Lower Auction Volumes, Supply Chain Challenges May Slowdown 20% of India’s PV Capacity Additions in ’23: IEA Updated On Tue, Aug 8th, 2023 by Saurenergy The IEA (International Energy Agency), in its latest study, “Renewable Energy Market Update 2023 & 2024” has offered significant insights on worldwide markets in the renewable segment. The revelations of the report are as follows- Global Renewable Capacity Additions As per the report, the global renewable capacity additions are set to soar by 107 gigawatts […] Read more
Spain’s Acciona to Establish New Wind Farm of 330 MW Capacity in Victoria Updated On Tue, Aug 8th, 2023 by Saurenergy Spanish firm that delves into the development and management of infrastructure and renewable energy Acciona Energia has set sights on setting up a new 330 MW wind farm, which will come up in regional Nyaninuk, Victoria. The proposal looks at constructing 58 wind turbines. These would generate 330 MW of renewable energy in regions of […] Read more
C&I Segment: Group Captive Mode to Drive Installations in FY24-FY25-CareEdge Ratings Updated On Mon, Aug 7th, 2023 by Saurenergy A new report from CARE Ratings predicts sunny times for solar power through Group captive mode in India’s C&I segment. Commercial & Industrial (C&I) consumers in India have the option to purchase power either through a third-party power plant or through a captive/group captive power plant besides procuring power from the designated utility in their region. […] Read more
Tongwei Becomes First Chinese PV Maker in Fortune 500 List Updated On Mon, Aug 7th, 2023 by Saurenergy China’s Tongwei Group, a powerhouse in the solar manufacturing space made its debut on the Fortune 500 list of 2023 with a revenue of CNY 2148.82 billion and ranked 476th, becoming the first photovoltaic company in the world to enter the Fortune Global 500. At the same time, Tongwei Group ranked 34th on the Return on […] Read more
Waaree Energies Raises INR 1000 Crore in Second Round of Funding Led by ValueQuest Updated On Mon, Aug 7th, 2023 by Saurenergy Waaree Energies Limited (WEL), India’s largest solar module maker right now, has successfully raised a round of equity funding, amounting to approximately INR 1000 crore. The investment round was led by ValueQuest, an investment focused on sustainable and progressive ventures. Waaree Energies Ltd. had earlier raised a primary round of ~INR 1040 crore from a […] Read more
NTPC Gung Ho On Renewables Targets, Sees Bigger Opportunities Open Up Updated On Mon, Aug 7th, 2023 by Saurenergy National Power Utility NTPC Limited has been in the news for all the right reasons recently. A soaring stock price has been driven by rising power demand, which has meant higher utilisation of NTPC’s coal power fleet, even as NTPC itself has extracted almost 65% higher coal during the year gone by. That, plus a […] Read more
A Case For Green Financing For More Transmission Infrastructure Updated On Fri, Aug 4th, 2023 by Saurenergy In a provocative blog on the importance of the transmission sector and its role in the energy transition, two world bank staffers make the case for expanding the definition of green projects when it comes to transmission projects, to ensure faster adaption of these vital infrastructure to handle green energy projects. The article comes at […] Read more
Sterling and Wilson Renewable Energy Continues Its Revival With Big Order Wins Updated On Fri, Aug 4th, 2023 by Saurenergy Sterling and Wilson Renewable Energy Limited (SWRE or SWSOLAR) the leading renewable EPC, announced that it has won orders worth INR 826 crore in the first four months of FY 2023-24. The orders aggregate to around 1 GWp and include projects in Rajasthan, Uttar Pradesh and Gujarat. Scope of work for all projects include design, […] Read more
Chintan Shah Joins NSEFI’s Advocacy For India’s Energy Transition Updated On Fri, Aug 4th, 2023 by Saurenergy Renewable Industry Veteran Chintan Shah joins National Solar Energy Federation of India (NSEFI) as Principal Advisor and will be playing a key role in organization’s advocacy efforts to accelerate India’s Energy Transition. Shah is bringing extensive expertise spanning three decades in various key roles within India’s Renewable Energy sector. He has demonstrated proficiency in Solar, […] Read more
