US Plans To Invest USD 3.8 Billion In India’s RE Infra Updated On Thu, May 23rd, 2024 by Saurenergy US Ambassador Eric Garcetti recently shared International Development Finance Corporation plans to invest USD 3.8 billion to meet India’s renewable energy and infrastructure goals. He said, while addressing an event on ‘Indo-US Space Co-operation’ in Mumbai, he extended support to support renewable energy and infrastructure goals. He underscored the collaboration between the US and India […] Read more
GST Rate Hike: CERC Orders Compensation To Ayana, Adani & Ostro Updated On Mon, May 20th, 2024 by Saurenergy The Central Electricity Regulatory Commission (CERC) in three different cases ordered compensation to three different companies. The central regulator passed the order while hearing the pleas of the three firms related to ‘change of law’ events. These companies included-Ayana Renewable Power One Pvt Ltd, Adani Hybrid Energy Jaisalmer Three Limited and Ostro Kannada Power Pvt […] Read more
ADB Approves $148.5mn To Boost RE, Power Distribution In Sikkim Updated On Fri, May 17th, 2024 by Saurenergy The Asian Development Bank (ADB) has approved a $148.5 million loan to help strengthen, modernize, and climate-proof distribution systems to enhance the reliability, quality, and resilience of electricity supply in Sikkim, India. The scope of work also includes boosting renewable energy systems. Philippines-headquartered ADB will help develop a financial sustainability strategy and a plan to […] Read more
Chitradurga, Bellary Emerge As New RE Hotspots In Karnataka Updated On Thu, May 16th, 2024 by Saurenergy Karnataka is among the leading renewable-rich states in India. It is also touted as one of the earliest adopters of green energy. As per the latest data from the Ministry of New and Renewable Energy (MNRE), Karnataka ranks third in India when it comes to total solar capacities. Till April 2024, the southern Indian state […] Read more
CERC Declines Relief To Adani Subsidiary Over Delay In Bhuj Wind Project Updated On Mon, May 13th, 2024 by Saurenergy The Central Electricity Regulatory Commission (CERC) in its latest judgment declined to give any relief to Adani Wind Energy Kutchh One Limited over its delay in the commissioning of its proposed 250 MW wind energy project. The project was slated to come up at Dayapar village in the Bhuj district of Gujarat. The Adani Group […] Read more
ReNew Contracts 5 PPAs Worth 2.2 GW, 438 MW Corporate PPA Updated On Fri, May 10th, 2024 by Saurenergy Underlining its continued progress with key objectives like a larger portfolio and inroads into the corporate PPA market, ReNew, one of India’s leading renewable energy companies, has announced the signing of five Power Purchase Agreements (PPAs) totaling ~2.2 GW of RE capacity. These significantly expand its fully contracted renewable energy portfolio that now stands at […] Read more
Chief of Unit Resource Mobilisation (P4) Updated On Wed, May 8th, 2024 by Saurenergy Reporting to the Assistant Director-General (Programs) or a designated officer, this role will lead a team of professionals – International and National Officers. The Chief will provide expert advice, develop policies, and lead resource mobilization and fund-raising efforts. S/he will lead the financing, and capital/investment flows that will meet ISA’s mandates in implementing solar projects/initiatives. […] Read more
India Issued 69GW+ Renewable Tenders In FY24, Says IEEFA Report Updated On Mon, May 6th, 2024 by Saurenergy The Institute of Energy Economics and Financial Analysis (IEEFA) in its latest report indicated a record 69+ Gigawatt (GW) of renewable energy tenders in India in 2023-24. This is against the Indian government’s own annual target of 50 GW. The global energy think tank attributed this to the strong push from the Union government at […] Read more
CERC Terms SC Order On GIB As ‘Change Of Law’, Awards Compensation To Azure Updated On Mon, May 6th, 2024 by Saurenergy The Central Electricity Regulatory Commission (CERC) in a significant judgment termed the 2021 Supreme Court order on the Great Indian Bustards (GIB) as a ‘Change of Law’ event. It also granted compensation to Azure Power Maple Private Limited on account of its alleged additional expenditures. The case came to light after the petitioner Azure Power […] Read more
