Employment in Renewables Rose to 13.7 Mn in 2022, Solar Largest Employer: ILO Updated On Fri, Sep 29th, 2023 by Saurenergy The ILO, in a joint initiative with the the International Renewable Energy Agency (IRENA) has released the tenth edition of Renewable Energy and Jobs: Annual Review 2023. The report explores the connection between renewable energy which is attracting increasing investment, and leading to job creation among countries. Surge in Employment in Renewable Energy The report […] Read more
Blending Finance Is Key to India’s Net Zero Pathway: IFC Report Updated On Wed, Sep 27th, 2023 by Saurenergy A latest report by the International Financial Corporation (IFC) on Blended finance describes finance as a key element in supporting India’s energy transition. The report said that the blended finance can drive more private capital to high-impact climate projects, says an IFC report. The report, Blended Finance for Climate Investments in India, highlights blended concessional […] Read more
Rajasthan Sees Fossil Contribution Shrink For 4 Consecutive Months Updated On Mon, Sep 18th, 2023 by Saurenergy New data from global energy think tank Ember reveals that the share of fossil fuels in Rajasthan’s power generation mix has hit record-low levels at 50 percent from April to July this year. It is the first time that the lowest level was sustained for over a quarter of the year. Fossil fuels generated 34 […] Read more
REC Limited Funding Push Continues With Deals For Serentica, GreenKo Updated On Mon, Sep 18th, 2023 by Saurenergy REC Limited, a Maharatna PSE and the subsidiary firm of Power Finance Corporation is among the key govt.owned NBFCs mandated for enabling national goals. The firm has been very active of late. REC had hosted the Green Finance Summit in July 2023 on the side lines of G20, where one-on-one discussions with RE developers were […] Read more
Tata Power Gets DFC Backed USD 425 million For Cell and Module Plant in Tamil Nadu Updated On Mon, Sep 11th, 2023 by Saurenergy The U.S. International Development Finance Corporation’s (DFC) Board of Directors has approved the provision of up to USD 425 million in financing in TP Solar Limited, a subsidiary of Tata Power Renewable Energy Limited (TPREL), for its upcoming greenfield 4.3 GW solar cell and module manufacturing plant at Tirunelveli district in Tamil Nadu, India. DFC […] Read more
Cabinet Approves Rs 3,760cr For VGF Scheme On Battery Storage Updated On Wed, Sep 6th, 2023 by Saurenergy Union Minister Anurag Thakur said that the Union Cabinet today approved a special scheme of Viability Gap Funding (VGF) for the battery energy storage system manufacturers in India. After the Cabinet meeting, he briefed the media on the issue today in New Delhi. Prime Minister Narendra Modi chaired the meeting. The announcement came days before […] Read more
India On A Right Track Towards Net-Zero But Need Finances: Report Updated On Wed, Sep 6th, 2023 by Saurenergy A new report by Brusels-based think tank Strategic Perspectives compared the performance of five major economies- US, China, EU, India and Japan on zero carbon technologies. The report compared the performance of these five major economies on manufacturing, deployment and investment in key decarbonization technologies like renewable energy, and electric vehicles (EVs), as well as the […] Read more
Govt Releases New Bidding Norms For Solar Projects Updated On Thu, Aug 3rd, 2023 by Saurenergy The Ministry of Power has released new guidelines for bidding of grid-connected solar projects in the country. This comes days after the ministry released a similar document on the bidding format for medium and large wind projects. The new bidding document aims to bring uniformity in solar bids, clearly defining timeline of the projects, Power […] Read more
Govt Launches Resource Efficiency Circular Economy Industry Coalition Updated On Fri, Jul 28th, 2023 by Saurenergy A Resource Efficiency Circular Economy Industry Coalition (RECEIC) was recently launched on the sidelines of the 4th G20 Environment and Climate Sustainability Working Group (ECSWG). At a meeting held in Chennai on July 27, Union Minister Bhupender Yadav stated that the RECEIC would act as an overarching platform. It would enable industries to address information, […] Read more
