Fiscal Year 2024: World Bank Provides $42.6 Bn Climate Finance Updated On Fri, Sep 20th, 2024 by Saurenergy The World Bank Group delivered a record $42.6 billion in climate finance in fiscal year 2024—from July 1, 2023, to June 30, 2024, according to its ‘Climate Finance Fiscal Year 2024 Snapshot’. This is a 10% increase in climate finance compared to the previous year. At COP28, the World Bank Group committed to increasing its […] Read more
Powergrid Wins Bid To Boost ISTS RE Transmission Lines Updated On Thu, Sep 19th, 2024 by Saurenergy In a further boost to the expansion of Inter-State Transmission System (ISTS) renewable transmission lines, Powergrid has bagged a project to augment transmission lines in Rajasthan. The Central Public Sector Enterprise shared the development in its latest filing before BSE. The public sector enterprise was declared a successful bidder for the same under a Tariff-based […] Read more
RE Project Delays Can Halt Global 2030 Targets: IEA Updated On Wed, Sep 18th, 2024 by Saurenergy Globally, the recent shift in solar PV and wind demand highlights the urgent need for timely integration of these technologies. Such integration is crucial for achieving global decarbonization goals and can significantly contribute to meeting growing electricity demands by 2030. The International Energy Agency (IEA), in its recent report titled “Integrating Solar and Wind: Global […] Read more
Jakson Green Signs MoU With REC For Solar IPP Projects Updated On Tue, Sep 17th, 2024 by Saurenergy Renewable energy project developer Jakson Green today announced taking another step towards accelerating India’s clean energy transition with the signing of a ₹1,420 Crore Memorandum of Understanding (MoU) with REC Limited for our solar IPP projects. “This investment will significantly boost renewable energy capacity, directly reducing reliance on fossil fuels and cutting carbon emissions. Beyond […] Read more
RMC Switchgears Secures 41 MW Solar PV Project In Maharashtra Updated On Tue, Sep 17th, 2024 by Saurenergy RMC Switchgears today received an order to develop a 41 MW (AC) solar photovoltaic power project in Maharashtra. RMC Switchgears received a contract from the Maharashtra State Electricity Distribution Company Limited (MSEDCL) for the solar photovoltaic power project in the RESCO model. The project will be executed under the Mukhyamantri Saur Krushi Vahini Yojana 2.0, […] Read more
COP29 Presidency Proposes 1,500 GW Energy Storage Target By 2030 Updated On Tue, Sep 17th, 2024 by Saurenergy The Conference of Parties (COP29) Presidency today announced its Initiatives as part of its “Action Agenda” to give an impetus to climate action and to supplement the formal negotiated COP agenda. In a letter addressed to all Parties and non-party stakeholders, COP29 President-Designate Mukhtar Babayev outlined the details of the package and how global stakeholders […] Read more
AMPIN Energy, Sumitomo Collaborate To Boost RE In India Updated On Fri, Sep 13th, 2024 by Saurenergy Sumitomo Corporation has established AMPIN C&I Power Private Limited, in cooperation with AMPIN Energy Transition Private Limited. The joint venture (JV) will be owned 51% by AMPIN and 49% by Sumitomo. The allocated funds will be used for the development, construction, and operation of State Transmission Utility (STU) connected projects providing renewable energy to Commercial […] Read more
REI 2024 To Be Bigger Than Ever With a Strong Domestic Presence: Julian Thomas Updated On Mon, Sep 9th, 2024 by Saurenergy Can you provide an overview of what attendees can expect at REI Expo 2024 and how it differs from previous editions? The REI Expo aligns with national and international renewable energy goals, supporting government initiatives aimed at increasing the share of renewables in the energy mix and achieving sustainability targets. The Expo brings together stakeholders […] Read more
Reliance To Boost Solar Manufacturing, AI-Led Green Data Centers Updated On Fri, Aug 30th, 2024 by Saurenergy At Reliance Industries’ 47th Annual General Meeting (AGM) in 2024, Mukesh Ambani and his team outlined the company’s ambitious plans for the future, which included the focus on green and renewable energy and the sustainable growth sector. This article outlines the highlights from the speech and Reliance’s plans toward sustainable development. Commitment to Green Energy […] Read more
