Highlights from Economic Survey for RE Sector in 2021 Updated On Tue, Feb 1st, 2022 by Saurenergy The Economic Survey, which receded the annual budget of the government, is a widely anticipated document, seen more as a sort of white paper on what the government of the day considers its key achievements, and indications of the way ahead. To that extent, the latest Economic Survey document, all 442 pages of it in […] Read more
SECI Gets Rs 1000 Cr Infusion To Expand Investments Updated On Fri, Jan 28th, 2022 by Saurenergy The Solar Energy Corporation of India (SECI) has received an infusion of Rs 1000 crores from the Government of India to strengthen its balance sheet and undertake further investments in the renewable sector. As the key nodal agency for the sector, SECI plays an instrumental role in the tendering and award of renewable contracts across […] Read more
NTPC 3 GWh Tender For Renewable Storage Updated On Thu, Jan 27th, 2022 by Saurenergy NTPC’s renewable focused subsidiary, NTPC Renewable Energy has released a tender inviting developers for renewable storage systems across the country that will add up to 3000 MWh of supply. These systems would be connected to the ISTS grid too. The high minimum bid level indicates a search for large players able to execute at scale, […] Read more
Bengaluru’s Ayana Renewable Crosses 1 GWac Operational Capacity Updated On Tue, Jan 25th, 2022 by Saurenergy Ayana Renewable Power, a renewable energy platform that is majority-controlled by National Investment and Infrastructure Fund (NIIF), has announced that its portfolio has crossed 1 GWac of operational renewable energy (RE) capacity. With an operating portfolio of 1.19 GWac, Ayana is one of the largest RE developers in India, a press release from the company […] Read more
IEEFA: Skyrocketing EV Sales in China Spell a No-turning-back Step Change in Global Energy Landscape Updated On Wed, Jan 19th, 2022 by Saurenergy The jury is in. The global race between passenger electric vehicles and hydrogen fuel cells vs petrol vs diesel is over. EVs have won in China, the world’s biggest auto market, writes Tim Buckley, Director of Energy Finances Studies Australasia & South Asia, Institute for Energy Economics and Financial Analysis (IEEFA), as he gives insight […] Read more
ICRA Predicts 16 GW Capacity Addition For RE In FY23 Updated On Tue, Jan 11th, 2022 by Saurenergy The outlook for the capacity addition in the renewable energy (RE) sector remains strong with a large project pipeline of over 55 GW and the highly competitive tariffs offered by these projects. The commitment to climate change goals announced by the Prime Minister at the recent COP26 summit, including increasing the non-fossil power capacity to […] Read more
Danish Fund IFU To Invest $34 Million Into Cleanmax Updated On Tue, Dec 21st, 2021 by Saurenergy In yet more funding news, The Danish Investment Fund for Developing Countries (IFU) is investing USD 34 million (Rs 260 cr approx.) in CleanMax, which has an aggregated capacity of 750+ MW of installed solar and wind-solar hybrid power. Cleanmax, founded in 20211, has been an early mover in the commercial and industrial segment, and […] Read more
5 MWh Vanadium Flow Battery Activated In UK By Invinity Energy Updated On Tue, Dec 21st, 2021 by Saurenergy Invinity Energy Systems, the flow battery firm has joined developer Pivot Power (Part of EDF Renewables), to complete the storage component of the Energy Superhub Oxford (ESO) project. The project combines a 50 MWh lithium ion battery storage system (from Wartsila) with a 5 MWh vanadium flow battery from Invinity Energy. The lithium battery was […] Read more
Acquisitions in India’s RE sector Up Over 300% in Value terms in 2021 Updated On Wed, Dec 15th, 2021 by Saurenergy The total value of acquisitions in India’s renewable energy sector surged by more than 300% to $ 6 billion in the first ten months of 2021 (till October) from less than $1.5 billion reported in 2020, according to an independent study released today by the CEEW Centre for Energy Finance (CEEW-CEF) and the International Energy […] Read more
