Baseload Capital Raises $24 Million To Bolster Geothermal Energy Updated On Fri, Oct 21st, 2022 by Saurenergy Swedish climate investment firm Baseload Capital has made a $24 million investment in geothermal energy. Thanks to a $25 million loan facility it secured with Sustainable Development Capital of London in the spring, Baseload Capital has received more than $45 million. While the credit allows for flexible financing for the commissioning of future geothermal power […] Read more
ISA Decides On Solar Facility To Expedite Funding Updated On Fri, Oct 21st, 2022 by Saurenergy In its fifth general assembly, International Solar Alliance (ISA) has approved the creation of a ‘Solar Facility’ which will be a financial instrument to encourage investments in solar energy through insurance funds and payment guarantee. Readers will recall that a key mandate of the ISA itself was to enable financing for solar in developing countries. […] Read more
MPUVNL Invites RFP for 15 MW of Grid-Connected Rooftop Solar Plant Updated On Fri, Oct 21st, 2022 by Saurenergy Madhya Pradesh Urja Vikas Nigam Limited (MPUVNL) has invited a Request for Proposal (RFP) for 15 MW of grid-connected rooftop solar plants. These 15 MW rooftop solar PV systems under the RESCO Model would be installed at various locations in Madhya Pradesh. This MPUVNL 35 MW solar tender includes the scope of work in design, […] Read more
Suzlon Energy Rs 1200 Crores Rights Issue Oversubscribed 1.8x Times Updated On Fri, Oct 21st, 2022 by Saurenergy Suzlon Energy Limited, one of India’s top producers of wind components based on capacity, and one of the top renewable energy O&M service providers based on capacity served, recently announced the successful completion of the Rs. 240 crores partially paid-up equity share rights issue (the “Rights Issue”) that was first announced on October 11, 2022. […] Read more
SJVN To Build 105-MW Floating Solar Project In Maharashtra Updated On Fri, Oct 21st, 2022 by Saurenergy State owned renewable energy multinational Satluj Jal Vidyut Nigam (SJVN) has announced that the company has won the 105-MW floating solar project from the Maharashtra State Power Generation Company (MAHAGENCO). SJVN said that it obtained the project through an e-reverse auction. SJVN mentioned in the announcement that it bagged the 105-MW Floating Solar Project at […] Read more
NIWE & NLCIL Collaborate to Build Onshore, Offshore Wind Power Plants Updated On Thu, Oct 20th, 2022 by Saurenergy To collaborate strategically on the development of onshore and offshore wind power projects in India, Neyveli Lignite Corporation Limited India Ltd (NLCIL) and the National Institute of Wind Energy (NIWE)- an independent R&D organization under the Ministry of New and Renewable Energy have signed a Memorandum of Understanding (MoU). The MoU was signed and exchanged […] Read more
Revfin Raises $10 Mn from Green Frontier Capital to Expand EV Financing Updated On Thu, Oct 20th, 2022 by Saurenergy Revfin, a Delhi-based EV finance platform for individual drivers, announced that its Series A round of fundraising, totaling $ 10 million in stock and debt, has been closed. In addition to participation from current investors, the funding round was led by Green Frontier Capital (GFC), India’s first-ever venture capital fund that specialises in climate investments […] Read more
GUVNL Invites Bids for 300 MW Wind Power Project Phase IV Updated On Thu, Oct 20th, 2022 by Saurenergy Gujarat Urja Vikas Nigam Ltd. (GUVNL) has floated a tender the phase IV of 300 MW grid-connected for the purchase of power through a competitive bidding process. This project will be a grid-connected wind power project to be set up anywhere in India with an additional 300 MW capacity under the ‘Greenshoe Option’ for compliance […] Read more
USA’s Triton Electric Vehicle Issues Rs 8060 Cr LoI to Bharat Electronics for Battery Packs Updated On Thu, Oct 20th, 2022 by Saurenergy Navratna Defence PSU Bharat Electronics Limited (BEL) has received a Letter of Intent (LoI) from USA-based and a subsidiary of Triton Electric Vehicle LLC electric vehicle company Triton Electric Vehicle India (TEV) for the purchase of 300 KW Li-Ion Battery Packs for its semi-truck project in India at an estimated cost of Rs. 8060 Crores. […] Read more
