Chicago Sets Sights On Acquiring 100% Renewable Energy By 2025 Updated On Wed, Aug 10th, 2022 by Saurenergy The city of Chicago in the USA has committed to acquiring 100% renewable energy by 2025 for use in all city facilities and activities, and as the first step in that process, has reached an agreement with electricity provider Constellation for the purchase of renewable energy. A 593MW solar PV plant will be built by […] Read more
Assam To Invest Rs 10,000cr For 2000 MW Solar Power Updated On Wed, Aug 10th, 2022 by Saurenergy The Assam government has decided to produce 2,000 MW of solar power with an investment of Rs 10,000 crore. Chief Minister Himanta Biswa Sarma has said that the capacity will be added in the next three years. Assam wants to add 2000MW solar through two projects. The state will form a joint venture with centre-owned NLC India. It […] Read more
Actis Buys 400MW Solar Assets Of Kolkata-Based Atha Group Updated On Wed, Aug 10th, 2022 by Saurenergy In a key development, Actis LLP has emerged successful in the bid to obtain solar power based assets of 400 MW from Kolkata-based Atha Group. The equity value had been pegged at $100 million. As per reports, sale purchase agreement is already inked between the two companies. The deal of the solar power assets is […] Read more
Direct Benefit Transfer: State Saves 33 MU of Power in Agriculture Sector Updated On Wed, Aug 10th, 2022 by Saurenergy In Srikakulam district of Andhra Pradesh, a trial programe for the Direct Benefit Transfer (DBT) program for agricultural energy connections was begun around a year ago. During the 2020–21 financial year, the 26,083 agricultural connections used around 101 million units of power. Since the program was introduced, the number of connections have climbed to 28,393 […] Read more
Brazil Adds Over 500 MW Of Wind, Solar Energy In July Updated On Tue, Aug 9th, 2022 by Saurenergy The power sector regulator of Brazil – ANEEL– has announced there has been an addition of about 514.63 MW of solar and wind power capacity to the renewable energy basket in the previous month of July. The data shared by ANEEL revealed that the solar farms had contributed for the majority of the renewable additions […] Read more
Torrent Power Q1 FY23: Profit Sees Two-Fold Surge Updated On Tue, Aug 9th, 2022 by Saurenergy Leading Ahmedabad-based power player Torrent Power Limited has released its Q1 FY-23 results. For the April to June quarter (Q1) of the current financial year, the company’s consolidated net profit increased by more than 140% to Rs 502.01 crore from Rs 207.78 crore in the equivalent quarter of the previous financial year 2021–22. The revenue […] Read more
BHEL Issues Tender For O&M Of 100 MW Solar Plant At GSECL, Gujarat Updated On Tue, Aug 9th, 2022 by Saurenergy Bharat Heavy Electricals Limited (BHEL) has invited bids for Operations and Maintenance (O&M) work of the 100 MW Grid-connected solar power plant at GSECL, Raghanesda Solar Park Phase-I, Gujrat. Tender is a two-part bid system. The tender documents consist of Part – A and Part – B as detailed below: Part ‘A’: Techno-commercial Bid duly sealed […] Read more
Two Of The Four Gujarat State Discoms Top All-India Integrated Rating Updated On Mon, Aug 8th, 2022 by Saurenergy In the 10th Integrated Rating of Power Distribution Utilities, published by the Union Power Ministry, two of the four state-owned power distribution firms (DISCOMS) of Gujarat have emerged on top. Dakshin Gujarat Vij Company Limited (DGVCL) and Madhya Gujarat Vij Company Limited (MGVCL), two of the 71 discoms evaluated, took the top two spots, while […] Read more
Octopus Energy, Nest And GLIL Invest £200 Million In Hornsea One Updated On Mon, Aug 8th, 2022 by Saurenergy Octopus Energy Generation’s fund management group has invested £200 million in Hornsea One. For a sum of £400 million, the company has purchased a 12.5% share from Global Infrastructure Partners through a joint venture with GLIL Infrastructure, which is also contributing £200 million. A £3.6 billion fund called GLIL makes infrastructure investments on behalf of […] Read more
