UltraTech Secures $500mn Financing For Sustainability Initiatives Updated On Tue, Aug 27th, 2024 by Saurenergy UltraTech Cement Limited (UltraTech) recently raised $500 million through a sustainability-linked loan, with participation from six banks. Sumitomo Mitsui Banking Corporation (SMBC) acted as the sole Sustainability Coordinator for this transaction and served as the exclusive advisor on UltraTech’s Sustainability-Linked Financing Framework. The primary lenders in the transaction include SMBC, SBI, BNP Paribas, DBS, MUFG, […] Read more
MeyerBurger Drops US Cell Manaufacturing Plans Citing Viability Updated On Tue, Aug 27th, 2024 by Saurenergy In a development that seemed to surprise some, Swiss solar manufacturer Meyer Burger announced on August 26 that it was suspending planned construction of a silicon solar cell production facility in Colorado Springs, Colorado. Meyer Burger cited financial viability as a reason for the decision. The company had first announced plans for a cell factory […] Read more
Khavda Project: GIPCL Issues Bids For Supply Of 500 MW Bifacial Modules Updated On Mon, Aug 26th, 2024 by Saurenergy The Gujarat Industries Power Company Limited (GIPCL) has now issued a tender to supply solar modules for a 500 MW (AC) / 625 MWp solar PV project at the Great Rann of Kutch near Khavda in Gujarat with September 3rd set as the last date of pre-bid queries/ clarifications. GIPCL invited bids to select contractors […] Read more
NTPC Awards JSW Neo 300 MW Of Hybrid Power Projects Updated On Fri, Aug 23rd, 2024 by Saurenergy JSW Neo Energy Limited (JSW Neo), a subsidiary of JSW Energy Limited, received a Letter of Award (LoA) for a 300 MW ISTS-connected Wind-Solar Hybrid Power Project from NTPC Limited. JSW Neo Energy got this project against a tariff-based competitive bid and was invited to set up 1,000 MW ISTS-connected Wind-Solar Hybrid Power Projects (NTPC-Tranche-VI). […] Read more
BC Jindal Group To Enter Renewable Sector With 5 GW Target Updated On Thu, Aug 22nd, 2024 by Saurenergy The Rs 18,000 crore BC Jindal Group, has announced its foray into India’s renewable sector today. The group has announced plans to invest around US $ 2.5 billion in this sector in the next 5 years. The group becomes the latest to make a strong commitment to the sector, attracted by its green credentials as […] Read more
ABB Celebrates 10 GW Automation Milestone For RE Projects In India Updated On Wed, Aug 21st, 2024 by Saurenergy ABB India has surpassed a 10-gigawatt (GW) milestone in delivering its automation solution for renewable energy plants in India. Starting with a 100-MW project about seven years ago, ABB has strengthened its footprint in the renewable energy industry with this milestone, which is a result of over 300 renewable energy projects across India utilizing ABB’s […] Read more
Land & Liaison (General Manager) (m/f/d) Updated On Wed, Aug 21st, 2024 by Saurenergy Role & Responsibilities:- You shall perform following functions including but not limited to: Leading the land acquisition and complete ownership of the acquisition process and meeting required compliances. Identification of various state-wise land facilitators/ aggregators (LF/As) across various states, ranking them basis their resources, past performances and market feedback Preparing RfPs and sharing the same […] Read more
PM Surya Ghar: Technical Glitches Affecting Final Approvals By Discoms Updated On Wed, Aug 21st, 2024 by Saurenergy Technical glitches in the PM Surya Ghar portal continue to frustrate stakeholders across the rooftop solar industry. While initial issues related to consumer applications and document uploads by both consumers and vendors have seen some improvement, discoms (distribution companies) are still grappling with several persistent glitches that disrupt the entire process. Many rooftop solar consumers […] Read more
Lower CUF: MERC Declines ACME’s Plea For Penalty Exemption Updated On Wed, Aug 21st, 2024 by Saurenergy The Maharashtra Electricity Regulatory Commission (MERC), in its latest judgment, declined to grant ACME any relief for its shortfall in meeting the committed Capacity Utilisation Factor (CUF) from its 300 MW solar project at Bhadla in Rajasthan. ACME had signed a Power Purchase Agreement (PPA) with the Maharashtra State Electricity Distribution Co Ltd (MSEDCL) to […] Read more
