India Issued 69GW+ Renewable Tenders In FY24, Says IEEFA Report Updated On Mon, May 6th, 2024 by Saurenergy The Institute of Energy Economics and Financial Analysis (IEEFA) in its latest report indicated a record 69+ Gigawatt (GW) of renewable energy tenders in India in 2023-24. This is against the Indian government’s own annual target of 50 GW. The global energy think tank attributed this to the strong push from the Union government at […] Read more
CERC Terms SC Order On GIB As ‘Change Of Law’, Awards Compensation To Azure Updated On Mon, May 6th, 2024 by Saurenergy The Central Electricity Regulatory Commission (CERC) in a significant judgment termed the 2021 Supreme Court order on the Great Indian Bustards (GIB) as a ‘Change of Law’ event. It also granted compensation to Azure Power Maple Private Limited on account of its alleged additional expenditures. The case came to light after the petitioner Azure Power […] Read more
Adani Green Secures USD 400 Mn For 750 MW Power Projects Updated On Fri, May 3rd, 2024 by Saurenergy Adani Green Energy Ltd (AGEL) has announced USD 400 million in financing for its under-construction projects. Through this financing, the company extends support to its under-construction 750 MW solar projects in Rajasthan and Gujarat by a consortium of five leading international banks. The consortium of lenders is financing Adani’s projects that are expected to come online from […] Read more
Avaada Energy Gets Rs 1,190 Crore SBI Loan For Gujarat Solar Project Updated On Thu, May 2nd, 2024 by Saurenergy Mumbai-based green energy company Avaada Energy has announced that it secured a Rs 1,190 crore loan for a new solar project in Gujarat from the State Bank of India (SBI). The project is located in Surendra Nagar district of Gujarat. According to a statement by the company, the loan has been sanctioned for a 20-year […] Read more
Sterlite Wins Rs 7,000 Cr Orders During FY24, Witnesses 35% YoY Increase To FY 23 Updated On Tue, Apr 30th, 2024 by Saurenergy Sterlite Power, a power transmission developer as well as products & services provider, capped off a successful fiscal year (FY24) with new orders worth INR 2,500 crores for its Global Products and Services (GPS) business unit in Q4. This takes Sterlite’s cumulative order wins in FY24 to Rs 7,000 crores, representing a 35% year-on-year (YoY) […] Read more
NTPC-REL Releases Tender For 260 MW Solar Project At Bikaner Updated On Tue, Apr 30th, 2024 by Saurenergy NTPC Renewable Energy Limited (NTPC REL), a subsidiary of NTPC released a tender, inviting online bids from eligible bidders for the development of a 260 MW grid-connected solar PV project at Bikaner, Rajasthan. NTPC REL invited bids for design, engineering, manufacturing, supply, packing and forwarding, transportation, unloading storage, installation, testing and commissioning of the solar […] Read more
Top 5 States In Rooftop Solar In India Updated On Wed, Apr 24th, 2024 by Saurenergy It is no secret now that even India has made strides in new solar capacity addition in the last few years, a considerable gap exists between rooftop solar (RTS) and utility-scale solar installations. The PM Suryaghar Muft Bijli Yojana might be the most ambitious scheme yet to reduce that gap, but its impact will probably […] Read more
PM Surya Ghar: Elections Defer Timely Disbursement Of Rooftop Solar Subsidies Updated On Mon, Apr 22nd, 2024 by Saurenergy The ongoing elections in the state country seem to have deferred the timely disbursement of central subsidies under the PM Surya Ghar scheme. Prime Minister Narendra Modi earlier this year announced PM Surya Ghar Muft Bijli Yojana with a target to reach out to 1 crore households. The revamped scheme, dedicated to the residential rooftop […] Read more
Everything You Wanted To Know About India’s Biggest Rooftop Solar Scheme Updated On Fri, Apr 19th, 2024 by Saurenergy Made For, Of and By India One of the biggest aspects of the PM Surya Ghar Scheme is the focus on mass markets, by limiting subsidies to systems upto 3kW in size. It is also meant to be a catalyst for India’s domestic manufacturing base for solar equipment, which has struggled to counter Chinese imports […] Read more
