ONGC Signs MoU With NTPC Owned NGEL For Renewable Push Updated On Thu, Sep 28th, 2023 by Saurenergy NTPC Green Energy Limited (NGEL), a wholly-owned subsidiary of NTPC, and ONGC have signed an MoU on September 27 to realise the development of renewable energy and offshore wind power in line with India’s commitments on Energy Transition. The MoU was signed by Mohit Bhargava, CEO, NGEL and Deb Adhikari ED- JV and BD, ONGC […] Read more
Clean Energy Investments Have Surged In India: IEA Report Updated On Wed, Sep 27th, 2023 by Saurenergy The International Energy Agency (IEA) has recently released a document on the roadmap for the Net Zero plans. The report indicates the role of government policies in bringing improvement in solar PV. The report emphasizes that the clean energy investment today is dominated by the advanced economies and China. As per the report, large economies such as India […] Read more
Serentica Renewables Gets Capital Infusion of INR 3000 Cr from REC Updated On Mon, Sep 25th, 2023 by Saurenergy Serentica Renewables, a C&I focused renewable energy developer in India, has announced the completion of INR 3000 crores of debt funding from REC Limited – one of India’s largest power sector lenders. REC’s support is expected to assist Serentica in developing its hybrid renewable energy projects coming up in Karnataka. The company is setting up […] Read more
RWE Decides To Build 35-MW Battery Storage For Biomass Plant Updated On Fri, Sep 22nd, 2023 by Saurenergy RWE has announced its final investment decision to build a Dutch battery storage project with an installed power capacity of 35 MW and a storage capacity of 41 MWh. A total of 110 lithium-ion battery racks will be installed at RWE’s biomass plant in Eemshaven on an area of around 3,000 square metres. RWE plans […] Read more
Shanghai Electric Firm Secures RMB400 Million Towards Energy Storage Business Updated On Thu, Sep 21st, 2023 by Saurenergy Shanghai Electric Energy Storage Technology, the energy storage subsidiary of Shanghai Electric has announced that it has received RMB400 million in Series A financing that will be used to inject added vitality into the development of its energy storage business. Shanghai Electric will focus on promoting the research and development of new systems, promoting its […] Read more
India’s Renewable Capacity Addition In Aug ’23 Drops 38% Updated On Mon, Sep 18th, 2023 by Saurenergy The Central Electricity Authority (CEA) has now issued the monthly installed capacity report for the month of August 2023. As per the details furnished by the government entity, India added a total of 628 Megawatt (MW) of renewable capacity during the month. It was possible due to the addition of solar power, wind power and biomass/cogeneration capacities. […] Read more
REC Limited Funding Push Continues With Deals For Serentica, GreenKo Updated On Mon, Sep 18th, 2023 by Saurenergy REC Limited, a Maharatna PSE and the subsidiary firm of Power Finance Corporation is among the key govt.owned NBFCs mandated for enabling national goals. The firm has been very active of late. REC had hosted the Green Finance Summit in July 2023 on the side lines of G20, where one-on-one discussions with RE developers were […] Read more
Large RE Market A Boon For India: Anadi Iyer, India Director, Fraunhofer Updated On Fri, Sep 15th, 2023 by Saurenergy How is Fraunhofer’s helping the renewable energy sector in India? Fraunhofer works around science and engineering, whether it is renewable energy, production technologies, material science, smart cities, smart manufacturing, and artificial intelligence, etc. We can make solar cell battery storage systems of high quality. We are also working on several technologies simultaneously, like thins cells. […] Read more
SECI’s Hybrid Projects Set To Offer Green Power At Rs 2.53/Unit Updated On Thu, Sep 14th, 2023 by Saurenergy India is all set to get renewable power from upcoming 1,170 MW solar-hybrid projects at Rs 2.53 per unit. These Inter-State Transmission System (ISTS) projects are situated in states like Rajasthan, Karnataka and Gujarat. These projects are set to be commissioned by next year. These projects were part of the Solar Energy Corporation of India […] Read more
