H1: IREDA Loan Sanctions Rise 303%, Disbursements Grows 56% Updated On Tue, Oct 1st, 2024 by Saurenergy Indian Renewable Energy Development Agency Limited (IREDA),has reported a 303% growth in loan sanctions, rising to Rs. 17,860 crore in the first half of FY 2024-25, compared to Rs. 4,437 crore during the same period in FY 2023-24. These are provisional figures as of September 30, 2024. IREDA’s loan disbursements also showed significant growth, increasing […] Read more
Vikram Solar Joins IPO Line, Files DRHP Updated On Tue, Oct 1st, 2024 by Saurenergy Kolkata-based Vikram Solar Limited, a leading, and one of the earliest solar photo-voltaic module manufacturers at scale in India, has filed its draft red herring prospectus (DRHP) with SEBI to raise funds through an initial public offering (IPO). With over 15 years of industry experience as of 31 March 2024, Gyanesh Chaudhary led Vikram Solar […] Read more
Nextracker Opens Centre for Solar Excellence In Hyderabad Updated On Tue, Oct 1st, 2024 by Saurenergy Nextracker, a leading global provider of intelligent solar trackers, foundations, and software solutions, has inaugurated its third, and India’s first Center for Solar Excellence (CFSE) in Hyderabad, India. Spanning across 13 acres this state-of-the-art facility will serve to advance solar tracker technology. The CFSE will feature a 30,000 square foot, state-of-the-art lab, a comprehensive solar tracker […] Read more
Odisha Clears Rs.4,671 Cr Investment For 749.9 MW Renewable Projects Updated On Tue, Oct 1st, 2024 by Saurenergy Single Window Committee (SWC) of Odisha’s Energy Department granted in-principle approval for renewable energy projects worth Rs.4,671.81 crore. A major decision, the move helps to advance the state toward a green energy future. The approvals were granted in the 7th meeting of SWC. The total capacity of the renewable energy projects approved is 749.9 MW. […] Read more
Vivriti Capital Gets $25 Mn From ADB For Climate Finance Projects Updated On Tue, Oct 1st, 2024 by Saurenergy The Asian Development Bank (ADB) recently shared its plans to invest $25 million in a certified climate bond issue by Vivriti Capital Limited (VCL). This bond is being certified by the Climate Bonds Initiative to enhance access to climate finance for financially underserved enterprises, including micro, small, and medium-sized enterprises (MSMEs), mid-market corporates, and retail […] Read more
Rajasthan Investor Summit 2024 Attracts High Renewable Commitments Updated On Tue, Oct 1st, 2024 by Saurenergy At the Rajasthan Investment Summit 2024 in New Delhi, 17 major companies signed MoUs (Memorandums of Understanding) to invest a massive Rs. 8 lakh crore across various sectors, focusing on renewable energy, oil and gas, logistics, and infrastructure. In the energy sector, Tata Power, NHPC, Avaada Group, and Jindal Renewable Power all committed to building […] Read more
India’s Luck With Falling RE Costs Could Run Out, And We Need to Be Prepared Updated On Tue, Oct 1st, 2024 by Saurenergy September saw some very interesting points to ponder over, as far as Renewable costs go. While we are all aware of the falling RE costs, especially in solar that have led to solar beating almost every estimate of capacity addition repeatedly, the situation has been very positive on the storage front as well. Yes, storage […] Read more
Ola’s EV Marketshare Slips Further In Setptember, Bajaj, TVS, Gain Updated On Tue, Oct 1st, 2024 by Saurenergy Ola Electric continues to cede marketshare to legacy stalwarts Bajaj Auto and TVS Motors in the two wheeler EV segment. Based on the figures for September, Ola’s market share shrank to just over 25%, a huge drop from the 47% share in September last year. The losses have been mainly due to the continuous gains […] Read more
MNRE Amends Offshore Wind Lease Rules To Ease Process Updated On Tue, Oct 1st, 2024 by Saurenergy The Ministry of New and Renewable Energy (MNRE) recently announced an draft amendment to the offshore wind energy lease rules, aimed at regulating the leasing of offshore areas for wind energy projects. The government can now grant leases for up to 35 years, with the possibility of extending them on a case-by-case basis, depending on […] Read more
