Avaada Has A Bangkok Connect, As Thailand’s GPSP Buys 41.6% Stake for Rs 3400 crores Updated On Wed, Jul 14th, 2021 by Saurenergy Leading Thailand based power utility-Global Power Synergy Public Company (GPSC) has acquired a 41.6% stake in renewable energy major Avaada Energy Private for Thai Baht 14.82 billion (Rs 33.88 billion). That makes it among the largest renewable energy deals in India, which continues to consolidate as well as attract global capital. Deal Announcement GPSP firm […] Read more
NTPC REL Gets Busy As MNRE Approves 4750 MW Solar Park in Gujarat Updated On Wed, Jul 14th, 2021 by Saurenergy Power Major NTPC’s renewable energy arm, NTPC Renewable Energy Limited (NTPC REL) is filling up its pipeline of projects quickly, as it will now set up India’s single-largest solar photovoltaic project at Rann of Kutch at Khavada in Gujarat, the company said on Tuesday. the announcement comes barely a month after the state owned power major […] Read more
MERC Signals Go Slow On AEML’s RE Procurement Plans for Mumbai Updated On Tue, Jul 13th, 2021 by Saurenergy The Maharashtra Electricity Regulatory Commission (MERC) has issued a new order, allowing Adani Electricity Mumbai Ltd (AEML) to initiate the bidding process for the procurement of power upto 500 MW on round the clock (RTC) basis from grid connected renewable energy power projects, complemented with other non-renewable energy source. The commission has partly accepted AEML‘s […] Read more
NTPC Signs MoU with Ladakh For Country’s First Green Hydrogen Mobility Project Updated On Tue, Jul 13th, 2021 by Saurenergy NTPC Renewable Energy Ltd. (REL) has signed a Memorandum of Understanding (MoU) with the Union Territory of Ladakh to set up the country’s first Green Hydrogen Mobility project. NTPC REL, a wholly-owned subsidiary of NTPC, announced that this MoU will enable it to help Ladakh develop a carbon-free economy based on renewable sources and green hydrogen. This […] Read more
Lightsource bp Raises Euro 52M For 100MW Solar Projects in Spain Updated On Tue, Jul 13th, 2021 by Saurenergy European solar developer Lightsource bp has successfully raised a Euro 52 million term loan from leading financial backers for its Barrica solar projects in the Aragon region of Spain, giving the green light for construction to begin on two 49.5MWp solar sites. Leading financial backers include Banco Sabadell, Natwest, Santander, and Intesa Sanpaolo, which provided the necessary financial […] Read more
Woodmac Predicts Low Solar Achievement Rates for India By 2030 Updated On Tue, Jul 13th, 2021 by Saurenergy Market Research firm Wood Mackenzie (Woodmac) says that Asia Pacific solar photovoltaic (PV) capacity could triple to 1,500 gigawatts (GW) by 2030. China To Remain Leader Even as China will remain leader in the region, woodmac says low completion rates in India mean the country will miss its 100 GW solar target for 2022, […] Read more
Wind Farms in Brazil’s Northeast Hit New Peak Generation Record, Again! Updated On Mon, Jul 12th, 2021 by Saurenergy The Brazilian Northeast wind parks generated their peak —11,548 MW — at 23:56 local time on July 8, according to data from the National Electric System Operator (ONS). The volume produced by wind parks accounted for 99.2% of the regional need. This is the second time the region has broken its generation record this month. The previous […] Read more
Chief Manager – Finance Updated On Mon, Jul 12th, 2021 by Saurenergy Focusing on month end treasury books closing. Timely renewal of working capital limit from existing banks. Management of LC/BG limit. Preparation of LC/BG MIS. Daily cash flow management. Assisting team in timely opening of LC and BG from various banks. Maintain and build sustainable relationships with working capital lenders and Credit rating agencies etc. Qualifications […] Read more
BlackRock raises $250 M for Climate Projects in Asia, Latin America, Africa Updated On Mon, Jul 12th, 2021 by Saurenergy New York-based investment management company BlackRock has secured over $250 million from global investors and governments for the Climate Finance Partnership (CFP), which was introduced at the One Planet Summit in September 2018 under the leadership of French President Emmanuel Macron. CFP is a flagship blended finance vehicle that is designed to invest in climate solutions and […] Read more
