Saur Energy International
12th February 2024

RENEWABLES NEWS

gautam-solar

Nextracker, Sterling and Wilson In 2 GW Pact For Trackers In India

US based global tracker leader Nextracker has announced it has won a repeat order from Sterling and Wilson Renewable Energy  for Phase 2 and Phase 3 solar projects of NTPC at Khavda, Gujarat. The projects, for an aggregate size of 1.5GWdc (Phase 2) and 375MWdc...

Top 5 Challenges for Solar Financing in India

While the tide has clearly turned in favour of more and better financing for solar, it’s instructive to understand just why it was not happening till now. We listed down all the top reason cited by financiers, to build this list of top 5. Understanding...

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More Than 2.95 Lakh Off-Grid Solar Water Pumps Installed Under PM-KUSUM, Parliament Told

Centre today apprised the Parliament that over 2.95 lakh standalone off-grid solar water pumps have been successfully installed as part of the PM-KUSUM scheme. Union Minister for New & Renewable Energy and Power, RK Singh, in a written reply to a question in the Lok...

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Tata Power Q3 Results- EBITDA Up 15% to Rs 3250 crore

Tata Power, one of the largest integrated utilities in the country, reporting its 17th consecutive quarter of PAT growth in its Q3 results. Better realisation in the core business segments consisting of Generation, Transmission & Distribution and Renewables, helped the Company grow its Q3FY24 reported...

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Hartek Power To Develop 75MW Solar Plant In Bihar’s Jamui

Engineering, procurement, and construction company, Hartek Power Private Limited, the Power Systems and T&D Business unit of Hartek Group, has won an order from SJVN Green Energy Limited pertaining to the development, implementation, and maintenance of a 75 MW (AC) grid-connected solar PV power plant,...

Apraava Energy Bags New Energy Transmission Project In Madhya Pradesh

Apraava Energy, a leading integrated energy solutions provider, announced today that it has secured a new greenfield interstate transmission project in Madhya Pradesh through the Government of India's Tariff-Based Competitive Bidding (TBCB) process. The project involves setting up of ~ 40 kms of 765 kV double-circuit...

ALMM Is Back, With Key Exemptions

The Indian government has tried to strike a balance between key stakeholders with the restoration of the Approved List of Module Manufacturer (ALMM) conditions, albeit with some vital exemptions. In an order dated Feb 9, the Ministry for New and Renewable Energy (MNRE) confirmed that...

JSERC Brings Regulation For Group Net Metering & Virtual Net Metering In Jharkhand

Jharkhand State Electricity Regulatory Commission (JSERC) recently released its (Group Net Metering and Virtual Net Metering) Regulations, 2024. Jharkhand State Electricity Regulatory Commission regulates the net metering and virtual net metering in the state, describe these concepts, their application to the consumers and redress their...

IREDA and IIT Bhubaneswar Collaborate To Support RE Research In Startup

Indian Renewable Energy Development Agency Ltd. (IREDA) an Indian public sector enterprise that provides financial assistance and other services to projects related to renewable energy, has signed a Memorandum of Understanding (MoU) with the Indian Institute of Technology (IIT) Bhubaneswar. The MoU, inked today at...

Inox Wind Q3 Results-Firm Turns PAT Positive

Inox Wind Limited (IWL), one of India’s leading wind energy solutions provider, today announced its financial results for the third quarter of Fiscal Year 2024 (FY24). Continuing its turnaround journey, Inox Wind turned PAT positive in Q3 FY24, reflecting the successful implementation and outcome of...

Sterlite Announces Fin Closure For Beawar Project From REC

In yet another indicator of the improved funding environment for larger power projects, especially in the renewables sector, Sterlite Power, has  announced a financial closure for its Beawar Transmission Limited (BTL) project. Sterlite project has secured funds totaling INR 2400 Cr. from REC Power Development...

UK’s Dogger Bank Offshore Wind Project To Be Delayed Until 2025

United Kingdom-based renewable energy company SSE Renewables has announced that a shortage of vessels, challenging weather conditions, and supply chain issues will lead to delays in the operation of the first phase of the Dogger Bank offshore wind project – Dogger Bank A. According to...

Atmos Renewables & Fluence Energy to Optimise 870 MW Renewables Portfolio in Australia

Australia-based provider of energy storage products, services, and optimisation software for renewables and storage Fluence Energy, Inc has announced the the expansion of a contract with Atmos Renewables to optimise an 870 MW portfolio of wind and solar assets in Australia’s National Electricity Market (NEM)....

EV's & Storage News

In 2023 China EV Witnessed 35% Rise YoY: Rystad

Rystad, an energy research and business intelligence company recently shared insights on the ongoing trend in the electric vehicle (EV) market in 2024. According to the Rystad report, "The electric vehicle (EV) market is on track in 2024 as emissions reduction targets clash with falling...

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