NTPC Q4 results Strong, Renewables Take Centre Stage for Future Updated On Tue, Jun 22nd, 2021 by Saurenergy NTPC ended fiscal year 21 with a renewable capacity of 1.86GW, aims for 60GW by 2032 NTPC Limited, announced its Q4FY21 numbers on Saturday. The state-owned power company reported strong results, partly due to the base effect of low power demand from last year’s Covid hit demand. In the previous fiscal year, net profits were […] Read more
CERC Orders SECI to Compensate Hero Energy for Extra Expenses in Bhadla Solar Project Updated On Mon, Jun 21st, 2021 by Saurenergy The Central Electricity Regulatory Commission (CERC) has ordered Solar Energy Corporation of India Limited (SECI) to pay the requisite compensation to Clean Solar Power (Bhadla) Pvt. Ltd., a wholly owned subsidiary of Hero Solar Energy Private Limited (HSEPL) that developed solar projects with 300 MW capacity in Rajasthan, on account of additional costs incurred by the […] Read more
Heliogen Raises $108 M for Deploying RE Tech for Heat, Power, Green H2 Updated On Thu, Jun 17th, 2021 by Saurenergy California-based Heliogen, a renewable energy technology company, recently announced that it has raised $108 million in two funding rounds to accelerate the global deployment of its Sunlight Refinery™, a turnkey concentrated solar energy system that aims to make carbon-free energy for high-temperature heat, power, and green hydrogen accessible and more cost-effective than fossil fuels for the […] Read more
JSW Steel, CSIR-NCL, Scotland Join ‘India H2 Alliance’ Updated On Thu, Jun 17th, 2021 by Saurenergy The India H2 Alliance has expanded its membership with the inclusion of JSW Steel, which joins the IH2A energy transition coalition as the Steel and Cement Work Group lead, along with two government agencies – CSIR-National Chemicals Laboratory (CSIR-NCL) and Scottish Development International (SDI), the international arm of the Scottish Government; and three national sustainability […] Read more
IFC and Rockefeller Foundation to Co-finance RE Development in Africa Updated On Thu, Jun 17th, 2021 by Saurenergy The International Finance Corporation, the private sector arm of the World Bank Group, and The Rockefeller Foundation (RF) yesterday announced a new partnership to finance renewable energy development in Sub-Saharan Africa and some other regions. The joint venture aims to deploy $150 million of RF’s catalytic capital in blended finance to mobilize up to $2 […] Read more
Impact of Global Shift of Funds Away From Fossil Fuels on India: IEEFA Updated On Tue, Jun 15th, 2021 by Saurenergy The International Energy Agency’s (IEA) Net Zero Emissions (NZE) roadmap by 2050 is compatible with the Paris goal of restricting the temperature increase to below 1.5 degree Celsius. As per the NZE roadmap, the use of unabated fossil fuels declines sharply to just over a fifth of the total energy supply. More than two-thirds of […] Read more
Delhi’s 2041 Draft Master Plan Foresees 50 Percent Energy From Renewables Updated On Fri, Jun 11th, 2021 by Saurenergy Delhi’s Draft Master Plan (MPD 2041) for the next two decades was formally release for public feedback and attention . The MPD is relevant, simply because it lays the roadmap for the city’s development for the next two decades. Previous masterplans have suffered various amendments and changes, almost all driven by political necessities. Basic necessities, […] Read more
Eco Wave Power Joins EU-funded ILIAD Project Worth €17 million Updated On Thu, Jun 10th, 2021 by Saurenergy Onshore wave energy technology company Eco Wave Power Global AB has announced its participation in the ILIAD Consortium, which has been awarded €17 million by the European Union (EU) as part of the €1 billion European Green Deal. The Israel-based company has developed an innovative technology that produces clean electricity from ocean and sea waves […] Read more
DR Congo Goes With Solar Off Grid To Power 3 Northern Cities Updated On Sun, Jun 6th, 2021 by Saurenergy Africa’s second largest country, and one of its poorest, the Democratic Republic of Congo (not to be confused with the neighboring Republic of Congo) has finally placed a big bet on renewable energy. The government there has finally gone for a $100 million investment off grid hybrid solar projects that will provide power to three cities […] Read more
