ACEN Inks RECAU Agreement with Laguna Lake Development Authority in Philippines Updated On Fri, Aug 11th, 2023 by Saurenergy Makati-based ACEN, through its subsidiary companies, entered into a significant Renewable Energy Contract Area Utilization (RECAU) agreement with the Laguna Lake Development Authority (LLDA) in the Philippines. The purpose of this agreement is to secure the lease of 800 hectares of Renewable Energy Areas (REAs) located in Laguna. This pivotal arrangement signifies ACEN’s commitment to […] Read more
Tata Power Reports 29% Growth In PAT In Q1 YoY Updated On Wed, Aug 9th, 2023 by Saurenergy Tata Power today announced its financial results for Q1 of FY24. The Indian power company reported a 29 percent growth in its consolidated Profit After Tax (PAT). Its net profit stood at Rs 884 crore during Q1 of FY 23, which notched up to Rs 1,141 crore during the Q1 of FY24, registering a 29 […] Read more
Electronica Finance Limited Signs US$15 Mn Deal with ResponsAbility Investments AG Updated On Tue, Aug 8th, 2023 by Saurenergy Electronica Finance Limited (EFL), a Pune-based Non-Banking Financial Company (NBFC) specialising in financing MSMEs with a focus on financial inclusion and energy efficient machine financing, has signed a US$15 million deal from Global Climate Partnership Fund (GCPF), managed by responsAbility Investments AG. The finance provided under the deal will be for six years and the […] Read more
SJVN Bags INR 7000 Cr Solar Power Contract from Punjab State Power Corporation Ltd Updated On Mon, Jul 24th, 2023 by Saurenergy SJVN, through its wholly-owned subsidiary- SJVN Green Energy Limited (SGEL) has received the letter of Intent (LOI) from Punjab State Power Corporation Limited (PSPCL). This agreement will pave the way for the procurement of 1200 MW solar power. As per the contract terms, SGEL will develop 1000 MW project anywhere in the country. The remaining […] Read more
Govt Commissioned 11 Out of 50 Sanctioned Solar Parks in India: Govt Updated On Fri, Jul 21st, 2023 by Saurenergy The Ministry of New and Renewable Energy (MNRE) claimed it had commissioned 11 out of India’s 50 sanctioned solar parks. These solar parks were constructed under the Ministry’s scheme named ‘development of solar parks and ultra mega solar power projects.’ Union MNRE Minister RK Singh, in his written reply to a question before the Lok […] Read more
O2 Power Steps up Supply to Dr. Reddy’s Laboratories with 17.82 MW Solar, 27 MW Wind Updated On Thu, Jul 20th, 2023 by Saurenergy Renewable energy platform, O2 Power has stepped up its renewable energy agreement with Dr. Reddy’s Laboratories, a leading multinational pharmaceutical firm. The initial agreement paved the way for the supply of 15 MW of renewable power from O2 Power’s plants in Telangana. This has now been augmented to an additional 17.82 MW of solar capacity […] Read more
Masdar Raises US$750 Million Green Bond Updated On Thu, Jul 20th, 2023 by Saurenergy Abu Dhabi Future Energy Company PJSC – Masdar announced the successful completion of its first green bond issuance for US$750 million 10-year senior unsecured Notes today. Showing positive appetite from regional and international investors, the order book peaked at US$ 4.2 billion, i.e. oversubscription of 5.6x. Pricing tightened 35 bps between launch and final terms, […] Read more
MAHAPREIT Issues Tender for 100 MW Distributed Solar Park Updated On Wed, Jul 19th, 2023 by Saurenergy Mahatma Phule Renewable Energy And Infrastructure Technology Limited (MAHAPREIT) has invited bids to obtain offers from solar power developers for design, engineering, supply, erection, testing, and commissioning of distributed solar project (2 MW to 10 MW capacity). The tender is for the solar park project in Maharashtra with a cumulative capacity of 100 MW on […] Read more
EIB Delegation to India to Focus on RE Intiatives, Green Hydrogen Ecosystem Updated On Fri, Jul 14th, 2023 by Saurenergy A European Investment Bank (EIB) delegation is embarking on a four-day business visit to India this week to strengthen collaboration with Indian public and private sector partners. The visit of the delegation, which includes EIB Vice-President Kris Peeters, will primarily focus on discussing EIB’s support for clean energy investments and transportation initiatives in the country. […] Read more
