India Proposed Renewable Energy Financing Obligation (REFO) Updated On Tue, Feb 25th, 2025 by Saurenergy The Ministry of New and Renewable Energy (MNRE) has now proposed a new intervention to boost the flow of financing to the renewable energy sector in the country. This comes as the demand for faster deployment of renewable energy becomes significant keeping in light India’s target of 500 GW of non-fossil fuel in 2030. Union […] Read more
Covestro Sources Renewable Energy From 90 MW Ørsted Project Updated On Wed, Feb 19th, 2025 by Saurenergy 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 […] Read more
ONGPL Acquires Ayana in Landmark INR 19,500 Renewable Energy Deal Updated On Wed, Feb 12th, 2025 by Saurenergy 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 […] Read more
Renewable Energy Tariffs Drop 50% Since FY 2013-14: Govt Updated On Thu, Feb 6th, 2025 by Saurenergy 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 […] Read more
Top Weekly Stories on Renewable Energy From 20 to 26 Jan 2025 Updated On Mon, Jan 27th, 2025 by Saurenergy Read more
Top Weekly Stories on Renewable Energy From 13 to 19 jan 2025 Updated On Mon, Jan 20th, 2025 by Saurenergy Read more
Top Weekly Stories on Renewable Energy From 06 to 12 Jan 2025 Updated On Mon, Jan 13th, 2025 by Saurenergy Read more
Gridlock Ahead? Transformer Shortage and the Renewable Energy Challenge Updated On Thu, Jan 9th, 2025 by Saurenergy Read more
Gridlock Ahead? Transformer Shortage and the Renewable Energy Challenge Updated On Thu, Jan 9th, 2025 by Saurenergy Transformers play a vital role in energy distribution systems by converting high-voltage electricity from transmission lines into low-voltage electricity for consumer use. Thus any supply disruptions in the supply of this essential component, coupled with resultant rising prices in the global transformer market, can significantly affecting utilities. Over the past three years, this situation has […] Read more
