EIB, Development Bank Of Southern Africa Grant €600 Mn To Private RE Sector Updated On Fri, Sep 13th, 2024 by Saurenergy The European Investment Bank (EIB) and the Development Bank of Southern Africa (DBSA) have further boosted their support for renewable energy projects in the private sector, aiming to increase clean energy generation while supporting new jobs. A € 100 million (ZAR 1.98 billion) loan from the EIB, matched by the DBSA, comes in addition to […] Read more
President Approves VGF Scheme For 1 GW Offshore Wind Projects Updated On Fri, Sep 13th, 2024 by Saurenergy President of India, Droupadi Murmu, has approved the government’s plan to award Viability Gap Funding (VGF) to boost offshore wind projects in India. The Ministry of New and Renewable Energy (MNRE), in its latest notification, stated that it has received approval for the plan. With the President’s sanction, India is now set to provide VGF […] Read more
SECI Issues Fresh FDRE Tender For 8 GWh (2GW x 4 hours) Updated On Fri, Sep 13th, 2024 by Saurenergy The Solar Energy Corporation of India (SECI) has announced a Firm and Dispatchable Renewable Energy (FDRE) tender for peak supply totaling 8,000 MWh (2,000 MW x 4 hours). The project will be developed on a Build Own Operate (BOO) basis. SECI intends to sign a Power Purchase Agreement (PPA) with the successful bidders for a […] Read more
NHPC Discovers Lowest Tariff Of Rs. 4.37 For 1.2 GW FDRE Project Updated On Fri, Sep 13th, 2024 by Saurenergy NHPC has announced the winners of the 1.2 GW solar project under Tranche II. It allocated the project to five successful bidders: Essar Renewables, Juniper Green Energy, Serentica Renewables, Hexa Climate Solutions, and Avaada Energy. According to the tender results, NHPC allocated Essar, Juniper, and Serentica 300 MW, 200 MW, and 150 MW of capacities […] Read more
After Aborting Module Making Plan, Coal India To Expand RE Production Updated On Thu, Sep 12th, 2024 by Saurenergy India’s premier public sector coal mining company-Coal India Limited (CIL) has planned to boost the growth of renewables under its portfolio. This comes after the public utility aborted its earlier plan to produce solar panels. Speaking recently at the Bloomberg BNEF Summit, Debashish Nanda, Director-Business Development of Coal India said that the company as of […] Read more
APTEL Refuses To Provide Relief To ReNew In 300 MW Wind Project Updated On Wed, Sep 11th, 2024 by Saurenergy The Appellate Tribunal for Electricity, in an order dated September 10, has ruled on a case involving ReNew (through ReNew Naveen Urja Private Limited) and SECI , and by extension, CERC. Case Overview: Renew Naveen Urja Private Limited (Appellant) vs. Central Electricity Regulatory Commission (CERC) & Solar Energy Corporation of India Limited (SECI). ReNew sought […] Read more
India Added 9 GW Of New Renewable Capacities Since April 2024 Updated On Wed, Sep 11th, 2024 by Saurenergy India’s renewable energy capacity reached 152.65 GW by the end of August 2024, according to the latest data from the Ministry of New and Renewable Energy (MNRE). The data highlights new solar and wind energy project additions during the month. In August alone, India added 2,224 MW (2.22 GW) of solar capacity and 116.9 MW […] Read more
Odisha, MP New Emerging States For Renewables: CEEW Report Updated On Tue, Sep 10th, 2024 by Saurenergy A latest report by energy think tank Council on Energy, Environment and Water (CEEW) said that Odisha and Madhya Pradesh could soon become the new emerging states to spur the growth of green energy in the country. The study, ‘Unlocking India’s RE and Green Hydrogen Potential: An Assessment of Land, Water, and Climate Nexus’, highlights […] Read more
NVVN Seeks Bids to Set Up 250 MW/500 MWh Standalone BESS Updated On Tue, Sep 10th, 2024 by Saurenergy NTPC subsidiary, Vidyut Vyapar Nigam Limited (NVVN), recently released a tender for setting up 250 MW/500 MWh standalone battery energy storage systems with viability gap funding support. NTPC released this tender under a tariff-based global competitive bidding request. The last date for bid submission is 17th September 2024. As per the NTPC Vidyut Vyapar Nigam […] Read more
