ArcelorMittal Throws in Hat to Buy Sprng Energy in Green Steel Push Updated On Mon, Feb 7th, 2022 by Saurenergy ArcelorMittal, the world’s biggest steel maker is making a play for Sprng Energy, Indian renewable platform of Actis, as the steelmaker looks at cleaner energy sources to decarbonise production around the world and in India, people aware of the development have told news agencies. This arguably is the first time in India a steel producer […] Read more
Adani Green raises Rs 612 cr to refinance debts pertaining to solar projects Updated On Fri, Feb 4th, 2022 by Saurenergy Adani Green Energy (UP) Ltd, Prayatna Developers Pvt Ltd and Parampujya Solar Energy Pvt Ltd – three subsidiaries of Adani Green Energy Ltd – that collectively house 930 MW of operational solar power projects, have raised Rs 612.30 cr by their maiden domestic bond issuance. This has been done on a private placement basis. The […] Read more
SECI pays Rs 4.2 billion for Solar and Wind Procurement for December Month Updated On Fri, Feb 4th, 2022 by Saurenergy Solar Energy Corporation of India (SECI) has released a payments of about Rs 490 crores to just solar and wind power generators. This disbursement is meant for the renewable energy procured from the two power sources for the month of December 2021. As far as the total amount released by SECI for the said month […] Read more
Why The Solar PLI Scheme Will Throw Up Big Opportunities, And Challenges For Industry Updated On Wed, Feb 2nd, 2022 by Saurenergy The allocation of a further Rs 19,500 crore for solar manufacturing under the Solar PLI (Performance Linked Incentive) scheme, which rewards manufacturers for both backward integration and exports, is indeed a big deal. Taken in its entirety with the existing Solar PLI scheme of Rs 4500 crore that is already under execution, the scheme will […] Read more
Solar O&M Market Set To Grow to $15 billion By 2030-Woodmac Updated On Tue, Feb 1st, 2022 by Saurenergy Global non-residential solar operations and maintenance (O&M) spend is expected to hit US$15 billion by 2030. But new research from global energy consultancy Wood Mackenzie (Woodmac) indicates that increasingly competitive auction prices, coupled with rising labour and supply chain costs, mean service vendors face challenges to stay profitable. Leila Garcia da Fonseca, senior manager, Wind […] Read more
Airtel Sets Up Its Largest Captive Solar Plant, 21 MW with Avaada Updated On Tue, Jan 25th, 2022 by Saurenergy Telecom operator Bharti Airtel on Tuesday has announced the commissioning of a new 21-megawatt solar power plant in Buldhana district of Maharashtra. The solar plant, spread over 80 acres, has been set up by Airtel in partnership with Avaada to supply clean energy to Airtel’s Nxtra data centres and switching centres in Maharashtra, the company […] Read more
Renew Power, Fourth Partner In Deal For On Site Solar Assets? Updated On Sat, Jan 22nd, 2022 by Saurenergy Business daily Economic Times has reported a deal between Sumant Sinha led Renew Power and Fourth Partner Energy for the on site solar assets across Renew Power’s renewable installations. The deal is reportedly worth Rs 650 crores, for assets with a capacity of 140 MW spread across 100 locations. For Renew, the 140 MW capacity […] Read more
IEEFA: Skyrocketing EV Sales in China Spell a No-turning-back Step Change in Global Energy Landscape Updated On Wed, Jan 19th, 2022 by Saurenergy The jury is in. The global race between passenger electric vehicles and hydrogen fuel cells vs petrol vs diesel is over. EVs have won in China, the world’s biggest auto market, writes Tim Buckley, Director of Energy Finances Studies Australasia & South Asia, Institute for Energy Economics and Financial Analysis (IEEFA), as he gives insight […] Read more
Coming Up Soon, The Problem OF Managing Solar Waste Updated On Mon, Jan 17th, 2022 by Saurenergy As large-scale installation of PV solar modules increases in India, the volume of modules that reach the end of their life is also expected to grow manifold. By the end of 2040, the country will represent 30% of the world’s installed solar capacity, a recent IEA report has found. India, which currently doesn’t categorise PV […] Read more
