REC Raises $500 Mn Through Green Bonds Updated On Mon, Sep 30th, 2024 by Saurenergy REC Limited, a state-owned infrastructure company has raised $500 million through 5-year green bonds as part of its $10 billion Global Medium-Term Program. REC plans to use these funds to finance eligible green energy projects that qualify under its green finance framework. REC a ‘Maharatna’ company under the administrative control of the Ministry of Power, […] 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
Shift To Two-Wheeler EVs To Reduce India’s Petrol Consumption: CRISIL Updated On Mon, Sep 30th, 2024 by Saurenergy In a recent report, CRISIL Research highlights a projected rise in the market share of electric two-wheelers, expected to reach 12-15% by fiscal 2030 from current levels of under 5%. Additionally, the report highlights the emergence of compressed natural gas (CNG) passenger vehicle sales are expected to grow to 17-19% by the same period. This […] Read more
SJVN, Maharashtra Partner To Develop PSPs, Floating Solar Projects Updated On Fri, Sep 27th, 2024 by Saurenergy SJVN, a Navratna Central Public Sector Enterprise (CPSE), has signed two Memorandums of Understanding (MoUs) with the Maharashtra government to build Pumped Storage Projects (PSPs) and Floating Solar Projects in the state. The total estimated investment for these projects is approximately Rs. 48,000 crores. It is expected to create around 8,400 direct and indirect employment […] Read more
GERC Reaffirms Right Of Developers To Replace Damaged Modules Updated On Fri, Sep 27th, 2024 by Saurenergy The Gujarat Electricity Regulatory Commission (GERC) in its latest order said that the solar generators are entitled to replace their older damaged solar panels with new modules by abiding with the committed CUF (Capacity Utilisation Factor). The order of the state power regulator came to the light while hearing a petition of solar power generator […] Read more
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
