India Sees Steepest Rise Of Solar, Coal Follows The Race Updated On Mon, Apr 29th, 2024 by Saurenergy Renewable energy capacities in India especially solar seem to have received an impetus in the first quarter of 2024 (January-March). As per the analysis of the International Energy Economics and Financial Analysis (IEEFA) the highest additions of new capacities of fuels in India were seen from the solar sector, followed by coal projects. IEEFA in […] Read more
AdaniConneX Parter To Build Sustainability-Linked Data Centers Updated On Mon, Apr 29th, 2024 by Saurenergy AdaniConneX, a joint venture (JV) between Adani Enterprises and EdgeConneX, established sustainability-linked financing to raise to USD 1.44 billion. The financing has an initial commitment of USD 875 million, with the feature to extend the commitment up to USD 1.44 billion. This transaction can help elevate AdaniConneX’s construction financing pool to USD 1.65 billion and […] Read more
CESC Acquires 300 MW Under-Construction Solar Park Developer In Rajasthan Updated On Mon, Apr 29th, 2024 by Saurenergy CESC Limited has announced the acquisition of a solar park of 300 MW capacity at Nokh and Gelaba Camp Village, Pokaran Tehsil in Phalodi District, Rajasthan. The company has acquired the solar park from SKP Green Ventures Private Limited. According to a filing by CESC limited, Purvah Green Power Private Limited, a step-down subsidiary of […] Read more
REC Avails 60.5 Billion Yen Green Loan Backed By Italy’s SACE Updated On Fri, Apr 26th, 2024 by Saurenergy REC Limited, recently availed 60.536 billion a green loan in Japanese Yen (JPY) to finance eligible green projects in India. The green loan facility benefits from an 80% guarantee by the Italian Export Credit Agency, SACE (Italy) under their innovative “Push Strategy program”. This arrangement between an Indian government entity REC and SACE an Italian […] Read more
IEA Forecasts 40% Drop In Battery Storage Costs By 2030 Updated On Fri, Apr 26th, 2024 by Saurenergy International Energy Agency’s (IEA) recent report on the use of batteries in electric vehicles (EVs) and battery storage installations has shown that developer costs of batteries will decline by 40% by 2030. The report was prepared after studying the use of solar PV plus batteries and found the total upfront costs of utility-scale battery storage […] Read more
News In Brief- Shree Cement, Godawari Motors, Azerbaijan Solar Auction, US New Transmission Rule Updated On Fri, Apr 26th, 2024 by Saurenergy Shree Cement joins RE100 With Commitment to transition To 100% Renewable Electricity by 2050 Shree Cement, one of India’s largest cement producers with an installed capacity of over 56 MTPA, proudly announces its membership in the esteemed RE100 initiative, a global initiative led by Climate Group, advocating for businesses to convert to 100 percent renewable […] Read more
KPI Green Delivers Stellar Q4 and full year Results, 1.23 GW project Pipeline Updated On Fri, Apr 26th, 2024 by Saurenergy Surat-based Solar EPC firm KPI Green Energy has come out with a strong set of Q4 results. Total revenues came in at Rs 293 crores during the quarter, a 59% increase over the corresponding quarter in Fy23. Net profit rose Rs 43 crores, up 36% over the same quarter last year. For the full year, […] Read more
MG Motors Establishes 500 EV Chargers In 500 Days In India Updated On Fri, Apr 26th, 2024 by Saurenergy MG Motors in India has announced that it has set up 500 chargers in 500 days as part of its MG Charge initiative in India. Gaurav Gupta, Chief Growth Officer, MG Motor India said, “MG aspires to do more than provide cutting-edge electric vehicles. This landmark of installing 500 chargers in as many days underscores […] Read more
Schneider Electric Launches BESS For Microgrids Updated On Fri, Apr 26th, 2024 by Saurenergy Schneider Electric US, which describes itself as into digital transformation of energy management and automation, has announced a Battery Energy Storage System (BESS) designed and engineered to be a part of a flexible, scalable, and highly efficient architecture. BESS is the cornerstone for a fully integrated microgrid solution that is driven by Schneider Electric’s controls, […] Read more
