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
ReNew Announces $250 Million Share Buyback and Preliminary Results for Q3 FY’22 Updated On Thu, Feb 3rd, 2022 by Saurenergy Nasdaq listed ReNew Energy Global plc has announced that its Board of Directors has authorized a new $250 million share repurchase program to buy back Class A Ordinary Shares (“Share Repurchase Program”) in the capital of the Company. In addition, the Company is providing updates on certain financial metrics for the quarter and nine months ended December 31, […] Read more
Maha Discom Invites Bids for 865MW Solar Projects Updated On Wed, Feb 2nd, 2022 by Saurenergy Maharashtra State Electricity Distribution Co. Ltd. (MSEDCL) has invited bids for the procurement of 865 MW (AC) solar power from projects to be developed in Maharashtra through competitive bidding process (followed by e-reverse auction). The deadline for online bid submission is February 28, 2022, 4 pm. Other key details mentioned in the tender document are […] Read more
SBI Partners with Tata Power for Financing Solar Projects Updated On Tue, Feb 1st, 2022 by Saurenergy With an aim to strengthen the existing financing arrangement for solar power projects, India’s largest lender State Bank of India (SBI) has launched a dedicated centralized processing cell, ‘Surya Shakti Cell’, the company recently announced. SBI has entered into an agreement with Tata Power Solar Systems Ltd. for financing solar projects. Set-up in the Ballard Estate in Mumbai, the […] Read more
Gujarat Power Utility Floats Tender for 131 MW Solar Plants Updated On Tue, Feb 1st, 2022 by Saurenergy Gujarat State Electricity Corporation Limited (GSECL) has invited bids for setting up a 131 MW solar plant at various locations in the districts of Surendranagar and Morbi, Gujarat. The bid submission deadline is February 2, 2022, 4 pm. The full scope of the project is as follows: The design, engineering, supply & procurement, construction, erection, testing, […] Read more
Log9, SpareIt In Partnership To Launch Battery Replacement and Retrofitment Model Updated On Sat, Jan 29th, 2022 by Saurenergy Log9 materials and Spareit have come together to tackle what they describe as the biggest concern in the EV ecosystem. The battery is always the heart of any electric vehicle; given that EV range, charging time, and other critical characteristics are all closely tied to the battery’s health. Due to factors experienced such as constant […] Read more
Power Minister Interaction With Stakeholders On Draft Policy For Energy Storage Systems Updated On Thu, Jan 27th, 2022 by Saurenergy In an important discussion on January 25, the Union Minister of Power and New and Renewable Energy, R.K. Singh interacted with Renewable Energy developers, industry and various government representatives to discuss the elements of the draft Policy on Energy Storage system. The policy aims at the creation of technology-agnostic large storage systems across the value […] Read more
CEEW-NRDC-SCGJ Study Highlights 1 Million Jobs Potential For RE Sector In India Updated On Thu, Jan 27th, 2022 by Saurenergy India’s renewable energy sector could potentially employ around one million people by 2030, which would be ten times more than the existing workforce of an estimated 1.1 lakh (110,000) employed by the sector, according to an independent study released today by the Council on Energy, Environment and Water (CEEW), Natural Resources Defense Council (NRDC) and […] Read more
CERC Eases Rules, Compliances For Generators, REC Certificates Updated On Thu, Jan 27th, 2022 by Saurenergy As part of its ongoing efforts to ensure ease of doing business, the Central Electricity Regulatory Commission (CERC) has come out with a suo-motu order on January 22, published on its site on January 24, that relooks some of the rules and compliances mandated for power generators. The new revisions cover rules linked to procedures, […] Read more
