Govt VGF Scheme Can Support 36% Of Offshore Project Cost, Says CRISIL Updated On Thu, Jun 27th, 2024 by Saurenergy The Union Cabinet approval of the viability gap funding (VGF) scheme, with a total allocation of Rs 7,453 crore, is a boost for the offshore wind energy segment. It could trigger investments into a space developers have shied away from due to high cost, operational challenges, and offtake-related risks, according to CRISIL. This is a […] Read more
Serentica Invites Worldwide EoI for 800 MWh Standalone Battery Energy Storage Updated On Thu, Jun 27th, 2024 by Saurenergy Serentica Renewables has invited expressions of interest (EoI) to set up interstate transmission system-connected Battery Energy Storage Systems (BESS) to supply 800 MWh of battery capacity to Serentica’s round-the-clock green energy projects. Serentica is seeking technical partners worldwide to supply state-of-the-art Battery Energy Storage Systems capable of delivering reliable energy storage. The projects will comprise […] Read more
Moody’s Report Calls For Sustainable Financing To Shift Towards RE In India Updated On Thu, Jun 27th, 2024 by Saurenergy Moody, a financial service company, in its recent report, found a growing challenge faced by the renewable energy sector due to water scarcity in India. The report advocated for a shift towards renewable energy investments to mitigate these risks. Moody’s report cautions against a decrease in the per capita water due to its increased usage […] Read more
BII, Symbiotics Launch Second Green Basket Bond Across Asia, Africa Updated On Wed, Jun 26th, 2024 by Saurenergy British International Investment (BII), a UK-based development finance institution (DFI) and impact investor committed $75 million to the second ‘green basket bond’ arranged by Symbiotics Investments, a financial lender. The green lending program is expected to increase financing to small-scale green projects across Africa and South and South-East Asia through MSME lenders. This project particularly […] Read more
Renewables Can Cut 17% of India’s Heavy Industry Emissions: Ember Updated On Wed, Jun 26th, 2024 by Saurenergy A new report from the energy think tank Ember highlights the crucial role of renewables-based electrification in avoiding 17% of the anticipated carbon emissions from India’s heavy industry by 2030. This report indicates possible near and long term strategies to smash emissions as India negotiates with the EU bloc on mechanisms to comply with the […] Read more
Cleantech Solar Secures Rs 855 Cr Financing From Aseem Infrastructure Finance Updated On Tue, Jun 25th, 2024 by Saurenergy Cleantech Solar, a renewable energy solution provider with operations in India and Southeast Asia, has announced the financial close of a long-term senior secured loan of Rs. 855 crores from Aseem Infrastructure Finance Limited. This loan is to expand the company’s open-access Commercial and Industrial (C&I) portfolio in India. The Rupee Term Loan (RTL) is […] Read more
A Delay Foretold. How MSEDCL Delayed a 500 MW RE Project Involving Tata Power Updated On Tue, Jun 25th, 2024 by Saurenergy In looking at the orders of regulators at the state and national level (CERC and APTEL), one is regularly surprised at how common sense is regularly abandoned in favour of abundant precaution. Among state entities like discoms, the fear of being seen as biased trumps everything when it comes to a project. Be it the […] Read more
Waaree Secures Module Supply Contract For Acciona Energy’s Subsidiary Juna Updated On Mon, Jun 24th, 2024 by Saurenergy Indian solar module manufacturer Waaree Energies has been awarded a major contract by Acciona Energy’s subsidiary Juna Renewable Energy Private Limited, to supply its bifacial solar modules for the 412.5 MWp/335 MW AC project in Rajasthan. The date of commissioning of the said project is in March 2025. The project, located in Kawani village, Bikaner […] Read more
TotalEnergies Wins 1.5 GW North Sea Offshore Wind Project Updated On Mon, Jun 24th, 2024 by Saurenergy TotalEnergies, as shareholder of Offshore Wind One GmbH, has been awarded the maritime concession N-11.2 by the German Federal Network Agency, following auctions held in Germany. Located in the North Sea, around 120 kilometers north-west of the German island of Heligoland, concession N-11.2 (1.5 GW) covers an area of around 156 square kilometers. This success […] Read more
