State NBFCs – PFC & REC Reduce Lending Rates by up to 2 Percentage Points Updated On Thu, Apr 1st, 2021 by Saurenergy State-owned non-banking financial corporations Power Finance Corporation (PFC) and REC will reduce lending rates by up to two percentage points from April 1, 2021. “PFC and REC as group companies have been aligning operations to realise synergies. As part of such effort, PFC and REC have now decided together to reduce lending rates up to two percentage points,” PFC said in a statement. […] Read more
SolRiver Capital Acquires 45 MW Solar Portfolio in Carolinas From Birdseye Renewable Energy Updated On Wed, Mar 31st, 2021 by Saurenergy SolRiver Capital LLC, a national solar investment fund, has announced the acquisition of a 45 megawatt solar portfolio located throughout the Carolinas from Birdseye Renewable Energy (“Birdseye“), a leading developer of solar energy projects in the Southeastern United States. This is the second acquisition between SolRiver and Birdseye. The first project, located in North Carolina, was successfully […] Read more
Maharashtra Seamless Goes Green With 21 MW Solar Plant from Waaree Updated On Fri, Mar 26th, 2021 by Saurenergy Waaree Energies, India’s largest solar module manufacturer and a leader in the EPC segment, has announced the commissioning of 21 MWp ground-mounted solar project in Solapur, Maharashtra. The open access project was executed for Maharashtra Seamless Ltd for captive consumption. This plant is developed to help MSL achieve its endeavor to go carbon neutral. Developed […] Read more
Bharti Airtel Increases Stake in Avaada SPV for Captive Solar Project Updated On Thu, Mar 25th, 2021 by Saurenergy Bharti Airtel has now acquired an additional 3.33% equity in the Avaada SPV – Avaada MHBuldhana for a reported Rs 2.914 crore. Bharti Airtel has announced that in furtherance to its acquisition of 5.2 percent equity shares in Avaada MHBuldhana Private Limited – a Special Purpose Vehicle (SPV) of the Avaada Group formed for the […] Read more
Loans Worth Rs 1.35 Lakh Cr Sanctioned, Rs 46,321 Cr Released to Discoms: RK Singh Updated On Wed, Mar 24th, 2021 by Saurenergy RK Singh has said that so far, loans worth Rs 1.35 lakh cr have been sanctioned and Rs 46,321 cr has been released to Discoms Union Minister for Power and New & Renewable Energy RK Singh has said that so far, loans of Rs 1.35,497 crore (Rs 1.35 lakh crore) have been sanctioned and that […] Read more
Waaree Supplies 2.47 MW Solar Modules to Vibgyor Energy Updated On Fri, Mar 12th, 2021 by Saurenergy Waaree Energies, India’s largest solar module manufacturer with an installed capacity of 2 GW, has announced supplying 330wp & 335wp Solar modules for a 2.47 MW project Developed by the Sunil Gadhoke led Vibgyor Energy, of Sunbeam Real Ventures Pvt Ltd. The solar project of Vibgyor Energy is located at Hardoi, Uttar Pradesh and Waaree […] Read more
Renewables Can Lower Energy Costs and Boost Energy Security in Antigua and Barbuda Updated On Thu, Mar 11th, 2021 by Saurenergy IRENA report shows renewable generation, green hydrogen and EVs are the most cost-effective energy strategy for the Caribbean island Antigua and Barbuda can significantly reduce its dependence on imported fossil fuels while driving down electricity costs for citizens, by meeting its energy needs exclusively through indigenous renewable energy resources, green hydrogen and full electric vehicle […] Read more
Inox Wind Bags Wind Project Orders Worth 92 MW From Integrum Energy Updated On Tue, Mar 9th, 2021 by Saurenergy Inox Wind has signed a binding agreement with Integrum Energy to supply, erect and commission 92 MW of wind power projects. Inox Wind, a leading domestic wind energy solutions provider, has announced that it has signed a binding agreement with Integrum Energy Infrastructure Private Limited to supply, erect and commission 92 MW of wind power […] Read more
Discoms’ Dues at Rs 1.36 Lakh Crore in December, Down From Nov Updated On Mon, Mar 1st, 2021 by Saurenergy Discoms total dues owed to Gencos rose by nearly 24% YoY to reach Rs 1.36 lakh crore in December 2020, however, the amount reduced from November. Power Distribution Companies (Discoms) total dues owed to power producers i.e. generation companies (Gencos) rose by nearly 24 percent year-on-year (YoY) to reach Rs 136966 crore (Rs 1.36 lakh […] Read more
