Sterlite Power Mulls Over Investment of Rs 50,000 Crore in RE in Karnataka Updated On Fri, Nov 4th, 2022 by Saurenergy Pratik Agarwal, Managing Director, Sterlite Power, has revealed that his company will invest Rs 50,000 crore in renewable energy in the state of Karnataka. Speaking at the Global Investors’ Meet, Pratik Agarwal held, “Over the next five years, we plan to increase the renewable capacity by 10-fold and invest close to Rs 50,000 crore into […] Read more
SECI Invites RFS for 1200 MW ISTS-Connected Hybrid Power Projects Updated On Fri, Nov 4th, 2022 by Saurenergy Solar Energy Corporation of India Limited (SECI) has invited a request for selection (RfS for 1200 MW) for setting up 1200 MW ISTS-connected wind-solar hybrid power projects along with an energy storage system (ESS), with the primary objective of supplying wind-solar hybrid Power to SECI. The last date for submitting the online bid is December […] Read more
After Promising Start, Karnataka Increases GIM Investment Plans Updated On Thu, Nov 3rd, 2022 by Saurenergy After the Global Investors’ Summit got off to a strong start, Karnataka increased its fundraising target by Rs 2.5 lakh crore to Rs 7.5 lakh crore, according to Union Finance Minister Nirmala Sitharaman. “When this global meeting was first being arranged, their initial expectations and goals were in the neighborhood of 5 lakh crore. Now […] Read more
Tata Power Signals Strong EPC Recovery In Renewables At Q2 Analyst Meet Updated On Wed, Nov 2nd, 2022 by Saurenergy For Tata Power Limited, the FY 23 Q2 results have been a time to cheer, with record revenues and profits for the quarter. Total revenues at Rs 14, 163 crores were almost 50% higher than revenues in the corresponding quarter last year. Net profits came in even higher, up 85% at Rs 884 crores, versus […] Read more
Germany’s Svevind to Develop 20 GW Green Hydrogen Project in Kazakhstan Updated On Wed, Nov 2nd, 2022 by Saurenergy Just as the European Union toils for renewable energy expansion and possible import of clean energy, German renewable energy player Svevind Energy Group looks to invest a massive $50 billion for the development of a 20 GW green hydrogen project in Kazakhstan, for which an agreement has been signed between Svevind and the Kazakh Government. […] Read more
MNRE Appoints REC GM to The Position of Director (Finance) at IREDA Updated On Tue, Nov 1st, 2022 by Saurenergy In a formal announcement made recently, Bijay Kr Mohanty has been chosen for the job of Director (Finance) at IREDA by a Search-cum-Selection Committee established by the Ministry of New and Renewable Energy (MNRE). Following an interview, the committee selected Mohanty from a list of four shortlisted candidates. Ajay Mathur, Chief GM, REC Ltd, Gurugram; […] Read more
ACWA Power, EBRD sign pact for Renewable Energy Infra Projects Updated On Tue, Nov 1st, 2022 by Saurenergy Key Saudi Arabian power generator and RE player ACWA Power Company has announced that it has signed a Memorandum of Understanding to finance sustainable infrastructure projects with the European Bank for Reconstruction and Development (EBRD). The pact was announced on the side lines of the Future Investment Initiative Forum, which took place in Riyadh. The […] Read more
Masdar Opens New Office in Saudi Arabia With Focus On Renewable Projects Updated On Mon, Oct 31st, 2022 by Saurenergy Renewable energy major Masdar had opened a new dedicated office in the Saudi Arabia to strengthen its support for the Kingdom’s clean energy objectives. Masdar will also participate with partners in the upcoming Round 4 tender announced by the Saudi Power Procurement Co. (SPPC) for wind and solar projects with a combined capacity of 3.3 […] Read more
Norwegian Firm Equinor’s RE Unit Reports Losses in Q3 2022; Net Operating Loss at US$56m Updated On Fri, Oct 28th, 2022 by Saurenergy Government-owned Norwegian firm Equinor has shared that it is witnessing expanding losses from its renewables unit. The losses have been reported in the third quarter 2022 as against the corresponding quarter last year. The renewables arm of Equinor recorded a net operating loss of US$56m in the quarter- more than twice the figure in the […] Read more
