IREDA to Get ₹1,500 Cr Equity Infusion to Boost RE Financing Updated On Fri, Jan 21st, 2022 by Saurenergy The Cabinet Committee on Economic Affairs, chaired by the Prime Minister Narendra Modi, has approved the equity infusion of Rs.1500 crore in Indian Renewable Energy Development Agency Limited (IREDA). This equity infusion will help in employment generation of approximately 10200 jobs-year and CO2 equivalent emission reduction of approximately 7.49 Million tonnes CO2/year, said an official […] Read more
CESL Launches Massive 5500 cr Tender For Electric Buses Updated On Thu, Jan 20th, 2022 by Saurenergy Giving a big thrust to the adoption of electric buses for public transport in the country, Convergence Energy Services Limited (CESL), a wholly-owned subsidiary of Energy Efficiency Services Limited (EESL), today announced the floating of a request for proposals for the biggest ever demand for electric buses, under the ‘Grand Challenge’ – a set of homogenized […] Read more
Long-term Finance at Low Rates for Power, RE in Budget, expects ICRA Updated On Mon, Jan 17th, 2022 by Saurenergy Availability of adequate long-term financing at competitive rates is key in achieving India’s renewable goals, rating agency ICRA said as part of its pre-Budget expectations report. The Union Budget for FY23 will be tabled in the Parliament on February 1. The rating agency said that incentives and relevant policy measures are needed to promote investments […] Read more
Cabinet Approves Intra-State Transmission System – Green Energy Corridor Phase-II Updated On Thu, Jan 6th, 2022 by Saurenergy The Cabinet Committee on Economic Affairs (CCEA), chaired by the Prime Minister Narendra Modi, today approved the scheme on Green Energy Corridor (GEC) Phase-II for Intra-State Transmission System (InSTS) for addition of approximately 10,750 circuit kilometres (ckm) of transmission lines and approx. 27,500 Mega Volt-Amperes (MVA) transformation capacity of substations. The scheme will facilitate grid […] Read more
Oil India to Install 100 kW Green Hydrogen Facility in Assam Updated On Mon, Jan 3rd, 2022 by Saurenergy Oil India Ltd is setting up a plant to manufacture green hydrogen at its Jorhat oilfield in Assam, the nation’s second-largest state-owned oil explorer said in a statement. “To strengthen its bouquet of clean energy offerings”, the company has initiated action for setting up a 100 kW green hydrogen plant at its Pump station-3 in […] Read more
Danish Fund IFU To Invest $34 Million Into Cleanmax Updated On Tue, Dec 21st, 2021 by Saurenergy In yet more funding news, The Danish Investment Fund for Developing Countries (IFU) is investing USD 34 million (Rs 260 cr approx.) in CleanMax, which has an aggregated capacity of 750+ MW of installed solar and wind-solar hybrid power. Cleanmax, founded in 20211, has been an early mover in the commercial and industrial segment, and […] Read more
Octopus Energy, Sterlite Power Sign MOU For Green Power Systems Updated On Tue, Dec 21st, 2021 by Saurenergy UK based 1.2 billion pound sterling energy group Octopus Energy Group, which has over 3 million customers in the UK has entered into an MOU with leading Indian power transmission player Sterlite Power. The agreement aims to help decarbonise Indian industry and bring cheaper green power to consumers around the world. The Memorandum of Understanding […] Read more
Integrating Storage Key to Solar’s Long-term Success, says Sterling and Wilson Renewable Energy Ltd CEO Updated On Fri, Dec 3rd, 2021 by Saurenergy In this conversation with Prasanna Singh, Group Editor at Saur Energy, Mr. Chandra Kishore Thakur, CEO, Sterling and Wilson Renewable Energy Limited, reflects on the firm’s current and future plans. Throwing light on solar’s growth potential in India, Mr. Thakur cites inflation, supply chain constraints and GST taxation structure, among others, as key challenges. Q. What […] Read more
India At 75 And Beyond. Solar’s Starring Role Updated On Mon, Nov 29th, 2021 by Saurenergy India’s Climate Pledges Prime Minister Narendra Modi’s pledge at the COP26 Climate Summit at Glasgow, not only laid down the roadmap for India to scale up contribution of renewable energy in the overall energy blend, it also set the ball rolling for exploring a new industrial model. India, which is the third largest emitter of […] Read more
