CleanMax Announces Financing For Onsite Solar Projects in UAE Updated On Wed, Jan 22nd, 2025 by Saurenergy Renewable energy company CleanMax today announced that it will obtain AED 99 Million (USD 27 Million) long-term credit facility from HSBC to develop and finance its onsite solar portfolio in the UAE. Cleanmax is a renewable energy provider for the Commercial and Industrial (C&I) sector and a Brookfield-backed company. The facility will cover 92 onsite […] Read more
India To Add 25 GW Of Solar Capacity By FY25 End: Ind-Ra Updated On Wed, Jan 22nd, 2025 by Saurenergy India Ratings and Research (Ind-Ra), a research organization in its latest report maintains a stable rating outlook for energy infrastructure projects for FY26. Four major factors drive this outlook: India’s economic growth, a sustained energy transition with renewables gaining a higher share in installed capacity and generation, a strong pipeline of capacity additions (both renewable […] Read more
NTPC Floats JV To Boost Solar Projects In Sri Lanka Updated On Tue, Jan 21st, 2025 by Saurenergy Indian power behemoth National Thermal Power Corporation (NTPC) recently formed a joint venture with the Ceylon Electricity Board (CEB) and Trincomalee Power Company Limited (TPCL). It’s a 50:50 joint venture (JV) company NTPC-CEB is registered in Sri Lanka. It aims to develop a 50 MW solar project, expandable to 120 MW, in Sampoor, Trincomalee, Sri […] Read more
Rajasthan: Adani Energy Wins Rs. 25,000cr Transmission Project Updated On Tue, Jan 21st, 2025 by Saurenergy Adani Energy Solutions Ltd (AESL) is a private transmission and distribution won a ₹25,000 crore order. The company is part of Adani’s diversified portfolio. It recently secured orders for Bhadla (Rajasthan)-Fatehpur (Uttar Pradesh) HVDC (High Voltage Direct Current). Adani got this order from REC Power Development & Consultancy Ltd (RECPDCL). Adani Energy Solutions stated in […] Read more
Trump Entry, Chinese New Year To Mark A Turning Point On Solar Prices? Updated On Tue, Jan 21st, 2025 by Saurenergy As the Chinese New Year holidays start on Jan 29, like always, the country is already preparing for the massive national holiday, which will run into the first week of February. For the Chinese solar sector, and by extension, a large part of the global solar sector, it is the post-holiday changes that will be […] Read more
NHPC Issues Tranche-I 125 MW/500 MWh BESS Tender In Kerala Updated On Mon, Jan 20th, 2025 by Saurenergy NHPC has released a tender to build a battery energy storage system (BESS) to select developers for setting up 125 MW / 500 MWh (InSTS) connected standalone BESS (NHPC-Tranche-I-BESS). The project would be located in Kerala with viability gap funding (VGF) support (2024-25). NHPC has sought bids until February 21, 2025. The NHPC tender explained, […] Read more
First Made-in-US Solar Plant Set To Power Google Data Centers Updated On Fri, Jan 17th, 2025 by Saurenergy Made-in-US solar plants are now all set to power the Google data centers, the US Energy Department, under its policy office said in one of its latest blogs. The office said that this will boost the local economy and the American manufacturing industry in the country. US Office of Policy calls it one of the […] Read more
SECI Plans To Build Floating Solar With BESS Project In Lakshadweep Updated On Fri, Jan 17th, 2025 by Saurenergy Lakshadweep, the island union territory in India, is exploring floating solar options to meet its energy requirements. One of the leading Renewable Energy Implementing Agencies (REIAs), Solar Energy Corporation of India (SECI), intends to develop a floating solar project on the island. To give impetus to this goal, SECI recently released a Notice Inviting Tender […] Read more
Non-Utility Share Of Over 25% Stood Out In 2024 In India: SBI Caps Updated On Thu, Jan 16th, 2025 by Saurenergy Investment bank SBI Capital Markets (SBI CAPS), in a report on non-utility solar in India, has hailed 2024 as the year when non-utility solar finally crossed the 25% threshold in India. Declining module and EPC costs, coupled with cheaper cells expanding off-grid potential, facilitate solar adoption. Non-utility solar is poised for significant growth, with annual […] Read more
