ADB Approves $148.5mn To Boost RE, Power Distribution In Sikkim Updated On Fri, May 17th, 2024 by Saurenergy The Asian Development Bank (ADB) has approved a $148.5 million loan to help strengthen, modernize, and climate-proof distribution systems to enhance the reliability, quality, and resilience of electricity supply in Sikkim, India. The scope of work also includes boosting renewable energy systems. Philippines-headquartered ADB will help develop a financial sustainability strategy and a plan to […] Read more
SaurEnergy Explains: A Guide to Green Power Trading Updated On Fri, May 17th, 2024 by Saurenergy The world has witnessed exponential growth in the renewable energy sector, particularly over the last decade, as the importance of renewable energy has become common knowledge. According to one IRENA report, 2023 set a new record in renewables deployment in the power sector by reaching a total capacity of 3,870 Gigawatts (GW) globally. Furthermore, renewables […] Read more
Enfinity Global Finances 1.2 GW Solar, Wind Power Plants In India Updated On Thu, May 16th, 2024 by Saurenergy US-based Enfinity Global Inc., today announced that it has signed $135 million in financing for the development and construction of 1.2 GW of solar and wind projects in India. The financing is being provided by the Canada Pension Plan Investment Board (CPP Investments) through subsidiaries of CPPIB Credit Investments Inc. The projects in this portfolio, […] Read more
India’s Annual RE Capacity To Remain At 15-18GW Over FY25-FY26: Report Updated On Thu, May 16th, 2024 by Saurenergy India Ratings and Research (Ind-Ra) expects the annual renewable capacity addition to maintain pace and remain at 15-18GW over FY25-FY26, owing to a significant reduction in equipment prices, continued policy support, availability of liquidity and investment plans of some of the large corporate players in the renewable sector for growth. However, the execution timelines of […] Read more
IEX Year End Review: DAM Prices Witness A Decline In FY24 Updated On Thu, May 16th, 2024 by Saurenergy Indian Energy Exchange (IEX) in its audited financial results for the fourth quarter & year ended March 31, 2024, found a total volume in FY24 to reach 110.1 BU which is a 13.7% YoY increase. In the audited standalone IEX financial results for the fourth quarter and financial year ending March 31, 2024, the company reported an increase in its revenue in FY’24 at Rs.550.8 […] Read more
Bhilai Steel Plant To Setup Solar Plant In Its Township Updated On Thu, May 16th, 2024 by Saurenergy The Steel Authority of India (SAIL) flagship plant, Bhilai Steel Plant (BSP), plans to increase its green energy efforts by putting in solar power systems throughout its township and grounds. To carry out solar power generation projects, BSP and the Chhattisgarh State Renewable Energy Development Agency (CREDA) have inked a memorandum of agreement. With the […] Read more
Adani Energy Acquires Essar’s Mahan-Sipat Transmission Assets Updated On Thu, May 16th, 2024 by Saurenergy Gujarat-based Adani Energy Solutions Ltd (AESL), through its wholly-owned subsidiary Adani Transmission Step-Two Limited (ATSTL), acquired a 100% stake in Essar Transco Limited. The private transmission and distribution company has a growing smart metering portfolio. After obtaining requisite regulatory and other approvals the enterprise is valued at Rs.1,900 crores. The share acquisition is pursuant to […] Read more
Hitachi Energy Inks 3.5 GW Wind Power Transmission Deal In US Updated On Wed, May 15th, 2024 by Saurenergy Hitachi Energy announced that it has signed a multi-year agreement with Pattern Energy to support its high-voltage direct current (HVDC) technologies for the SunZia Transmission Project. The link will connect the 3,515-megawatt (MW) SunZia Wind project in New Mexico to Arizona and Western states, which will be one of the world’s largest transmission links delivering […] Read more
GIB Row: CERC Grants Compensation To PFC In Case Involving Adani Green Updated On Wed, May 15th, 2024 by Saurenergy The Central Electricity Regulatory Commission (CERC) in its latest judgement allowed compensation to Fatehgarh Bhadla Transmission Limited (FBTL) due its increased project cost due to the Great Indian Bustard (GIB) row. FBTL is a Special Purpose Vehicle (SPV) of the PFC Consulting Limited. It was created to develop a transmission system for ultra mega solar […] Read more
