Key Policy Challenges To a Thriving C&I Market for Solar In India Updated On Mon, Aug 2nd, 2021 by Saurenergy The Solar Energy sector has emerged as a potential green technology to address climate change issues by reducing dependence on conventional fossil fuel-based energy. India has a target to install 100 GW of solar energy capacity with a commitment to increase the renewable sources-based energy capacity to 175 GW by 2022. Under this, 40 GW […] Read more
CI NMF Commits $100 M to RE Investments with Amp Energy India Updated On Mon, Aug 2nd, 2021 by Saurenergy RE-focussed fund management company Copenhagen Infrastructure Partners (CIP) has signed an investment agreement through its Copenhagen Infrastructure New Markets Fund I (CI NMF) with Amp Energy India Private Limited. The agreement enables joint equity investments in excess of USD 200 million in renewable energy projects in India, with the potential for future expansion. Amp India […] Read more
OMERS Infrastructure to Pay $219 M for 19.4% Stake in Azure Power Updated On Mon, Aug 2nd, 2021 by Saurenergy Canada-based OMERS Infrastructure recently announced that it has signed a Stock Purchase Agreement to acquire from International Finance Corporation and IFC GIF Investment Company I an approximately 19.4% stake in Azure Power Global Limited, for a total consideration of approximately US$219 million. Founded in 2008, Azure Power is a leading independent renewable power producer located […] Read more
Trade-led Solar PV Deployment Likely to Create 40 M Jobs by 2050: Study Updated On Mon, Aug 2nd, 2021 by Saurenergy A new joint report by International Renewable Energy Association (IRENA) and World Trade Organisation (WTO) examines how trade policies can support cost reductions, deployment of components & job creation in the solar PV sector. The report entitled “Trading into a Bright Energy Future: The Case for Open, High-quality Solar Photovoltaic Markets” finds, among other things, that trade-led solar […] Read more
Safeguard Duty Update on Solar from Power Minister’s Press Conference Updated On Fri, Jul 30th, 2021 by Saurenergy In his first formal update on the issue of Safeguard Duty (SGD) on solar imports, that expired yesterday, Power and MNRE minister R.K. Singh had a completely new take on the way forward. He was responding to a specific question asked on the issue by Saur Energy Asserting that the best way out was to […] Read more
Hindustan Zinc To Use BEVs in Underground Mining, Partners with Normet Group Updated On Fri, Jul 30th, 2021 by Saurenergy Indian mining major, Hindustan Zinc Ltd. (HZL), today announced its big plan for decarbonization of its mines. HZL has partnered with Normet Group that works for making underground mining and tunnelings digitalized and sustainable, to introduce India’s first battery electric vehicles (BEVs) in underground (UG) mines. HZL’s CEO MR, Arun Misra has announced an investment […] Read more
ACME Solar Raises $334 Million Through Offshore Green Bonds Updated On Fri, Jul 30th, 2021 by Saurenergy India’s solar power developer ACME Solar has today announced raising USD 334 million through offshore green bonds. The investment has been raised for 12 of ACME’s solar projects in India, and it will be funded by U.S. dollar-denominated green bonds. These bonds have received the green certification from Climate Bonds Initiative. Also, they will be […] Read more
CESL Signs Agreement with HPCL to Set up EV Charging Infra Updated On Fri, Jul 30th, 2021 by Saurenergy Convergence Energy Services limited (CESL), a wholly owned subsidiary of Energy Efficiency Services Limited (EESL), has signed an agreement with Hindustan Petroleum Corporation Limited (HPCL) for setting up of charging infrastructure in select retail outlets in several cities across the country. Spanning 10 years, the agreement entails CESL and HPCL to jointly undertake setting up […] Read more
S&W Solar Expands Menu, Adds Hybrid energy, Storage and Waste To Energy Updated On Fri, Jul 30th, 2021 by Saurenergy Sterling and Wilson Solar Limited (S&W Solar) has announced that it will be expanding its EPC (Engineering, Procurement and construction) solutions offerings to cover Hybrid energy projects as well now. Besides this, it will double don further on its energy storage solutions and waste to energy offering now. Hybrid energy solutions involve combining two or […] Read more
