ACME Group Achieves Financial Closure of INR 4,000 Cr Debt for Green Hydrogen & Ammonia Updated On Fri, Jul 21st, 2023 by Saurenergy Diversified renewable energy company ACME Group announced securing INR 4,000 crore loan from one of the India’s largest green infrastructure financial institutions Rural Electrification (REC) Limited for its green hydrogen and green ammonia project in Oman. The loan will be utilized to commence the first phase of the pioneering green hydrogen and green ammonia project, […] Read more
Avaada Group in MoU with REC for INR 20,000 Funding Updated On Thu, Jul 20th, 2023 by Saurenergy On the sidelines of the fourth meeting of the G20 Energy Transition Working Group (ETWG), Avaada Group, has announced a partnership with the Rural Electrification Corporation (REC), concretized through a Memorandum of Understanding (MoU). This agreement ushers in support for Avaada’s energy transition ventures, with the total investment reaching INR 20,000 crores over the next five […] Read more
MNRE, States Discuss Ways To Achieve 500 GW Renewable Target Updated On Wed, May 24th, 2023 by Saurenergy The Ministry of New and Renewable Energy (MNRE) discussed with different states in the national capital to review the progress of various renewable energy programmes in the country. In its brainstorming session, the ministry told the states that India had already achieved 172 Gigawatt (GW) of renewable energy while works are in different stages to […] Read more
Ryse Energy Raises $15 Million in Growth Capital Round Updated On Tue, Apr 11th, 2023 by Saurenergy Global decentralized renewable energy systems provider Ryse Energy, has said that it has raised a $15 million growth funding round. The firm claims to have sold or installed more than 4,000 units of decentralized renewables worldwide. Ryse Energy said that the funding round was led by RWE Energy Transition Investments, an investment vehicle of RWE […] Read more
Solar EPC: After Strong 2022, Industry Looks Ahead To Continuity in 2023 Updated On Tue, Jan 31st, 2023 by Saurenergy The Indian Solar EPC market looked good in the year gone-by as several EPC projects, both government and private, took off in 2022. Interestingly, even as large EPC firms with a global footprint like Sterling and Wilson Renewable Energy struggled with projects where they were on the hook for fixed price contracts, bearing heavy losses, […] Read more
Kenya’s State-Owned Utility Ken-Gen to Add 3000 MW RE to National Grid in Decade Updated On Fri, Jan 6th, 2023 by Saurenergy Kenya Electricity Generation Company (KenGen), which is a power utility owned by the State, has revealed that it has planned 3000 MW of renewable energy to the national over the span of the decade. Currently, KenGen has an installed capacity of 1,904 MW. It will look into tapping another 10,000 MW of clean energy. “The […] Read more
Engagement Of Experienced Personnel On Contract Basis Updated On Mon, Nov 21st, 2022 by Saurenergy POWERGRID, a ‘Maharatna’ Public Sector Enterprise under the Ministry of Power, Govt. of India is engaged in power transmission business with the mandate for planning, co-ordination, supervision and control over complete Inter-State Transmission System and operation of national & regional power grids. Government of India (GOI) has launched Revamped Distribution Sector Reform Scheme (RDSS) scheme […] Read more
Farm Fires Impact On Solar Generation In North India Updated On Tue, Nov 1st, 2022 by Saurenergy It’s the beginning of winter, and yet again, almost as regularly as the South West monsoons leaving the country, we have the onset of air pollution, especially over North India. As AQI (Air Quality Index) levels rise, air purifiers are brought in, while others hope the measures taken by their local governments will help. For […] Read more
WEnergy Global & Partners Win Biggest Tender for Power Grids in Philippines Updated On Fri, Sep 9th, 2022 by Saurenergy Singapore’s WEnergy Global, jointly with Maharlika Clean Power Holdings and Clean Grid Partners, collectively referred to as the Maharlika Consortium, through their Special Purpose Vehicle, Archipelago Renewables Corporation, has signed a Qualified Third Party (QTP) Service Contract to energize over 7,100 households and 300 small local businesses through 16 microgrids spread over 14 barangays in […] Read more
