UPERC Proposes Tighter Norms For Banking Renewable Energy Updated On Tue, May 13th, 2025 by Saurenergy In a significant shift likely to impact investment decisions in Uttar Pradesh’s energy sector, the Uttar Pradesh Electricity Regulatory Commission (UPERC) has proposed sweeping changes to the banking provisions for captive and renewable energy projects under its Draft (Captive and Renewable Energy Generating Plants) Regulations, 2024. The new draft regulation, which will replace the 2019 […] Read more
Borosil Renewables Q4 Results: Revenue Up, Losses Down Updated On Sun, May 11th, 2025 by Saurenergy Indian solar glass manufacturer Borosil Renewables has announced its audited financial results for the quarter (Q4)and year ended March 31, 2025 (FY25). The latest results, submitted by the firm before the stock exchange, reported strong growth in revenues, both on a quarterly and annual basis, but continued to face widening losses amid rising input and […] Read more
ArcelorMittal’s 1GW Renewable Energy Project Begins Power Supply To Nippon Steel Updated On Fri, May 9th, 2025 by Saurenergy ArcelorMittal’s 1GW solar and wind project located in Andhra Pradesh, southern India, has recently started providing clean electricity to AM/NS India which is ArcelorMittal’s 60/40 Indian steelmaking joint venture with Nippon Steel. The $0.7 billion project was developed, constructed, and commissioned by AM Green Energy, an ArcelorMittal subsidiary. The India renewables project has been developed […] Read more
India’s Renewable Energy Sector Sees Surge In FDI: CEEW Updated On Thu, May 8th, 2025 by Saurenergy India’s renewable energy sector accounted for nearly 8 percent of total foreign direct investment (FDI) inflows in the financial year 2024-25, up from about 1 percent in FY21. The trend was revealed in the latest Market Handbook released by the Council on Energy, Environment and Water’s Green Finance Centre (CEEW-GFC). The sector attracted USD 3.4 […] Read more
BioLite Acquires Baobab+ To Further Renewable Energy In Africa Updated On Thu, May 8th, 2025 by Saurenergy Paris-based Baobab Group which provides financing to MSMEs mostly in Africa, has announced the successful completion of the sale of its majority stake in Baobab+ to BioLite. Headquartered in New York and Nairobi, BioLite was founded in 2009 by Jonathan Cedar and Alec and distributes off grid energy products. This strategic divestment will enable Baobab+ […] Read more
ReNew Bags $100 Mn BII Funding For Solar Manufacturing in India Updated On Tue, May 6th, 2025 by Saurenergy Sumant Sinha led ReNew Energy Global Plc has secured an INR 8700 million (US$100 million) investment from British International Investment (“BII”), the UK’s development finance institution and impact investor, to accelerate the growth of its solar manufacturing business in India. The investment will be made in ReNew Photovoltaics Private Limited, ReNew’s dedicated solar manufacturing subsidiary […] Read more
Brookfield Renewable Reports Record Q1 FFO Despite Net Loss Updated On Tue, May 6th, 2025 by Saurenergy Brookfield Renewable Partners L.P. (BEP) reported Funds From Operations (FFO) of $315 million, or $0.48 per unit, for the quarter ended March 31, 2025. The company said FFO rose 15 percent year-on-year when adjusted for strong hydro generation in the prior year. Overall, FFO per unit increased 7 percent, supported by inflation-linked cash flows, portfolio […] Read more
