ACME Sun Power Secures Rs.3,753 Crore Loan From REC For FDRE Projects Updated On Mon, Nov 18th, 2024 by Saurenergy ACME Solar Holdings’ subsidiary, ACME Sun Power Private Limited, has secured a Rs. 3,753 crore term loan from REC Limited. This financing is extended to support the development and construction of a 320 MW Firm and Dispatchable Renewable Energy (FDRE) project in collaboration with SJVN. The Gurugram-based company’s recent project are planned to be located […] Read more
India, SE Asia Host 15% Of Global Clean Energy Manufacturing Jobs: IEA Updated On Wed, Nov 13th, 2024 by Saurenergy While most emerging and developing economies face structural barriers to attracting new clean energy manufacturing jobs, India and Southeast Asia have fared relatively well on this front, according to a latest report by the International Energy Agency (IEA). Clean energy manufacturing jobs in this region represent nearly 15% of the global total. Several other countries, […] Read more
KERC Draft Aims To Achieve 1.5% Distributed RE Mandate Till 25 Updated On Tue, Nov 12th, 2024 by Saurenergy The Karnataka Electricity Regulatory Commission (KERC) has released a draft proposal aimed at encouraging the expedited procurement of renewable energy. It has invited comments from the stakeholders concerned on the proposal until November 27, 2024. Currently, the state has 8930.10 MW of solar, 6564.36 MW of wind energy, and 22378.34 MW of total renewable energy […] Read more
India’s RE Investment Hits USD 12.4 Bn, Falls Short of 2030 Target: Report Updated On Tue, Nov 12th, 2024 by Saurenergy India’s renewable energy investment has grown to USD 12.4 billion in 2023, up from 2020. However, investment remains far below the estimated USD 200 billion required to achieve India’s goal of 500 GW of non-fossil fuel electricity capacity by 2030. According to the Zero Carbon Analytics report’s findings, to meet the 500 GW of non-fossil […] Read more
Inox Wind Gets 87 MW Order From Continuum For Its 3MW WTGs Updated On Tue, Nov 12th, 2024 by Saurenergy Inox Wind Limited (IWL) today announced it has received a repeat order for 87 MW from Continuum Green Energy Private Ltd. (Continuum), a renewable energy company, having expertise in Commercial and industrial (C&I) projects. This repeat order is for Inox Wind’s 3 MW Wind Turbine Generators (WTGs). The project will be executed on an end-to-end […] Read more
Can COP29 Help In Expediting Renewable Growth In India? Updated On Mon, Nov 11th, 2024 by Saurenergy The convergence of global leaders, policymakers, and pro-climate groups in Baku, Azerbaijan, for the annual Conference of Parties (COP29) is likely to expedite the energy transition globally. It is more pertinent to the Global South including India which has been demanding fair access to the Climate Fund, as committed by developed countries for pro-climate activities. […] Read more
Hexa Climate, ACME And Avaada Energy Secure NTPC’s FDRE Tender Updated On Sat, Nov 9th, 2024 by Saurenergy NTPC Limited has now declared Hexa Climate Solutions, ACME Solar Holdings, and Avaada Energy as the winners of its 1,200 MW Firm and Dispatchable Renewable Energy (FDRE) auction. The tender for this project was issued in June this year, and the results were released within four months. In this tender, out of the 1.2 GW, […] Read more
CESL Issues Tender To Bring 1,800 Cargo E-Cycles In Four States Updated On Fri, Nov 8th, 2024 by Saurenergy To scale up the demand for energy efficiency projects in India, Convergence Energy Services Limited (CESL), an Energy Efficiency Services Limited (EESL) subsidiary released a tender to promote micro-mobility solutions in Bihar, Kerala, and Madhya Pradesh. CESL’s latest tender uses part of the financing received by the Indian government from the Asian Development Bank (ADB). […] Read more
RE Push Can Lead To 24% Dip In Coal Power Generation By 2030: CEEW Study Updated On Fri, Nov 8th, 2024 by Saurenergy India’s current climate policies are already helping bend its long-term emissions curve and are projected to reduce CO2 emissions by almost 4 billion tones between 2020 and 2030, a latest report from the Council on Energy, Environment and Water (CEEW) said. This reduction is equivalent to nearly 1.6 times the European Union’s CO2 emissions in […] Read more
