With $500 million of Production Tax Credits, 600 MW Solar Project Moves Ahead In US Updated On Thu, Feb 1st, 2024 by Saurenergy Vesper Energy, a developer, owner, and operator of utility-scale renewable energy assets, has announced the closing of financing for its Hornet Solar project. The asset will deliver renewable energy to communities throughout Texas, provide grid stability, and mitigate price volatility in Electric Reliability Council of Texas (ERCOT) which provides power to the grid in the […] Read more
BUDGET: Solar Industry Wants Funds For RTS, Lower GST On Equipment Updated On Thu, Feb 1st, 2024 by Saurenergy As Union Finance Minister Nirmala Sitharaman is all set to announce the Union Budget today in Lok Sabha, the solar industry is anticipating several announcements for the sector. Several industry experts anticipate announcements that could support the industry. However, most of the solar industry experts who spoke on the issue talked about reduced taxes for […] Read more
Suzlon Q3 Results: Net Profits, EBITDA See A Hike On YoY Basis Updated On Wed, Jan 31st, 2024 by Saurenergy Indian Wind Turbine manufacturer Suzlon announced its financial results for Q3 for FY24. The Pune-based firm reported a 160 percent rise in its net profit in Q3 on a Year-on-Year (YoY) basis. In its filing before the Bombay Stock Exchange (BSE), the publicly listed company reported that its net Profit After Tax (PAT) reached Rs […] Read more
ADB Issues its Largest Local Currency Green Bond in Indian Rupees Updated On Wed, Jan 31st, 2024 by Saurenergy The Asian Development Bank (ADB) has raised 12.5 billion Indian rupees (about $150 million) through its largest local currency green bond issue to date. The issue is structured as a 4-year currency-linked bond, with a bullet repayment at maturity and carrying a fixed interest rate of 6.72% per year, ADB said in a media release […] Read more
Karnataka Proposes Peer-To-Peer Energy Trading, Issues Draft Norms Updated On Wed, Jan 31st, 2024 by Saurenergy A latest draft notification released by the Karnataka Energy Regulatory Commission (KERC) proposed Peer-to-Peer (P2P) system for energy transaction, through block chain-based platform between consumers and the discoms. The notification stated, “The regulation is applicable to all the distribution licensees and eligible consumers of the state of Karnataka.” It defined blockchain as, “A digitally distributed […] Read more
Railways Awards Contracts To 6 Firms For Its 750MW RE Project Updated On Wed, Jan 31st, 2024 by Saurenergy The Indian Railways has chosen six renewable energy companies to develop 750 MW of Round-The-Clock (RTC) renewable power. This comes after it released a tender earlier last year seeking developers. The Railway Energy Management Company Limited (REMCL) floated the tender. REMCL is a joint venture of the Indian Railways and RITES Ltd. As per the […] Read more
L&T Construction To Build 1800MW Solar Plant in Dubai Updated On Wed, Jan 31st, 2024 by Saurenergy India-based technology and construction company Larsen & Toubro Power Transmission & Distribution business’ Renewable EPC arm has been given the turnkey Engineering, Procurement, and Construction contract to establish an 1800 MWac Solar Photovoltaic Plant in Dubai, United Arab Emirates. The project is the sixth phase of the Mohammed bin Rashid Al Maktoum Solar Park, Dubai, […] Read more
TagEnergy, Vestas Join Forces To Develop 220-MW Spanish Wind Portfolio Updated On Wed, Jan 31st, 2024 by Saurenergy Global clean energy enterprise TagEnergy and wind energy major Vestas have come together to develop 220-MW wind portfolio in Spain. The joint venture will see Vestas acting as lead developer and TagEnergy will draw on its experience developing wind farms to determine and shape the most cost-efficient model. The new wind energy project will come […] Read more
DRE, Mini-Grids Can Aid In The Growth Of E-Cooking In India: CSE Report Updated On Wed, Jan 31st, 2024 by Saurenergy A latest report from the Centre For Science and Environment (CSE) recommended the phasing out of LPG cylinders, used primarily for cooking in India. The CSE researcher advocated for boosting electric cooking (e-cooking) instead. The report also talked about the main challenges in rolling out large-scale adoption of e-cooking in India and the likely solutions […] Read more
