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
2.8 GW Versus 9.3 GW- EMBER Report Points to Huge Gap In Wind Additions In India Updated On Fri, Aug 9th, 2024 by Saurenergy The winds of change are blowing across India’s energy landscape. Over the past three years, annual wind installations have surged, but there’s a catch: the 2023 figures were a whopping 51% higher than in 2022, the latest report from EMBER said. It also said that despite this growth, the current build rate of 2.8 GW […] Read more
GAIL, RRVUNL Collaborate For 1 GW Solar & Wind Project Updated On Fri, Aug 9th, 2024 by Saurenergy GAIL Limited and Rajasthan Rajya Vidyut Utpadan Nigam Limited (RRVUNL) recently joined hands to set up around 1 GW of solar and wind projects in suitable land parcels, thus creating an opportunity for Round the Clock (RTC) power. Both parties will work together towards setting up around 1,000 MW of solar and wind projects in […] Read more
MNRE Tightens Traceability Of Domestic PV Cells And Modules With New ALMM Rule Updated On Thu, Aug 8th, 2024 by Saurenergy MNRE Enhances Traceability of Domestic PV Cells and Modules The Ministry of New and Renewable Energy (MNRE) recently amended a provision under the “Approved Models and Manufacturers of Solar Photovoltaic Modules (Requirement for Compulsory Registration) Order, 2019.” In its latest notification, MNRE introduced two new clauses dated May 10, 2023. These changes come even as […] Read more
