Biofuels: Empowering the Economy and Conserving the Environment Updated On Mon, Jun 21st, 2021 by Saurenergy Notwithstanding adversities of pandemic India is projected to report close to double digit GDP growth this year based on studies by renowned institutions. Thanks to huge domestic market consumption though exports are likely to remain subdued! The energy requirement of an economy is directly proportional to population and the momentum of development. Electricity and fuel […] Read more
UNOPS S3i, IFU & ACME Co-invest in 250 MW Solar Park in Rajasthan Updated On Fri, Jun 18th, 2021 by Saurenergy An announcement revealed yesterday that Denmark’s state-owned fund IFU and United Nations Office for Project Services’ S3i have acquired 39% and 10% stake respectively in Acme Solar Holdings Ltd’s 250 MW solar project in Rajasthan. Acme Solar, a leading Solar IPP in India, holds the majority 51% stake in the project, which has a total […] Read more
India Extends $100 Million Credit To Sri Lanka For Solar Projects Updated On Thu, Jun 17th, 2021 by Saurenergy In an agreement yesterday, India has extended a USD 100 million Line of Credit (LOC) to Sri Lanka for various solar energy projects. This financial help will aid the Lankan government to boost their solar energy sector by ensuring the country’s 70 percent power requirements are fulfilled by renewable energy sources by 2030. The agreement […] Read more
JSW Steel, CSIR-NCL, Scotland Join ‘India H2 Alliance’ Updated On Thu, Jun 17th, 2021 by Saurenergy The India H2 Alliance has expanded its membership with the inclusion of JSW Steel, which joins the IH2A energy transition coalition as the Steel and Cement Work Group lead, along with two government agencies – CSIR-National Chemicals Laboratory (CSIR-NCL) and Scottish Development International (SDI), the international arm of the Scottish Government; and three national sustainability […] Read more
IFC and Rockefeller Foundation to Co-finance RE Development in Africa Updated On Thu, Jun 17th, 2021 by Saurenergy The International Finance Corporation, the private sector arm of the World Bank Group, and The Rockefeller Foundation (RF) yesterday announced a new partnership to finance renewable energy development in Sub-Saharan Africa and some other regions. The joint venture aims to deploy $150 million of RF’s catalytic capital in blended finance to mobilize up to $2 […] Read more
NTPC Tenders For 4MW Ground-mounted Solar Plus BESS System at NETRA Updated On Tue, Jun 15th, 2021 by Saurenergy As announced in our earlier article, NTPC is looking to further strengthen its footprint in the green and clean fuel sector. The company has issued a tender for the installation of a 4 MW ground-mounted solar project with a 1 MW/1 MWh battery energy storage system (BESS) and induction-based cooking system at its NTPC Energy […] Read more
Vaibhav Global Limited Launches Company-Owned Solar Power Plant Updated On Mon, Jun 14th, 2021 by Saurenergy A multi-national Indian electronic retailer, wholesaler, and fashion jewelry manufacturer, Vaibhav Global Limited (VGL) has announced that it is now a 100 percent solar-powered company by launching its owned and operated solar power plant. Two of the company’s primary manufacturing facilities will be powered by solar-generated electricity. In addition to this, the company will also […] Read more
Amid Renewable Energy’s Expansion, Gas is Losing Traction: IISD Report Updated On Mon, Jun 14th, 2021 by Saurenergy The Step Off the Gas report, published earlier this month by the International Institute for Sustainable Development (IISD), examines international public finance for natural gas expansion in the Global South and the choices countries face in how to develop their energy systems while meeting socio-economic needs. The report assesses economic and environmental risks from gas […] Read more
Potential for 600 ‘Shovel-ready’ Projects in Clean Energy, 1.5 M New Jobs- EY Report Updated On Mon, Jun 14th, 2021 by Saurenergy Multinational professional services network Ernst & Young Global Limited, in collaboration with Federation of Indian Chambers of Commerce & Industry (FICCI), has released a report entitled “Accelerating post-pandemic economic recovery with clean energy infrastructure and jobs in India”, which highlights concrete policy recommendations for balancing economic recovery and climate neutrality goals in the post COVID […] Read more
