After China & Europe, India Set To Embark On Offshore Wind Journey Updated On Tue, Oct 15th, 2024 by Saurenergy After a thrust to offshore wind energy projects in China and Europe, swings of changes in this sector are now expected in India too. Last year, globally 10.8 GW of new offshore wind energy capacities were added, as per a report from the Global Wind Energy Council (GWEC). The lion’s share was taken by China […] Read more
News Briefs Oct 13- Runergy’s US Capacity, MCPV Funding, Canada Funding Updated On Mon, Oct 14th, 2024 by Saurenergy Runergy’s 2 GW Module Plant In US Operational Runergy, a Chinese Cell maker with a global production footprint including silicon, wafer, solar cell and module factories in China, Thailand, Vietnam and now the US has started fulfilling its first module order from its plant in the US, With cumulative solar cell shipments exceeding 65GW by […] Read more
PM Surya Ghar Adds Service Charges Under Rooftop Solar Updated On Thu, Oct 10th, 2024 by Saurenergy The Ministry of New and Renewable Energy (MNRE) recently clarified the provision of a ‘Service Charge’ added under the Operational Guidelines for the PM Surya Ghar Muft Bijli Yojna. The MNRE included a service charge equivalent to 1% of the Central Financial Assistance (CFA) component for residential consumers, amounting to Rs. 657 crores. The MNRE […] Read more
MNRE Issues Revised Standards For PM-KUSUM Scheme Updated On Mon, Oct 7th, 2024 by Saurenergy The Ministry of New and Renewable Energy (MNRE) recently updated its standards and specifications for solar photovoltaic (SPV) systems under the PM-KUSUM scheme. The government proposed to update the standards and specifications to include new technology and improve eqiopment used in such projects. The government has sought recommendations from the stakeholders till October 31, 2024. […] Read more
Top 5: Battery Energy Storage Projects Commissioned in India Updated On Mon, Oct 7th, 2024 by Saurenergy Battery energy storage systems (BESS) have solved a key challenge for renewable energy, addressing the fluctuating nature of sources like solar and wind. Globally, new solar and wind projects are now integrating modern energy storage systems to ensure a reliable energy supply. Countries like China, the US, and Australia are rapidly expanding their energy storage […] Read more
Vikram Solar Joins IPO Line, Files DRHP Updated On Tue, Oct 1st, 2024 by Saurenergy Kolkata-based Vikram Solar Limited, a leading, and one of the earliest solar photo-voltaic module manufacturers at scale in India, has filed its draft red herring prospectus (DRHP) with SEBI to raise funds through an initial public offering (IPO). With over 15 years of industry experience as of 31 March 2024, Gyanesh Chaudhary led Vikram Solar […] Read more
MNRE Amends Offshore Wind Lease Rules To Ease Process Updated On Tue, Oct 1st, 2024 by Saurenergy The Ministry of New and Renewable Energy (MNRE) recently announced an draft amendment to the offshore wind energy lease rules, aimed at regulating the leasing of offshore areas for wind energy projects. The government can now grant leases for up to 35 years, with the possibility of extending them on a case-by-case basis, depending on […] Read more
NLC India Aims To Add 10 GW Renewable Energy By 2030 Updated On Mon, Sep 30th, 2024 by Saurenergy NLC India Limited, a Navratna Public Sector Enterprise under the Ministry of Coal, Government of India, marked its 10th year of renewable energy generation in 2024. The company embarked on its renewable energy journey on September 28, 2015, by commissioning a 10 MW solar photovoltaic power plant in Neyveli. Primarily a lignite-based power-generating company, NLC […] Read more
Zelestra Closes €132 Mn Financing For Its Gorbea Solar Plant In India Updated On Mon, Sep 23rd, 2024 by Saurenergy Spanish renewable energy firm Zelestra, has closed a €132 million (INR 1472 crores) project financing package for its Gorbea solar photovoltaic plant in India. The financing was signed with HSBC, Credit Agricole, MUFG, and Bank of America. The facility, denominated in Indian Rupees (INR), is designated as green financing under Zelestra’s Green Financing Framework, aligning […] Read more
