REC Steps Up On Green Financing With 37.3% Growth In Renewable Energy Funding Updated On Mon, Oct 7th, 2024 by Saurenergy REC Limited, a maharatna CPSE under the Ministry of Power and a leading NBFC, has disbursed loans worth ₹90,955 crore, up 20.10% year-on-year for the half year ended September 30, 2024. The quantum of renewable energy loans grew 92.68% year-on-year to ₹11,297 crore. Notably, the firm raised the largest ever tranche of green binds from […] Read more
US Energy Storage Surges With Second-Highest Quarterly Record Updated On Fri, Oct 4th, 2024 by Saurenergy The United States is continuing to break records for energy storage installations across key market segments, according to the latest report by Wood Mackenzie. In the second quarter of 2024, the US developers installed 3,011 MW and 10,492 MWh of energy storage capacity. This marks the second-largest quarterly capacity addition, surpassed only by Q4 2023, […] Read more
Green Stocks Sep 27: Mixed Day For Green Stocks, As Waaree RTL, Tata Power, SJVN Shine Updated On Fri, Sep 27th, 2024 by Saurenergy For Green stocks, on an otherwise weak day for the broader markets, it was a mixed day, as stocks like KPI Green, Suzlon, and Inox Wind failed to retain gains made during the week. Even as Waaree RTL delivered another circuit-breaker day with a 5% jump, and Tata Power continued to jump among the heavyweights […] Read more
MAHAPREIT and NTPC Sign RE Projects Worth 10 GW Updated On Fri, Sep 27th, 2024 by Saurenergy NTPC Green Energy Ltd (NGEL) is a wholly owned subsidiary of NTPC Ltd, under which a joint venture agreement was signed with Mahatma Phule Renewable Energy and Infrastructure Technology, MAHAPREIT. Together, the two firms are set to develop 10 GW of renewable energy parks and projects in the state of Maharashtra or other states in […] Read more
SJVN Invites Developers To Build RT Solar Projects On Gov Buildings Updated On Wed, Sep 25th, 2024 by Saurenergy SJVN has invited proposals from developers to set up 5830 kW of grid-connected rooftop solar power projects (without battery storage). SJVN is developing these on Union Government buildings across seven states, as designated by the MNRE under the PM Suryaghar scheme. These states are NCT of Delhi, Madhya Pradesh, Uttar Pradesh, Haryana, Gujarat, Maharashtra, and […] Read more
Sunsure Energy’s Contrarian Approach Pays Off Updated On Tue, Sep 24th, 2024 by Saurenergy Gurugram-based Sunsure Energy has made a virtue of what to many will appear to be a contrarian approach to business as a solar EPC and now, a developer (IPP). Founded in 2014 by Shashank Sharma (CEO), Sunsure Energy has 500 MW of assets under operation, 2.5 GW of renewable energy capacity under construction, and a […] Read more
ICRA Sees FDRE, RTC Projects As Key Drivers Of India’s RE Growth Updated On Mon, Sep 23rd, 2024 by Saurenergy A recent report by the Investment Information and Credit Rating Agency (ICRA) foresees a rise in renewable energy capacity in the next six years in India. It is estimated that the share of renewable energy (RE), plus large hydro, in all-India electricity generation, will increase to over 35% in FY2030 from 21% in FY2024. ICRA […] Read more
Green Stock Sep 20: Record Highs In Markets, Green Stocks Surge As Well Updated On Fri, Sep 20th, 2024 by Saurenergy On a day when the markets comprehensively broke new ground and records, the biggest green energy stocks were not to be left behind. Adani Green Energy and JSW Energy led the large-cap developers, while Waaree RTL and SW Solar led the EPCs on a strong day at the markets. The only stocks to miss out […] Read more
Purvah Green, Ecoren Collaborate For 686.85 MW Wind Project Updated On Thu, Sep 19th, 2024 by Saurenergy Today, West Bengal-based Purvah Green Power Private Limited, entered into a binding term sheet with Ecoren Energy India, which is neither a related party nor a part of the promoter or promoter group of the company. This agreement between the CESC subsidiary, Purvah Green Power, and Hyderabad-based Ecoren Energy is undertaken to build a wind […] Read more
