renewable energy

Covestro Sources Renewable Energy From 90 MW Ørsted Project

Updated On Wed, Feb 19th, 2025

by Saurenergy

Covestro Sources Renewable Energy From 90 MW Ørsted Project

Covestro, a polymer materials supplier, has four US sites that have reached net-zero Scope 2 electricity emissions through the allocation of Renewable Energy Certificates (RECs). This achievement is a result of Covestro’s existing virtual Power Purchase Agreement (PPA) with Ørsted. Under this agreement, Denmark-based Ørsted provides Covestro with 90 MW of renewable energy capacity, reducing […]

ONGPL Acquires Ayana in Landmark INR 19,500 Renewable Energy Deal

Updated On Wed, Feb 12th, 2025

by Saurenergy

ONGPL Acquires Ayana in Landmark INR 19,500 Renewable Energy Deal

India’s largest oil and gas producer Oil and Natural Gas Corp (ONGC) and nation’s biggest power company NTPC acquired renewable energy firm Ayana through their joint venture ONGC-NTPC Green Pvt Ltd (ONGPL), for an enterprise value of INR 19,500 crore (USD 2.3 billion). ONGPL has signed a share purchase agreement with the current stakeholders National […]

Renewable Energy Tariffs Drop 50% Since FY 2013-14: Govt

Updated On Thu, Feb 6th, 2025

by Saurenergy

Renewable Energy Tariffs Drop 50% Since FY 2013-14: Govt

The Ministry of New and Renewable Energy (MNRE) said that renewable energy tariffs in the country have gone down up to 50% since 2013-14. The information was furnished by the ministry before the Parliament in a written reply. Mentioning the range of tariff rates, the MNRE Minister Pralhad Joshi said, “The range of tariffs discovered […]