ICRA) foresees a rise in renewable energy capacity in the next six years in India. It is estimated that the share of renewable energy (RE), plus large hydro, in all-India electricity generation, will increase to over 35% in FY2030 from 21% in FY2024. ICRA […] Read more
