Serentica Renewables Gets Capital Infusion of INR 3000 Cr from REC Updated On Mon, Sep 25th, 2023 by Saurenergy Serentica Renewables, a C&I focused renewable energy developer in India, has announced the completion of INR 3000 crores of debt funding from REC Limited – one of India’s largest power sector lenders. REC’s support is expected to assist Serentica in developing its hybrid renewable energy projects coming up in Karnataka. The company is setting up […] Read more
REC Limited Funding Push Continues With Deals For Serentica, GreenKo Updated On Mon, Sep 18th, 2023 by Saurenergy REC Limited, a Maharatna PSE and the subsidiary firm of Power Finance Corporation is among the key govt.owned NBFCs mandated for enabling national goals. The firm has been very active of late. REC had hosted the Green Finance Summit in July 2023 on the side lines of G20, where one-on-one discussions with RE developers were […] Read more
CERC Refrains From Penalizing Southern States For Power Over Drawl Updated On Tue, Sep 12th, 2023 by Saurenergy The Central Electricity Regulatory Commission (CERC), in its latest judgment, has warned the southern Indian states against ignoring the warnings from the regional load despatch centers. The Commission, however, refrained from levying penalties on the state utilities for the same. The case came to the fore when the Southern Regional Load Despatch Centre (SRLDC) moved the […] Read more
Clients Willing To Pay A Premium For Green Data Centres- Moiz Vaswadawala, NTT Updated On Wed, Sep 6th, 2023 by Saurenergy Moiz Vaswadawala, Vice President, Risk management and Sustainability at NTT Global Data Centers & Cloud Infrastructure India Pvt Ltd, the leading data center provider in India currently, talks about the push towards greener, more sustainable data centres. Excerpts from the interview: What is a data centre’s total energy footprint like, in terms of power, water, […] Read more
Indian Airports Move Towards Renewables, Glare Hazards Pose New Challenge Updated On Fri, Sep 1st, 2023 by Saurenergy By-Ravleen Kaur Earlier in March, the Airports Authority of India (AAI) announced that it will use 100 percent renewable energy at all its airports by 2024. AAI is India’s public sector airport developer and operator. Of the 137 airports it manages, the statutory body has, already commissioned in-house solar plants at 38 airports with a capacity of 40 […] Read more
India’s Top 5 Module Manufacturers By Highest Module Efficiencies Basis ALMM List Updated On Fri, Sep 1st, 2023 by Saurenergy The Ministry of New & Renewable Energy has updated the Approved List of Models and Manufacturers (ALMM). The validity stands from March 10, 2023 to March 10, 2027. The ALMM list lays down the approved manufacturers whose modules can be used for government supported projects in India. Currently, there is a temporary exemption till March […] Read more
ReNew Energy Q1 Analyst Meet- Focus On Derisking, Valuations Updated On Wed, Aug 23rd, 2023 by Saurenergy On the second anniversary of its NASDAQ listing, ReNew Energy Global had a very positive outlook to share with analysts. Be it the growth in portfolio by almost 3 GW, almost all of it comitted through PPAs, or the drop in average collection period from over 200 to 114 days, or a clear growth path […] Read more
Norfund Pumps Repeat Investment into Fourth Partner Energy for ₹350 Cr Updated On Fri, Aug 11th, 2023 by Saurenergy Norwegian Investment Fund for developing countries – Norfund today announced a fresh investment of ₹350 Cr into renewable energy solutions platform, Fourth Partner Energy (4PEL). This is the second round of equity infusion by Norfund into 4PEL, following its $100 Mn investment in June 2021. Speaking about this development, Anders Blom, Vice President at Norfund […] Read more
C&I Segment: Group Captive Mode to Drive Installations in FY24-FY25-CareEdge Ratings Updated On Mon, Aug 7th, 2023 by Saurenergy A new report from CARE Ratings predicts sunny times for solar power through Group captive mode in India’s C&I segment. Commercial & Industrial (C&I) consumers in India have the option to purchase power either through a third-party power plant or through a captive/group captive power plant besides procuring power from the designated utility in their region. […] Read more
