ReNew Power Merges with RMG II, Lists on Nasdaq via SPAC Updated On Wed, Aug 25th, 2021 by Saurenergy Haryana-based ReNew Power has completed its previously announced business combination with RMG Acquisition Corporation II. After the combination, RMG II has become a wholly-owned subsidiary of ReNew Energy Global. Consequently, ReNew’s Class A ordinary shares and warrants commenced trading on the U.S. stock exchange NASDAQ on August 24, 2021. The company listed in the US through […] Read more
Egypt Plans RE-powered Desalination Project amidst Swelling Water Crisis Updated On Mon, Aug 23rd, 2021 by Saurenergy Known for its pyramids, Egypt has decided to build 17 desalination water plants powered by renewable energy, under a new $2.5 billion initiative, to tackle the severe water scarcity that the Arab country is expected to soon suffer from, according to media reports. Desalination, which turns salt water into water that is fit to drink (most commonly […] Read more
Luminous Power’s New App to Upskill Electricians for Solar Installation Updated On Mon, Aug 23rd, 2021 by Saurenergy New Delhi-based Luminous Power Technologies has launched an app called ‘Solar Guru App’, with the express purpose of engaging and training electricians across the country in solar solutions installation. Through this initiative, the company aims to skill around 2,000 electricians per month through the app in both English and Hindi languages. The cost of the […] Read more
RE Investment in India Bounces Back from COVID-19 Slowdown: IEEFA Updated On Mon, Aug 23rd, 2021 by Saurenergy Renewable energy investment is rising again in India following the slowdown in the previous financial year due to the onset of the COVID-19 pandemic, finds a new briefing note by the Institute for Energy Economics and Financial Analysis (IEEFA). In the first four months of this financial year (FY), from April to July 2021, investment […] Read more
NHPC Issues 2 Solar Power Tenders For 100 MW And 500 Mw In Tamil Nadu Updated On Fri, Aug 20th, 2021 by Saurenergy Stepping up the pace after its 100 MW floating solar tender early this week, NHPC (National Hydroelectric Power Corporation) has issued two tenders, for a 100 MW and a 500 MW solar project. Both projects are to be located in Tamil Nadu. With these, the pace of solar development returns to Tamil Nadu, after a […] Read more
Green Hydrogen Tech Can Decarbonise India’s Steel Sector: TERI Updated On Fri, Aug 20th, 2021 by Saurenergy Green hydrogen technologies have the potential to drastically reduce CO2 emissions from primary steelmaking in India, allowing the sector to industrialise without the need to “carbonise,” finds new research by the Energy and Resources Institute (TERI). The study entitled “Green Steel through Hydrogen Direct Reduction: A Study on the Role of Hydrogen in the Indian […] Read more
Green Bonds Worth $3.6 B Issued by Indian RE Developers in H1 2021 Updated On Thu, Aug 19th, 2021 by Saurenergy According to a study released by CEEW-CEF, Indian renewable energy developers issued green bonds worth INR 26,300 crore (USD 3.6 billion) in the first half of 2021 alone, beating even previous one-year records. The CEEW Centre for Energy Finance (CEEW-CEF) is an initiative of the Council on Energy, Environment and Water (CEEW), one of Asia’s […] Read more
3.5 GW Solar Capacity Added in H1 of 2021 in India, Says Report Updated On Thu, Aug 19th, 2021 by Saurenergy A report by renewable energy research firm JMK Analytics says that India added 3.5 GW of solar capacity in the first six months of the financial year 2022. It places cumulative renewable capacity at 96.95 GW, a figure at variance with government claims of having hit 100 GW. Typically, these differences are accounted for by […] Read more
UP Regulator Eases Power Procurement From Exchanges For Industry Updated On Wed, Aug 18th, 2021 by Saurenergy The Uttar Pradesh Electricity Regulatory Commission, in its recent tariff order dated 29th July 21 for the financial year 2022 has made some key changes that could have a positive impact on the industry as well as renewable energy projects in the state. The regulator announced a reduction of up to 64 paise per unit […] Read more
