NLC India Moving Towards Hybrid RE Projects: Prasanna Kumar, CMD Updated On Tue, Aug 29th, 2023 by Saurenergy Saur: What are the significant works NLCIL undertook in the past few years to boost its renewable portfolio? CMD: NLC India Limited (NLCIL) was an early bird central PSU to venture into the renewable sector. Our first renewable energy project was awarded in 2013 with a 51 MW wind power project. Later, we shifted towards […] Read more
Virtual Power Plants To The Rescue During Peak Demand In San Diego Updated On Tue, Aug 29th, 2023 by Saurenergy As extreme heat records fall across the West (US) and strain the power grid, San Diego Gas & Electric is piloting a new cleantech innovation known as a virtual power plant (a VPP) to reduce energy demand and put electricity back on the grid during peak hours – all through leveraging the capabilities of customer-owned […] Read more
Life Beyond PLI-Top 5 Green Schemes For MSMEs And Startups Updated On Wed, Aug 23rd, 2023 by Saurenergy If you think the Government of India has been focused on large and utility-scale renewable projects, then you are right. The government focus has undoubtedly been on putting in place a large base, be it for solar capacity building or with schemes like the Production-Linked Incentive (PLI), domestic manufacturing that rewards scale. However, for smaller […] Read more
Andhra Pradesh Set to Usher 5,314 MW of Renewable Energy Updated On Wed, Aug 23rd, 2023 by Saurenergy Andhra Pradesh is set to give a major push to renewable energy in the State. Chief Minister YS Jagan Mohan Reddy will lay the foundation for three renewable energy projects boasting an aggregate capacity of 5,314 MW. Greenko, which delves into Pumped Storage Projects will establish a 2,300 MW solar power project at Junuthala village […] Read more
ReNew Energy Q1 Analyst Meet- Focus On Derisking, Valuations Updated On Wed, Aug 23rd, 2023 by Saurenergy On the second anniversary of its NASDAQ listing, ReNew Energy Global had a very positive outlook to share with analysts. Be it the growth in portfolio by almost 3 GW, almost all of it comitted through PPAs, or the drop in average collection period from over 200 to 114 days, or a clear growth path […] Read more
Tata Power Reports 29% Growth In PAT In Q1 YoY Updated On Wed, Aug 9th, 2023 by Saurenergy Tata Power today announced its financial results for Q1 of FY24. The Indian power company reported a 29 percent growth in its consolidated Profit After Tax (PAT). Its net profit stood at Rs 884 crore during Q1 of FY 23, which notched up to Rs 1,141 crore during the Q1 of FY24, registering a 29 […] Read more
The Top 5: Improbable Energy Storage Possibilities Turned into Reality Updated On Wed, Aug 9th, 2023 by Saurenergy The storage for renewable energy in particular has become one of the main talking points in the energy industry across the globe for the sake of transition to a green future. Intermittent energy sources like wind and solar power often lack the ability, or fall short in their capacity, to accommodate postponed usage. Thus, there […] Read more
Tata Power Signs MoU With Maharashtra For 2800 MW of PSP Updated On Wed, Aug 9th, 2023 by Saurenergy Tata Power has signed a Memorandum of Understanding (MoU) with the Maharashtra government to develop Pumped Hydro Storage Projects (PSP) with a combined capacity of 2800 MW. The power firm said these projects will likely see an investment of around Rs 1300 crore. The company shared the information in its latest filing before the Bombay Stock Exchange […] 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
