Keen To Enter Into RE, OTPP Offers Rs 2300 Cr For 49% Stake In Mahindra Susten Updated On Thu, Jun 23rd, 2022 by Saurenergy One of the largest pension funds in Canada, Ontario Teachers’ Pension Plan (OTPP), is looking to acquire a stake of close to 49%, worth Rs 2,300 crore in Mahindra Susten Pvt Ltd, thereby valuing the entity at Rs 4,600 crore, inclusive of debt. An exclusivity clause has been signed between OTPP and Mahindra Susten. With […] Read more
Karnataka Looks At A Hydrogen Cluster In Mangaluru Updated On Mon, Jun 20th, 2022 by Saurenergy Karnataka recently signed two major projects about hydrogen production. ACME Cleantech Solutions Private Limited and ReNew Power have each signed to invest ₹52,000 crores and ₹50,000 crore in the state over the last one month, in MoU’s signed at Davos. Sharing the vision of the state government, Gunjan Krishna, commissioner for industrial development and director, […] Read more
Record US $14.5 b Investment In Indian RE In Last FY Updated On Mon, Jun 13th, 2022 by Saurenergy A record US$14.5 billion was invested in renewable energy In India during the last financial year (FY2021-22) registering an increase of 125% compared to FY2020-21. However, that number still needs to be higher to meet the new demands of the renewable capacity target of 500GW by 2030. 15.5 gigawatts (GW) of renewable energy capacity was […] Read more
ACME Group Makes Rs 50,000 cr For Green Hydrogen Production in Karnataka Updated On Wed, Jun 8th, 2022 by Saurenergy Gurugram-based ACME Cleantech Solutions Private Limited has announced that it has signed a Memorandum of Understanding (MoU) with the state government of Karnataka where it has proposed the setting up of a sizeable green hydrogen and ammonia plant. ACME’s plan envisages that it will be investing Rs 51,865 crore ($6.7 billion) in Karnataka within five […] Read more
Energy Storage To Keep Pace With RE Installation In India – Fitch Ratings Updated On Tue, Jun 7th, 2022 by Saurenergy The success of renewable energy in any market largely depends on the energy storage capacity given the intermittency nature of it. The credit rating agency, Fitch Ratings, has said in its new report that power storage demand in India will expand at a rapid pace to stabilise the increasing variability on both the power supply […] Read more
SECI’s Tranche V Hybrid Auction for 1200 MW Goes At Rs 2.53/Unit Updated On Fri, May 6th, 2022 by Saurenergy In results that most industry watchers will consider more than good enough, SECI has managed to attract winning bids at Rs 2.53/unit from Tata Power, NTPC and AMP Energy at Rs 2.53 each for it 1200 MW Hybrid auction. The winning bids, while higher than the last Hybrid auction which attracted bids at Rs 2.34 […] Read more
After Solar, Volatility Impacts Wind Manufacturers, Projects Affected in India Too Updated On Mon, May 2nd, 2022 by Saurenergy Rising demand and orders have failed to convert to profits for many wind energy manufacturing firms. Wind power heavyweights Vestas Wind Systems A/S, General Electric Co. and Siemens Gamesa Renewable Energy SA are all reeling from high raw material and logistics costs, changes in key clean-power subsidies, years of pressure on turbine prices and an […] Read more
TOP FIVE SOLAR PARKS IN INDIA Updated On Thu, Mar 17th, 2022 by Saurenergy TOP FIVE SOLAR PARKS IN INDIA Name of the Park Location Planned Capacity Operational Commissioned Capacity Developer(s) Highlight Bhadla Solar Park Rajasthan 2245 MW 2245 MW • SB Energy SoftBank In December • Hero Future Energies 2020, the park • NTPC witnessed the • ACME Solar then lowest bid • Azure Power for solar power […] Read more
ArcelorMittal Throws in Hat to Buy Sprng Energy in Green Steel Push Updated On Mon, Feb 7th, 2022 by Saurenergy ArcelorMittal, the world’s biggest steel maker is making a play for Sprng Energy, Indian renewable platform of Actis, as the steelmaker looks at cleaner energy sources to decarbonise production around the world and in India, people aware of the development have told news agencies. This arguably is the first time in India a steel producer […] Read more
