India’s RE Sector Saw FDI Equity Investment of USD 6,137.39 Mn in Last 3 Financial Years Updated On Wed, Dec 20th, 2023 by Saurenergy The Minister for New & Renewable Energy and Power, R.K. Singh, disclosed measures taken to entice Foreign Direct Investment (FDI) into India’s renewable energy sector. Currently, India’s FDI policy permits up to 100% investment in the renewable energy sector through the automatic route. According to the Department for Promotion of Industry and Internal Trade (DPIIT), […] Read more
UPNEDA Sets Sights on Selecting Solar Power Developers for 500 MW Rooftop PV Project Updated On Wed, Dec 20th, 2023 by Saurenergy Uttar Pradesh New & Renewable Energy Development Agency has issued a tender for the selection of solar power developers for setting up of 500 MW of grid connected rooftop solar PV project on Government / semi-government buildings and other Institutions at various locations in Uttar Pradesh under RESCO Model on net metering basis through tariff […] Read more
Saudi’s ACWA Power in PPA with South Africa for Dispatchable RE Project of 150 MW Updated On Wed, Dec 20th, 2023 by Saurenergy Saudi-based clean energy firm ACWA Power, has entered into a Power Purchase Agreement (PPA) for a project known as, ‘ACWA Power Project DAO’ to be established in South Africa. The initiative is for a dispatchable renewable hybrid plant of 150 MW capacity. The signatories of the agreements included Gwede Mantashe, Minister of Mineral Resources and […] Read more
Wind Turbine Manufacturer Suzlon Partners with REC for Working Capital Lines Updated On Tue, Dec 19th, 2023 by Saurenergy Indian wind turbine manufacturer, Suzlon Group has announced the execution of definitive documents for securing working capital facilities with REC Limited. Suzlon will utilise this facility for meeting working capital requirements for the execution of its current order book and future order pipeline. This initiative will enable the firm to ensure faster ramp-up of its […] Read more
MERC Rejects MEDA’s Plea For 50% Local RE Procurement By Discoms Updated On Tue, Dec 19th, 2023 by Saurenergy The Maharashtra Energy Development Agency had filed a petition with the Maharashtra Electricity Regulatory Commission (MERC) asking it to issue appropriate directions to distribution licensees (discoms) to meet 50% of total Renewable Purchase Obligation (RPO) requirement by purchase of energy from Renewable Sources within the State. Maharashtra has achieved installed capacity of 10,799 MW as […] Read more
BSPGCL Looks for Solar Developer for 185 MW PV Project with 254 MW BESS Updated On Tue, Dec 19th, 2023 by Saurenergy The Bihar State Power Generation Company Ltd (BSPGCL) has issued a tender looking for a solar developer for the development of a 185 MW solar project in Kajra, Lakhisarai district. It will be supplemented by a 254 MW Battery Energy Storage System. The Battery Energy Storage System must be established for power delivery of a […] Read more
PERC Innovator Martin Green Wins 2023 Leigh Ann Conn Prize For Global Impact Updated On Tue, Dec 19th, 2023 by Saurenergy Martin Green, Scientia Professor and world-leading silicon cell pioneer at the University of New South Wales (UNSW) Sydney, Australia, has won the 2023 Leigh Ann Conn Prize for Renewable Energy from the University of Louisville. The prize recognizes outstanding renewable energy ideas and achievements with proven global impact. Professor Green had earlier this year won […] Read more
Sembcorp Ties up with Japanese Firms for Export of Green Ammonia from India Updated On Mon, Dec 18th, 2023 by Saurenergy Singapore-based Sembcorp Industries has joined hands with two Japan-based firms for the production of green ammonia in India. The green ammonia produced will be supplied to Japan. The green hydrogen arm of Sembcorp, called Sembcorp Green Hydrogen Pte, has forged agreements with conglomerate Sojitz Corp and energy major Kyushu Electric Power for the exploration of […] Read more
Electricity Demand In India Increased 79% In Last 9 Years: RK Singh Updated On Mon, Dec 18th, 2023 by Saurenergy Union Power Minister RK Singh claimed that the electricity demand in India rose almost 79 percent in the last nine years. He shared the latest data before the Lok Sabha in his written response to a question. He said the electricity demand rose from 1,35,918 MW in 2013–14 to 2,43,271 MW in September 2023. He also […] Read more
