EV Sales In India Record 50% Rise, Two-Three Wheelers Dominate Sales Updated On Thu, Jan 18th, 2024 by Saurenergy As the focus on a green future increases, electric vehicles have gradually become a part of vogue amid a proactive push by governments and several institutions to create awareness among the people. A study conducted by CareEdge Ratings shows that sales of Electric Vehicles registered a significant growth in CY23 as compared to CY22. The […] Read more
MNRE Issues Policy To Repower Wind Turbines Below 2MW Capacity Updated On Fri, Dec 8th, 2023 by Saurenergy The Ministry of New and Renewable Energy (MNRE) has issued its Wind Repowering and Life Extension Policy for wind projects. The ministry said that the initiative will likely boost the potential of wind energy generation from old and inefficient wind power projects by modifying the wind turbine structures (repowering). As per the National Institute of […] Read more
To Meet Targets, Wind Power Needs To Grow 3 Times By 2030: Report Updated On Wed, Nov 22nd, 2023 by Saurenergy A latest report from EMBER studied global renewable capacity and found that, based on current national targets, it’s set to increase by 7.3 TW by 2030. It anticipates that, based on the current national target, the renewable energy capacity is set to increase by 2.1x until 2030. The report on ‘Tracking National Ambition Towards a […] Read more
NLCIL Wins its Largest Renewable Energy Project of 810 MW in RRVUNL Tender Updated On Mon, Oct 9th, 2023 by Saurenergy CPSU under the administrative control of the Ministry of Coal, NLC India Limited (NLCIL), has emerged as a successful bidder for 810 MW grid connected solar photovoltaic power projects in a tender floated by Rajasthan Rajya Vidyut Utpadan Nigam Limited (RRVUNL). The said capacity is to be set up in 2000 MW Pugal Solar Park […] Read more
Tata Power Gets DFC Backed USD 425 million For Cell and Module Plant in Tamil Nadu Updated On Mon, Sep 11th, 2023 by Saurenergy The U.S. International Development Finance Corporation’s (DFC) Board of Directors has approved the provision of up to USD 425 million in financing in TP Solar Limited, a subsidiary of Tata Power Renewable Energy Limited (TPREL), for its upcoming greenfield 4.3 GW solar cell and module manufacturing plant at Tirunelveli district in Tamil Nadu, India. DFC […] Read more
Solar Startup Ellipsol Raises Rs 2.5 cr Seed Funding Updated On Tue, Sep 5th, 2023 by Saurenergy Ellipsol, a next-generation solar company developing path-breaking solar energy solutions, has raised rupees 2.5 crore in a seed funding round led by Capital A. The funding round also saw the participation of the Grand Anicut Fund. Other individuals also contributed to the funding round. Ellipsol’s site, that is yet to open formally, promises 2X the […] Read more
Govt Releases Framework For Promoting Energy Storage Updated On Mon, Sep 4th, 2023 by Saurenergy The Ministry of Power has now released a detailed framework for promoting energy storage systems (ESS) in the country. The framework includes the promotion of battery storage systems as well as pumped storage systems. The ministry guidelines advocated for a Viability Gap Funding (VGF) of up to 40 percent of the project’s capital cost to make […] Read more
Suzlon Sees Wind Project Order Downsized From 285 MW To 168 MW Updated On Wed, Aug 30th, 2023 by Saurenergy Renewable energy solutions provider Suzlon Energy has announced that it has suffered a significant downsizing of an order it had won in 2018. The order, dated May 30, 2018, from Avikiran Solar India Private Limited was for a 285 MW wind project, which has now been downsized by the firm to just 168 MW. We […] Read more
C&I Segment: Group Captive Mode to Drive Installations in FY24-FY25-CareEdge Ratings Updated On Mon, Aug 7th, 2023 by Saurenergy A new report from CARE Ratings predicts sunny times for solar power through Group captive mode in India’s C&I segment. Commercial & Industrial (C&I) consumers in India have the option to purchase power either through a third-party power plant or through a captive/group captive power plant besides procuring power from the designated utility in their region. […] Read more
