Akshay Hiranandani Takes Over the Reins of Serentica Renewables as CEO Updated On Wed, Apr 19th, 2023 by Saurenergy A decarbonisation platform that looks to accelerate the energy transition for energy-intensive industries, Serentica Renewables has announced the appointment of Akshay Hiranandani as the Chief Executive Officer. In this role, Hiranandani will work closely with Pratik Agarwal, Director, Serentica Renewables. Commenting on the appointment, Pratik Agarwal, Director, Serentica Renewables, said, “We are elated to have […] Read more
RERC Asks Rajasthan Govt To Appoint RVUNL As Nodal Agency For Renewable Projects Updated On Fri, Apr 14th, 2023 by Saurenergy The Rajasthan Electricity Regulatory Commission (RERC), in a suo-motu order, advised the Rajasthan government to consider declaring the Rajasthan Vidyut Utpadan Nigam (RVUNL) as the nodal agency for the development of renewable energy projects implemented by the RVUNL in the State. RVUNL is developing an 810-megawatt (MW) solar power project at Pugal in the Bikaner […] Read more
Gujarat Sees 600 Percent Jump In Electric Vehicle Registrations In One Year Updated On Fri, Apr 14th, 2023 by Saurenergy The World Resources India (WRI), an international clean energy think tank, claimed that between 2021 and 2022, Gujarat recorded a steep hike in registration of Electric Vehicles (EVs). WRI-India, in its analysis, said that between 2021 and 2022, the state witnessed a 600 percent rise in EV registration. The state government in 2021 came up […] Read more
SunPower Secures $450 Million To Meet High Solar Loan Demand In US Updated On Fri, Apr 14th, 2023 by Saurenergy North American solar power giant SunPower has secured financing commitments of more than $450 million for its residential solar and storage loan program in the US from HASI and from Crédit Agricole CIB. The vehicle will acquire loans made to SunPower customers and is non-recourse to SunPower. Through this transaction, SunPower Financial will continue to […] Read more
India Closes FY23 With 12.8 GW Of Solar Additions Updated On Thu, Apr 13th, 2023 by Saurenergy The March numbers for India’s power sector are finally out, and for solar especially, the slowdown seen since September has ensured that total capacity added during the year is less than Fy22. At 12.8 GW, that has to go as a major disappointment for the sector, considering the lack of the kind of uncontrollable disruptions […] Read more
Lightsource bp Closes Financing On 250 MW US Solar Project Updated On Wed, Apr 12th, 2023 by Saurenergy Lightsource bp has closed on a $327 million financing package and mobilized construction on the 313 MWdc (250 MWac) Driver Solar project located in Mississippi County, Arkansas. Lightsource bp completed development, permitted and financed the project and will construct the facility under a build-transfer agreement with Entergy Arkansas announced last year. Lightsource bp said in […] Read more
Masdar Invests In 128 MW Solar Project Of EDF Renewables North America Updated On Wed, Apr 12th, 2023 by Saurenergy UAE renewables major Masdar has acquired 50% stake in a combined solar and battery storage project from EDF Renewables North America. The Big Beau project, located in California, comprises a 128-MW solar PV plant and a 160 MWh BESS. It is one of eight projects that Masdar and EDF Renewables have agreed to jointly partner […] Read more
Backed by Favourable Policies, US Welcomes Largest Community Solar Project Updated On Wed, Apr 12th, 2023 by Saurenergy The idea of solar in the USA is gathering momentum. The credit primarily goes to the Inflation Reduction Act, which has been insturmental in giving a fresh impetus to clean energy in the country. The landmark Act paves the path for provisions for tax credits for solar projects. Community Solar is also gaining traction rapidly […] Read more
ADB, Tata Power Delhi Distribution Collaborate for Grid & BESS Enhancement in Delhi Updated On Mon, Apr 10th, 2023 by Saurenergy The Asian Development Bank (ADB) and Tata Power Delhi Distribution Limited (TPDDL), the distribution arm of Tata Power, have announced that they have signed an agreement to subscribe to non-convertible debentures for Rs 1.5 billion ($18.2 million) to enhance Delhi’s power distribution through grid enhancements. The agreement also involves a $2 million grant to partially […] Read more
