RECPDL Hands Over 6 Special Purpose Vehicles to PGCIL Updated On Thu, Mar 23rd, 2023 by Saurenergy REC Power Development and Consultancy Limited (RECPDCL), a wholly owned subsidiary of REC Limited, an NBFC Maharatna CPSU under the Ministry of Power, has announced the handing over of six projects’ specific SPVs (Special Purpose Vehicles) to PGCIL (Power Grid Corporation of India Limited). These SPVs have been mainly established for constructing transmission projects in […] Read more
PFC Inks Loan Agreement Pact with Japan Bank for Project Loan of INR 165 Cr Updated On Thu, Mar 23rd, 2023 by Saurenergy Maharatna firm Power Finance Corporation (PFC) and non-banking financial company has entered into an agreement with Japan Bank for International Cooperation (JBIC). The pact is for a project loan worth JPY 2.65 billion, which is close to Rs 165 crore. With the agreement, JBIC is looking to finance PFC’s projects that will curb greenhouse gas […] Read more
Network Planning Group under PM Gati Shakti Gives Nod to Infra Project on Renewable Energy Updated On Thu, Mar 23rd, 2023 by Saurenergy At its 45th session, the Network Planning Group (NPG) under PM Gati Shakti reviewed an infrastructure project on renewable energy. The project is for the ISTS (Inter-State Transmission System) for renewable energy project in Ladakh, which is said to be an important one. In 2020, Prime Minister Narendra Modi had revealed about the establishment of […] Read more
“Ultimately, Green Hydrogen Will Drive The Biggest Changes In Energy”, John Grimes, SEC Australia Updated On Wed, Mar 22nd, 2023 by Saurenergy John Grimes leads the Smart Energy Council – Australia as its CEO. The council is an independent body that gives an impetus to the renewables sector in Australia by offering energy solutions. In March this year, John led an over 34 member delegation representing over 29 Australian smart energy firms to India. This visit saw […] Read more
Wind Energy Generation to Surge 4-5 Times on Policy Tailwinds: CRISIL Report Updated On Wed, Mar 22nd, 2023 by Saurenergy According to a report by CRISIL, the Ministry of New and Renewable Energy has introduced positive policy changes that could lead to a 6–8 GW annual increase in wind capacity starting in fiscal 2026. This would be four times the growth of 1.6 GW seen in the past five fiscal years, which was driven by […] Read more
Italian Energy Firm Edison Mulls EUR 5 Billion Investment in Renewables Updated On Wed, Mar 22nd, 2023 by Saurenergy The renewable energy firm of Italy – Edison – has announced that it will be investing EUR 5 billion in the renewable energy sector. The objective of Edison is to raise its installed renewable capacity by the end of this decade to 6 GW. Edison is owned by French renewable major EDF and it has […] Read more
Havfram Wind to Install Turbines at Hornsea 3 Offshore Wind Project for Ørsted Updated On Wed, Mar 22nd, 2023 by Saurenergy Offshore wind construction firm Havfram Wind has said that it has appointed by global renewable giant Ørsted to install turbines at its Hornsea 3 offshore windfarm, starting autumn 2026. The wind energy project is world largest of such kind. Havfram Wind said that it will be utilizing one of its newly built NG20000X Jack-Up Wind […] Read more
Access to finance remains a significant challenge for many energy storage projects: V G Anil, ARENQ Updated On Wed, Mar 22nd, 2023 by Saurenergy Pune-based ARENQ, a manufacturer and distributor of storage batteries for all industries, is a subsidiary of Sunlit Power. The CEO of ARENQ, V G Anil, speaks to Saur Energy about the battery storage industry in India and the ambitions of the firm. What are some alternatives to li-ion batteries that the industry can […] Read more
Telangana’s SCCL Seeks To Be ‘Net Zero’ By 2024 Updated On Wed, Mar 22nd, 2023 by Saurenergy Singareni Collieries Company Ltd (SCCL), a critical coal mining firm that helps meet Telangana’s needs, has declared a plan to become net zero on its electricity consumption by 2024. The firm plans to achieve this mostly on the back of augmenting its solar power generation capacity to 450 megawatts. This it hopes will help it […] Read more
