Maharashtra Leads In Providing Incentive Under The Rooftop Solar Program In 2023 Updated On Wed, Dec 20th, 2023 by Saurenergy The Union Minister for New & Renewable Energy and Power (MNRE) informed the parliament in a written reply to the renewable energy capacity in the country has increased by about 2.35 times in the last decade. Among other details, the minister gives a state-wise detail of subsidies provided under various schemes to encourage new and […] Read more
India’s RE Sector Saw FDI Equity Investment of USD 6,137.39 Mn in Last 3 Financial Years Updated On Wed, Dec 20th, 2023 by Saurenergy The Minister for New & Renewable Energy and Power, R.K. Singh, disclosed measures taken to entice Foreign Direct Investment (FDI) into India’s renewable energy sector. Currently, India’s FDI policy permits up to 100% investment in the renewable energy sector through the automatic route. According to the Department for Promotion of Industry and Internal Trade (DPIIT), […] Read more
MERC Rejects MEDA’s Plea For 50% Local RE Procurement By Discoms Updated On Tue, Dec 19th, 2023 by Saurenergy The Maharashtra Energy Development Agency had filed a petition with the Maharashtra Electricity Regulatory Commission (MERC) asking it to issue appropriate directions to distribution licensees (discoms) to meet 50% of total Renewable Purchase Obligation (RPO) requirement by purchase of energy from Renewable Sources within the State. Maharashtra has achieved installed capacity of 10,799 MW as […] Read more
AmpIn Energy Transition to Electrify Eastern India with 600 MW Renewable Energy Updated On Tue, Nov 28th, 2023 by Saurenergy AmpIn Energy Transition, a renewable energy transition platform, is set to make a significant investment of INR 3,100 crores for setting up renewable energy projects of over 600 MW and an integrated manufacturing facility of solar cells and modules. Investments are planned in West Bengal, Bihar, Odisha, Jharkhand, Chhattisgarh and Northeastern states. In the region, […] Read more
HPCL Tender Seeks Developer for 78 MW Renewable Energy Updated On Fri, Nov 24th, 2023 by Saurenergy Hindustan Petroleum Corporation Limited has issued a tender for the supply of 78 MW of renewable energy under long-term open access from projects located anywhere in India. The developer selected in the HPCL tender will be responsible for supplying power to HPCL’s refinery in Mumbai. The last day for the submission of bids for the […] Read more
Haryana Releases Draft Solar Policy, Aims To Install 6GW RE Power Updated On Wed, Nov 8th, 2023 by Saurenergy The Haryana New and Renewable Energy Department has published its latest draft Solar Policy 2023. It has asked the stakeholders concerned to submit their opinion on the same within the next one month. In the latest draft note, the state renewable department aimed to install a cumulative 6000 Megawatt (MW) by 2030 in Haryana. The agency […] Read more
Radiance Renewables Secures Green Loan Facility for 150 MW Solar Project Updated On Thu, Nov 2nd, 2023 by Saurenergy EverSource Capital-backed Radiance Renewables Pvt. Ltd. has become the first commercial & industrial (C&I) renewable energy player in India to secure a green loan project finance facility for its 150 MW (AC) greenfield C&I solar power project located in Maharashtra. The facility will provide the necessary financing for the 150 MW (AC) solar project located […] Read more
Govt Issues Renewable Consumption Targets For Discoms, Others Updated On Tue, Oct 24th, 2023 by Saurenergy The Ministry of Power, in its latest notification, issued a trajectory of renewable energy consumption for discoms, open access and captive power consumers. The new norms make these obligated entities to phase out the usage of fossil fuels in a phased manner. The new mandate was issued as per Section 14 of the Energy Conservation Act, […] Read more
India To Install 21GW Of Onshore Wind Capacity Next 5 Years: GWEC Updated On Fri, Oct 13th, 2023 by Saurenergy Global Wind Energy Council (GWEC) recently released a detailed report on the status of onshore wind energy globally. GWEC’s Global Wind Workforce Outlook report sheds light on India’s status in onshore global wind energy. It said that India stands fourth in the world market in this technology. The report says that with more than 44 GW […] Read more
