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REC, German Dev Bank to Finance India’s Power Sector and RE Projects

REC Limited has entered into an agreement with KfW Development Bank for availing the Official development assistance (ODA) loan of USD 169.5 million under the Indo-German Bilateral Partnership in accordance with the approval granted by the Department of Economic Affairs, the Ministry of Finance, the Government of India, an official release said. The proceeds from […]

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African Nation Namibia to Tender 50-130MW CSP Project Next Year

Namibia Power Corporation Ltd (NamPower), the national electric power utility company of the African country Namibia, is planning to issue a tender for a 50MW-130MW concentrated solar power (CSP) with storage project in 2022. The project is expected to require investment of US$600mn-US$1bn, with a target commissioning date set for 2025. The plans were revealed by […]

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US BLM Offers 90000 Acres For Solar Development

Solar energy is getting a boost in the US. The country’s Bureau of Land Management (BLM) has launched its largest solicitation for solar development to date, seeking interest for utility scale solar energy development on nearly 90,000 acres of public land across Colorado, Nevada and New Mexico. Additionally, the US Department of the Interior has […]

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New York Loves Distributed Solar, Targets 10 GW By 2030

New York state, which has embraced the need for change strongly in recent years, has set itself a target of 10 GW of solar from distributed projects for 2030, even as it looks set to achieve its goal of 6 GW by 2025. The original target was 3 GW by 2023. At the moment, over […]

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Danish Fund IFU To Invest $34 Million Into Cleanmax

In yet more funding news, The Danish Investment Fund for Developing Countries (IFU) is investing USD 34 million (Rs 260 cr approx.) in CleanMax, which has an  aggregated capacity of 750+ MW of installed solar and wind-solar hybrid power. Cleanmax, founded in 20211, has been an early mover in the commercial and industrial segment, and […]

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Octopus Energy, Sterlite Power Sign MOU For Green Power Systems

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 […]

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Not Having A Central Net Metering And Subsidy Policy Is A Challenge

Corrit Energy and Infra, a Gurugram, based solar EPC company provides engineering, procurement, and construction services in and around Delhi- NCR is now gearing up for the next phase of growth. In an emailed response to Saur Energy, Corrit’s CEO and Director, Mayur Mishra, sheds further light on the solar energy industry, key requirements and […]

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iCreate Incubated Charge+Zone Signs MOU for 50,000 Charging Stations

iCreate, the Gujarat government backed tech startup incubator has facilitated a partnership between it’s supported start-up CHARGE+ZONE, a technology-driven EV Charging Networks company and the Government of Gujarat, for $300 Million investment, in an endeavour to set up a network of un-manned, app-driven 10,000 charging stations  within the state of Gujarat on national and state […]

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