Cabinet Approves Viability Gap Funding For Offshore Wind Updated On Thu, Jun 20th, 2024 by Saurenergy The Indian Union Cabinet chaired by Prime Minister Narendra Modi recently approved the Viability Gap Funding (VGF) scheme for offshore wind energy projects. The total outlay of the scheme stood at Rs 7,453 crore. The fund included an outlay of Rs 6,853 crore for the installation and commissioning of 1 GW of offshore wind energy […] Read more
Gensol Engineering Allotted Additional 250 MW (500 MWh) for GUVNL’s BESS Project Updated On Thu, Jun 20th, 2024 by Saurenergy Gensol Engineering Ltd. has received the second tranche under greenshoe option allotment of 250 MW/500 MWh from Gujarat Urja Vikas Nigam Limited (GUVNL) for standalone Battery Energy Storage Systems (BESS) project to reach 500 MW / 1000 MWh. According to Gensol, the project including first and second tranche will generate a total revenue of INR […] Read more
BESS HVAC & FPS Design Engineer Updated On Wed, Jun 19th, 2024 by Saurenergy We are seeking a highly skilled and experienced Battery Energy Storage System (BESS) HVAC Fire Protection Design Engineer to join our team. The successful candidate will be responsible for the design and development of HVAC and fire protection systems specifically for BESS installations. This role requires a deep understanding of HVAC systems, fire protection engineering, […] Read more
Brookfield To Get IFC Funds For 550 MW Rajasthan Solar Park Updated On Wed, Jun 19th, 2024 by Saurenergy A portion of the funding required by Brookfield Asset Management to construct a 550-MWp solar park in the Indian state of Rajasthan would come from the International Finance Corporation (IFC). The Canadian organisation will be compensated USD 105 million (EUR 98 million) for long-term non-convertible debentures that are assigned to the special purpose vehicles of […] Read more
Power Demand Pushes Battery Makers Revenue By 10-11%: CRISIL Research Updated On Wed, Jun 19th, 2024 by Saurenergy CRISL Rating’s latest report anticipates the domestic lead-acid battery manufacturers’ revenue to grow 10-11% in fiscal 2025. The report found this to be a close mirroring ~12% which was seen last fiscal year. Moreover, growth is expected to be driven by steady demand in the mainstay automotive segment and tailwind from rising 5G penetration, expansion […] Read more
RMI Foresees Cleantech To Drive 10% Of Global GDP Growth Updated On Wed, Jun 19th, 2024 by Saurenergy The Rocky Mountain Institute (RMI), a US-based research organization, has recently published a report forecasting significant growth in the cleantech sector. According to the report, solar energy installations are expected to reach 1,000 GW annually, accompanied by sales of 6,000 GWh of batteries per year. These advancements are crucial in achieving the sector’s goal of […] Read more
Despite Record Investments, World Off Track For 2030 RE Target: EY Updated On Wed, Jun 19th, 2024 by Saurenergy Global accounting firm Ernst & Young (EY) recently reported a decline in overall global energy investments, failing to keep the world on track for the 2030 renewables targets. EY report found that, despite last year’s surge of US$1.8 trillion in clean energy investment, including US$660 billion earmarked for renewables, investment remains below the COP28 target of […] Read more
Green Stocks June 18: Shakti Pumps Sees Highest Surge In Stock Price Updated On Tue, Jun 18th, 2024 by Saurenergy The green energy stock market today remained mostly stagnant with no major price fluctuations. However, Indore-based solar pump company Shakti Pumps remained the leader among all the green energy companies in terms of their stock prices. Shakti Pumps reported a 5 percent rise in its stock prices. The second highest surge in stock price was […] Read more
Waaree Energies Founder Hitesh Doshi Recognized as Global Solar Leader at SNEC 2024 Updated On Tue, Jun 18th, 2024 by Saurenergy Mr. Hitesh Doshi, whose name has been synonymous not only with the firm he founded, but also the Indian solar sector, has been awarded the Global Solar Leaders Award (2024) for his outstanding contributions to solar industrial progress worldwide at SNEC 2024. The PV SNEC is the World’s largest solar expo by a distance, held […] Read more
