Solar Finance Startup Metafin Gets $5 Million Funding Updated On Thu, Feb 8th, 2024 by Saurenergy Metafin, a leading cleantech-focused NBFC, has successfully raised $5 million in equity funding, led by Prime Venture Partners and Varanium Capital. This investment backs Metafin’s approach to accelerating rooftop solar adoption and financing in rural India. Metafin plans to utilize funds to expand across states, grow its loan book, enhance its technology and IoT stack, […] Read more
The Pushback Against China’s Dominance In Solar Manufacturing Updated On Thu, Feb 8th, 2024 by Saurenergy Close on the heels of the European Solar Manufacturing Council (ESMC) virtually putting up its hands on the future of solar manufacturers in the continent comes news of US senators urging the Biden Administration to take action against ‘cheap” Chinese imports as well. The same Chinese imports have actually made solar more accessible and viable […] Read more
Rooftop Solar: Rajasthan Regulator Increases Net-Metering Limit To 1MW Updated On Thu, Feb 8th, 2024 by Saurenergy Rajasthan Electricity Regulatory Commission (RERC), in its latest suo-motu order, increased the net metering limit for rooftop solar consumers from 500 Kw to 1 Megawatt (MW). The order cited the slow growth of rooftop solar in the state and the thrust of the Union government toward the segment. Per the Rights of Consumer (ROC) Amendment […] Read more
Scotland’s TWP Progresses With Its 1 GW Offshore Floating Wind Project Updated On Wed, Feb 7th, 2024 by Saurenergy Scotland-based renewable energy company Thistle Wind Partners (TWP) has submitted the onshore scoping report for its Ayre floating offshore wind project which is among the two of its ScotWind projects. According to the press release by the company, the 1 GW Ayre Offshore Wind Plant is planned to be located at the east of Orkney […] Read more
Jharkhand Invites Bids for Solar Plants in Tribal Villages Under PM-JANMAN Updated On Wed, Feb 7th, 2024 by Saurenergy Jharkhand Renewable Energy Development Agency (JREDA) has invited bids regarding designing, manufacturing, testing, supply, installation & commissioning of Solar Photo voltaic Mini/Micro Grid and Solar Standalone Systems of different capacities with distribution network including control room & connection to households along with five-year comprehensive maintenance contract (CMC) on Turnkey basis in different PVTG villages anywhere […] Read more
UNPEDA Issues Three Tenders For 7-MW Rooftop Solar Installations Updated On Wed, Feb 7th, 2024 by Saurenergy The Uttar Pradesh New And Renewable Energy Development Agency (UPNEDA) has released three tenders for the installation of 7 MW of grid-connected net-metered rooftop solar projects accompanied by battery backup. As far as the first tender is concerned, qualified bidders are invited to participate in the procurement process for the installation of grid-connected net-metered rooftop solar projects […] Read more
Aether Industries To Add 15 MW Solar To Captive Capacity Updated On Wed, Feb 7th, 2024 by Saurenergy Gujarat based speciality chemicals firm Aether Industries is adding to its existing captive solar capacity of 16 MW. With the initiation of a 15 MW Solar Power Project (Auto-Tracker Modules) under the Captive Power Producer (CPP) segment, the firm will move further towards powering operations using renewable energy. The newest order has been entrusted to […] Read more
Rooftop Solar: Will PSUs Deliver For PM Suryodaya Yojana? Updated On Wed, Feb 7th, 2024 by Saurenergy The MNRE’s January 25 Office Memorandum, where it allocated states to specific PSUs for pushing the ambitious new Rooftop Solar targets, throws up some very interesting questions. With a target of 10 million households, and upto 3 KW of solar for each, the Pradhan Mantri Suryodaya Yojana is potentially a game changer, offering an opportunity […] Read more
Hindalco Inds Contracts For Renewable Energy From 100 MW Ayana Renewable Project Updated On Tue, Feb 6th, 2024 by Saurenergy Hindalco Industries Limited an Indian aluminum and copper manufacturing company, and a subsidiary of the Aditya Birla Group acquired 26% stake in Ayana Renewable Power (ARPFPL) a renewable energy company. The stake hold is a mandatory requirement when a firm contracts with an IPP for captive power requirements from a dedicated project. IPPs incorporate special […] Read more
