Avaada Signs MoU To Develop 2750 MW Of PSPs In Maharashtra Updated On Mon, Aug 12th, 2024 by Saurenergy Indian renewable project developer Avaada Group has now announced signing of a Memorandum of Understanding (MoU) with the Maharashtra government for the development of two Pumped Storage Projects (PSPs) with a combined capacity of 2,750 MW. This comes at a time when several leading companies in India like Adani Green, Greenko and others are showing […] Read more
India’s Renewable Capacity Surpasses 150 GW: MNRE Updated On Mon, Aug 12th, 2024 by Saurenergy India’s total renewable energy capacity (excluding large hydro) has now touched 150 Gigawatt (GW), latest data from the Ministry of New and Renewable Energy (MNRE) reveals. The latest data from the ministry for the month of July shows that India added a total of 1733.66 MW of new solar capacities. During the same period, India […] Read more
Fourth Partner Energy Secures $275 Mn Investment From IFC Consortium Updated On Tue, Aug 6th, 2024 by Saurenergy International Finance Corporation (IFC), Asian Development Bank (ADB) and DEG today made a $275 Mn investment into Fourth Partner Energy (FPEL). IFC is a global impact investor and DEG is a German investment and development company. The consortium’s investment will infuse capital to fund FPEL’s business expansion plans which include a target portfolio of 3.5 […] Read more
Indian RE Sector Can Attract Rs 30L-crore Investment Between 2024-2030: Report Updated On Mon, Jul 22nd, 2024 by Saurenergy Power transmission in India is emerging as one of the largest unified electricity grids in the world, states the Economic Survey 2023-24. The Indian transmission system has expanded to 4,85,544 circuit kilometers of transmission lines and 12,51,080 mega volt amp (MVA) of transformation capacity, until 31 March 2024, stated the survey notes. The survey was […] Read more
JSW Energy Reports 80% Rise In Net Profits In Q1 Updated On Sun, Jul 21st, 2024 by Saurenergy JSW Energy has published its latest financial results for the first quarter of Financial Year 2024-25. The information submitted by the company before BSE revealed that the company has raised its net profit by around 80 percent on a Year-on-Year (YoY) basis. As per the details, the company reported a total Profit After Tax (PAT) […] Read more
Energy Storage Can Bring 1 TW New Capacity Online By 2033, Finds Study Updated On Tue, Jul 9th, 2024 by Saurenergy Wood Mackenzie, recently forecasted an increase in renewable energy consumption from 2024 to 2033. It expects developers to bring more than 5.4 terawatts (TWac) of new solar and wind capacity online, which can increase the cumulative global total to 8 TWac, according to the latest analysis by Wood Mackenzie. The global data and analytics provider […] Read more
The Top 5: India’s 10 GW Club for RE Developers is Set to Expand Significantly by 2025 Updated On Thu, Jul 4th, 2024 by Saurenergy India has made remarkable strides in the renewable energy sector over the past few years, largely due to the emergence of major renewable energy developers within its borders. Just a few years ago, there were no significant renewable energy project developers in the country. In fact, in 2020, there was no renewable energy developer with […] Read more
India’s Data Centre Boom Opens Up A Fresh Segment For Green Developers Updated On Mon, Jul 1st, 2024 by Saurenergy By-Tej Prakash Bharadwaj & Manish Kumar Notwithstanding the sluggish growth of data centres in India in the early 2000s, the advent and popularity of AI means that the data center sector in India is now set for a significant expansion matching its status as a regional power. With a total capacity of around 1,000 Megawatt […] Read more
Govt’s New Scheme To Aid In Evacuating RE From Rajasthan, Karnataka Updated On Mon, Jun 24th, 2024 by Saurenergy The Union government has now approved new Inter-State Transmission System (ISTS) schemes to evacuate 9 Gigawatt (GW) of renewable energy (RE) from the renewable rich states of Rajasthan and Karnataka. These schemes will be implemented through Tariff-Based Competitive Bidding (TBCB) mode. These schemes are part of the government’s 500 GW renewable energy capacity by 2030 […] Read more
