Oman’s 25 GW RE Project To Become Future Ready Updated On Thu, Apr 7th, 2022 by Saurenergy An international consortium is developing a 25GW renewable project in Oman to produce 1.8 millions of tons per annum of green hydrogen and up to 10 million tons per annum of green ammonia by 2030 to make the Middle Eastern country a leading player in truly zero carbon fuels. The consortium — comprised of OQ […] Read more
Six RE Players Form IGHPA for Hydrogen Advocacy Updated On Tue, Mar 29th, 2022 by Saurenergy Six companies dealing in renewable energy (RE) have come together to form an independent advocacy group to give a fillip to the Hydrogen Sector in India. It will be called as Independent Green Hydrogen Association (IGHPA) and the key objective of the forum is to engage with Government and other key stakeholders to realize the […] Read more
Waaree Energies Gets SEBI Nod For Rs.1500 Cr IPO Updated On Tue, Jan 11th, 2022 by Saurenergy Waaree Energies Ltd, one of the country’s largest solar module manufacturers has received approval from markets regulator SEBI to launch its initial public offering (IPO). In September, the company had filed draft papers with SEBI. The IPO comprises fresh issue of shares worth Rs 1350 crore, and an offer for sale up to 4,007,500 equity […] Read more
Inverter Major Sungrow Hits 10 GW Shipment Record In India Updated On Tue, Nov 2nd, 2021 by Saurenergy Sungrow, the global leading inverter solution supplier for renewables, has breached a new milestone for PV inverter shipments in India – 10 GW. Gratifyingly for the firm, it has not been even one year since the last 7 GW record, announced in January 2021. The company has clearly done well from the sharp recovery of […] Read more
RE Investment in India Bounces Back from COVID-19 Slowdown: IEEFA Updated On Mon, Aug 23rd, 2021 by Saurenergy Renewable energy investment is rising again in India following the slowdown in the previous financial year due to the onset of the COVID-19 pandemic, finds a new briefing note by the Institute for Energy Economics and Financial Analysis (IEEFA). In the first four months of this financial year (FY), from April to July 2021, investment […] Read more
Azure Power Secures Green Bond of US$41.4 Million At Lowest Coupon of 3.575% Updated On Fri, Aug 13th, 2021 by Saurenergy Indian independent power producer (IPP), Azure Power Global Limited announced the issuance of a dollar green bond of US$414,000,000, through its wholly-owned subsidiary, Azure Power Energy Ltd. The Bond, maturing in 2026, will be issued at a coupon of 3.575%, i.e., the lowest ever coupon in the high-yield segment for any business out of India […] Read more
SECI Finally Finds The First Buyer for Manufacturing Linked Tender- GRIDCO Updated On Thu, Jul 29th, 2021 by Saurenergy Late last week, SECI (Solar Energy Corporation of India) announced the first power supply agreement (PSA) in connection with its manufacturing-linked solar tenders, floated in November 2019. These were won by Adani Green and Azure Power finally. Signed in Bhubaneshwar between SECI and GRIDCO Limited (or Grid Cooperation of Odisha), a subsidiary of Odisha Electricity […] Read more
Tata Power, Azure Win MSEDCL Hybrid Tender With Rs 2.62 Bid Updated On Mon, Jul 12th, 2021 by Saurenergy Tata Power (TP Saurya Limited) and Azure Power have edged out RenEw Power to win the Hybrid MSEDCL tender for wind and solar combined. The winning bidders came in with bids at Rs 2.62, a paisa lower than RenEw Power’s Rs 2.63 bid. The tariff is less than 10 percent higher than the one discovered […] Read more
Except Two, All Union Territories and Goa Fail to Meet RPO Targets FY21, Shows JERC’s Analysis Updated On Thu, Jul 8th, 2021 by Saurenergy Except Chandigarh and Andaman & Nicobar Islands, all other union territories and Goa have failed to achieve their solar renewable purchase obligation (RPO) targets, shows the Joint Electricity Regulatory Commission (JERC)’s analysis of RPO targets for 2020-21 based on the data received from the regions under its jurisdiction. The full analysis can be accessed here. […] Read more
