3 GW Of Pumped Hydro Projects Set To Boost MSEDCL’s Portfolio Updated On Fri, Sep 27th, 2024 by Saurenergy Maharashtra is set to witness the addition of 3 GW of energy storage projects through Pumped Storage Projects (PSPs). These new projects are expected to meet the growing demand of the Maharashtra State Electricity Distribution Company Ltd. (MSEDCL). Two companies, JSW Neo Energy Limited and Torrent Power Limited, have secured contracts to build the projects. […] Read more
Two Point O Capital Raises $6.3 Million From Omnivore, Others Updated On Fri, Sep 27th, 2024 by Saurenergy Two Point O Capital, a climate financing platform for businesses (including MSMEs and rural enterprises), announced today that it has raised $6.3 million in Seed funding. VC fund Omnivore led the round with participation from Multiply Ventures, RTP Global, GrowX, Spectrum Impact, and a group of angel funders. Two Point O aims to address the […] Read more
NTPC REL Floats 1 GW Land, Power Evacuation Tender In Karnataka Updated On Thu, Sep 26th, 2024 by Saurenergy NTPC Renewable Energy Limited (NTPC REL) has released a tender for a land and power evacuation package to develop 1 GW (1000 MW) ISTS-connected solar PV projects in the Bidar Region in Karnataka. The tender sets October 24th as the last date for bid submission. In the brief scope of work, the tender detailed the […] Read more
Saur Energy International August 2024- The Wait for Great Renewable Deals Updated On Thu, Sep 26th, 2024 by Saurenergy Editorial What happened to those unbelievably low solar tender bids? People still remember how bids breached the Rs 2 per unit floor, back in 2020 at an auction by GUVNL. However, after a brief time, prices climbed yet again, and in a period of volatility since that the industry has rarely seen, today rule in […] Read more
Aditya Birla Renewables Raises Rs. 2,500 Cr Through NCDs Updated On Wed, Sep 25th, 2024 by Saurenergy Aditya Birla Group’s renewable energy arm, Aditya Birla Renewables Limited (ABReL), has successfully secured Rs. 2,500 crore through a private placement of non-convertible debentures (NCDs). These NCDs have a face value of Rs. 1 lakh each, for an aggregate amount of up to Rs. 2,500 crore, inclusive of a base issue size of up to […] Read more
MERC Declines To Give Relief To EESL Over ‘Change of Law’ Claim Updated On Wed, Sep 25th, 2024 by Saurenergy The Maharashtra Electricity Regulatory Commission (MERC) in its latest order declined any relief to the Energy Efficiency Services Ltd (EESL). The case was related to the petition of the government entity, seeking compensation of Rs 27 crore. EESL sought this amount due to the rise of taxations on solar equipment during the developmental phase of […] Read more
81% of RE Additions In 2023 Were Cheaper Than Fossil Fuels: IRENA Updated On Wed, Sep 25th, 2024 by Saurenergy Renewables remain competitive despite fossil fuel prices returning closer to historical cost levels, concludes Renewable Power Generation Costs in 2023, released by the International Renewable Energy Agency (IRENA) at the Global Renewables Summit during the UN General Assembly in New York today. Of the record 473 gigawatts (GW) added in 2023, 81% or 382 GW […] 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
Hybrid Solar, Wind Projects To Fuel Cochin Shipyard Operations Updated On Wed, Sep 25th, 2024 by Saurenergy The Kerala government’s Energy Management Centre (EMC) has initiated plans to power Cochin Shipyard Limited (CSL) with renewable energy. To move forward with this initiative, a tender has been issued seeking consultants for the project. The last date of bid submission is September 30. Established in 1972, Cochin Shipyard Limited is a prominent shipbuilding and […] Read more
