Avaada Issues Largest Tranche of AAA Rated Green Bonds for $192 Million Updated On Wed, Mar 2nd, 2022 by Saurenergy Avaada Energy, India’s leading solar project developer, today announced that it is raising green bonds for INR 1440 Cr (USD 192 million) in the Indian capital market at 6.75% making it India’s largest AAA rated Green Bond by any renewable energy developer. The bonds are certified by Climate Bonds Standard Board of the Climate Bonds […] Read more
Wind Repowering in India Waits for a Favourable Wind Updated On Mon, Feb 28th, 2022 by Saurenergy The benefits of solar and wind energy as clean alternatives to oil, coal and gas are well established globally. Though many countries started their solar journey early, India’s solar-energy build-up has been consistently gathering momentum over the last decade, with the last five years seeing a sharp spurt. The wind energy sector, on the other […] Read more
Israeli RE Investor Econergy Secures €200 M for JVs in Poland, Romania Updated On Tue, Feb 22nd, 2022 by Saurenergy Renewables investor Econergy Renewable Energy has announced that it has secured two joint ventures to support the development of renewable energy projects in Poland and Romania. The joint ventures are with Israel’s Phoenix Insurance and French asset manager RGreen Invest, totalling more than 200 million euros ($227 million), Econergy said in a statement. Phoenix Insurance […] Read more
Senior Manager/Manager – O&M Updated On Wed, Feb 16th, 2022 by Saurenergy Responsibilities:- For all solar and wind sites preparing, executing, tracking of Preventive maintenance plan as per contract with SPV. Monitoring and maintaining all the spares and consumables as per contract at all sites Supporting procurement team for vendor identification, selection and spares/consumables specifications finalisation to optimise the maintenance/consumables cost Supporting site team in breakdown down […] Read more
CERC pushes Developers to settle Change in law issues with SECI directly, not in court Updated On Tue, Feb 15th, 2022 by Saurenergy In two recent judgements, the Central Electricity Regulatory Commission (CERC) rejected projects developers’ plea to intervene in the cases of claims arising out of Change in Law (CIL) events before the petitioners had attempted to mutually settle the matter with the parties involved in their respecting Power Purchase Agreements (PPAs), i.e. the Solar Energy Corporation of […] Read more
Resource Mobilization and Financial Specialist Updated On Thu, Feb 10th, 2022 by Saurenergy The International Solar Alliance (ISA) is an international organization headquartered in Gurgaon, National Capital Region of India with a Representation Office in New Delhi. The vision and mission of the ISA is to provide a dedicated platform for cooperation among solar resource rich countries where the global community, including bilateral and multilateral organizations, corporates, industry, […] Read more
Tata Power Net Profit Swells by 71% Signifying Comprehensive Growth Updated On Thu, Feb 10th, 2022 by Saurenergy The third quarter results of Tata Power in the current financial year is out and the company has posted a staggering 71% rise in the consolidated profits against the corresponding period of the previous fiscal. The renewable portfolio in terms of profit after tax (PAT) grew by 107% – all credit to their solar expansion. […] Read more
Brookfield Renewable Buys Urban Grid, Triples US Pipeline to 31GW Updated On Wed, Feb 9th, 2022 by Saurenergy Bermuda-headquartered Brookfield Renewable, which owns and operates renewable power assets, has acquired clean power developer Urban Grid and its pipeline of projects comprising approximately 13 GW of utility-scale solar and 7 GW of energy storage capacity for $650 million. The addition of Urban Grid’s projects approximately triples Brookfield Renewable’s U.S. development pipeline to approximately 31 […] Read more
Virescent Renewable Raises Rs 650 crore Through Domestic Bond Issue Updated On Tue, Feb 8th, 2022 by Saurenergy Virescent Renewable Energy Trust (VRET) and Infrastructure Investment trust (InvIT) has raised a capital of Rs. 650 crore through a domestic bond issue. The issue is meant for two tenors – one is 7.33-year for Rs 150 crore and the other being a 10-year one for Rs 500 crore. Virescent is backed by global investment […] Read more
