IFC Issues Sustainability-Linked Bond Worth $50 Million To Tata Cleantech Capital Updated On Mon, Mar 27th, 2023 by Saurenergy A new funding is set to spur India’s renewable energy capacity and help improve access to climate finance, with International Finance Corporation (IFC) investing INR 3,750 million (about $50 million) in a sustainability-linked bond (SLB) issued by Tata Cleantech Capital. This is the first such instrument issued by a private financial institution in India and […] Read more
Adani Green Energy Q3 Results- Operational Capacity Up 35%, EBITDA 44% Updated On Tue, Feb 7th, 2023 by Saurenergy Embattled Adani group firm, Adani Green Energy Limited has reported its results for the Q3, Fy23. The firm, with a target of 25 GW of renewable assets by 2025, has reported a strong financial Performance, with revenue from power supply increasing by 39% YoY to Rs 3,695 Cr. The firm continued to lead in generation […] Read more
Greenko Bags NTPC’s 3000 MWh Energy Storage Project Tender Updated On Fri, Dec 9th, 2022 by Saurenergy Greenko Energies has emerged as the lowest bidder by a significant margin for NTPC Renewable Energy’s auction to set up interstate transmission system (ISTS)-connected energy storage systems of 3,000 MWh capacity with a minimum of 500 MW capacity to be installed anywhere across India. Greenko won the entire capacity by quoting Rs 27.9 lakh /MWh/year, […] Read more
What Are Climate Bonds? Updated On Wed, Sep 21st, 2022 by Saurenergy According to the United Nations’ Intergovernmental Panel on Climate Change estimates, limiting the global temperature increase to 2 degree Celsius, the goal of the Paris Agreement, will require about $3 trillion of investment every year to 2050. Raising such huge investments is a challenge. To tackle it, governments and corporations are increasingly turning to Climate […] Read more
Avaada Group Signs MoU with Rajasthan Govt for Green Ammonia Plant Updated On Thu, Aug 25th, 2022 by Saurenergy Avaada Group, a Noida-based integrated energy enterprise, signed a Memorandum of Understanding with the Department of Industries and Commerce, Government of Rajasthan, on August 24. Through this collaboration, Avaada Group will set up a green ammonia facility and a renewable energy power plant in Kota, Rajasthan. According to the company, the MoU signed as part of […] Read more
ONGC Signs MoU With Greenko To Make Green Hydrogen And Explore Markets Updated On Wed, Jul 27th, 2022 by Saurenergy Oil and Natural Gas Corporation (ONGC) and renewable energy company Greenko ZeroC have signed a Memorandum of Understanding (MoU) to make green hydrogen, green ammonia and jointly explore new market in renewables, and other derivatives of green hydrogen. The two companies will join hands to come up with a 1-MMTPA green ammonia production and storage […] Read more
Green ammonia from green hydrogen can reduce India’s fertiliser subsidy burden Updated On Thu, Apr 21st, 2022 by Saurenergy A shift to green ammonia would significantly reduce the Indian government’s massive fertiliser subsidy burden and boost energy self-reliance by cutting dependence on imports of expensive liquified natural gas (LNG) for fertiliser manufacturing, according to a new report by the Institute for Energy Economics and Financial Analysis (IEEFA). Of course, green ammonia itself would come […] Read more
Greenko-Cockerill JV to build 2 GW green H2 electrolyser plant in India Updated On Tue, Apr 12th, 2022 by Saurenergy Greenko ZeroC (GZC), a subsidiary of Greenko Group, an Indian clean-tech company, and John Cockerill, a Belgium-based designer and manufacturer of high-capacity alkaline electrolyzers, have agreed to together manufacture green hydrogen electrolyzers in the Indian sub-continent. The two companies will build a hydrogen electrolyser Gigafactory targeting capacity of two gigawatts which is aimed at substituting […] Read more
Virescent Renewable Raises Rs 650 crore Through Domestic Bond Issue Updated On Tue, Feb 8th, 2022 by Saurenergy Virescent Renewable Energy Trust (VRET) and Infrastructure Investment trust (InvIT) has raised a capital of Rs. 650 crore through a domestic bond issue. The issue is meant for two tenors – one is 7.33-year for Rs 150 crore and the other being a 10-year one for Rs 500 crore. Virescent is backed by global investment […] Read more
