Maharashtra Leads In Providing Incentive Under The Rooftop Solar Program In 2023 Updated On Wed, Dec 20th, 2023 by Saurenergy The Union Minister for New & Renewable Energy and Power (MNRE) informed the parliament in a written reply to the renewable energy capacity in the country has increased by about 2.35 times in the last decade. Among other details, the minister gives a state-wise detail of subsidies provided under various schemes to encourage new and […] Read more
LG Chem Rides IRA Benefits to Set Up Largest Cathode Materials Plant in US Updated On Wed, Dec 20th, 2023 by Saurenergy LG Chem has commenced the construction of a cathode plant in the U.S., intending to establish a production hub for the global battery material market. The facility, located in Montgomery County, Clarksville, Tennessee, will locally produce cathode materials optimized for North American electric vehicles (EVs) and collaborate with key partners from development to supply chain. […] Read more
India’s RE Sector Saw FDI Equity Investment of USD 6,137.39 Mn in Last 3 Financial Years Updated On Wed, Dec 20th, 2023 by Saurenergy The Minister for New & Renewable Energy and Power, R.K. Singh, disclosed measures taken to entice Foreign Direct Investment (FDI) into India’s renewable energy sector. Currently, India’s FDI policy permits up to 100% investment in the renewable energy sector through the automatic route. According to the Department for Promotion of Industry and Internal Trade (DPIIT), […] Read more
UPNEDA Sets Sights on Selecting Solar Power Developers for 500 MW Rooftop PV Project Updated On Wed, Dec 20th, 2023 by Saurenergy Uttar Pradesh New & Renewable Energy Development Agency has issued a tender for the selection of solar power developers for setting up of 500 MW of grid connected rooftop solar PV project on Government / semi-government buildings and other Institutions at various locations in Uttar Pradesh under RESCO Model on net metering basis through tariff […] Read more
Saudi’s ACWA Power in PPA with South Africa for Dispatchable RE Project of 150 MW Updated On Wed, Dec 20th, 2023 by Saurenergy Saudi-based clean energy firm ACWA Power, has entered into a Power Purchase Agreement (PPA) for a project known as, ‘ACWA Power Project DAO’ to be established in South Africa. The initiative is for a dispatchable renewable hybrid plant of 150 MW capacity. The signatories of the agreements included Gwede Mantashe, Minister of Mineral Resources and […] Read more
Vinayak Kathare Joins Log9 Materials As Vice President, Stationary Energy Systems Updated On Tue, Dec 19th, 2023 by Saurenergy Vinayak Kathare has joined Log9 Materials as its new Vice President of Stationary Energy Systems. Headquartered in Bengaluru, Log9 Materials delves in batteries and energy storage solutions. Vinayak Kathare brings a wealth of experience in the renewable energy industry. His background includes heading new initiatives for one of India’s leading renewable energy firms. The firm […] Read more
Wind Turbine Manufacturer Suzlon Partners with REC for Working Capital Lines Updated On Tue, Dec 19th, 2023 by Saurenergy Indian wind turbine manufacturer, Suzlon Group has announced the execution of definitive documents for securing working capital facilities with REC Limited. Suzlon will utilise this facility for meeting working capital requirements for the execution of its current order book and future order pipeline. This initiative will enable the firm to ensure faster ramp-up of its […] Read more
MERC Rejects MEDA’s Plea For 50% Local RE Procurement By Discoms Updated On Tue, Dec 19th, 2023 by Saurenergy The Maharashtra Energy Development Agency had filed a petition with the Maharashtra Electricity Regulatory Commission (MERC) asking it to issue appropriate directions to distribution licensees (discoms) to meet 50% of total Renewable Purchase Obligation (RPO) requirement by purchase of energy from Renewable Sources within the State. Maharashtra has achieved installed capacity of 10,799 MW as […] Read more
BSPGCL Looks for Solar Developer for 185 MW PV Project with 254 MW BESS Updated On Tue, Dec 19th, 2023 by Saurenergy The Bihar State Power Generation Company Ltd (BSPGCL) has issued a tender looking for a solar developer for the development of a 185 MW solar project in Kajra, Lakhisarai district. It will be supplemented by a 254 MW Battery Energy Storage System. The Battery Energy Storage System must be established for power delivery of a […] Read more
