Union Budget Raises Combined Expenditure of IREDA and SECI by 143% Updated On Fri, Feb 4th, 2022 by Saurenergy The 2022 Union Budget has increased the expenditure budget of the two of its premiere agencies that are mandated with enabling a thriving renewable sector – Renewable Energy Development Agency (IREDA) and Solar Energy Corporation of India (SECI). The budget for the two central firms has been proposed to be raised by a whopping 143 […] Read more
With Green Bonds in Budget’22, RE Financing Grows in India: IEEFA Updated On Thu, Feb 3rd, 2022 by Saurenergy As India’s renewable energy sector growth continues to outpace all other global economies, the Budget announcement on issuing green bonds – which are among the most widely used instruments for funding green infrastructure – will massively support this trajectory, finds a new report out by the Institute for Energy Economics and Financial Analysis (IEEFA). The union […] Read more
ReNew Announces $250 Million Share Buyback and Preliminary Results for Q3 FY’22 Updated On Thu, Feb 3rd, 2022 by Saurenergy Nasdaq listed ReNew Energy Global plc has announced that its Board of Directors has authorized a new $250 million share repurchase program to buy back Class A Ordinary Shares (“Share Repurchase Program”) in the capital of the Company. In addition, the Company is providing updates on certain financial metrics for the quarter and nine months ended December 31, […] Read more
Centre of Excellence for Renewable Energy in IIT Jodhpur Updated On Wed, Feb 2nd, 2022 by Saurenergy A new ‘Centre of Excellence for Renewable Energy’ has been launched in IIT Jodhpur ’s Technology Park. The new initiative is in association with the Rajasthan Solar Association (RSA) which signed a Memorandum of Understanding with the IIT. The new association of the RSA with IIT Jodhpur will pave the way for the Technology Park […] Read more
Sungrow Gets a Role At The 2022 Beijing Winter Olympics Updated On Sat, Jan 29th, 2022 by Saurenergy Sungrow, the leading inverter solution supplier for renewables, has announced that the Company supplied string inverter solutions to the PV plant installed on the rooftop of the National Speed Skating Oval (known as “The Ice Ribbon”) in Beijing. The venue will host speed skating during the upcoming 2022 Winter Olympic Games. This marks a significant […] Read more
EverSource Closes India’s Largest Climate Impact Fund at US$ 741 million Updated On Tue, Jan 18th, 2022 by Saurenergy EverSource Capital (EverSource) has completed the final close of India’s largest climate impact fund, Green Growth Equity Fund (the Fund), at US$ 741 million, making GGEF one of the largest single-country funds focused on Climate change, Mitigation and Adaptation in the emerging markets. EverSource is investing to combat climate change by focusing on the decarbonization of energy and resource […] Read more
Impax Partners with Bullfinch Asset to Invest in RE Projects in Germany Updated On Wed, Jan 12th, 2022 by Saurenergy Impax Asset Management has partnered with Bullfinch Asset to invest in decentralised clean energy projects in Germany. Impax said a fund it manages has become a shareholder in Bullfinch and has partnered with it to establish Greenfinch, the joint investment vehicle which will deploy capital in projects that enable locally generated energy and support decarbonisation […] Read more
World’s ‘Largest’ Mfg Plant For BIPV Modules Commissioned in China Updated On Tue, Jan 11th, 2022 by Saurenergy BIPV solar technology company Sunman Energy has brought online in China what it claims to be the world’s ‘largest’ production facility for lightweight solar PV modules for BIPV (Building integrated PV) applications with 1 GW capacity, TaiyangNews has reported. The production line has come online in YangZhong city of Jiangsu province in China and was recently […] Read more
Curbs On Banking Of Power Risks Hurting Renewable Producers Updated On Wed, Dec 22nd, 2021 by Saurenergy A briefing note by the Institute for Energy Economics and Financial Analysis (IEEFA) and JMK Research asserts that new restrictions on banking of power will inhibit the growth of the rooftop and open-access solar market. This would have a wide ranging impact on India’s national target of 500 gigawatts (GW) of installed renewable capacity by […] Read more
