UK Raises RE Auction Funds, Offshore Wind Gets Largest Gain Updated On Wed, Jul 31st, 2024 by Saurenergy The United Kingdon (UK) government recently allocated a budget of over 1.5 billion pounds to deliver homegrown clean energy projects and boost the UK’s energy security Energy Secretary unveils this large budget to deliver new homegrown clean energy projects in the UK. The budget seeks to boost energy security, secure cheap power for families, and […] Read more
AES Uses AI To Spur Solar Installations For Solar Farm Updated On Wed, Jul 31st, 2024 by Saurenergy The AES-owned solar farm, which is under contract with Amazon, is utilizing a roboto called Maximo to help build the farm, aiming to reduce solar installation timelines with the support of new Amazon Web Services (AWS) technology. The AES Corporation introduced “Maximo”, an AI-powered robot that enhances solar installation speed, efficiency, and safety. Maximo is […] Read more
Jakson Green Secures Rs 2.96bn Credit Facility From First Abu Dhabi Bank Updated On Mon, Jul 22nd, 2024 by Saurenergy Jakson Green Private Limited, a new energy transition platform, has secured a credit facility of Rs 2.96 billion from First Abu Dhabi Bank (Mumbai). The company said that this financing will fuel the company’s international expansion, with Uzbekistan serving as the first beneficiary for its upcoming solar photovoltaic (PV) and battery storage project. “As Jakson […] Read more
Amazon On Course To Meet RE Goal Seven Years Before Schedule Updated On Thu, Jul 11th, 2024 by Saurenergy Amazon has invested in 50 wind and solar projects in India to date. It claims to be one of the first corporations to enable utility-scale renewable energy projects in India, Greece, South Africa, Japan, and Indonesia, among other countries. In 2019, the company set the goal to match all of the electricity consumed across Amazon’s […] Read more
Juniper Secures 480 MW Hybrid PPAs From GUVNL And NTPC Updated On Wed, Jul 10th, 2024 by Saurenergy Juniper Green Energy signed two Power Purchase Agreements (PPAs) for hybrid renewable energy projects with a total capacity of 480 MW. These PPAs were signed with two companies namely GUVNL and NTPC. The company said, “GUVNL Hybrid Phase 1 of the project marks the first hybrid initiative with Gujarat Urja Vikas Nigam Limited (GUVNL), featuring […] Read more
ACME Solar Holdings Limited Files DRHP for Rs 3,000 crore IPO Updated On Wed, Jul 3rd, 2024 by Saurenergy Gurugram-based Acme Solar Holdings Limited, with a portfolio of solar, wind, hybrid and firm and dispatchable renewable energy (FDRE) projects, has filed its draft red herring prospectus (DRHP) with the market regulator, Securities and Exchange Board of India (SEBI) to raise Rs 3,000 crore through an Initial Public Offering (IPO). The IPO, with a face value […] Read more
Loan Sanctions Up 383%, Disbursements 68% For IREDA In Q1 2024-25 Updated On Mon, Jul 1st, 2024 by Saurenergy Indian Renewable Energy Development Agency Ltd. (IREDA) has reported a strong performance for the first quarter ended 30th June 2024. According to provisional figures, subject to audit, the company recorded substantial increases in loan sanctions, disbursements, and its loan book. The renewables focused firm, which has also been the preferred nodal agency for many key […] Read more
Cleantech Solar Secures Rs 855 Cr Financing From Aseem Infrastructure Finance Updated On Tue, Jun 25th, 2024 by Saurenergy Cleantech Solar, a renewable energy solution provider with operations in India and Southeast Asia, has announced the financial close of a long-term senior secured loan of Rs. 855 crores from Aseem Infrastructure Finance Limited. This loan is to expand the company’s open-access Commercial and Industrial (C&I) portfolio in India. The Rupee Term Loan (RTL) is […] Read more
Govt’s New Scheme To Aid In Evacuating RE From Rajasthan, Karnataka Updated On Mon, Jun 24th, 2024 by Saurenergy The Union government has now approved new Inter-State Transmission System (ISTS) schemes to evacuate 9 Gigawatt (GW) of renewable energy (RE) from the renewable rich states of Rajasthan and Karnataka. These schemes will be implemented through Tariff-Based Competitive Bidding (TBCB) mode. These schemes are part of the government’s 500 GW renewable energy capacity by 2030 […] Read more
