NTPC, Chhattisgarh Genco To Build 2 GW Renewable Energy Projects Updated On Wed, Nov 27th, 2024 by Saurenergy NTPC recently signed a Memorandum of Understanding (MoU) with Chhattisgarh State Power Generation Co. Ltd. (CSPGCL) to develop up to 2 GW of renewable energy projects, including floating solar projects. To initiate the creation of this project, Chief Engineer (CP & BD) of CSPGCL, G. K. Gupta, and General Manager (Engineering) of NGEL, D. Joshi, […] Read more
Tata Power, ADB Seal $4.25Bn Deal To Finance 966 MW RE Projects In India Updated On Fri, Nov 22nd, 2024 by Saurenergy Tata Power, an integrated power company, and the Asian Development Bank (ADB) recently signed a Memorandum of Understanding (MoU) coinciding with the ongoing Climate Conference (COP29) at Baku, Azerbaijan. This deal evaluates financing for its several projects and to enhance India’s power infrastructure, and promote renewable and clean energy. The MoU outlines the evaluation of […] Read more
GAIL and AMG enter into a 2.5 GW RE Agreement Updated On Mon, Oct 7th, 2024 by Saurenergy GAIL (India) Ltd and AM Green (AMG) signed a Memorandum of Understanding (MoU) for the development of up to 2.5 GW of solar-wind hybrid renewable energy projects across India. The deal would also involve a study on the utilization of around 350 kta (kilotons per annum) of CO2 generated by GAIL at its gas processing […] Read more
NHPC, APGENCO Tie Up For 1.8 GW Renewable Energy Projects Updated On Mon, Sep 30th, 2024 by Saurenergy The National Hydroelectric Power Corporation (NHPC) and Andhra Pradesh Power Generation Corporation (APGENCO) recently entered into a Memorandum of Understanding (MoU) to form a Joint Venture Company (JVC). This collaboration aims at the implementation of a total of 1.8 GW renewable energy projects in the state. These projects include, Pumped Storage Hydro Power Projects and […] Read more
Climate Risk for Renewable Energy Projects & Parametric Insurance Updated On Fri, May 31st, 2024 by Saurenergy Amidst the global conversation on climate change, the renewable energy sector finds itself at a critical juncture. As we grapple with shifting weather patterns and rising temperatures, the sector faces significant challenges in maintaining its infrastructure and ensuring operational efficiency. Research suggests a 12% reduction in wind turbine capacity by the century’s end, and a […] Read more
World Bank Allocates $300 Mn For RE Projects in Eastern & Southern Africa Updated On Fri, Feb 16th, 2024 by Saurenergy The World Bank has extended a facility of close to $300 million to the Eastern and Southern African Trade and Development Bank (TDB), to support distributed renewable energy (DRE) and clean cooking private sector projects in eligible countries of the World Bank’s International Development Association (IDA) that are TDB member states. This new facility follows […] Read more
IREDA Signs MoU with IOB For Co-lending For Renewable Energy Projects Updated On Thu, Jan 18th, 2024 by Saurenergy Indian Renewable Energy Development Agency Ltd. (IREDA), a non-banking financial institution under the Ministry of New and Renewable Energy (MNRE), has signed a Memorandum of Understanding (MoU) with Indian Overseas Bank (IOB) pertaining to co-lending and loan syndication for a diverse spectrum of renewable energy projects across the country. The MoU includes provisions for co-lending […] Read more
SECI Invites Bids for 500 MW Firm & Dispatchable Power from Renewable Energy Projects Updated On Fri, Sep 1st, 2023 by Saurenergy The Solar Energy Corporation of India (SECI) has issued an RFS for 500 MW firm and dispatchable power from ISTS-connected Renewable Energy (RE) power projects. SECI will select renewable energy power developers for the supply of 500 MW firm and dispatchable power on demand-following basis from ISTS-connected RE projects in India. Land and connectivity shall […] Read more
Hero Future Energies Signs MoUs for INR 6200 Cr to Develop Future RE Projects Updated On Tue, Jul 25th, 2023 by Saurenergy Hero Future Energies has signed two Memorandums of Understanding (MoUs) with REC Limited and PFC Limited for infusion of INR 31100 crores each in HFE over the next five years. The MoUs, were signed on the sidelines of 4th G20 Energy Transition Working Group (ETWG) meetings at Goa. A sum of Rs 6200 crores, gained […] Read more
