Greenko raises $750 M from bond sale to create energy storage facility Updated On Fri, Apr 1st, 2022 by Saurenergy Greenko Wind has raised USD 750 million from a global bond issue for creating an energy storage facility in Andhra Pradesh, company officials said on Thursday. The company secured pricing of 5.50 per cent for its USD 750 million green bond issuance after starting the roadshows on Wednesday, bankers said. The bonds, raised by Greenko […] Read more
Discom Debt Rises to Over Rs 109,000 crore in March: Power Ministry Updated On Thu, Mar 31st, 2022 by Saurenergy The PRAAPTI portal of the Ministry of Power has revealed the debt of the power distribution companies is rising fast. Overall Discom debt levels, far from dropping, continues to rise. PRAAPTI stands for Payment Ratification and analysis in power procurement for bringing transparency in invoicing of generators. The data reveals that at the end of […] Read more
Arcelor Mittal, Greenko In $600 million deal for 975 MW RTC power Updated On Wed, Mar 23rd, 2022 by Saurenergy In one of the largest corporate deals to mitigate carbon emissions in India, metals major ArcelorMittal has announced it will invest $600 million (Over Rs 4500 crores) to develop, in partnership with Hyderabad based Greenko Group, a 975-MW ‘round the clock’ renewable energy project in Andhra Pradesh. ArcelorMittal had declared plans to foray into green […] Read more
India’s leading Industrialised states continue to lead the solar push also Updated On Mon, Mar 21st, 2022 by Saurenergy The Indian renewables sector made many a strong effort towards advancement last year, with PM Narendra Modi committing to a new target of achieving net-zero carbon emissions by 2070. the nation continued to add green power capacity, and the country’s two richest business tycoons laid out plans to invest thousands of crores in the sector. […] Read more
TOP FIVE SOLAR PARKS IN INDIA Updated On Thu, Mar 17th, 2022 by Saurenergy TOP FIVE SOLAR PARKS IN INDIA Name of the Park Location Planned Capacity Operational Commissioned Capacity Developer(s) Highlight Bhadla Solar Park Rajasthan 2245 MW 2245 MW • SB Energy SoftBank In December • Hero Future Energies 2020, the park • NTPC witnessed the • ACME Solar then lowest bid • Azure Power for solar power […] Read more
AP Biomass Energy Generators Hopes For Relief Rise After APTEL Order Updated On Tue, Mar 15th, 2022 by Saurenergy The Appellate Tribunal for Electricity (APTEL) has recently given its verdict with regards to four appeals against the Tariff Orders passed by the Andhra Pradesh Electricity Regulatory Commission (APERC) in May and July 2014. The appeals made by Biomass Energy Developers Association &Ors and South Indian Sugar Mills Association &Ors, which were all filed against […] Read more
Tobacco Major VST Industries Adds 1 MW Solar to HO Updated On Tue, Mar 15th, 2022 by Saurenergy As part of VST Industries commitment to sustainability, the Company has commissioned a solar plants totaling 1 MW for its manufacturing units. These plants will provide about 25 percent of the Company’s energy needs. This will result in cancelling out a total of 1310 MT of carbon dioxide emissions. Energy generated from these plants will […] Read more
Tirupati Temple, NTPC to sign MoU for solar projects Updated On Thu, Mar 3rd, 2022 by Saurenergy The world renowned Tirumala Tirupati Devasthanams (TTD) or ‘Tirupati Temple’ situated in Andhra Pradesh will sign a Memorandum of Understanding (MoU) with NTPC Vidyut Vyapar Nigam Limited (NVVN) to commission solar photovoltaic power projects. These projects are going to come up at Tirumala and Tirupati. The temple administration will purchase solar energy generated from these […] Read more
Omega Seiki Mobility, ElectroRide to Set Up 500 Dealer network in 2 Years Updated On Mon, Feb 28th, 2022 by Saurenergy Indian electric vehicle (EV) manufacturer Omega Seiki Mobility (OSM) has partnered with ElectroRide to come up with more than 500 dealerships across India. The network will be created by the end of financial year 2024. ElectroRide is an arm of Goenka Green Private Limited and OSM belongs to the Anglian Group Company. Omega Seiki Mobility […] Read more
