Suzlon Reports Highest Ever Orders With India’s Rise On Wind Energy Installations Updated On Fri, May 31st, 2024 by Saurenergy Indian Wind Turbine Manufacturer-Suzlon Energy is now confident of dominating the Indian wind market. In its latest investors call, the management expressed confidence on its position amid the presence of foreign wind energy companies. The firm attributed this to their existing clients and prices. When talked about the competitions from companies like Vestas or Envision, […] Read more
NTPC Issues Tender For 1200 MW FDRE Projects Across India Updated On Fri, May 31st, 2024 by Saurenergy NTPC invited online bids for the selection of renewable energy (RE) power generators for the supply of 1200 MW firm and dispatchable power from inter-state transmission system (ISTS) connected Renewable Energy (RE) power projects anywhere in India on a built-own-operate basis. Tender Cost: Rs. 22,500 Document Sale Start Date: 07/06/2024 at 09:00 Closing Date: 28/06/2024:at […] Read more
India’s Peak Power Demand Smashes 2023 Peak, Touches 250 GW Updated On Fri, May 31st, 2024 by Saurenergy The Indian power sector met a record maximum power demand of 250 GW on 30th May’24 whereas, the non-solar demand touched an all-time high of 234.3 GW on 29th May This spike in power demand reflects the combined impact of weather-related loads and growing industrial and residential power consumption in these areas. On 30th May, […] Read more
Changing Dynamics: Indian Green Firms Shift Focus On Energy Storage Updated On Fri, May 31st, 2024 by Saurenergy In March 2022, India’s leading renewable energy company Adani Green Energy Limited (AGEL) collaborated with another Indian leading player in the energy storage systems–Greenko. The partnership was to seek the Hyderabad-based company’s assistance in getting Round-The-Clock (RTC) power for AGEL’s projects through Greenko’s PSP assets. PSPs are often termed as giant batteries which can storage […] Read more
Jakson Green Secures Rs 600 Mn RE Funding From HSBC Updated On Wed, May 29th, 2024 by Saurenergy Jakson Green has secured a Sustainable Trade Facility of Rs. 600 million from HSBC India. This funding will support the company’s working capital requirements for its renewable energy business, both in India and internationally. Jakson Green, renowned for its pioneering work in the sector of Renewables, Green Hydrogen, and its derivatives, is actively expanding its […] Read more
ADB Commits $2.6 Billion In Sovereign Lending to India Updated On Wed, May 29th, 2024 by Saurenergy The Asian Development Bank (ADB) which supports projects in developing member countries committed $2.6 billion in sovereign lending to India in 2023 for projects related to urban development, supporting industrial corridor development, promoting power sector reforms, support horticulture, and enhance connectivity. ADB also extended $23.53 million in technical assistance and $4.1 million in grants under […] Read more
India’s EV Sector: OEMs Lead 70% of Deals In 2023, Says Report Updated On Wed, May 29th, 2024 by Saurenergy According to a report by Bain and Company and Indian Venture and Alternate Capital Association, EV penetration in private equity and venture capital (PE-VC) is projected to rise from 6% in 2023 to 40% by 2030. The report highlighted that 2023 followed the trend observed in the second half of 2022, with a reduction in […] Read more
US Plans To Invest USD 3.8 Billion In India’s RE Infra Updated On Thu, May 23rd, 2024 by Saurenergy US Ambassador Eric Garcetti recently shared International Development Finance Corporation plans to invest USD 3.8 billion to meet India’s renewable energy and infrastructure goals. He said, while addressing an event on ‘Indo-US Space Co-operation’ in Mumbai, he extended support to support renewable energy and infrastructure goals. He underscored the collaboration between the US and India […] Read more
Exempt 100% Of ISTS Charges For RE Power Till 2030: IEEFA Updated On Thu, May 23rd, 2024 by Saurenergy The Institute for Energy Economics and Financial Analysis (IEEFA) and JMK Research and Analytics have prepared and shared a list of key recommendations that the new Union government post-elections should take up in the first 100-days to reach the renewable energy targets up to 2030. As per the Indian government’s own target it wants to […] Read more
