Goa Govt, PFC Collaborate To Set Up Blended Finance Facility With World Bank Updated On Wed, Feb 21st, 2024 by Saurenergy Power Finance Corporation (PFC), a NBFC, power sector PSU and renewable energy financier in India, collaborated to support the climate ambitions in Goa. They signed a Memorandum of Understanding (MoU) to support the climate ambitions of the state of Goa. The support extended would be under the Blended Finance Facility being set up by Goa […] Read more
SJVN Concludes 1500 MW Wind-Solar Hybrid Auction With Competitive L1 Tariff of Rs 3.43/kWh Updated On Wed, Feb 21st, 2024 by Saurenergy Satluj Jal Vidyut Nigam Limited (SJVN), a renewable energy sector company has announced that it successfully concluded a reverse auction for a 1500 MW wind-solar hybrid project on February 20. The auction witnessed competitive bidding, resulting in the establishment of an opening L1 tariff of INR 3.43 per kWh. During the auction, Juniper Green Energy […] Read more
CEA Proposes Key Changes In Draft Regulations For Connectivity Updated On Wed, Feb 21st, 2024 by Saurenergy In a draft notification proposing specific changes through a second amendment to the to the Connectivity and General Network Access to the inter-State Transmission System) Regulations, 2022, the Central Electricity Authority has proposed some key changes. The first amendment was done back in 2023, while the regulations were published in 2022. Key proposals (amendments) include […] Read more
IREDA To Establish Subsidiary For Retail Finance Updated On Wed, Feb 21st, 2024 by Saurenergy In a clear sign of its determination to go it alone if required for achieving solar rooftop targets, the Chairman and Managing Director (CMD) of Indian Renewable Energy Development Agency Ltd. (IREDA), Pradip Kumar Das has confirmed IREDA’s plans for establishing a subsidiary to cater to retail projects encompassing Rooftop Solar, PM-KUSUM, Electric Vehicles, and other […] Read more
CIP’s Haewoori Offshore Wind Awards 1 GW Contract To Principle Power And Aker Solutions Updated On Tue, Feb 20th, 2024 by Saurenergy Norway-based renewable energy company Aker Solutions has been awarded a front-end engineering and design contract for Haewoori Offshore Wind 2 (500MW) and 3 (500MW), Copenhagen Infrastructure Partner’s floating offshore wind projects off the coast of Ulsan, Korea. According to the press release, Aker Solutions will coordinate the design and delivery of the floating foundation structures […] Read more
GlobalFoundries, Biden Admin Announces $1.5 Bn Funding For CHIPS & Science Act Updated On Tue, Feb 20th, 2024 by Saurenergy The US Department of Commerce recently announced $1.5 billion in planned direct funding for GlobalFoundries (GF) as part of the US CHIPS and Science Act. GF claims to expand and create new manufacturing capacity through this investment. It estimates to expand it capabilities and securely produce more essential chips for automotive, IoT, aerospace, defense, and […] Read more
Sembcorp RE Acquisition In China, India Rose By 42% YoY In 2023 Updated On Tue, Feb 20th, 2024 by Saurenergy Singapore-based Sembcorp Industries (Sembcorp) recently posted a strong performance for the year of 2023 (FY2023). They recently announced that they made a turnover of S$7.0 billion compared to S$7.8 billion in FY2022. Sembcorp said, “The group net profit before exceptional items (EI) grew 38% year-on-year to S$1.0 billion from S$739 million in FY2022, with higher […] Read more
Goa State Industries Association (GSIA) Eyes 20-MW Expansion In Rooftop Solar Updated On Tue, Feb 20th, 2024 by Saurenergy As Goa strives to increase the installed capacity of its solar power, the industry of the state also seems to be on the same path. In a key development, the Goa State Industries Association (GSIA) will be supporting local manufacturing units to get rooftop solar power plants. The objective of GSIA is to generate 20 […] Read more
Daman & Diu Invites Bids For 7.47 MW Solar Power Expansion Updated On Tue, Feb 20th, 2024 by Saurenergy The Electricity Department of Daman and Diu has issued a tender to augment the capacity of two solar power projects in the Union Territory. The tender speaks for raising the capacity of an existing 6 MWdc solar power project by 2.56 MWdc. Also, the capacity of a 3 MWdc solar power project also needs to […] Read more
