Brookfield Looks To Partially Sell-Off 1.6-GW Renewable Portfolio Updated On Fri, Feb 2nd, 2024 by Saurenergy Canadian investment firm Brookfield Asset Management is seeking to partially capitalize on its clean energy assets. Brookfield boasts a collective capacity of approximately 1.6 GW and hold an enterprise value ranging between Rs 9,000 and 10,000 crore (equivalent to $1-1.2 billion), as per the company. To facilitate this partial monetization, investment bank JP Morgan has […] Read more
Global Clean Energy Investment Jumps 17%, Hits $1.8 Trillion: BloombergNEF Updated On Thu, Feb 1st, 2024 by Saurenergy The latest report on Energy Transition published by energy think tank BloombergNEF said that the global investment in the low-carbon energy transition surged 17% in 2023, reaching $1.77 trillion. The report titled, ‘Energy Transition Investment Trends 2024 ‘, said that this number is a new record level of annual investment and demonstrates the resilience of […] Read more
UREDA Invites Bids for 250 MW Solar Power Projects in Uttarakhand Updated On Thu, Feb 1st, 2024 by Saurenergy In its latest tender, the Uttarakhand Renewable Energy Development Agency (UREDA) has sought bids to empanel developers for the establishment of 250 MW grid-connected solar power projects under the “Mukhyamantri Saur Swarojgar Yojana in the state. The Expression of Interest (EOI) for empanelment of the firms is regarding design, manufacture, supply, erection, testing, commissioning, and […] Read more
Cleantech Solar Raises Rs 6.25 Billion From Tata Capital for Indian RE Projects Updated On Thu, Feb 1st, 2024 by Saurenergy Singapore headquartered Cleantech Solar has successfully secured a substantial long-term senior secured loan facility of Rs 6.25 billion from Tata Capital Limited. This funding is earmarked for bolstering its open access portfolio within India. Cleantech Solar stands as a prominent provider of renewable energy solutions catering to corporate entities across India and Southeast Asia. It […] Read more
GUVNL Invites Bids For Power Procurement From Khavda Solar Park Updated On Thu, Feb 1st, 2024 by Saurenergy Gujarat Urja Vikas Nigam Limited (GUVNL) has invited bids for the procurement of renewable power through a competitive bidding process (followed by an e-reverse auction) from its 1,125 MW grid-connected solar photovoltaic power projects to be set up in Gujarat State Electricity Corporation Limited (GSECL) renewable energy (RE) Park at Khavda (GSECL Stage-3). The project […] Read more
Suzlon Q3 Results: Net Profits, EBITDA See A Hike On YoY Basis Updated On Wed, Jan 31st, 2024 by Saurenergy Indian Wind Turbine manufacturer Suzlon announced its financial results for Q3 for FY24. The Pune-based firm reported a 160 percent rise in its net profit in Q3 on a Year-on-Year (YoY) basis. In its filing before the Bombay Stock Exchange (BSE), the publicly listed company reported that its net Profit After Tax (PAT) reached Rs […] Read more
ADB Issues its Largest Local Currency Green Bond in Indian Rupees Updated On Wed, Jan 31st, 2024 by Saurenergy The Asian Development Bank (ADB) has raised 12.5 billion Indian rupees (about $150 million) through its largest local currency green bond issue to date. The issue is structured as a 4-year currency-linked bond, with a bullet repayment at maturity and carrying a fixed interest rate of 6.72% per year, ADB said in a media release […] Read more
Railways Awards Contracts To 6 Firms For Its 750MW RE Project Updated On Wed, Jan 31st, 2024 by Saurenergy The Indian Railways has chosen six renewable energy companies to develop 750 MW of Round-The-Clock (RTC) renewable power. This comes after it released a tender earlier last year seeking developers. The Railway Energy Management Company Limited (REMCL) floated the tender. REMCL is a joint venture of the Indian Railways and RITES Ltd. As per the […] Read more
L&T Construction To Build 1800MW Solar Plant in Dubai Updated On Wed, Jan 31st, 2024 by Saurenergy India-based technology and construction company Larsen & Toubro Power Transmission & Distribution business’ Renewable EPC arm has been given the turnkey Engineering, Procurement, and Construction contract to establish an 1800 MWac Solar Photovoltaic Plant in Dubai, United Arab Emirates. The project is the sixth phase of the Mohammed bin Rashid Al Maktoum Solar Park, Dubai, […] Read more
