Adani Green FY24 Update Highlights 16% Growth In Capacity, 59% In Power Sales Updated On Tue, Jan 16th, 2024 by Saurenergy In an operational update to the stock exchanges, Adani Green Energy Limited (AGEL), the renewable energy developer arm of the Adani Group, has shared the progress it has made in the first 9 months of FY24. With a target of 45GW of operational renewable energy by 2030, which would be close to10% of India targets, […] Read more
E-Fuel Blending In EVs Can Reduce Fossil Fuel Dependence By 2028: IEA Estimates Updated On Mon, Jan 15th, 2024 by Saurenergy A recent report by International Energy Agency (IEA) found that a combination of electric vehicles (EVs) and biofuels is anticipated to significantly reduce global oil demand. It’s estimated to offset 4 million barrels of oil-equivalent per day by 2028, constituting over 7% of the predicted oil demand for transportation. The IEA report on E-fuel mentioned, […] Read more
14 Trends That Drove Change In RE Within 2023: IEA Analysis Updated On Fri, Jan 12th, 2024 by Saurenergy The International Energy Agency (IEA) reviews 14 major trends that shaped 2023 and predicts future changes for energy sector in 2024. 1. 2023 Witnessed Change In Renewable Capacity Additions, driven by China’s solar PV market According to IEA , the global annual renewable capacity addition was expected to increase by almost 50% to nearly 510 […] Read more
CBI Files FIR Against Officials Of SJVNL, Siemens Gamesa Updated On Thu, Jan 11th, 2024 by Saurenergy The Central Bureau of Investigation (CBI) has registered a case against some officials of Satluj Jal Vidyut Nigam Ltd (SJVNL) and Siemens Gamesa over fraudulent practices. In a media statement, the central agency said that such malpractices led to a loss of around Rs 191 crore to the public sector utility. CBI said it had registered […] Read more
Consultant: Project Sustainability Officer Updated On Thu, Jan 11th, 2024 by Saurenergy In the role as Consultant: Project Sustainability Officer, we are seeking a smart, competent, self-driven and committed individual to deliver social and environmental support at the Hybrid project site in the state of Rajasthan. This role will be under Sustainability department of Statkraft India and will be a good opportunity for candidates from Rajasthan interested to […] Read more
With Lowest Bid Of Rs 3.15, Only Three Winners For SECI 2000 MW Tranche VII Hybrid Tender Updated On Wed, Jan 10th, 2024 by Saurenergy NTPC Renewable Energy, Juniper Green Energy and Sembcorp emerged as the only three bidders acceptable to Solar Energy Corporation of India (SECI) for the 2000 MW ISTS connected Hybrid projects. With bids received for only 1265 MW, SECI had reduced available capacity to 1012 MW at 80% of aggregate bid capacity. The results for the […] Read more
CERC Awards Compensation To Torrent Power Over Surged GST Rates Updated On Wed, Jan 10th, 2024 by Saurenergy The Central Electricity Regulatory Commission (CERC), in its latest judgment, awarded compensation to a subsidiary of Torrent Power against the rise of Goods and Services Tax (GST). Its subsidiary– Torrent Solargen Limited (TSL), is a generating company. It had set up its 115 MW ISTS-connected wind power project in the Kutch district of Gujarat. The company […] Read more
€300 Million IFC Loan For Iberdrola To Back Renewables Versus Coal Updated On Tue, Jan 9th, 2024 by Saurenergy The World Bank’s private lending arm, the International Finance Corporation (IFC) has backed Spanish utility major Iberdrola with a €300 million (US$328.7 million) loan to support and develop renewable energy projects in coal-dependent countries, including Morocco, Vietnam and Poland. According to Iberdrola,€170 million has already been committed to financing onshore wind projects in Poland, one of the biggest European […] Read more
QCells Signs 12-GW Solar Power Deal With Tech-Giant Microsoft Updated On Tue, Jan 9th, 2024 by Saurenergy Global renewable energy player Qcells will supply tech giant Microsoft with 12 – G.W. of solar modules and EPC services over an 8-year period. This is Qcells’ largest module and engineering, procurement and construction (EPC) services agreement to date. The order is equivalent to powering more than 1.8 million homes annually. The eight-year strategic alliance […] Read more
