Ocior Energy in MoU with Gujarat to Invest Rs 40,000 Cr in Green Hydrogen, Ammonia Updated On Mon, Feb 27th, 2023 by Saurenergy The Government of Gujarat today signed a memorandum of understanding (MoU) with Abu Dhabi (United Arab Emirates) headquartered Ocior Energy Pvt Ltd for Rs. 40,000 crores proposed investment in the state in the renewable energy capacities. As per the government statement, Ocior Energy will be developing green hydrogen-green ammonia projects among other renewable energy plans. […] Read more
Azure Power to Develop 1700 MW renewable energy projects in Karnataka Updated On Fri, Apr 29th, 2022 by Saurenergy Azure Power has announced that it has signed an Expression of Interest (EoI) with Government of Karnataka to develop solar, wind, and hybrid renewable energy projects that will total to 1700 MW capacity. Azure said that the total investment commitment is Rs 13,300 crore. Azure Power is one of the leading independent sustainable energy solutions […] Read more
Azure Power Commissions 600 MW Project In Rajasthan Updated On Tue, Jan 4th, 2022 by Saurenergy NYSE listed Azure Power yesterday announced the successful commissioning of its largest project- 600 MWs Interstate Transmission System (ISTS) connected solar project, allocated by Solar Energy Corporation of India (SECI). The project is in Bikaner, Rajasthan and the power generated from the project will be supplied to SECI at a tariff of INR 2.53 (~US 3.5 cents) […] Read more
Azure Power Inks 2333MW PPA with SECI Under 4GW Mfg-linked Projects Updated On Mon, Dec 20th, 2021 by Saurenergy Azure Power has signed its largest ever Power Purchase Agreements (PPAs) with the Solar Energy Corporation of India (SECI) for a capacity of 2,333 MW of interstate transmission system (ISTS)-connected solar power projects under the 4 GW manufacturing linked projects, announced the company in a recent official statement. The news was expected since last week, […] Read more
Azure Power Wins its First 120 MW ISTS Wind Project with SECI Updated On Mon, Oct 25th, 2021 by Saurenergy Azure Power, one of the leading solar power developers in the country, has announced that it has received the letter of award (LOA) for its first wind project, 120 MW ISTS project with Solar Energy Corporation of India (SECI) to supply power for 25 years at a tariff of INR 2.70 per kWh. Azure Power’s […] Read more
Azure Power Hopeful of No Price Markdowns As PSA’s Finally Start on Its 4 GW Mfg Linked Win Updated On Thu, Sep 2nd, 2021 by Saurenergy At an analyst call post its Q1 results for 2022-23, Azure Power CEO Ranjit Gupta expressed the hope that there will be no price markdowns on the winning bid rates, for its 4 GW tender manufacturing linked tender wins. Azure had won a total project capacity of 4 GW, even as Adani Green Energy won […] Read more
The Case For Storage Is a Tough Sell At Reinvest 2020 Updated On Wed, Dec 2nd, 2020 by Saurenergy RE-invest 2020’s session on battery storage, with a focus on innovation and sustainability, sent out mixed messages on the potential for, and need for battery storage in India. Thus, while some of the panelists drove home the point that long term storage was not really a requirement for India yet, considering the little gap between […] Read more
Potential Is Finally Meeting Reality in Solar Is Message From MNRE Meet Updated On Wed, Nov 18th, 2020 by Saurenergy In a sort of curtain raiser to the Re-Invest 2020 or the 3rd Global Renewable Investors’ meet scheduled from November 26-28, key stakeholders in the renewable energy domain discussed India’s market prospects today. The Re-invest event is organized by the MNRE, Government of India and Confederation of Indian Industry (CII), with a focus on providing […] Read more
Clean Energy Flunks The Easy Financing Test Updated On Mon, Jan 20th, 2020 by Saurenergy For a Sector that requires one of the largest sustained funding requirements in decades, financing for clean energy investments in India has had a rocky ride. The three year lock-in for developers is the most recent obstacle. Bankability. That’s a word that is highlighted proudly across the solar chain, and whose value can never be […] Read more
