ADB Commits $2.6 Billion In Sovereign Lending to India Updated On Wed, May 29th, 2024 by Saurenergy The Asian Development Bank (ADB) which supports projects in developing member countries committed $2.6 billion in sovereign lending to India in 2023 for projects related to urban development, supporting industrial corridor development, promoting power sector reforms, support horticulture, and enhance connectivity. ADB also extended $23.53 million in technical assistance and $4.1 million in grants under […] Read more
Avaada Group Secures Rs 315 Cr Financing For Karnataka Solar Project Updated On Wed, May 29th, 2024 by Saurenergy The renewable energy arm of Avaada Group, Avaada Energy, has announced that it has closed the financing of about Rs 315 crore from Aseem Infrastructure Finance Limited (AIFL), an IFC (Infrastructure Finance Company), said the company statement. The company has secured financing for its solar PV power project being developed under a long-term captive Power […] Read more
Suzlon Secures 551.25 MW Order For Its 3 MW Series From Aditya Birla Updated On Wed, May 29th, 2024 by Saurenergy Indian wind energy company Suzlon Group today announced a new order win for the development of 551.25 MW wind power project for the Aditya Birla Group, a Global Indian Conglomerate. Suzlon will install 175 wind turbine generators (WTGs) with a Hybrid Lattice Tubular (HLT) tower and a rated capacity of 3.15 MW each at sites […] Read more
ALMM, RLMM Exemption for Green Hydrogen Announced Updated On Wed, May 29th, 2024 by Saurenergy In an announcement that was widely speculated about, the Ministry of New and Renewable Energy has issued an office memorandum dated May 27, that exempts solar plants , and wind energy from ALMM( Approved list of models and manufacturers) and RLMM ( Revised list of Models and manufacturers) requirements respectively if they are dedicated for […] Read more
Indowind Witness Rs 61.50 Lakh Profit In March 2023, Q4 Updated On Tue, May 28th, 2024 by Saurenergy Chennai-based wind energy company Indo Wind recently released its quarterly result report. Indowind Energy has wind farms, manages wind assets, and generates green power for sale to utilities and corporations. In its March quarter, Indo Wind reported a profit of Rs 61.50 lakh. whereas, last year, the company reported a loss of Rs 25 crore. […] Read more
Green Stocks React To Results, News Updated On Tue, May 28th, 2024 by Saurenergy Green energy stocks continue to react strongly to every bit of news. Thus, even as every EPC from Shakti Pumps to KPI to Sterling and Wilson Renewable fell, Waaree Renewable rose as management expressed strong optimism on the coming year. Solar glass maker Borosil Renewables stayed in losses, and the stock was duly marked down […] Read more
Green Energy To Outpace Fossil Fuel In Middle-East By 2040: Rystad Updated On Tue, May 28th, 2024 by Saurenergy Renewables capacity in the Middle East is set to soar in the coming years, with green energy sources outpacing fossil fuel usage in the power sector by 2040, according to Rystad Energy’s latest research. Solar photovoltaic (PV) is expected to emerge as the predominant source, accounting for more than half of the region’s power supply […] Read more
India’s Solar Energy Sector And Opportunities for Startups and Entrepreneurs Updated On Tue, May 28th, 2024 by Saurenergy India’s solar energy sector is experiencing a remarkable transformation, creating abundant opportunities for startups and entrepreneurs. With the government’s ambitious targets and supportive policies, this sector is becoming a hotspot for innovation and investment. Growing Solar Capacity India aims to achieve 300 GW of solar capacity by 2030, a significant leap from its current capacity […] Read more
Hitachi Energy To Build HVDC Link To Connect Tasmania To Mainland Grid In Australia Updated On Tue, May 28th, 2024 by Saurenergy Marinus Link Pty Ltd (MLPL) has selected Hitachi Energy to supply a high-voltage direct current (HVDC) project, which will augment the connection between mainland Australia and Tasmania’s grid. The approximately 345-kilometer cable route HVDC system will enable the flow of renewable power in both directions between the Victorian and Tasmanian states. For the first time […] Read more
