Adani Green Reports 55% Spike In Revenue From Power Supply In Q1 Fy24 Updated On Mon, Jul 31st, 2023 by Saurenergy Adani Green Energy Limited, the green energy developer arm of the Adani Group, has reported it’s results for the June quarter (Q1) of Fy-23-24. Revenue from Power Supply up by 55% YoY to Rs. 2,059 Cr in Q1 Fy24, versus Rs 1328 crores in Q1 Fy23. Operational Capacity increases by 43% YoY to 8,316 MW […] Read more
Adani’s New Energy Arm In Trade Finance Facility For $394m Updated On Fri, Jul 28th, 2023 by Saurenergy Adani New Industries Limited (ANIL) ecosystem has announced the raise of a trade finance facility of USD 394mn (INR 3,231 Cr) from Barclays PLC and Deutsche Bank AG for securing working capital requirements of its integrated solar module manufacturing facility. ANIL, a wholly owned subsidiary of Adani Enterprises Ltd, is building an ecosystem of one […] Read more
Tripura Chalks Out ‘Tripura Energy Vision 2030 Roadmap’ Updated On Fri, Jul 28th, 2023 by Saurenergy The Power Minister of Tripura, Ratan Lal Nath, has revealed that the state government has worked out at a plan that sets sights on generating close to 500 MW of power via solar energy. The goal is to be achieved by 2030. He further added that Germany’s Deutsche Gesellschaft Fur international Zusammenarbeit (GIZ) executed a […] Read more
DIF Capital Partners Commits £200M Investment in Field’s Battery Energy Storage Updated On Tue, Jul 25th, 2023 by Saurenergy DIF Capital Partners, via its DIF Infrastructure VII fund, has announced a £200 million investment into Field, a London-headquartered dedicated developer and operator of battery energy storage systems. The investment’s primary objective is to support Field in expediting the development and expansion of its 4.5 GWh pipeline of grid-scale battery energy storage projects in the […] Read more
US Coalition of Green Orgs Call For Solartop On Canals Updated On Mon, Jul 24th, 2023 by Saurenergy A recent vision document was released by the coalition of environmental justice and conservation organizations in the USA. The document suggested placing solar panels over canals to generate power and to reduce evaporation. This, it claims would deliver reduce the loss in evaporation from drought caused by climate change. In addition to this, they launched […] Read more
Adani Green Wins Battle At TNERC With Tangedco On Tariff Applicability Updated On Mon, Jul 24th, 2023 by Saurenergy In an order dated July 20, the Tamil Nadu Electricity Regulatory Commission (TNERC) has ruled in favour of Kamuthi Renewable Energy Ltd., a subsidiary of Adani Green Energy Limited in a case involving a dispute with TANGEDCO on the applicable tariff for a 75 MW project at Kamuthi. Tangedco, in an order September 2016, had […] Read more
ACME Group Achieves Financial Closure of INR 4,000 Cr Debt for Green Hydrogen & Ammonia Updated On Fri, Jul 21st, 2023 by Saurenergy Diversified renewable energy company ACME Group announced securing INR 4,000 crore loan from one of the India’s largest green infrastructure financial institutions Rural Electrification (REC) Limited for its green hydrogen and green ammonia project in Oman. The loan will be utilized to commence the first phase of the pioneering green hydrogen and green ammonia project, […] Read more
Olectra Greentech Awards INR 395.12 Cr Contract to Megha Engineering & Infrastructures Ltd Updated On Thu, Jul 20th, 2023 by Saurenergy Hyderabad-based manufacturer of electric buses, Olectra Greentech has awarded a contract for the construction of the greenfield electric vehicle manufacturing facility on 150 acres of the land situated at Seetharampur, Hyderabad, Telangana. The contract has been given to Megha Engineering & Infrastructures Limited (MEIL). MEIL is the ultimate holding company and a related party to […] Read more
Masdar Raises US$750 Million Green Bond Updated On Thu, Jul 20th, 2023 by Saurenergy Abu Dhabi Future Energy Company PJSC – Masdar announced the successful completion of its first green bond issuance for US$750 million 10-year senior unsecured Notes today. Showing positive appetite from regional and international investors, the order book peaked at US$ 4.2 billion, i.e. oversubscription of 5.6x. Pricing tightened 35 bps between launch and final terms, […] Read more
