India Proposed Renewable Energy Financing Obligation (REFO) Updated On Tue, Feb 25th, 2025 by Saurenergy The Ministry of New and Renewable Energy (MNRE) has now proposed a new intervention to boost the flow of financing to the renewable energy sector in the country. This comes as the demand for faster deployment of renewable energy becomes significant keeping in light India’s target of 500 GW of non-fossil fuel in 2030. Union […] Read more
Covestro Sources Renewable Energy From 90 MW Ørsted Project Updated On Wed, Feb 19th, 2025 by Saurenergy Covestro, a polymer materials supplier, has four US sites that have reached net-zero Scope 2 electricity emissions through the allocation of Renewable Energy Certificates (RECs). This achievement is a result of Covestro’s existing virtual Power Purchase Agreement (PPA) with Ørsted. Under this agreement, Denmark-based Ørsted provides Covestro with 90 MW of renewable energy capacity, reducing […] Read more
ONGPL Acquires Ayana in Landmark INR 19,500 Renewable Energy Deal Updated On Wed, Feb 12th, 2025 by Saurenergy India’s largest oil and gas producer Oil and Natural Gas Corp (ONGC) and nation’s biggest power company NTPC acquired renewable energy firm Ayana through their joint venture ONGC-NTPC Green Pvt Ltd (ONGPL), for an enterprise value of INR 19,500 crore (USD 2.3 billion). ONGPL has signed a share purchase agreement with the current stakeholders National […] Read more
Renewable Energy Tariffs Drop 50% Since FY 2013-14: Govt Updated On Thu, Feb 6th, 2025 by Saurenergy The Ministry of New and Renewable Energy (MNRE) said that renewable energy tariffs in the country have gone down up to 50% since 2013-14. The information was furnished by the ministry before the Parliament in a written reply. Mentioning the range of tariff rates, the MNRE Minister Pralhad Joshi said, “The range of tariffs discovered […] Read more
Budget Special: Top Weekly Stories on Renewable Energy Updated On Mon, Feb 3rd, 2025 by Saurenergy Read more
Adyant Enersol, UPC Renewables Win SJVN’s 170 MW Wind Energy Project Updated On Thu, Jan 30th, 2025 by Saurenergy SJVN has announced Adyant Enersol (Datta Infra) and UPC Renewables as the winners of its 600 MW wind energy project. These winners are expected to develop inter-state transmission system (ISTS)–connected wind power projects on a build-own-operate basis. The tender for this project was released in March 2024, and the results were announced after 10 months. […] Read more
