Vedanta backed Serentica Renewables, Greenko Group In1500 MWhr Industrial Storage Deal Updated On Mon, Nov 14th, 2022 by Saurenergy Vedanta resources backed Serentica Renewables, a decarbonization platform that seeks to accelerate the energy transition for energy-intensive industries, has entered into an agreement with Greenko Group, to source 1500MWhr energy storage capacity through Greenko’s pumped storage projects located in India. As part of this partnership, Serentica will capitalise on Greenko’s energy storage capacity from its […] Read more
Will Hydrogen Contribute Toward Energy Transition Of India? Updated On Mon, Nov 14th, 2022 by Saurenergy The first few days of CoP27 have shown quite an enthusiasm for the potential of hydrogen to the energy transition. Government and private leaders have endorsed hydrogen as an opportunity and solution to decarbonise the economy. While the countries in the Middle East and North Africa (MENA) region are eager to exploit the potential of […] Read more
Germany’s Kfw, India’s SBI Ink EUR 150 million Pact for Solar Projects Updated On Fri, Nov 11th, 2022 by Saurenergy A financing arrangement for 150 million EUROS (EUR) has been reached by Kreditanstalt für Wiederaufbau (KfW) and the State Bank of India (SBI) to fund solar projects in India. Germany-based KfW finances investments and reform initiatives in a wide variety of sectors, including water supply, energy, and financial systems development. For the German Federal Ministry […] Read more
Corporate Renewable Procurement of 7 GW Sets New Record in Asia Pacific Updated On Thu, Nov 10th, 2022 by Saurenergy A study authored by Kyeongho (Ken) Lee, Principal Analyst, Asia Pacific Power & Renewables at Wood Mackenzie reveals that Corporations in Asia Pacific are set to contract a record 7 GW of renewable capacity in 2022. This is an 80% increase on 2021 as markets emerge from pandemic-related disruptions. Demand is largely driven by ambitious […] Read more
ReNew Power Gets Green Project Finance of Rs 800 Cr from Bank of America Updated On Wed, Nov 9th, 2022 by Saurenergy ReNew Power has received a loan/ green project finance from Bank of America totaling roughly Rs 800 crore, the lender’s first local project financing agreement in the renewable energy industry after a protracted absence. The company will benefit from cheaper funding costs thanks to the five-year green loan facility in rupees, as the money will […] Read more
Jindal Power Invites Bids for 150 MW Mono PERC Modules for Solar Projects Updated On Wed, Nov 9th, 2022 by Saurenergy Jindal Power has invited bids for 150 MW of MONO PERC solar modules for installing solar projects in various locations across infrastructure owned by Jindal Power in Odisha and Chhattisgarh. The last date for submitting the online bid is November 15, 2022, and bids will be opened on the same day. This Jindal Power 150 […] Read more
Offers For 3500 MW Pour In For PTC India Call For 1000 MW RE From Developers Updated On Wed, Nov 9th, 2022 by Saurenergy PTC India, the listed power trading firm, has announced that it has received a strong response to its call for expressions of interest from relevant players to supply 1000 MW of renewable energy for onward sales through market linked products. The 500 MW plus 500 MW greenshoe option was part pf Phase 1 of PTC […] Read more
The Solar Goldmine – Entrepreneurship In India’s Solar sector Updated On Wed, Nov 9th, 2022 by Saurenergy Ishan Chaturvedi, Co-Founder & Director at Vareyn Solar writes on what aspiring entrepreneurs should expect from India’s solar sector The surge in preference for renewable energy worldwide has brought solar power to the centre stage. In cognizance of the Indian government’s initiatives, schemes, and increased demand for renewable energy many entrepreneurs are taking the plunge […] Read more
KKR to Invest $400 Million in Sterlite Backed Serentica Renewables Updated On Tue, Nov 8th, 2022 by Saurenergy Kohlberg Kravis Roberts (KKR), a leading global investment firm, and Gurugram-based Serentica Renewables, a decarbonization platform that seeks to enable the energy transition by providing complex clean energy solutions for energy-intensive, hard-to-abate industries, have announced the signing of definitive agreements. Under the agreements, KKR will invest $400 million in the company. Standard Chartered Bank acted […] Read more
