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
France’s EDF In Separate Deals with NTPC, Coal India For PSP, Renewable Projects Updated On Mon, Feb 24th, 2025 by Saurenergy It’s been a busy weekend for French Energy major EDF in India, as the French government backed utility signed agreements with NTPC Limited, a Maharatna company of India to develop (including construction), own, operate and maintain pumped storage project(s) and/or any other hydro power project(s) or Hydro Project(s) bundled with other Renewable Energy projects and […] 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
SaurEnergy Explains: Balcony Solar – A Game Changer for Apartment Dwellers? Updated On Wed, Feb 19th, 2025 by Saurenergy Solar power has taken over the world’s new power projects, becoming the harbinger of the renewable energy age that everyone awaited for so long. Indeed, the utility scale mega solar projects and rooftop solar have been the mainstream type of solar installations. However, other solar power systems, like the balcony solar systems, are quietly gaining […] Read more
Credit Fair Secures $5 Mn From Symbiotics Investments For Solar Financing Updated On Tue, Feb 18th, 2025 by Saurenergy Credit Fair, a non-banking financial company (NBFC) with its presence in the solar and MSME segments, has raised $5 million in debt from the $75-million Green Basket Bond issued by Symbiotics Investments. The bond, which is the second of its kind, was issued by Symbiotics Investments and subscribed to by British International Investment (BII), the […] Read more
Transition VC Invests $1.7M In Dynolt For Clean Energy Solutions Updated On Tue, Feb 18th, 2025 by Saurenergy Dynolt Technologies, a deep-tech power electronics startup, has secured $1.7 million in a seed funding round led by Transition VC. The round also saw participation from angel investor, Yashovardhan Shah. Founded in 2022 and headquartered in Bengaluru, Dynolt develops power electronics solutions for clean energy sectors such as e-mobility, energy storage, renewables, and hydrogen. Backed […] Read more
Will 7.5 GW Green Energy Auction Be a Game-Changer for Philippines? Updated On Fri, Feb 14th, 2025 by Saurenergy The Philippines’ Department of Energy (DOE) announced on Tuesday the successful completion of the 3rd Green Energy Auction (GEA-3), offering 7,500 megawatts (MW)—well above the 4,650 MW installation target. The auction aligns with President Ferdinand Marcos Jr.’s energy agenda, aimed at accelerating the shift to renewable energy (RE) and strengthening the country’s energy security and […] Read more
Australia Sees Record-Breaking Clean Energy Investment Since 2018 Updated On Thu, Feb 13th, 2025 by Saurenergy Clean Energy Council released its Q4 2024 Quarterly Clean Energy Investment Report, Large-Scale Renewable Generation and Storage, indicating that 2024 was best year for large-scale renewable energy investment in Australia since 2018. The island nation attracted about USD 9 billion in total capital investment in 2024. In total, 4346 MW of new generation capacity, worth […] Read more
China’s Renewable Sector Enters New Era with Market-Driven Pricing Updated On Wed, Feb 12th, 2025 by Saurenergy China’s National Development and Reform Commission (NDRC) and the National Energy Administration (NEA) recently issued a joint notice outlining measures to deepen the pricing reform for electricity generated from renewable sources. The reform focuses on three key areas: allowing market forces to determine renewable power prices, creating a pricing and settlement mechanism that supports long-term […] Read more
