RPO Non-Compliance Penalty Should Be Higher: Prayas Energy Group Updated On Fri, Sep 15th, 2023 by Saurenergy Pune-based energy think tank Prayas Energy Group has urged the Maharashtra Electricity Regulatory Commission (MERC) to consider keeping the penalty for non-compliance of Renewable Purchase Obligation (RPO) higher. The think tank expressed its views in connection with the MERC draft (RPO, Its Compliance and Implementation of Renewable Energy Certificate Framework (First Amendment) Regulations 2023. RPO […] Read more
Serentica Secures INR 2600 Cr Funding from PFC for Green Projects Updated On Thu, Sep 14th, 2023 by Saurenergy Vedanta backed Serentica Renewables, a C&I focused renewable energy developer, has announced that it has achieved financial closure for its upcoming hybrid renewable energy projects in Karnataka. The firm has secured the entire debt funding of INR 2600 crores from one of India’s largest power sector lenders, Power Finance Corporation Limited (PFC Ltd.). To ensure […] Read more
Module Exports to India from China Slide from 9.8 GW H1 2022 to 2.3 GW in H1 2023 Updated On Thu, Sep 14th, 2023 by Saurenergy As per think-tank Ember, module exports to India from China have seen noteworthy slide. India is the only country to see a large fall in imports from China. The study finds that module exports to India declined by 76% (-7.5 GW) year-on-year, down from 9.8 GW in the first half of 2022 to 2.3 GW […] Read more
Okaya EV Joins Forces with Bluwheelz for 1000 EV Deployment Updated On Tue, Sep 12th, 2023 by Saurenergy Okaya EV, a firm which delves in electric vehicle (EV) industry, has entered into a strategic partnership with Bluwheelz, a tech-enabled logistics firm, known for first-mile, mid-mile, and last-mile logistics solutions and offers Fleet as a Service. The two firms will look at deploying 1000 EVs by September 2023. The initiative will kick off in […] Read more
Djibouti Launches Maiden Wind Farm with 60 MW Capacity Updated On Tue, Sep 12th, 2023 by Saurenergy Djibouti, located on the Horn of Africa, has launched its maiden wind farm- the 60 MW Red Sea Power (RSP) project. This is the key international investment in Djibouti’s energy. The project, valued at US$122 million, has put in place Djobouti’s first Independent Power Producer (IPP). The investors responsible for the said project are mulling […] Read more
Tata Power Gets DFC Backed USD 425 million For Cell and Module Plant in Tamil Nadu Updated On Mon, Sep 11th, 2023 by Saurenergy The U.S. International Development Finance Corporation’s (DFC) Board of Directors has approved the provision of up to USD 425 million in financing in TP Solar Limited, a subsidiary of Tata Power Renewable Energy Limited (TPREL), for its upcoming greenfield 4.3 GW solar cell and module manufacturing plant at Tirunelveli district in Tamil Nadu, India. DFC […] Read more
GE Vernova to Supply Battery for 57 MW BESS Project in UK Updated On Fri, Sep 8th, 2023 by Saurenergy UK-based Varco Energy, an owner of energy storage, has selected GE Vernova to supply battery along with related equipment for a 57 MW (138 megawatt-hour) transmission-connected battery near Liverpool, United Kingdom. The Native River project will begin construction this quarter and will be linked to the grid early next year. GE Vernova will be responsible […] Read more
Ingka & Apex Clean Energy Join Hands for 16.4 MW Storage Project in Texas Updated On Thu, Sep 7th, 2023 by Saurenergy Ingka Investments and Apex Clean Energy, a firm that delves in the origination, commercialization, construction, and operation of utility-scale wind energy facilities has announced the establishment of Cameron Storage Project of 16.4 MW capacity in Cameron County, Texas. The project is IKEA owner’s first-ever battery storage project. The lithium-ion battery will lend support to the […] Read more
Clients Willing To Pay A Premium For Green Data Centres- Moiz Vaswadawala, NTT Updated On Wed, Sep 6th, 2023 by Saurenergy Moiz Vaswadawala, Vice President, Risk management and Sustainability at NTT Global Data Centers & Cloud Infrastructure India Pvt Ltd, the leading data center provider in India currently, talks about the push towards greener, more sustainable data centres. Excerpts from the interview: What is a data centre’s total energy footprint like, in terms of power, water, […] Read more
