Zelestra Closes €132 Mn Financing For Its Gorbea Solar Plant In India Updated On Mon, Sep 23rd, 2024 by Saurenergy Spanish renewable energy firm Zelestra, has closed a €132 million (INR 1472 crores) project financing package for its Gorbea solar photovoltaic plant in India. The financing was signed with HSBC, Credit Agricole, MUFG, and Bank of America. The facility, denominated in Indian Rupees (INR), is designated as green financing under Zelestra’s Green Financing Framework, aligning […] Read more
ICRA Sees FDRE, RTC Projects As Key Drivers Of India’s RE Growth Updated On Mon, Sep 23rd, 2024 by Saurenergy A recent report by the Investment Information and Credit Rating Agency (ICRA) foresees a rise in renewable energy capacity in the next six years in India. It is estimated that the share of renewable energy (RE), plus large hydro, in all-India electricity generation, will increase to over 35% in FY2030 from 21% in FY2024. ICRA […] Read more
Maharashtra Plans Solarizing 32 Police Stations, Issues Tender Updated On Mon, Sep 23rd, 2024 by Saurenergy The Maharashtra Energy Development Agency (MEDA) has issued a tender for the installation of grid-connected solar PV power plants at police stations at Gadchiroli and Bhandara. The proposal comprises setting up 1,095 KW grid-connected solar power system at 32 police stations in Gadchiroli and 7 at Bhandara. This scope of work encompasses an integrated process […] Read more
GK Energy Gears Up for The Solar Pump Boom Updated On Mon, Sep 23rd, 2024 by Saurenergy For Gopal Kabra, founder of the solar pump driven GK Energy, the move into the renewable energy business started with solar water heaters in 2006. Hailing from a business family in Nanded Maharashtra, Kabra completed his education in Pune. Right from the start, he was clear about running his own business. It has been a […] Read more
CEA Approves 2.5 GW Of PSP Projects In Maharashtra Updated On Mon, Sep 23rd, 2024 by Saurenergy The Central Electricity Authority (CEA) has announced concurring two more Pumped Storage Projects (PSPs) in Maharashtra namely-1500 MW Bhavali PSP being developed by JSW Energy Ltd. and 1000 MW Bhivpuri PSP being developed by Tata Power Co. Ltd. These PSPs are concurred with the support of the Central Water Commission (CWC), Geological Survey of India […] Read more
Hindalco Ponders Venture Into Solar Module Manufacturing Updated On Fri, Sep 20th, 2024 by Saurenergy Hindalco Industries Ltd., a member of the Aditya Birla group, is considering manufacturing of solar modules in Gujarat as part of its entry into renewable energy. It is planning the new manufacturing at one of its locations in Gujarat, expanding its involvement in the renewable energy industry. This accompanies the goal for India to grow […] Read more
Powergrid Bags Khavda 7GW RE Transmission Project Updated On Fri, Sep 20th, 2024 by Saurenergy The Powergrid Corporation of India Limited (PGCIL) announced a new renewable energy evacuation project from Khavda in Gujarat. The Central Public Sector Enterprise (CPSE) informed the stakeholders regarding the latest development in its filing before the stock exchange. As per the plan, the company with this project will help in evacuating 7 GW of green […] Read more
Purvah Green, Ecoren Collaborate For 686.85 MW Wind Project Updated On Thu, Sep 19th, 2024 by Saurenergy Today, West Bengal-based Purvah Green Power Private Limited, entered into a binding term sheet with Ecoren Energy India, which is neither a related party nor a part of the promoter or promoter group of the company. This agreement between the CESC subsidiary, Purvah Green Power, and Hyderabad-based Ecoren Energy is undertaken to build a wind […] Read more
Maharashtra To Solarise 272 Govt Schools, Issues Tender Updated On Thu, Sep 19th, 2024 by Saurenergy The Maharashtra government has now planned to solarise 272 Zila Parisad schools in the state. The Maharashtra Energy Development Agency (MEDA) has issued a tender in this regard. Under the plan, the state nodal agency has planned smaller grid-connected rooftop solar projects of 2kW each at these schools. The tender said that with a total […] Read more
