IREDA Plans Office in Gujarat’s GIFT City for Foreign Currency Funding of Renewables Updated On Fri, Feb 24th, 2023 by Saurenergy The Indian Renewable Energy Development Agency Ltd (IREDA) is planning to establish an office in Gujarat’s GIFT City to finance renewable energy projects in foreign currency. The office at GIFT City, Gandhinagar, will be classified as an overseas office, allowing the IREDA to avoid foreign exchange hedging cost. Pradip Kumar Das, Chairman and Managing Director […] Read more
Michigan-Headquartered ONE Introduces ‘Aries Grid’ Renewable Energy Storage Updated On Fri, Feb 24th, 2023 by Saurenergy Michigan-headquartered Our Next Energy (ONE) has launched Aries Grid, a lithium iron phosphate (LFP) utility-scale battery system that can serve as long-duration energy storage. ONE said that Aries Grid will be manufactured in America and it represents a milestone achievement in efforts to scale-up investments in renewable energy infrastructure and grid reliability. “Energy storage is […] Read more
American DISCOM AEP to Sell Over 1.3 GW of Renewable Portfolio Updated On Thu, Feb 23rd, 2023 by Saurenergy Just as America is expanding the renewable power to spearhead the global drive to combat climate change, Columbus based American Electric Power (AEP) has entered into an agreement to sell its 1,365-megawatt (MW) unregulated, contracted renewables portfolio to IRG Acquisition Holdings at an enterprise value of $1.5 billion including project debt. IRG Acquisition Holdings is […] Read more
The 5 Questions 2023 Could Answer for Renewable Energy in India Updated On Tue, Feb 21st, 2023 by Saurenergy India has over 174 GW of installed renewable capacity, including large hydropower at the conclusion of December 31, 2022. Solar power constituted the largest share of about 64 GW of the total. Wind power (41.9 GW), large hydro (46.85 GW), biomass/co-generation (10.2 GW), small hydro power (4.93 GW), and waste to energy with 0.52 GW […] Read more
India Will Blacklist Renewable Energy Companies for Missing Deadlines Updated On Fri, Feb 17th, 2023 by Saurenergy The Union Ministry of New and Renewable Energy (MNRE) has issued an order which says that renewable energy firms could be blacklisted in case they fail to meet deadlines to complete renewable energy projects. The order states that the blacklisting will be for a period of three to five years. India has introduced blacklisting of […] Read more
India’s Renewable Energy Installation Stands at 168 GW, Coal-Based Power Grows 536 MW in a Year Updated On Thu, Feb 16th, 2023 by Saurenergy Central Electricity Authority has revealed in its installed electricity capacity report that the renewable energy capacity of the country has crossed 168 GW but the speed of the RE expansion doesn’t give out a comfortable picture considering India’s 2030 targets. The RE installed capacity of India as on January 31, 2023 stands at 168,399 MW. […] Read more
EDF Renewables Acquires 10 GW Floating Offshore Wind Farm in Australia Updated On Thu, Feb 16th, 2023 by Saurenergy A wholly-owned subsidiary of French utility EDF Group, EDF Renewables in Australia has announced the acquisition of the 10 GW Newcastle floating offshore wind farm located in Australia. The project, which is currently in the works in proximity to the Port of Newcastle and energy transmission networks, is slated for the Hunter‐Central Coast Renewable Energy […] Read more
Borosil Renewables FY23 Q3 Results- Sales Stagnate, Third Furnace Goes Online Updated On Tue, Feb 14th, 2023 by Saurenergy Read more
Renewable Energy Leads In Investor Interest In UP Global Investor Summit Updated On Tue, Feb 14th, 2023 by Saurenergy After the announcement by Reliance CMD Mukesh Ambani about investing Rs 75,000 crores in UP over the next 4 years, the summit has ended with renewable energy garnering possibly the highest commitments by value. State Investor summits usually measure their success by the value of MoUs signed, or in this case LOIs or Letter of […] Read more
