PM KUSUM: Ambitions Continue to Overpower Ground Work in 2023 Updated On Fri, Dec 15th, 2023 by Saurenergy The Union Minister for New & Renewable Energy and Power R.K. Singh has informed that 2.73 lakh standalone solar pumps have been installed under PM-KUSUM as on October 31, 2023. Not surprisingly, Component A has barely seen installations, with Component C being disappointing. Component B has fared better relatively. Component A Installations Fail to Impress […] Read more
EU New Electricity Market Design To Speed-Up Renewable Deployment Updated On Fri, Dec 15th, 2023 by Saurenergy A latest report shared by the European Council and the Parliament has revealed that they have reached a provisional agreement to reform the EU’s electricity market design (EMD). “This deal is great news, as it will help us reduce even more the EU’s dependence on Russian gas and boost fossil-free energy to cut greenhouse gas […] Read more
Suzlon Armed with 100.8 MW Wind Power Project in Gujarat Updated On Fri, Dec 15th, 2023 by Saurenergy Renewable energy solutions provider, Suzlon Group, has announced a new order win for the development of a 100.8 MW wind power project for a global utility firm. Suzlon will install 32 wind turbine generators (WTGs) with a Hybrid Lattice Tubular (HLT) tower and a rated capacity of 3.15 MW each. The project is located in […] Read more
Sterling & Wilson Renewable Energy Raises INR 1,500 Cr via QIP Route Updated On Fri, Dec 15th, 2023 by Saurenergy Sterling & Wilson Renewable Energy Limited (SWRE) has announced the completion of a fundraise of INR 1,500 crore through Qualified Institutions Placement (QIP) route. The Securities Issuance Committee of Board of Directors, at its meeting held on December 14, 2023, approved the issue and allotment of 4,32,27,665 equity shares of face value Re. 1 each […] Read more
Accelerating Renewables Can Prevent Rail Network Congestions: IEEFA Updated On Thu, Dec 14th, 2023 by Saurenergy Indian Railways can better utilise its resources and serve the Indian economy more effectively if policymakers focus on accelerating renewable energy generation rather than expanding coal freight by rail, a new report by the Institute for Energy Economics and Financial Analysis (IEEFA) finds. The IEEFA report analyses various forecasts by different agencies of the Indian government and […] Read more
ReNewX Gears Up To Showcase Renewable Opportunities In South India At Hyderabad In 2024 Updated On Thu, Dec 14th, 2023 by Saurenergy South India, with its long coastlines, ample sunshine, and windswept hills, presents a golden opportunity for businesses in the renewable energy sector. With a focus on sustainability and clean energy, the region is witnessing a rapid expansion in solar, wind, and other renewable energy projects. This creates a dynamic landscape ripe for innovation and entrepreneurial […] Read more
Shell Sells Part Ownership In 2 US Renewable Projects To InfraRed Capital Updated On Tue, Dec 12th, 2023 by Saurenergy Savion Equity, Shell Wind Energy, Shell Wind Energy Inc. and Savion Equity, LLC, subsidiaries of Shell plc (Shell), have agreed to sell partial ownership stake in two U.S.-based renewable energy projects to InfraRed Capital Partners (InfraRed). Shell will sell 60% interest in Brazos Wind Holdings, LLC (Brazos), a 182-megawatt (MW) onshore wind farm in Fluvanna, […] Read more
Rajasthan Biggest Beneficiary Of Renewable Energy Lending: Report Updated On Mon, Dec 11th, 2023 by Saurenergy A latest report by Climate Trends and the Centre for Financial Accountability (CFA) on the financing of coal and renewable projects claimed that Rajasthan remained the largest beneficiary of renewable energy lending in the country. The study assessed 68 project finance loans across 11 coal and renewable energy projects in India that reached financial closure […] Read more
Jamaica Public Service Issues Renewable Energy & Battery Storage Tenders of 298 MW Updated On Mon, Dec 11th, 2023 by Saurenergy Jamaica Public Service Company Limited (JPS) has issued an RFS for the engineering, procurement, and construction services for a 115 MW utility-scale solar plant, a 171.5 MWh battery energy storage system, and a 12 MW wind plant. The projects will be set up in the Caribbean country. The BESS systems (battery energy storage systems) vary […] Read more
