CERC Proposes New Regulations On Carbon Credit Trading Updated On Thu, Nov 14th, 2024 by Saurenergy The Central Electricity Regulatory Commission (CERC) has proposed new rules for trading carbon credits in India, aiming to create a straightforward and controlled marketplace. These draft regulations, titled “Central Electricity Regulatory Commission (Terms and Conditions for Purchase and Sale of Carbon Credit Certificates) Regulations, 2024,” provide a framework for companies and organizations to buy and […] Read more
Equinix, CleanMax Ink 33 MW Captive Project Deal in Maharashtra Updated On Thu, Nov 14th, 2024 by Saurenergy Equinix, Inc., a digital infrastructure company today signed a Power Purchase Agreement (PPA) with CleanMax, a renewable energy provider in the Commercial and Industrial (C&I) sector and a Brookfield-backed company. Under the agreement, the parties plan to collaborate to build a 33 MW Captive Power Plant in Maharashtra. This partnership intends to provide renewable energy […] Read more
RE Investment Needs Restructuring Favoring Global South: IRENA Updated On Tue, Nov 12th, 2024 by Saurenergy IRENA World Energy Transition Outlook identified that there is a geographic concentration of investments, and calls for structural changes to close the financing gap faced by the countries of the global south. According to the report’s findings, among the advanced economies of 38 countries, which make up 14% of the world’s population and represent 40% […] Read more
NDCs 3.0 A Key For Global Goal To Triple RE By 2030: IRENA Updated On Mon, Nov 11th, 2024 by Saurenergy Even if all COP announcements to date were to be fully implemented, a significant CO2 emission gap would still need to be closed by 2050, according to the World Energy Transitions Outlook 2024 of IRENA. Released at the opening of the UN Climate Conference COP29 in Baku, Azerbaijan, the Agency’s 1.5°C Scenario outlines a net-zero […] Read more
CESL Issues Tender To Bring 1,800 Cargo E-Cycles In Four States Updated On Fri, Nov 8th, 2024 by Saurenergy To scale up the demand for energy efficiency projects in India, Convergence Energy Services Limited (CESL), an Energy Efficiency Services Limited (EESL) subsidiary released a tender to promote micro-mobility solutions in Bihar, Kerala, and Madhya Pradesh. CESL’s latest tender uses part of the financing received by the Indian government from the Asian Development Bank (ADB). […] Read more
RE Push Can Lead To 24% Dip In Coal Power Generation By 2030: CEEW Study Updated On Fri, Nov 8th, 2024 by Saurenergy India’s current climate policies are already helping bend its long-term emissions curve and are projected to reduce CO2 emissions by almost 4 billion tones between 2020 and 2030, a latest report from the Council on Energy, Environment and Water (CEEW) said. This reduction is equivalent to nearly 1.6 times the European Union’s CO2 emissions in […] Read more
IFC Invests $400Mn To Support Bajaj Finance Climate Fundraising Updated On Thu, Nov 7th, 2024 by Saurenergy The International Finance Corporation (IFC), the World Bank’s private sector focused entity that offers investment, advisory, and asset-management services recently partnered with NBFC Bajaj Finance Limited (BFL) to invest $400 million. This is part of a $1 billion fundraising initiative by BFL. BFL raised IFC’s $400 million loan to expand financing options for customers buying […] Read more
More Actions Needed To Achieve Net-Zero Targets: Wood Mackenzie Updated On Wed, Oct 30th, 2024 by Saurenergy A string of global shocks has likely put 2030 emissions reduction targets out of reach. But with decisive action, there is still time to reach net zero emissions by 2050, according to Wood Mackenzie’s Energy Transition Outlook report, an assessment of the global journey towards a lower-carbon future. The new report analyses four different pathways […] Read more
EESL Opens Bids For 1 GW of DCR-Compliant Solar Modules Updated On Wed, Oct 23rd, 2024 by Saurenergy Energy Efficiency Services Limited (EESL) , an energy saving company, in its latest tender sought bids for 1 GW solar module from bidders which have a rate contract for supply of ~1,000 MWp domestic content requirement (DCR) compliant crystalline 540 Wp and above Solar PV Modules across India. This is a rate contract for 6 […] Read more
