With Green Bonds in Budget’22, RE Financing Grows in India: IEEFA Updated On Thu, Feb 3rd, 2022 by Saurenergy As India’s renewable energy sector growth continues to outpace all other global economies, the Budget announcement on issuing green bonds – which are among the most widely used instruments for funding green infrastructure – will massively support this trajectory, finds a new report out by the Institute for Energy Economics and Financial Analysis (IEEFA). The union […] Read more
Himachal Pradesh to Add 10GW RE Capacity by 2030: New Energy Policy Updated On Mon, Jan 17th, 2022 by Saurenergy With the approval of new energy policy by state cabinet on Friday, Himachal Pradesh has set the target of producing 10,000 MW additional green energy. Various provisions have also been made in the new energy policy to achieve the target of harnessing and commissioning 10,000 MW of hydro energy by 2030 to have an operational […] Read more
MNRE Widens ALMM Ambit To Cover Open Access, PM KUSUM. Domestic Manufacturers To Benefit Updated On Fri, Jan 14th, 2022 by Saurenergy In an office memorandum dated January 13, the Ministry of New and Renewable Energy (MNRE) has delivered on a promise made by Power and MNRE Minister R.K. Singh earlier to cover all govt. assisted projects under the ALMM scheme. The minister had contended that they have been advised that even projects availing of benefits like […] Read more
Azure’s $250 Million Rights Offer Open, To Close On Jan 24 Updated On Mon, Jan 10th, 2022 by Saurenergy NYSE listed Azure Power Global Ltd (NYSE:AZRE) rights issue has opened on January 7, with a target to rise upto $ 249.9 million. Pursuant to the rights offering, each shareholder will get one non-transferable subscription right for every equity share held on the record date of January 6, 2022. Each right will entitle the holder […] Read more
French Infra Major VINCI Completes Buy of Spanish Energy Firm Cobra IS Updated On Wed, Jan 5th, 2022 by Saurenergy French concessions and construction company VINCI has completed the acquisition of Spanish construction major ACS’s energy business, Cobra IS, following an agreement signed between the two companies in April last year. The move also adds a fresh, stronger player in the EPC end of the global renewables sector in the form of the stronger entity […] Read more
Bosch India gets a 30 MW Solar Project Through AMP Energy Updated On Tue, Jan 4th, 2022 by Saurenergy German MNC Bosch Limited, a leading supplier of technology and services in the areas of Mobility Solutions, Industrial Technology, Consumer Goods, and Energy and Building Technology in India has partnered with leading renewable IPP Amp Energy India for its solar energy requirements. The solar project capacity is 30 MW and would be provided from Amp Energy […] Read more
Octopus Energy, Sterlite Power Sign MOU For Green Power Systems Updated On Tue, Dec 21st, 2021 by Saurenergy UK based 1.2 billion pound sterling energy group Octopus Energy Group, which has over 3 million customers in the UK has entered into an MOU with leading Indian power transmission player Sterlite Power. The agreement aims to help decarbonise Indian industry and bring cheaper green power to consumers around the world. The Memorandum of Understanding […] Read more
Iberdrola, H2 Green Steel Join Global Push for Green H2 Electrolyser Mfg Updated On Fri, Dec 10th, 2021 by Saurenergy Iberdrola and H2 Green Steel have signed an agreement to build and operate a green hydrogen plant with an installed capacity of 1 GW and an estimated investment of 2.3 billion euros, financed through a combination of public funds, green project financing instruments and own funds. The new plant will power with clean fuel a direct […] Read more
Green Products to be Cheaper After EU Changes VAT Rules Updated On Thu, Dec 9th, 2021 by Saurenergy European Union finance ministers agreed on Tuesday to change EU rules so that they can cut the Value Added Tax (VAT) on goods and services linked to fighting climate change, health protection and making the EU more ready for the digital age. At the same time they agreed to phase out by 2030 some of […] Read more
