Centre Extends FAME-II Scheme For EVs: Report Updated On Thu, Mar 7th, 2024 by Saurenergy The Centre has decided to extend the FAME-II scheme (Faster Adoption and Manufacturing Electric Vehicles) for EV manufacturing and to boost faster adoption of EVs in the country. Earlier, the scheme was slated to end by March 31, 2024. According to media reports, the government has extended the scheme not to let any disruption affect […] Read more
LONGi, Ferroglobe Enters Long-Term Silicon Supply Agreement Updated On Wed, Mar 6th, 2024 by Saurenergy China-based solar technology company LONGi, and Ferroglobe PLC, a UK-based silicon metal and ferroalloys, producer recently entered into a long-term supply agreement. Under the terms of the agreement, Ferroglobe is expected to supply high-quality quartzite and metallurgical grade silicon (MGS) to LONGi to support its strategy to increase purchases from the leading western suppliers of […] Read more
Green Energy Projects In Rs 4,066 Crore Investment Approved By Odisha Govt Updated On Wed, Mar 6th, 2024 by Saurenergy Odisha government’s State-Level Single Window Clearance Authority has sanctioned 22 projects valued at Rs 4,066.71 Crore. These projects were approved in the 129th meeting of the State Level Single Window Clearance Authority meeting chaired by Odisha Chief Secretary Pradeep Jena. The new projects span various sectors, including Green Energy Equipment, Chemical, Textiles and Apparel, Steel, […] Read more
CERC Order Paves Way For Bundling RE With Thermal For DVC Updated On Wed, Mar 6th, 2024 by Saurenergy In an important order dated March 5 that paves the way for the signing of PPAs between Damodar Valley Corporation (DVC) on one side and ReNew Power and Avaada Energy for 500 MW of solar procurement, the Central Electricity Regulatory Commission (CERC) adopted the discovered tariffs proposed by DVC. The tariffs are notable for being […] Read more
NHPC To Establish 1200 MW Renewable Energy Park In UP Updated On Wed, Mar 6th, 2024 by Saurenergy PM Modi laid the foundation stone of the 1200 MW Jalaun Ultra Mega Renewable Energy Power Park of BSUL under NHPC Joint Venture (JV) with UPNEDA in Uttar Pradesh during a public event in Telangana on March 4. The 1200 MW Jalaun Ultra Mega Renewable Energy Power Park of BSUL (NHPC’s JV with UPNEDA) is […] Read more
JSW Energy Company Signs Battery Storage Pact With SECI Updated On Wed, Mar 6th, 2024 by Saurenergy JSW Renew Energy Five Limited, a wholly-owned subsidiary of JSW Neo Energy Limited a step-down subsidiary of the company, has signed a Battery Energy Storage Purchase Agreement (BESPA) for the first project of 250 MW / 500 MWh Standalone Battery Energy Storage System out of the total awarded project capacity of 500 MW / 1,000 […] Read more
UK-Based Hive Energy Acquires 272 MW Polish Project Updated On Tue, Mar 5th, 2024 by Saurenergy UK-headquartered renewable energy developer Hive Energy, has completed the acquisition of four early-stage solar projects from Polish developer, T&T Proenergy. The projects totaling 272MW from Polish developer T&T Proenergy. The projects will be co-developed to Ready to Build status. The companies have an ongoing development agreement for a portfolio of photovoltaic projects with a minimum […] Read more
GRSE Inks Green Deal With IRS To Use Green Energy To Build Vessels Updated On Tue, Mar 5th, 2024 by Saurenergy Garden Reach Shipbuilders & Engineers Ltd. (GRSE) a warship building company in India, and the Indian Register of Shipping (IRS) signed a Memorandum of Understanding (MoU) on the development of green energy and autonomous vessels. IRS under the administrative control of the Ministry of Defence and GRSE reaffirmed its commitment to innovation, new technology adoption, […] Read more
Matrix Gas & Renewables Raises Rs 350 Crore In Pre-IPO Round Updated On Tue, Mar 5th, 2024 by Saurenergy Gensol Group Company, Matrix Gas & Renewables Limited, has raised Rs 350 crore in the pre-IPO round. With the current capital raise, Matrix is now well positioned to accelerate its growth initiatives towards expanding market share for the gas aggregation business, acquiring City Gas Distribution (CGD) assets, and funding the ongoing capital expenditure plan. This […] Read more
