Union Budget Raises Combined Expenditure of IREDA and SECI by 143% Updated On Fri, Feb 4th, 2022 by Saurenergy The 2022 Union Budget has increased the expenditure budget of the two of its premiere agencies that are mandated with enabling a thriving renewable sector – Renewable Energy Development Agency (IREDA) and Solar Energy Corporation of India (SECI). The budget for the two central firms has been proposed to be raised by a whopping 143 […] Read more
Supply Chain Plus BCD Claims First Big Casualty, As Scatec, ACME Pause 900 MW Project Updated On Thu, Feb 3rd, 2022 by Saurenergy Supply chain bottlenecks and infrastructural gaps are hurting the renewables sector of the country badly. In a fresh development, Norway’s leading solar player Scatec and India’s ACME have declared that they are pausing their 900 MW solar power project in India for the moment. The project was worth $400 million and was coming up in […] Read more
With Green Bonds in Budget’22, RE Financing Grows in India: IEEFA Updated On Thu, Feb 3rd, 2022 by Saurenergy As India’s renewable energy sector growth continues to outpace all other global economies, the Budget announcement on issuing green bonds – which are among the most widely used instruments for funding green infrastructure – will massively support this trajectory, finds a new report out by the Institute for Energy Economics and Financial Analysis (IEEFA). The union […] Read more
RE Expansion Need Not Hinder Conservation Efforts, finds Study Updated On Wed, Feb 2nd, 2022 by Saurenergy A study led by the University of Southampton has found that the expansion of renewable energy (RE) production sites in the future won’t necessarily be a threat to protected areas of land. Researchers from Southampton studied if expanding land use requirements for wind and solar infrastructure would impact the ability to preserve biodiversity. They used […] Read more
Centre of Excellence for Renewable Energy in IIT Jodhpur Updated On Wed, Feb 2nd, 2022 by Saurenergy A new ‘Centre of Excellence for Renewable Energy’ has been launched in IIT Jodhpur ’s Technology Park. The new initiative is in association with the Rajasthan Solar Association (RSA) which signed a Memorandum of Understanding with the IIT. The new association of the RSA with IIT Jodhpur will pave the way for the Technology Park […] Read more
Budget 2022. Domestic Manufacturers Smile, Rest Stay With Wait And Watch Updated On Tue, Feb 1st, 2022 by Saurenergy Finance Minister Nirmala Sitharaman’s Budget 2022 announcements for the renewable sector might have seemed relatively few beyond the key announcement of an additional Rs 19500 crore the PLI scheme, but industry players have focused on the many positives beyond that. Vineet Mittal, Chairman, Avaada Group, besides highlighting the PLI move and the announcement of green […] Read more
Highlights from Economic Survey for RE Sector in 2021 Updated On Tue, Feb 1st, 2022 by Saurenergy The Economic Survey, which receded the annual budget of the government, is a widely anticipated document, seen more as a sort of white paper on what the government of the day considers its key achievements, and indications of the way ahead. To that extent, the latest Economic Survey document, all 442 pages of it in […] Read more
2020 Champion, Vietnam Offers a Cautionary Tale On Renewable Growth Updated On Fri, Jan 28th, 2022 by Saurenergy Just when Vietnam has emerged on the global map as a ‘solar hotspot,’ after a stupendous 2020, the government has declared that no solar energy will be added in 2022 as the grid system is failing to accommodate the solar power produced. Vietnam may not repeat the success of yesteryears but there is credible evidence […] Read more
SECI Gets Rs 1000 Cr Infusion To Expand Investments Updated On Fri, Jan 28th, 2022 by Saurenergy The Solar Energy Corporation of India (SECI) has received an infusion of Rs 1000 crores from the Government of India to strengthen its balance sheet and undertake further investments in the renewable sector. As the key nodal agency for the sector, SECI plays an instrumental role in the tendering and award of renewable contracts across […] Read more
