REC Steps Up On Green Financing With 37.3% Growth In Renewable Energy Funding Updated On Mon, Oct 7th, 2024 by Saurenergy REC Limited, a maharatna CPSE under the Ministry of Power and a leading NBFC, has disbursed loans worth ₹90,955 crore, up 20.10% year-on-year for the half year ended September 30, 2024. The quantum of renewable energy loans grew 92.68% year-on-year to ₹11,297 crore. Notably, the firm raised the largest ever tranche of green binds from […] Read more
US Energy Storage Surges With Second-Highest Quarterly Record Updated On Fri, Oct 4th, 2024 by Saurenergy The United States is continuing to break records for energy storage installations across key market segments, according to the latest report by Wood Mackenzie. In the second quarter of 2024, the US developers installed 3,011 MW and 10,492 MWh of energy storage capacity. This marks the second-largest quarterly capacity addition, surpassed only by Q4 2023, […] Read more
Google In Deals With Adani, Cleanmax For Clean Energy Deals In India Updated On Fri, Oct 4th, 2024 by Saurenergy In a busy week for Google in India, the global search and web giant inked agreements with the Adani Group as well as Cleanmax Enviro for supply of green energy to power operations here. Google Adani Tie-Up For Khavda Energy The Adani Group and Google are collaborating to further reduce Google’s carbon footprint. Under the […] Read more
IRENA Report On Renewable Jobs Claims 18% Jump In 2023 Updated On Thu, Oct 3rd, 2024 by Saurenergy 2023 saw the highest ever increase in renewable energy jobs, from 13.7 million in 2022 to 16.2 million, according to the newly released Renewable Energy and Jobs – Annual Review 2024 by the International Renewable Energy Agency (IRENA) and the International Labour Organization (ILO). The 18% year-on-year leap reflects the strong growth of renewables generating capacities, together […] Read more
Avaada Announces ₹1L-cr Investment In Rajasthan’s Energy Transition Updated On Wed, Oct 2nd, 2024 by Saurenergy Indian renewable energy company Avaada Group has unveiled its ambitious plan to invest ₹1,00,000 crore in Rajasthan, further propelling the state into the forefront of India’s renewable energy revolution. With the focus on large-scale solar, wind, and green ammonia projects, Avaada has planned to boost its footprint in Rajasthan’s vast arid land. In a step forward, […] Read more
RERC Notifies Draft Green Energy Open Access Regulations 2024 Updated On Wed, Oct 2nd, 2024 by Saurenergy Rajasthan’s Electricity Regulatory Commission (RERC) recently released a draft notification for the Green Energy Open Access (GEOA) regulations for 2024. The commission is inviting suggestions on the draft until October 18th. In this draft, the RERC outlines the criteria for accessing green energy through open access, which will be available upon payment of specific charges. […] Read more
India’s Power Sector Surge: Motilal Oswal Tracks A Rs 40 Trillion Investment Opportunity Updated On Wed, Oct 2nd, 2024 by Saurenergy India’s power sector is on the cusp of a major transformation, offering colossal investment opportunities over the next decade. Economic growth, energy transition, and technological advancements will drive the sector’s rapid growth, according to a Motilal Oswal report titled “Power Utilities: EmPOWERING INDIA!” The report outlines the massive growth and investment potential in the sector […] Read more
Odisha Clears Rs.4,671 Cr Investment For 749.9 MW Renewable Projects Updated On Tue, Oct 1st, 2024 by Saurenergy Single Window Committee (SWC) of Odisha’s Energy Department granted in-principle approval for renewable energy projects worth Rs.4,671.81 crore. A major decision, the move helps to advance the state toward a green energy future. The approvals were granted in the 7th meeting of SWC. The total capacity of the renewable energy projects approved is 749.9 MW. […] Read more
Rajasthan Investor Summit 2024 Attracts High Renewable Commitments Updated On Tue, Oct 1st, 2024 by Saurenergy At the Rajasthan Investment Summit 2024 in New Delhi, 17 major companies signed MoUs (Memorandums of Understanding) to invest a massive Rs. 8 lakh crore across various sectors, focusing on renewable energy, oil and gas, logistics, and infrastructure. In the energy sector, Tata Power, NHPC, Avaada Group, and Jindal Renewable Power all committed to building […] Read more
