SolaX Power Announces 149.8mn USD Investment On Energy Storage Updated On Mon, Oct 21st, 2024 by Saurenergy Global energy solutions company SolaX Power has now unveiled a 149.8 million USD investment to establish research and manufacturing facility in the Zhejiang Province of China. This project will focus on utility-scale energy storage and integrated smart energy systems. The company said that the move is likely to aid in the global energy transition towards clean […] Read more
India’s Coal Sector Need Rs. 3,29,651 Cr Investment For Green Makeover: iForest Updated On Mon, Oct 21st, 2024 by Saurenergy Internationally, countries like the United Kingdom (UK) have recently shut down their last coal power plant. India, despite being the third largest emitter globally, simply cannot follow suit, even as it has established its first committee to develop a just transition framework. This framework aims to prepare guidelines for the government to transition away from […] Read more
Gensol and Matrix Gas Launch India’s First Green Steel Facility Updated On Mon, Oct 21st, 2024 by Saurenergy Gensol Engineering Limited and Matrix Gas & Renewables have partnered to establish India’s first and largest Green Steel production facility. This facility will utilize 100% Green Hydrogen for production. The project is one of three pilot projects sanctioned under the National Green Hydrogen Mission. MECON, the Ministry of Steel, and the Ministry of New and […] Read more
JSW Neo Energy Limited to Acquire Hetero Group RE Portfolio Updated On Mon, Oct 21st, 2024 by Saurenergy JSW Neo Energy Limited (JSWNEL), a wholly owned subsidiary of JSW Energy Limited, signed definitive agreements this week, to acquire three Special Purpose Vehicles (SPVs) from Hetero Labs Limited and Hetero Drugs Limited (Hetero Group). These SPVs collectively hold a cumulative wind energy generation capacity of 125 megawatts (MW). The transaction is subject to the […] Read more
Prozeal Gets SECI’s Solar Plus Battery Energy Storage Project In Leh Updated On Fri, Oct 18th, 2024 by Saurenergy The Solar Energy Corporation of India (SECI) allotted Gujarat-based solar company Prozeal Green Energy a solar plus battery energy storage project at Leh. SECI, earlier had issued a tender for selection of project developers for a 25 MW (AC) Solar PV Power Plant (50 MWp) with a 20 MW/50 MWh battery energy storage system at […] Read more
Avaada Energy Secures Rs 597 Crore Refinancing for PV Projects Updated On Wed, Oct 16th, 2024 by Saurenergy Avaada Energy, a subsidiary of the Avaada Group, has secured Rs 597 crore ($71.1 million) in refinancing for its commercial and industrial (C&I) solar projects. These projects are located in Karnataka and Maharashtra. The refinancing was provided by NIIF Infrastructure Finance Limited (NIIF IFL), an infrastructure debt fund focused on refinancing operational infrastructure projects. Avaada’s […] Read more
ALMM: India’s Enlisted Solar Module Capacity Touches 58 GW Updated On Tue, Oct 15th, 2024 by Saurenergy The Ministry of New and Renewable Energy (MNRE) in its latest Approved List of Models and Manufacturers (ALMM) revealed that the total enlisted Indian solar module manufacturing capacity touched 58.42 GW. The ministry earlier issued the last ALMM on September 27. In the latest list, the ministry reported an addition of around 2.09 GW of […] Read more
IBM Acquires Prescinto, Expands Into Renewable Energy Space Updated On Tue, Oct 15th, 2024 by Saurenergy IBM acquires Digital Renewables company – Prescinto, an asset performance management (APM) and a software-as-a-service (SaaS) provider. This acquisition will allow Prescinto leverage artificial intelligence (AI) to enable monitoring, analytics, and automation to streamline renewable energy operations and manage clean energy and storage assets. The Bangalore-based digital company offers solution to organizations that are increasingly […] Read more
After China & Europe, India Set To Embark On Offshore Wind Journey Updated On Tue, Oct 15th, 2024 by Saurenergy After a thrust to offshore wind energy projects in China and Europe, swings of changes in this sector are now expected in India too. Last year, globally 10.8 GW of new offshore wind energy capacities were added, as per a report from the Global Wind Energy Council (GWEC). The lion’s share was taken by China […] Read more
