Delectrik Wins 3 MWh Battery Energy Storage Project From NTPC Updated On Tue, Sep 24th, 2024 by Saurenergy Gurugram-based Delectrik Systems, a flow battery OEM, won a tender from NTPC for its NETRA division (NTPC Energy Technology Research Alliance) to deploy a 3 MWh Vanadium Redox Flow Battery (VRFB) based Battery Energy Storage System (BESS). NETRA is deploying this VRFB as long-duration energy storage (LDES) to augment the storage capacity of its microgrid […] Read more
Waaree Energies Clears SEBI Hurdle, Set For IPO Updated On Tue, Sep 24th, 2024 by Saurenergy Mumbai-based solar PV module manufacturer, Waaree Energies has received the Securities and Exchange Board of India (SEBI) approval for its proposed initial public offering (IPO). The company hopes to raise a fresh issue of equity shares aggregating up to Rs 3,000 crore and an offer for sale of up to 3,200,000 equity shares with a […] Read more
Sunsure Energy’s Contrarian Approach Pays Off Updated On Tue, Sep 24th, 2024 by Saurenergy Gurugram-based Sunsure Energy has made a virtue of what to many will appear to be a contrarian approach to business as a solar EPC and now, a developer (IPP). Founded in 2014 by Shashank Sharma (CEO), Sunsure Energy has 500 MW of assets under operation, 2.5 GW of renewable energy capacity under construction, and a […] Read more
US-India Launch $1 Bn Initiative To Build Clean Supply Chains Updated On Mon, Sep 23rd, 2024 by Saurenergy The United States (US) and India elevate and expand bilateral technical, financial, and policy support to enhance the complementary manufacturing capacity of clean energy technologies and components. This policy also lays the groundwork for enhanced cooperation and partnerships in Africa. The Strategic Clean Energy Partnership, led by the US Department of Energy and Indian government […] Read more
ICRA Sees FDRE, RTC Projects As Key Drivers Of India’s RE Growth Updated On Mon, Sep 23rd, 2024 by Saurenergy A recent report by the Investment Information and Credit Rating Agency (ICRA) foresees a rise in renewable energy capacity in the next six years in India. It is estimated that the share of renewable energy (RE), plus large hydro, in all-India electricity generation, will increase to over 35% in FY2030 from 21% in FY2024. ICRA […] Read more
Fiscal Year 2024: World Bank Provides $42.6 Bn Climate Finance Updated On Fri, Sep 20th, 2024 by Saurenergy The World Bank Group delivered a record $42.6 billion in climate finance in fiscal year 2024—from July 1, 2023, to June 30, 2024, according to its ‘Climate Finance Fiscal Year 2024 Snapshot’. This is a 10% increase in climate finance compared to the previous year. At COP28, the World Bank Group committed to increasing its […] Read more
Capital A Launches Rs. 400 Cr Fund For Manufacturing And Climate Startups Updated On Fri, Sep 20th, 2024 by Saurenergy Capital A, the venture capital firm, has announced the launch of its second fund, targeting a corpus of Rs. 400Cr. This fund is focused on backing high-potential sectors such as manufacturing, deeptech, climate and fintech startups. Fund II aims to identify innovative technologies and business models set to shape the future. With plans to invest […] Read more
Powergrid Bags Khavda 7GW RE Transmission Project Updated On Fri, Sep 20th, 2024 by Saurenergy The Powergrid Corporation of India Limited (PGCIL) announced a new renewable energy evacuation project from Khavda in Gujarat. The Central Public Sector Enterprise (CPSE) informed the stakeholders regarding the latest development in its filing before the stock exchange. As per the plan, the company with this project will help in evacuating 7 GW of green […] Read more
Green Startups Rising But Finance A Concern: MUFG Report Updated On Fri, Sep 20th, 2024 by Saurenergy Funding continues to be a challenge for more than 800 climate tech startups in India, of which many have, till now, reached the growth stage. According to a report by IIMA Ventures and MUFG Bank, it is only 2.5% that get the prized Series A+ rounds. The report was launched at the Climate Action Summit, […] Read more
