EBRD Steps-Up Wind Power Generation In Uzbekistan With $520 million Funding Updated On Wed, Dec 14th, 2022 by Saurenergy The European Bank for Reconstruction and Development (EBRD) has announced a fresh deal to support Uzbekistan’s renewable energy through investment in low-carbon technologies to help align the country’s power-sector development with its commitments under the Paris Agreement. EBRD has said that it has arranged two syndicated loans worth $520 million to help construct and put […] Read more
Textile Major H&M Signs PPA With Neoen & Alight For 90 MWp Solar Park In Sweden Updated On Wed, Dec 14th, 2022 by Saurenergy French Renewable energy player Neoen and solar power specialist Alight have announced the signing of a PPA for 90 MWp of green energy in Sweden with the Swedish fashion retailer H&M Group. Under the long-term PPA, the solar park, located in Hultsfred, Sweden, will provide H&M Group with local renewable energy and guarantees of origin, […] Read more
5 MW Solar Plant in Uttarkashi Is Powered By Gautam Solar Updated On Wed, Dec 14th, 2022 by Saurenergy A 5 MW plant in Uttarkashi in Uttarakhand has delivered stellar generation results for the region. With solar photovoltaic (PV) modules supplied by Gautam Solar Private Limited. Gautam Solar supplied the PV modules to Engineering, procurement and construction (EPC) firm Solid Solar Private Limited for the setting up of the solar PV power plant at […] Read more
Germany Offers EUR 112 Mn Euros to Kenya for Renewables, Hydrogen Updated On Tue, Dec 13th, 2022 by Saurenergy The German government is mulling to provide EUR 112 million or $118 million to Kenya to help the East African nation develop its renewable energy sector further and achieve 100% renewable energy faster. The funds being offered will also help Kenya for the manufacturing of green hydrogen. According to reports, the production of green hydrogen […] Read more
Mahindra CIE Automotive Takes 27% Stake in Captive Power Developer Strongsun Solar Updated On Tue, Dec 13th, 2022 by Saurenergy Automotive component maker and supplier Mahindra CIE Automotive has said that it has invested Rs 2.42 crore in Strongsun Solar. Mahindra has made the investment through a subscription of 3,03,250 equity shares of Rs 10 each of Strongsun Solar which will constitute 27.35% of the post-issue paid-up capital of the renewable energy company. Strongsun Solar […] Read more
Electrical Engineer (IN) RWE Renewables Offshore Updated On Tue, Dec 13th, 2022 by Saurenergy The Engineer will sit in the Electrical System & Project Engineering Region 1 Team, part of the RWE Renewables’ Offshore Wind Engineering function. The Engineer will support the Project’s Consenting/Engineering and Package Managers with responsibilities including: Working initially in the pre-consenting phase, the Engineer will be responsible for ensuring a robust through life design of […] Read more
MSEDCL Discovers Price of Rs 9.0/kWh in 250 MW Solar with Storage Tender Updated On Tue, Dec 13th, 2022 by Saurenergy The 250 MW solar project power purchase auction for the Maharashtra State Electricity Distribution Company (MSEDCL) has concluded Ayana Renewables Power Private Limited (ARPPL) and NTPC Renewable Energy as the winners. MSEDCL’s decided opening tariff was 9.65/kWh, while the awarded capacity tariff was 9.0/kWh. Ayana Renewables Power Private Ltd (ARPPL) and NTPC Renewable Energy, both […] Read more
Energy Conservation Amendment Bill Passed By RS, Active Carbon Markets A Step Closer Updated On Tue, Dec 13th, 2022 by Saurenergy The Energy Conservation (Amendment) Bill has finally been passed by the Rajya Sabha after introduction by MNRE Minister R K Singh. The Bill that was passed in August 2022 in the Lok Sabha, seeks to amend the Electricity Conservation Act 2001. The new law paves the way for amendments such as issuing carbon saving certificates […] Read more
Costs Related to REC Certificates Hiked 2x to 10X By CERC Updated On Tue, Dec 13th, 2022 by Saurenergy In an order dated Dec 9, the Central Electricity Regulatory Commission has accepted the demand of the National Load Despatch Centre (NLDC), the designated entity for registration and issuance of REC (Renewable Energy Certificates) to increase charges linked to the certificates. NLDC had submitted that it was losing money in the whole process, and consequently, […] Read more
