Indian Oil, NTPC Form JV For 650 MW RE Updated On Tue, Jul 19th, 2022 by Saurenergy India’s largest power producer state owned NTPC and Indian Oil Corporation Limited have formally inked a joint venture company recently, mandating the former to produce round-the-clock 650 MW renewable energy required by the upcoming projects of the refineries in Indian Oil. Released by the companies, a statement reads that the JV was necessitated by a […] Read more
UAE To Invest in 300 MW Hybrid Project as Part of $2 Billion Investment in India Updated On Tue, Jul 19th, 2022 by Saurenergy Under the framework of the four-nation grouping ‘I2U2′ (India, Israel, USA and UAE), the United Arab Emirates will make an investment worth $2 billion to establish a series of integrated food parks across India. This decision was announced in the first virtual summit held under the leaders of the grouping — Indian Prime Minister Narendra […] Read more
REMC Ltd Has Floated 1.55 GW Solar Project Tender For Many Railway Stations Across India Updated On Mon, Jul 18th, 2022 by Saurenergy A joint venture between the Indian Railways and Rail India Technical and Economic Service (RITES), REMC Ltd. has announced a tender for a land-based solar PV power plant on farmers’ or private land close to the traction substation (TSS) at a 25 kV connection (TSS-II). The total capacity of these tenders is 1.548 GW (almost […] Read more
India’s RE May Fall Short Of 2030 Target By 104 GW: GlobalData Updated On Mon, Jul 18th, 2022 by Saurenergy A new report has predicted that current growth trend of renewable energy production may pull India 104 GW short of the 2030 renewables target. 2030 RE target requires India, according to GlobalData, to add more than 38 GW of renewable capacity every year from 2022 to 2030. Ironically, Central Electricity Authority has predicted that India […] Read more
Can Green Ammonia Solve India’s Subsidies Woes? Updated On Fri, Jul 15th, 2022 by Saurenergy Ammonia is one of the two future fuels, the other being Hydrogen, envisaged to replace fossil fuels. On production of these fuels by using power from renewable energy, they are termed as green hydrogen and green ammonia. This is one of the major requirements towards environmentally sustainable energy security for India. Ammonia is a chemical […] Read more
Pipeline Infrastructure And DNV Collaborate To Integrate Hydrogen In India Updated On Thu, Jul 14th, 2022 by Saurenergy Norway-based independent energy expert and assurance provider, DNV has announced its collaboration with gas transportation company Pipeline Infrastructure Limited (PIL). Through this partnership, DNV will offer technical guidance and assistance to Pipeline Infrastructure Limited (PIL) regarding the integration of blended H2O into its gas trunkline assets in India, which include transmission pipelines, interconnects, spur lines, […] Read more
Continuum Energy Raises $350 Million For C&I Renewable Market In India Updated On Thu, Jul 14th, 2022 by Saurenergy Singapore-based Continuum Green Energy Ltd, has announced that it has raised $350 million in debt by issuing senior secured floating rate notes to two international institutional investors. The notes have a tenure of 3.5 years and the proceeds will be partly used to refinance debt and finance project construction. The floating rate is linked to […] Read more
Japan Will Include India Into AETI To Help Achieve Green Energy Transition Updated On Wed, Jul 13th, 2022 by Saurenergy While it mourns the assassination of Japan’s former Prime Minister Shinzo Abe last week, Japan is looking to aid India to shift to clean energy by expanding a programme it launched in 2021 for Southeast Asian nations, Industry Minister Koichi Hagiuda said recently. Although India was not initially included in the Japan’s ‘Asia Energy Transition […] Read more
ReNew To Refinance Dollar-Denominated Bonds, First RE Player To Do So In India Updated On Wed, Jul 13th, 2022 by Saurenergy India renewable energy major ReNew Energy Global has announced that it has successfully refinanced its 2024 maturity dollar-denominated bonds with amortizing project debt from an Indian non-bank financial company. ReNew claims to have become the first Indian renewable energy company to have done this. The official statement of ReNew held that issued bonds worth $ […] Read more
