NLC Joins Hands with Rajasthan for 300 MW Solar Supply Updated On Fri, Aug 18th, 2023 by Saurenergy Lignite mining firm NLC India (NLCIL) has joined hands with Rajasthan Urja Vikas Nigam (RUVNL) to provide 300 MW of solar power. This is under the CPSU Scheme at Rajasthan. The PPA has been signed for a period of 25 years. NLCIL said. “The company has secured 510 MW solar project capacity in the CPSU […] Read more
IREDA Reports Net NPA Reduction, Profit Jump In Q1 Fy24 Updated On Wed, Aug 16th, 2023 by Saurenergy Indian Renewable Energy Development Agency Ltd. (IREDA), a Mini Ratna (Category – I) Government of India enterprise under the administrative control of Ministry of New and Renewable Energy, has reported an all-time high Quarterly Profit After Tax (PAT) of Rs. 295 crores and Profit Before Tax (PBT) of Rs. 440 crores in the 1st Quarter […] Read more
Norfund Pumps Repeat Investment into Fourth Partner Energy for ₹350 Cr Updated On Fri, Aug 11th, 2023 by Saurenergy Norwegian Investment Fund for developing countries – Norfund today announced a fresh investment of ₹350 Cr into renewable energy solutions platform, Fourth Partner Energy (4PEL). This is the second round of equity infusion by Norfund into 4PEL, following its $100 Mn investment in June 2021. Speaking about this development, Anders Blom, Vice President at Norfund […] Read more
Chintan Shah Joins NSEFI’s Advocacy For India’s Energy Transition Updated On Fri, Aug 4th, 2023 by Saurenergy Renewable Industry Veteran Chintan Shah joins National Solar Energy Federation of India (NSEFI) as Principal Advisor and will be playing a key role in organization’s advocacy efforts to accelerate India’s Energy Transition. Shah is bringing extensive expertise spanning three decades in various key roles within India’s Renewable Energy sector. He has demonstrated proficiency in Solar, […] Read more
Govt Issues Bid Seeking Registrar, RTA For Partial Disinvestment of IREDA Updated On Wed, May 17th, 2023 by Saurenergy The Ministry of Finance has now issued a tender seeking a Registrar and a Share Transfer Agent (RTA) for the listing and partial disinvestment of the Indian Renewable Energy Development Agency Limited (IREDA). The tender said that the engagement of the personnel would be done through an initial public offer to raise funds through the issue of […] Read more
MNRE Official Indicates India’s First Offshore Wind Tender By June End Updated On Tue, May 16th, 2023 by Saurenergy A top official of Ministry of New and Renewable Energy (MNRE) has announced that India may float its first offshore wind energy tender in the coming four to six weeks. The information has been shared by MNRE Joint Secretary Dinesh Jagdale during a side event of the Energy Transitions Working Group of the G20 Presidency […] Read more
Mufin Has Disbursed Highest Loans in Uttar Pradesh: Pankaj Gupta, Mufin Green Finance Updated On Mon, May 15th, 2023 by Saurenergy Mufin Green Finance, which claims to be India’s first listed NBFC dedicated to green financing, began its journey in 2016 with E-rickshaws way back. The firm claims a market share of 5% in e-rickshaw financing and says it has been able to keep the NPAs as low as 1.92%. With a portfolio dominated by borrowers […] Read more
EV Ride Hailing Service BluSmart Rakes Up $42M to Augment Operations Updated On Fri, May 5th, 2023 by Saurenergy EV ride-hailing firm BluSmart Mobility, which also serves as an EV charging superhub infrastructure operator, has shared that it has pocketed $42 million in its recently held round in April. BluSmart Mobility will employ the funds raised to expand reach into mega cities, and expand fleet to 10,000 over the next year. BluSmart boasts of […] Read more
Avendus Capital Places India’s Renewable Investment Opportunity At $25 Billion Per Annum Updated On Wed, Mar 29th, 2023 by Saurenergy Avendus Capital, India’s largest Investment Banking franchise, has released a new research report on energy transition and clean energy investment in India, in collaboration with Clean Energy Pipeline, an independent research firm based in the UK. According to the study, the Indian energy transition landscape is expected to undergo a sea change over this decade […] Read more
