With Green Bonds in Budget’22, RE Financing Grows in India: IEEFA Updated On Thu, Feb 3rd, 2022 by Saurenergy As India’s renewable energy sector growth continues to outpace all other global economies, the Budget announcement on issuing green bonds – which are among the most widely used instruments for funding green infrastructure – will massively support this trajectory, finds a new report out by the Institute for Energy Economics and Financial Analysis (IEEFA). The union […] Read more
ReNew Announces $250 Million Share Buyback and Preliminary Results for Q3 FY’22 Updated On Thu, Feb 3rd, 2022 by Saurenergy Nasdaq listed ReNew Energy Global plc has announced that its Board of Directors has authorized a new $250 million share repurchase program to buy back Class A Ordinary Shares (“Share Repurchase Program”) in the capital of the Company. In addition, the Company is providing updates on certain financial metrics for the quarter and nine months ended December 31, […] Read more
Ford Shifts Into High Gears For Electric, Will Invest $20 Billion Updated On Wed, Feb 2nd, 2022 by Saurenergy The eco – friendly push in the mobility sector continues to surprise, and add momentum, sometimes well beyond projections as auto makers scale up plans. The latest news comes from Ford Motor, the American auto conglomerate, that has planned to invest a massive $20 billion in the future to match other players as far as […] Read more
ElectriVa Plans to Create ‘One Lakh’ Charging Points in India Updated On Wed, Feb 2nd, 2022 by Saurenergy It is an open secret that without an expanse of charging stations in the country, the adoption of electric vehicles on a massive scale will remain a challenge and the national quest for a pollution free environment will remain at a distance. In this scenario, ElectriVa, an electric vehicle charging provider, has disclosed its ambition […] Read more
MNRE Focus On Residential Rooftop, As National Portal for Subsidy, Net Metering In the Making Updated On Wed, Feb 2nd, 2022 by Saurenergy The Ministry and New and Renewable Energy (MNRE) under Power Minister R.K. Singh finally seems to be paying heed to the crying need for attention from the rooftop solar sector. To give some speed to the reeling rooftop solar segment MNRE has issued a simplified procedure for residential consumers to get the rooftop solar plant […] Read more
NTPC Invites Tender For RO Plants and Solar Powered ATMs Updated On Wed, Feb 2nd, 2022 by Saurenergy National Thermal Power Corporation Limited (NTPC Ltd.), has notified a tender invitation for Operation and Maintenance (O&M) of Reverse Osmosis (RO) Plants with Solar Powered ATMs and Delivery of Safe Drinking Water at Seven Different Villages around NTPC Sipat, Chhattisgarh, for a period of two years. The deadline for the submission of bids is February […] Read more
SECI Announces Results of 1800 MW of Solar, Wind Solar Projects Updated On Wed, Feb 2nd, 2022 by Saurenergy On a big day for tender results, SECI has announced the winners of the tender for 1200 MW solar projects in Karnataka, under Tranche X of its tendering programme. Ayana Renewable Power (Represented by Project Eight Renewable Power Private Limited) and Fortum (Represented by SolarOne Energy Private Limited) have been awarded 300 MW each at […] Read more
AGEL Announces Q3 Results. Ebitda From Power Supply Up 56% YOY Updated On Wed, Feb 2nd, 2022 by Saurenergy Adani Green Energy Limited (AGEL), the green energy development arm of the Adani Group has announced its results for the 9 months ending December 2021. With operational capacity increasing by 83% to 5410 MW, the company has a strong set of results to show for Q3, even as the Adani group embarks on a massive […] Read more
A Solar PLI Scheme Disregarding MSME Sector Could Lead To Cartel Like Situation In Solar Too Updated On Wed, Feb 2nd, 2022 by Saurenergy The announcement of the PLI scheme expansion from Rs 4500 crore till now by a further Rs 19,500 crores was the most notable one for the solar sector in the Budget for 2022. While widely welcomed, the move does raise an existential question for the hundreds of SME and MSME firms involved in the module […] Read more
