€300 Million IFC Loan For Iberdrola To Back Renewables Versus Coal Updated On Tue, Jan 9th, 2024 by Saurenergy The World Bank’s private lending arm, the International Finance Corporation (IFC) has backed Spanish utility major Iberdrola with a €300 million (US$328.7 million) loan to support and develop renewable energy projects in coal-dependent countries, including Morocco, Vietnam and Poland. According to Iberdrola,€170 million has already been committed to financing onshore wind projects in Poland, one of the biggest European […] Read more
Inox Wind Receives LoI For 50 MW Gujarat Wind Project from NLC India Updated On Tue, Jan 9th, 2024 by Saurenergy Indian wind energy solutions company Inox Wind Limited (IWL) today announced receiving a Letter of Intent (LoI) for executing a 50 MW ISTS (Inter-State Transmission System)-connected wind power project on a turnkey basis from NLC India Limited. NLC India is a Central Public Sector Utility (CPSU). As part of the project, Inox Wind will supply, install, and […] Read more
Serentica Renewables In INR 3500 Cr Debt Deal For Its 530 MW RTC Project Updated On Mon, Jan 8th, 2024 by Saurenergy Serentica Renewables, which has quickly emerged as a leading C&I focused renewable energy developer in India within 2 years, announced the signing of its first international and commercial bank foreign currency loan worth INR 3500 crores (US$425 million) for its Round-The-Clock renewable energy project in India. The transaction brings together a consortium of three international […] Read more
Energy Engineer Updated On Thu, Jan 4th, 2024 by Saurenergy This role will promote the further growth, development and service delivery of the energy consulting team, with a particular focus on multi-disciplinary engineering aspects of our projects, but also business development expertise and project management expertise of PV, windy, battery storage, green hydrogen and mini/micro- grid projects. Knowledge on grid-connections and large-project context, structure and […] Read more
UP Set To Emerge As The Solar Energy Hub Of India: UPNEDA Updated On Wed, Jan 3rd, 2024 by Saurenergy With close to 125 projects at an estimated outlay of Rs 1 lakh crore in the pipeline in the field of clean energy, Uttar Pradesh is well in line to meet 40 percent of the state’s energy requirement through solar and alternate sources. Of these, four large solar projects worth Rs 35,000 crore will be […] Read more
Average Power Supply In Rural India Touched 20.6 Hours: RK Singh Updated On Wed, Jan 3rd, 2024 by Saurenergy The Ministry of Power (MoP) data on power availability within the power sector showcased a growth trend in 2023. Union Power Minister RK Singh said that several reforms in the power sector brought several positive results, including reduced AT&C (Aggregate Technical and Commercial) losses. “The AT&C losses in the power sector went down to 15.41% (provisional) […] Read more
Top 12 Trends Of 2023 That Created Ripples In Indian Renewable Sector Updated On Tue, Jan 2nd, 2024 by Saurenergy For India, forming a backdrop to the whole year was the softening in global module prices, continuation of ALMM exemptions, and of course, the noise around carbon credits and green hydrogen. Which events actually made an impact? Which ones stood out and are most likely to make a real impact, and soon? We present below […] Read more
ESMAP, World Bank Report Make Case For Energy-Plus Storage In India Updated On Fri, Dec 29th, 2023 by Saurenergy A recent report from the World Bank on energy storage program, introduced a framework for addressing intermittency challenges in solar and wind energy. The proposed solution involves integrating battery energy storage to manage variable energy output effectively. This report is by the Energy Management Assessment Program (EMAP) in collaboration with the World Bank (WB), the […] Read more
Jindal Stainless Estimates To Generate 1.9 Billion Units Of Clean Energy Annually Updated On Fri, Dec 29th, 2023 by Saurenergy Jindal Stainless, a stainless-steel manufacturer is estimated to generate over 1.9 billion units of clean electricity annually through its wind-solar hybrid, floating and roof-top solar plants, according to its newly released Sustainability Report. The initiatives are estimated to reduce carbon emissions by over 13.52 lakh tones per annum. The company has already partnered with ReNew […] Read more
