Avaada Group Successfully Pockets INR 10,700 Cr as Funding Updated On Thu, Jun 29th, 2023 by Saurenergy Avaada Group, an integrated energy platform, has announced the successful closure of INR 10,700 crore ($1.3 billion) funding round. The firm says this marks a historic moment for the green energy industry in Asia and India’s renewable energy sector as this funding round is the largest equity round ever raised by any green energy company […] Read more
Germany Joins The Solar Manufacturing Push, Calls Bids For 10 GW Capacities Updated On Tue, Jun 27th, 2023 by Saurenergy With the EU pushing to create manufacturing capacities for clean energy technologies, Germany, an erstwhile pioneer in solar manufacturing till China swamped everyone, has joined the effort to bring back solar manufacturing to the continent. The Federal Ministry of Economics and Climate Protection (BMWK) in Germany, analogous to India’s MNRE, has launched a request for […] Read more
Statkraft Secures German Contract for Solar & Battery Storage Updated On Tue, Jun 27th, 2023 by Saurenergy Statkraft, a Norwegian renewable energy provider, has secured a contract from the Federal Network Agency, the German regulatory authority, to construct a solar power plant coupled with battery storage in Zerbst, Germany. This opportunity emerged following the authority’s announcement of tenders in May 2023. The tenders targeted a combined total capacity of 400 MW. Statkraft’s […] Read more
O&M Arm of Gensol Emerges Winner for 5 MW Solar Tender Floated by IOCL Updated On Tue, Jun 27th, 2023 by Saurenergy Ahmedabad-based Param Renewable has emerged winner for the 5 MW tender floated by Indian Oil Corporation Limited. Won under competitive bidding, the contract is valued at INR 1.47 Cr. The firm emerged as the lowest bidder. Param Renewable is the O&M arm of Gensol. The 5 MW plant will be set up in Jodhpur, Rajasthan. […] Read more
SECI Announces NIT for 800 MW RTC Power For Haryana Updated On Mon, Jun 26th, 2023 by Saurenergy SECI (Solar Energy Corporation of India) has revealed its intention for the procurement of RTC power (Round-the-Clock) from renewable energy projects for an aggregate capacity of 800 MW, meant primarily for Haryana discoms. The projects will be set up on “Build Own Operate” (B-O-O) basis. Towards this, SECI shall enter into a Power Purchase Agreement […] Read more
Fichtner Consulting Engineers Wins APDCL Contract for 1 GW Solar Project Updated On Fri, Jun 23rd, 2023 by Saurenergy Fichtner Consulting Engineers has bagged a consultancy contract awarded by APDCL (Assam Power Distribution Company) through competitive bidding. The firm will be responsible for coming up with a detailed project report for a 1 GW grid-connected solar project to be established in Assam in Karbi Anglong area. The Asian Development Bank will provide funding for the […] Read more
NHPC Looks to Select Solar Power Developer for 3 GW ISTS-Connected Solar Projects Updated On Thu, Jun 22nd, 2023 by Saurenergy Hydropower development firm, NHPC (National Hydro Electric Power Corporation) has issued a tender for the selection of Solar Power Developer for setting up of 3000 MW (3 GW) ISTS (Inter State Transmission System) connected solar power projects anywhere in India. After conclusion of the bidding process, NHPC shall enter into Power Purchase Agreement (PPA) with […] Read more
HPX crosses 5 Billion Units Of Trade In 11 Months Post Launch Updated On Thu, Jun 15th, 2023 by Saurenergy India’s third power exchange, Hindustan Power Exchange Ltd. (HPX), has successfully crossed the milestone of 5 Billion Units of power traded within 11 months of its launch. HPX was able to cross this landmark with a rapid increase in trade volume across Contingency and Long Duration Contracts (LDC) segments. The strong growth in members/client base […] Read more
India Will Surpass 100 GW of Solar Installed Capacity By Early 2024: Report Updated On Thu, Jun 15th, 2023 by Saurenergy A study entitled ‘Global Market Outlook For Solar Power 2023-2027’ (With a Focus on South East Asia) has been released. The major findings of the insightful report are as follows- Top Five Countries in Installations The top five countries that added solar installations in 2022: 1. China: 100 GW (Approx) 2. US: 21.9 GW 3. […] Read more
