Ørsted and Nestlé Sign15-Year Offshore Wind PPA Updated On Tue, Apr 28th, 2020 by Saurenergy Nestlé UK has signed a 15-year PPA with Ørsted to buy green power output worth 31 MW from the 573 MW Race Bank Offshore Wind Farm. Nestlé UK, the UK subsidiary of one of the world’s largest food and beverage companies, Nestlé, has signed a 15-year indexed fixed-price power purchase agreement (PPA) with Ørsted, […] Read more
Inox Wind Opens All Manufacturing Facilities with Permission from Local Authority Updated On Mon, Apr 27th, 2020 by Saurenergy Inox wind, a leading Wind Energy Solutions provider in India, has reopened its manufacturing facilities across the country. After lockdown order issued by the government in the wake of containment of coronavirus pandemic, Kailash Tarachandani-led company had earlier on March 26, 2020 suspend operations at all its three manufacturing sites situated at Ahmedabad, Barwani and […] Read more
MNRE Has A New Secretary, Indu Shekhar Chaturvedi Updated On Sun, Apr 26th, 2020 by Saurenergy Indu Shekhar Chaturvedi, a 1987 batch IAS (Indian administrative service) officer of the Jharkhand cadre, has been appointed as the new secretary of the Ministry of New and Renewable Energy (MNRE). Mr Chaturvedi will take over from Anand Kumar, himself an IAS from the 1984 Kerala cadre. Mr Chaturvedi was earlier the Additional Chief Secretary […] Read more
L&T Construction Bags Rs 1,000 – Rs 2,500 Cr Orders from Indian Railways’ SPV for Electrification Updated On Fri, Apr 24th, 2020 by Saurenergy Conglomerate Larsen & Toubro’s construction arm, L&T Construction, has won significant contracts worth Rs 1,000 crore to Rs 2,500 crore for the electrification works from DFCCIL, a special purpose vehicle (SPV) of Indian Railways. The company has won this order through its Railways Strategic Business Unit in consortium with Kyosan Electric Manufacturing, a Japanese company […] Read more
Sterlite Power Commissions 765KV Khandwa Substation in MP Updated On Thu, Apr 23rd, 2020 by Saurenergy Few days after commissioning of Rs 1,027 crore Gurgaon Palwal Transmission Project (GPTL), Sterlite Power has now commissioned 765kV Khandwa substation in Madhya Pradesh (MP). This Khandwa substation is part of the company’s Khargone Transmission Limited (KTL) project, which will play an important role in stepping down the high voltage 1,320 MW power from Khargone […] Read more
RWE Renewables Closes Financing for 151 MW Wind Project Updated On Thu, Apr 23rd, 2020 by Saurenergy RWE Renewables has announced that it has completed the successful tax equity financing of its 151 MW Peyton Creek wind farm in Matagorda County, Texas. RWE Renewables has announced that it has completed the successful tax equity financing of its 151-megawatt (MW) Peyton Creek wind farm in Matagorda County, Texas. A subsidiary of Bank of America provided […] Read more
Subsidies for Renewables in India Dropped 35% From FY17 to FY19: Report Updated On Fri, Apr 17th, 2020 by Saurenergy According to a new study, the renewables subsidies in India fell 35 percent from FY17 to FY19, while its oil and gas subsidies increased by 65 percent. The renewables subsidies in India fell 35 percent from FY17 to FY19, while its oil and gas subsidies increased by 65 percent according to a new study entitled […] Read more
BlackRock Raises USD 5.1 Bn for Global Energy & Power Infrastructure Fund III Updated On Thu, Apr 16th, 2020 by Saurenergy BlackRock has achieved a USD 5.1 billion final close of Global Energy & Power Infrastructure Fund III (GEPIF III) BlackRock through its Global Energy & Power Infrastructure Fund (GEPIF) has achieved a USD 5.1 billion final close of Global Energy & Power Infrastructure Fund III (GEPIF III), making it the largest alternative investment fundraise in […] Read more
We Received Force Majeure Notices from Various Discoms, Despite Govt Directive: Azure Power Updated On Mon, Apr 13th, 2020 by Saurenergy Despite government directive to power distribution companies (Discoms) to pay dues on time, the country’s one of the leading independent solar power producer (IPP), Azure Power said that it has received Force Majeure notices from various Discoms citing an inability to perform their obligations as per the PPA due to Covid-19. There has been a […] Read more
