Norfund Pumps Repeat Investment into Fourth Partner Energy for ₹350 Cr Updated On Fri, Aug 11th, 2023 by Saurenergy Norwegian Investment Fund for developing countries – Norfund today announced a fresh investment of ₹350 Cr into renewable energy solutions platform, Fourth Partner Energy (4PEL). This is the second round of equity infusion by Norfund into 4PEL, following its $100 Mn investment in June 2021. Speaking about this development, Anders Blom, Vice President at Norfund […] Read more
SECI Projects Account For 18% of India’s Solar Capacity: Govt Updated On Fri, Aug 11th, 2023 by Saurenergy The Ministry of New and Renewable Energy (MNRE) claimed that 18.3 percent of India’s total solar energy capacity was contributed by the Solar Energy Corporation of India (SECI). The information was given by the Union New and Renewable Energy Minister RK Singh in his written reply before the Lok Sabha. The minister said that in […] Read more
Rockefeller Foundation Refutes Washington Post Story On India’s ‘Dysfunctional’ Mini-Grids Updated On Tue, Aug 8th, 2023 by Saurenergy Last week, July 31st to be exact, a story in the Washington Post on India’s rural solar mini-grids grabbed a lot of attention. Authored by Karishma Mehrotra, the paper’s South Asia correspondent, the story headlined “India joins rush to renewables, but its rural solar systems fall off grid” was a clear indictment of India’s solar […] 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
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
OMC Power Commissions 1 MW Rooftop Solar Installation at KGMU Lucknow Updated On Thu, Aug 3rd, 2023 by Saurenergy Renewable energy firm OMC Power has commissioned a 1 MW rooftop solar installation at the prestigious KGMU (King George’s Medical University) Lucknow. The firm informs that by harnessing solar energy, KGMU is projected to save over 1300 tonnes of CO2 in a calendar year. The MoU between KGMU and OMC Power was signed in February, […] Read more
Five Indian States Take 87% Of PM-KUSUM Benefits Updated On Wed, Aug 2nd, 2023 by Saurenergy Latest data from the government claims that Rajasthan, Haryana, Uttar Pradesh, Punjab, and Madhya Pradesh account for 87.24 percent of the total benefits under the PM-KUSUM scheme. It is indicated from the total number of solar pumps installed under Component B of the scheme. The statistics up to June 30, 2023, claimed that India installed […] Read more
Ashish Goyal Takes Over Reins of UPPCL as New CMD Updated On Mon, Jul 31st, 2023 by Saurenergy Ashish Kumar Goyal has taken over the reins of UPPCL (Uttar Pradesh Power Corporation Limited) as its CMD. Ashish is a seasoned IAS officer who belongs from the 1995 batch. He recently concluded a stint at central deputation. In May, last year, M Devaraj had stepped into the role of the Chairman of UPPCL and […] Read more
RDSS: UP, Andhra Biggest Beneficiaries of Discom Infra Revival Funds Updated On Wed, Jul 26th, 2023 by Saurenergy The latest data from the Ministry of Power claimed that Uttar Pradesh and Andhra Pradesh emerged as the biggest beneficiary of the Revamped Distribution Sector Scheme (RDSS). This scheme is meant to revive the discoms’ health by taking corrective measures with financial aid from the Union government. The data suggested that out of all the […] Read more
