SunCable Gets $152 Million New Investment for Australia-Singapore Power Project Updated On Wed, Mar 16th, 2022 by Saurenergy The SunCable led ‘Australia-Asia PowerLink’ project has received a major boost as Australian billionaires Mike Cannon-Brookes and Andrew Forrest have invested a further $152 million into the undersea cable link construction meant to deliver solar generated power from Australia to Singapore. The fresh investment has been directed through Grok Ventures that belongs to Cannon-Brookes and […] Read more
Neoen sees bigger appetite for RE as Europe shuns Russian power Updated On Wed, Mar 16th, 2022 by Saurenergy French renewable power producer Neoen should benefit from more demand for green energy in Finland, Italy and France as Europe looks to become independent from Russian gas, the company’s chief executive said on Monday. The European Union has announced plans to expand its clean energy capacities as it looks to cut dependency on Russian gas […] Read more
Andhra High Court Rules in Favour of Solar, Wind Developers Updated On Wed, Mar 16th, 2022 by Saurenergy In a judgement that seeks to put to rest all uncertainties regarding the sanctity of Power Purchase Agreements and the competency of experts who decided on rates, the Andhra Pradesh High court has ruled in favour of solar and wind developers in the case against the state discoms, and by default, the Andhra state government. […] Read more
Four Solar Power Projects Worth 6.5 MW Floating Up in Chandigarh Soon Updated On Tue, Mar 15th, 2022 by Saurenergy Chandigarh Renewable Energy and Science and Technology Promotion (CREST) will develop four solar power projects totaling 6.5 MW capacity in different locations of Chandigarh. The cost of this solar expansion will be Rs 43 crore. As far as the projects are concerned, two will be first of their kind. These solar power projects will be […] Read more
Karnataka to Give 10,000 Farmers Solar Powered Irrigation Pump Sets Under PMKUSUM Updated On Mon, Mar 14th, 2022 by Saurenergy The State Cabinet of Karnataka has cleared the proposal for the implementation of Pradhan Mantri Kisan Urja Suraksha Evam Utthaan Mahabhiyan-B (PMKUSUM) scheme in the state under which about 10,000 farmers will benefit from solar powered irrigation pump sets. ‘Component B’ of the scheme envisages installation of 17.5 lakh standalone (off grid) solar powered irrigation […] Read more
Bill Gates, Chris Sacca Invest in tech for Net Zero Emissions in Heavy Industries Updated On Mon, Mar 14th, 2022 by Saurenergy Microsoft co-founder Bill Gates and Chris Sacca, an early investor in Uber, Twitter, and Instagram, are investing in the US-based start-up Antora Energy to help mitigate climate change. Although Antora Energy is in the early stages of alleviating greenhouse gas emissions from heavy industries, its technology looks promising. Bill Gates is investing in Antora Energy through investing […] Read more
Under Ease of Doing Biz prog, MoP unlocks ₹400 cr for RE developers Updated On Mon, Mar 14th, 2022 by Saurenergy The central government has launched a Regulatory Compliance Portal, an online repository of all central- and state-level compliances, to reduce the regulatory compliance burden of citizens and businesses operating in the energy industry, including renewable power. During 2021, the Ministry of Power (MoP) eased compliances related to seventy-nine issues affecting the industry and its consumers. […] Read more
IREDA to be consultant to petrochemicals institute for campus solarisation Updated On Mon, Mar 14th, 2022 by Saurenergy Indian Renewable Energy Development Agency Ltd. (IREDA) has signed a Memorandum of Understanding (MoU) with the Central Institute of Petrochemicals Engineering & Technology (CIPET) to provide its techno-financial expertise for the solarization of CIPET campuses. The two organisations are under the Ministry of New & Renewable Energy and the Ministry of Chemicals and Fertilizers, respectively. […] Read more
MNRE Amends Guidelines for Hybrid Projects Updated On Fri, Mar 11th, 2022 by Saurenergy The Ministry of New and Renewable Energy (MNRE) has issued an office memorandum, modifying guidelines for the tariff based procurement from Wind and solar hybrid projects. These guidelines had originally been released on October 14, 2020, and amended subsequently on July 27, 2021. The purpose behind such hybrid projects is to seek RTC (Round the […] Read more
