ReNew Signs Contract To Sell 300 MW Solar Project With $199mn Valuation Updated On Mon, Jan 8th, 2024 by Saurenergy Indian renewable energy company ReNew today announced that it has signed a Share Purchase Agreement with India Grid Trust to sell a 300 MW solar project in Rajasthan – ReNew Solar Urja Private Limited – for a total enterprise value of $199 million. The transaction is expected to close in accordance with PPA conditions. Approximately […] Read more
Aker Plans First Subsea Power System For Floating Offshore Wind Power Updated On Mon, Jan 8th, 2024 by Saurenergy Aker Solutions has signed a front-end engineering and design (FEED) contract with the Marine Energy Test Centre (METCentre) in Norway to pilot new subsea power system technology which has the potential to significantly reduce costs and complexity of offshore wind farms. The project will see Aker Solutions provide new power transmission technology, Subsea Collector, for […] Read more
To Boost Renewables, Resilient Energy Systems, US Commits $70mn Updated On Mon, Jan 8th, 2024 by Saurenergy The United States (US) Department of Energy (DOE) announced up to $70 million of funding to support research into technologies designed to increase resilience in energy delivery infrastructure. The move is likely to boost the renewables into the system and boost the capabilities of the grid infrastructure in the country. The funding would support from […] Read more
Serentica Renewables In INR 3500 Cr Debt Deal For Its 530 MW RTC Project Updated On Mon, Jan 8th, 2024 by Saurenergy Serentica Renewables, which has quickly emerged as a leading C&I focused renewable energy developer in India within 2 years, announced the signing of its first international and commercial bank foreign currency loan worth INR 3500 crores (US$425 million) for its Round-The-Clock renewable energy project in India. The transaction brings together a consortium of three international […] Read more
Germany’s Renewable Energy Generation Witnesses 5% Rise YoY Updated On Mon, Jan 8th, 2024 by Saurenergy The Bundesnetzagentur, a German energy regulatory office published its electricity market data for 2023. In mentioned an increase in share of renewable energy generation in 2023, especially in the market share of the grid load. It estimated that the electricity generated from renewable sources stood at 55.0 percent, a rise from 48.42% in 2022. It […] Read more
Suzlon Adds Another 225 MW Order For Their 3 MW Series From Everrenew Updated On Fri, Jan 5th, 2024 by Saurenergy Suzlon Group, has announced a new order on January 5 for the development of a 225 MW wind power project for Everrenew Energy Private Limited. Suzlon will install 75 wind turbine generators (WTGs) with a Hybrid Lattice Tubular (HLT) tower and a rated capacity of 3 MW each at the client’s sites at Vengaimandalam, Trichy […] Read more
Torrent Power Invests Rs 47,000 cr In RE Distribution Within Gujarat Updated On Thu, Jan 4th, 2024 by Saurenergy Torrent Power has inked four agreements with the Gujarat government to invest around Rs. 47,350 crores in the renewable energy sector, Green Hydrogen, and in the electricity distribution business. Torrent Power, an integrated power utility, has diversified the Torrent Group investment with the signing of four non-binding Memorandum of Understanding (MoU) with the government of Gujarat […] Read more
Average Power Supply In Rural India Touched 20.6 Hours: RK Singh Updated On Wed, Jan 3rd, 2024 by Saurenergy The Ministry of Power (MoP) data on power availability within the power sector showcased a growth trend in 2023. Union Power Minister RK Singh said that several reforms in the power sector brought several positive results, including reduced AT&C (Aggregate Technical and Commercial) losses. “The AT&C losses in the power sector went down to 15.41% (provisional) […] Read more
SJVN Commissions 75 MW Gurhah Solar Power Plant In Uttar Pradesh. Updated On Wed, Jan 3rd, 2024 by Saurenergy Satluj Jal Vidyut Nigam Limited (SJVN) Limited chairman & managing director (CMD) Nand Lal Sharma announced that its 75 MW Gurhah solar power plant located in district Jalaun, Uttar Pradesh (UP) has achieved commercial operation. With the commissioning of this project, the installed capacity of SJVN currently stands at 2227 MW. He further stated, “SJVN has implemented […] Read more
