Delhi LG Suspends State’s Solar Policy, Accuses AAP; ‘CM Lying’, Says LG: Report Updated On Wed, Feb 28th, 2024 by Saurenergy A month after Delhi CM Arvind Kejriwal announced the new solar policy for the national capital, LG Vinai Kumar Saxena has suspended its implementation, as per several media reports citing AAP sources. AAP also alleged that the LG is obstructing the implementation of the policy till the Model Code of Conduct comes into force to […] Read more
NLC India Invites Bid For Central Inverters For 600 MW Khavda Solar Project Updated On Mon, Feb 26th, 2024 by Saurenergy NLC India has issued a tender inviting bids for the supply of central inverters for a 600 MW Solar Project in GSECL’s Solar Park at Khavda inGujarat. The bids have been sought under a two-part system followed by reverse bidding. This 600 MW Solar Power Project will be developed by NLCIL through its wholly-owned subsidiary […] Read more
Singapore-based Sembcorp Industries Acquires 228 MW Wind Assets In India Updated On Mon, Feb 19th, 2024 by Saurenergy Singapore-based renewable energy company Sembcorp Industries (Sembcorp) has announced that it has, through its wholly-owned subsidiary Green Infra Wind Energy Limited completed the acquisition of 100% of the share capital in two special purpose vehicles (SPVs) of Leap Green Energy Private Limited. The SPVs own 228MW of operational wind assets in Madhya Pradesh, Maharashtra, and […] Read more
COVER STORY: Increased Govt Thrust Set To Give Rooftop Solar Financing A Fillip Updated On Tue, Feb 13th, 2024 by Saurenergy Days after the announcement of PM Suryodaya Yojana on January 22, its impact was felt in different parts of the country. Several states, ministries, energy regulators and companies seem to be in a race to enable faster adoption of rooftop solar. Union Minister for New and Renewable Energy already announced increasing subsidies for residential rooftop […] Read more
IFC, SIMA Invest $150 mn In Green Bonds For Solar Projects In Africa Updated On Thu, Feb 8th, 2024 by Saurenergy International Financial Corporation (IFC), a member of the World Bank Group (WBG), in partnership with Social Investment Managers and Advisors LLC (SIMA Funds or SIMA) and other financiers, has reached the first close of a $150 million solar green bond, which expected to finance productive-use solar projects throughout Africa. The bond is expected to finance […] Read more
Tata Power Solar Cross ₹ 3,500 Cr Customer Financing Bolstering Solar Adoption Updated On Mon, Feb 5th, 2024 by Saurenergy Tata Power Solar Systems Limited (TPSSL), wholly-owned subsidiary of Tata Power Renewable Energy Limited (TPREL), has said that it has facilitated over ₹ 3,500 crore of customer financing for solar projects during the last 4.5 years. This has led Tata Power to emerge as the nation’s most preferred green energy partner which is mainstreaming the […] Read more
With Twin Deals, Cubico Acquires 1600-MW Renewables’ Pipeline in Mexican Market Updated On Thu, Feb 1st, 2024 by Saurenergy Cubico Sustainable Investments has announced the completion of two transactions which it says significantly enhance the company’s renewable energy footprint and development portfolio in Mexico. Through the acquisition of Renantis Mexico and a strategic agreement with Sowitec Group, the development pipeline of Cubico in Mexico has now exceeded 1.6 GW. The company says that the […] Read more
ADB Issues its Largest Local Currency Green Bond in Indian Rupees Updated On Wed, Jan 31st, 2024 by Saurenergy The Asian Development Bank (ADB) has raised 12.5 billion Indian rupees (about $150 million) through its largest local currency green bond issue to date. The issue is structured as a 4-year currency-linked bond, with a bullet repayment at maturity and carrying a fixed interest rate of 6.72% per year, ADB said in a media release […] Read more
APTEL Gives SCOD Extension To Kranthi Ediffice For Telangana Solar Project Updated On Wed, Jan 31st, 2024 by Saurenergy In a case about seeking an extension in the Scheduled Commercial Operation Date (SCOD) for a solar photovoltaic power project in Telangana, the petition filed by Kranthi Ediffice Private Limited was upheld, and the firm got an extension of 90 days by the Appellate Tribunal for Electricity (APTEL). The company was a successful bidder through […] Read more
