Syngene Announces Acquisition of 26% Stake in Ampyr Updated On Wed, Jul 13th, 2022 by Saurenergy The corporate sector is bullish about investments in the renewable sector reasoned by the availability of cheap power and compulsions under ESG ambitions. In a latest development, Syngene International has revealed that it is looking to acquire up to 26 per cent equity stake in Ampyr Renewable Energy Resources Eleven, which is a SPV formed […] Read more
ReNew To Refinance Dollar-Denominated Bonds, First RE Player To Do So In India Updated On Wed, Jul 13th, 2022 by Saurenergy India renewable energy major ReNew Energy Global has announced that it has successfully refinanced its 2024 maturity dollar-denominated bonds with amortizing project debt from an Indian non-bank financial company. ReNew claims to have become the first Indian renewable energy company to have done this. The official statement of ReNew held that issued bonds worth $ […] Read more
Uttar Pradesh Invites E-Tender for 38 MW Of Solar PV System Updated On Tue, Jul 12th, 2022 by Saurenergy A tender for 38 MW of rooftop solar system has been floated by Uttar Pradesh New And Renewable Energy Agency (UPNEDA). This solar project will be executed under The Ministry of New and Renewable Energy (MNRE) GCRT Phase-2 scheme. The last date of submitting the bid is July 31, 2022 and the bid will open […] Read more
BP And Thyssenkrupp Steel Sign MoU On Supply Of RE In Steel Production Updated On Tue, Jul 12th, 2022 by Saurenergy British Oil major BP and German metal working giant Thyssenkrupp Steel have signed an MoU to ensure long-term supply of low carbon hydrogen and renewable power for steel production. Among the renewable options for both the companies are blue hydrogen, green hydrogen, wind and solar generation through solar purchase agreements. Steel accounts for 8-11% of […] Read more
JREDA Extends Deadline For 18 MW Solar Project at Giridih Solar City Updated On Mon, Jul 11th, 2022 by Saurenergy Recently, Jharkhand Renewable Energy Development Agency (JREDA) has the announcement of the extension of date & time for submission & opening of bids for 18 MW Grid Connected solar power plants at Giridih City. The last date for receipt of online bids has been extended from 13th July 2022 to 27th July 2022. The bid […] Read more
Power Finance Corp Signs Loan Agreement With Japan Bank For JPY 30 Billion Updated On Fri, Jul 8th, 2022 by Saurenergy An Indian financial institution under the ownership of the Ministry of Power, Power Finance Corp (PFC) has signed a loan agreement with Japan Bank for International Cooperation (JBIC). Through this loan agreement, Power Finance Corp will seek JPY 30 billion as loan amount from JBIC. As part of its “Global action for Reconciling Economic growth […] Read more
IRENA Releases Reports On Global Hydrogen Trading Trends In 2050 Updated On Fri, Jul 8th, 2022 by Saurenergy A new report by International Renewable Energy Agency (IRENA) has said that to make the trade of hydrogen cost-effective, the costs of producing and trading green hydrogen must be lower than domestic production to offset higher transport cost. Hydrogen trade can contribute to a more diversified and resilient energy system, allowing countries to decarbonise their […] Read more
Himachal Group Opposes World Bank Consultation Over Hydropower Updated On Fri, Jul 8th, 2022 by Saurenergy A motley group of dam affected people and other activists in Himachal Pradesh have shot off a letter to the World Bank and Directorate of Energy, HP, on July 6 protesting against the hydropower projects in the state. They also boycotted the scheduled ‘Stakeholder Consultation’ for the proposed $200 million ‘Himachal Pradesh Power Sector Development Programme’. […] Read more
At Tata Power AGM, 30 GW Capacity Target For 2027 Firmly in Sight Updated On Fri, Jul 8th, 2022 by Saurenergy On the back of a strong set of results in FY 22, Tata Power Chairman Natarajan Chandrasekaran, iterated the firm’s focus on renewables at the Annual general Meeting of shareholders. Capex of Rs 75,000 crores over the next 5 years in renewables is expected the take the share of renewables to over 60% during the […] Read more
