NTPC-VVN Invites Bids For 250 MW/500MWh Standalone BESS Project Updated On Fri, Jun 21st, 2024 by Saurenergy NTPC Vidyut Vyapar Nigam Limited (NTPC-VVN), a Central Public Center Enterprise released a tender inviting bids for setting up 250 MW/500MWh Standalone Battery Energy Storage Systems (BESS) in India. NTPC VVN invited bids for the selection of battery energy storage system (BESS) developers for setting up 500 MWh (250 MW x 2 hrs) standalone Battery […] Read more
Cabinet Approves Viability Gap Funding For Offshore Wind Updated On Thu, Jun 20th, 2024 by Saurenergy The Indian Union Cabinet chaired by Prime Minister Narendra Modi recently approved the Viability Gap Funding (VGF) scheme for offshore wind energy projects. The total outlay of the scheme stood at Rs 7,453 crore. The fund included an outlay of Rs 6,853 crore for the installation and commissioning of 1 GW of offshore wind energy […] Read more
Investments In Renewables, Realty To Rise To Rs 15 Lakh Cr In Next Fiscals: CRISIL Updated On Tue, Jun 18th, 2024 by Saurenergy Investments in India’s key infrastructure sectors — renewable energy and roads – and real estate are expected to grow 38% in fiscals 2025 and 2026 compared with the previous two fiscals to Rs 15 lakh crore, according to the latest report by CRISIL. The surge will ride on India’s need for creation of sustainable infrastructure […] Read more
SECI Awards 1200 MW Hybrid Project With A Tariff Of Rs 3.43/Unit Updated On Sat, Jun 15th, 2024 by Saurenergy The Solar Energy Corporation of India (SECI) has now awarded the contracts for its earlier issued tender for 1200 MW to six project developers. The proposed tender was meant to develop the wind-hybrid renewable projects in India for Inter-State Transmission System (ISTS). With the announcements of the results, SECI was able to get a tariff […] Read more
Repsol Signs RE Purchase Agreement with Microsoft Updated On Wed, Jun 12th, 2024 by Saurenergy Repsol will supply Microsoft renewable electricity after reaching an agreement for a combined six long-term virtual power purchase agreements (VPPAs). These 12-year supply agreements are linked to three wind farms and three solar plants in Spain with a total installed capacity of 230 MW that will be operational by December 2025. This deal adds to existing power […] Read more
Radiance Renewables & PIDG Form JV For RE Growth In India Updated On Tue, Jun 11th, 2024 by Saurenergy Radiance Renewables and the Private Infrastructure Development Group (PIDG) company, InfraCo Asia, announced a joint venture (JV) – Radiance InfraCo Renewables Private Limited. The JV will develop a portfolio of greenfield renewable energy projects for C&I clients in India, enabling them to reduce carbon emissions in their supply chain and operations to meet their sustainability […] Read more
Green Financing A Boon For Clean Transmission Projects: Sharib Razi Updated On Fri, May 31st, 2024 by Saurenergy What are the challenges faced by the grid, when it comes to a higher share of renewable energy? Razi: There are two major challenges with increasing share of renewables in the grid. Firstly, due to the intermittent nature of renewable energy, the peak generation of solar or wind does not coincide with the peak load […] Read more
US Releases New Rule To Incentivise Clean Energy Production Under IRA Updated On Thu, May 30th, 2024 by Saurenergy The US Department of the Treasury and Internal Revenue Service (IRS) released proposed guidance on the Clean Electricity Production Credit and Clean Electricity Investment Credit under the Inflation Reduction Act (IRA). This guideline was established by President Biden’s Inflation Reduction Act (IRA), to provide clarity to developers of clean electricity projects. This guidance is expected […] Read more
5 Interesting Green Ventures That Have the US’s DOE Backing Them Updated On Thu, May 30th, 2024 by Saurenergy There’s a lot of promising green energy startups and concepts out there that end up getting shuttered because of a lack of funding. Whether the lack is because they failed to raise publicity or their ideas being too ahead for their time, there are a multitude of reasons as to why a perfectly good idea […] Read more
