US-India Launch $1 Bn Initiative To Build Clean Supply Chains Updated On Mon, Sep 23rd, 2024 by Saurenergy The United States (US) and India elevate and expand bilateral technical, financial, and policy support to enhance the complementary manufacturing capacity of clean energy technologies and components. This policy also lays the groundwork for enhanced cooperation and partnerships in Africa. The Strategic Clean Energy Partnership, led by the US Department of Energy and Indian government […] Read more
ICRA Sees FDRE, RTC Projects As Key Drivers Of India’s RE Growth Updated On Mon, Sep 23rd, 2024 by Saurenergy A recent report by the Investment Information and Credit Rating Agency (ICRA) foresees a rise in renewable energy capacity in the next six years in India. It is estimated that the share of renewable energy (RE), plus large hydro, in all-India electricity generation, will increase to over 35% in FY2030 from 21% in FY2024. ICRA […] Read more
RE Project Delays Can Halt Global 2030 Targets: IEA Updated On Wed, Sep 18th, 2024 by Saurenergy Globally, the recent shift in solar PV and wind demand highlights the urgent need for timely integration of these technologies. Such integration is crucial for achieving global decarbonization goals and can significantly contribute to meeting growing electricity demands by 2030. The International Energy Agency (IEA), in its recent report titled “Integrating Solar and Wind: Global […] Read more
Jindal India RE Targets BESS Market With 5 GWh Capacity Updated On Wed, Sep 18th, 2024 by Saurenergy Jindal India Renewable Energy, a part of the BC Jindal Group, announced its foray into the Battery Energy Storage Systems (BESS). The company plans to build 1 GWh battery pack assembly line with LFP chemistry by 2025 and will foray into battery cell manufacturing with 5 GWh capacity by 2027. To achieve this, the company […] Read more
Torrent Power Wins 1,500 MW/12,000 Energy Storage Bid From MSEDCL Updated On Wed, Sep 18th, 2024 by Saurenergy Torrent Power Limited recently secured a 1,500 MW pumped hydro storage project from the Maharashtra State Electricity Distribution Co. Limited (MSEDCL). Under this mutually agreement provisions, Torrent Power will procure 1,500 MW/12,000 MWh of energy storage capacity from the pumped hydro storage (PSP) project. MSEDCL will provide a detailed Letter of Award (LOI) after obtaining […] Read more
IGREL Renewables Raises Rs 300cr Equity Capital From Marquee Investors Updated On Wed, Sep 18th, 2024 by Saurenergy INOXGFL Group, one of India’s business groups operating in the renewable sector announced that its privately held renewable power generation platform, IGREL Renewables Ltd., has raised Rs 300 crore equity capital, eventually resulting into a single digit dilution. The capital raise witnessed participation by marquee investors, including Akash Bhansali, Rohit Kothari, and Madhusudan Kela, through […] Read more
Manager Renewable Engineering (Control & Instrumentation Engineer) Updated On Tue, Sep 17th, 2024 by Saurenergy We are seeking a leading role in the Renewable Engineering Control & Instrumentation (C&I) division for our Renewable Energy (RE) Power Plants which will be a mix of Solar, Wind, and BESS systems. This position is responsible for C&I engineering which includes major development of control architecture of complete solar + wind + BESS Hybrid […] Read more
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
Ireland Hopes for 1334 MW Of RE Additions After Round 4 of Capacity Auctions Updated On Thu, Sep 12th, 2024 by Saurenergy Provisional results from the fourth round of the Irish Renewable Energy Support Scheme (RESS 4) confirm 1,334 MW of renewable energy bids that meet criteria. Of this, 960MW is solar PV and 374MW onshore wind. The average auction price has come in at €96.85 (£81.73) per MWh, with the generation-weighted average price for solar projects […] Read more
