ADB Approves $434.25 Mn Loan To Setup Solar Facility In Assam Updated On Fri, Oct 25th, 2024 by Saurenergy The Asian Development Bank (ADB) recently approved a $434.25 million loan to increase renewable energy capacity and improve energy security in the state of Assam, India. “Addressing the renewable energy capacity shortage in Assam is crucial to meet growing demand and reduce dependency on fossil fuels,” said ADB Principal Energy Specialist Jiwan Acharya. “This project […] Read more
Saudi Arabia Shortlists Bidders for 3.6GW Solar Projects Updated On Fri, Oct 25th, 2024 by Saurenergy The Saudi Power Procurement Company (SPPC) has announced a shortlist of bidders for its fifth round of tenders under the National Renewable Energy Programme (NREP), aimed at boosting the country’s solar energy capacity. This round targets 3.6GW of solar photovoltaic (PV) capacity across four projects. Bids for these projects were initially disclosed in February, and […] Read more
Q3 Results: GE Vernova Falls Short On Offshore Wind, Hits Onshore Targets Updated On Thu, Oct 24th, 2024 by Saurenergy GE Vernova Inc., a US-based wind energy company, secured $1.7 billion in orders in the third quarter ending September 30, 2024. The company reported a 19% organic decrease, attributing the drop to lower Onshore Wind equipment orders outside of North America. GE Vernova generated $2.9 billion in revenue, down 1% organically. Losses increased due to […] Read more
EverGreen, Datta Infra & Others Bag NTPC’s 1.2GW Hybrid Tender Updated On Thu, Oct 24th, 2024 by Saurenergy NTPC Limited has announced the results of its 1200 MW wind-solar hybrid tender. The power giant awarded contracts to four renewable project developers: Sembcorp Green Infra, Adani Renewable Energy, Green Prairie Energy III (EverGreen), Adyant Ensersol (Datta Infra), and ReNew Solar. As per the auction results, Sembcorp, Adani Renewable, and ReNew Power secured projects at […] Read more
Green Stock Oct 23: A Day of Respite For Green Stocks Updated On Wed, Oct 23rd, 2024 by Saurenergy After the relentless hammering o the past few sessions, Green energy stocks finally saw sunshine with almost all the stocks ending in the green. The blockbuster success of the Waaree Energies IPO has no doubt reminded investors of the potential and opportunity that continues to exist in the sector, helping many of the beaten down […] Read more
Gujarat Set To Add Two New 700 MW Solar Projects At Khavda Updated On Wed, Oct 23rd, 2024 by Saurenergy SJVN Green Energy Limited (SGEL), a subsidiary of SJVN, has invited bids to build two new ground-mounted solar projects with a cumulative capacity of 700 MW at Khavda, Gujarat. SGEL is accepting bids until 19th November 2024. The SGEL project is divided into two parts. The first project falls under GUVNL Phase XXI and has […] Read more
MRF Set To Make Rs. 7.26 Crore Investment In Clean Max Omni Updated On Wed, Oct 23rd, 2024 by Saurenergy Chennai-based Tyre manufacturer MRF Limited recently announced its plans to acquire a 26 per cent stake in Clean Max Omni Private Limited for Rs. 7.26 crores, pivoting into renewable energy space. The tyre manufacturers entered into a captive power purchase agreement with Clean Max Omni for a hybrid power supply under the government’s captive power policy. In […] Read more
Himachal Pradesh Invites Private Players To Expand EV Charging Network Updated On Wed, Oct 23rd, 2024 by Saurenergy The Himachal Pradesh Cabinet, in a recent meeting, approved involving private players to expand the EV charging station network along the state’s six green corridors. It was highlighted that 77 EV charging stations are already operational on these corridors. The Cabinet also approved the establishment of automated testing stations for vehicle fitness assessments, utilizing advanced […] Read more
NVVN’s 500MWh Storage Tender Breaks New Ground With Record Low Tariffs Updated On Wed, Oct 23rd, 2024 by Saurenergy NTPC Vidyut Vyapar Nigam’s (NVVN) first standalone energy storage tender has broken new ground with record low tariffs. While the bids come with viability gap funding, even after accounting for that, the winning bids are lower than the lowest seen so far at Rs 3.41/unit by SECI. The tender with a total capacity 500 MW/ […] Read more
