Ministry of Power : Discoms Can Continue Or Leave PPA After Term Completion Updated On Thu, Mar 25th, 2021 by Saurenergy The Ministry of Power has issued a letter enabling the Discoms to either continue or exit from the PPA (Power Purchase agreement) after completion of the term of the PPA i.e. beyond 25 years or a period specified in the PPA and allow flexibility to the Generators to sell power in any mode after State/Discom […] Read more
Rs 30,000 Crore Solar, Wind Plus Pump Storage Project to Come up in Rajasthan Updated On Thu, Mar 18th, 2021 by Saurenergy Rajasthan is all set to develop a Rs 30,000 crore hybrid project with 4.5 GW of wind & solar assets and a 2520 MW pump hydro storage project A leader in renewable energy potential and uptake, the state of Rajasthan is all set to develop a new Rs 30,000 crore hybrid clean energy project that […] Read more
Blockchain Powered LO3 Energy Gets $11 Million For Distributed Energy Marketplace Updated On Mon, Mar 15th, 2021 by Saurenergy Portland, US based LO3 Energy has announced the first close of its $11 million Series B led by existing investor Shell Ventures. The money will go towards further development of Pando, LO3 Energys blockchain based solution that creates a marketplace for renewable energy at a community level. The latest infusion sees LO3’s total fund raising […] Read more
Mainspring Launches new Power Generation Technology; Announces $150 Mn Agreement with NextEra Updated On Wed, Mar 10th, 2021 by Saurenergy Mainspring Energy has launched the Mainspring Linear Generator, the first product in a new category of power generation technology for commercial and industrial buildings, utilities, and microgrids. The growing mandate for a reliable, affordable, and low-carbon electric grid is driving demand for new power generation technologies that can enable greatly increased use of renewable energy […] Read more
Nexamp Secures $440 Million in Debt Financing for Solar and Energy Storage Portfolio Updated On Tue, Mar 9th, 2021 by Saurenergy Largest financing deal ever for community solar assets, a model that provides equitable access to clean energy Nexamp, Inc., a leading renewable energy generator and community solar provider, has closed a $440 million senior secured credit facility for a 380-megawatt portfolio of solar and energy storage assets, the largest debt financing of its kind. The diverse portfolio […] Read more
ReNew Power to be Publicly Listed on the Nasdaq, Valued at $8Bn Updated On Thu, Feb 25th, 2021 by Saurenergy Sumant Sinha led Renew Power Private Limited, the country’s leading renewable energy generator has started the process to achieve a listing at the NASDAQ market in the US via the SPAC (Special Purpose Acquisition Company) route. As of December 2020, ReNew had a total capacity of close to 10 GW of wind and solar power […] Read more
200 MW Solar Project ‘Largest in West Africa’ to Come up in Nigeria Updated On Thu, Feb 18th, 2021 by Saurenergy B&S Power and Sunnyfred Global to design, develop, finance and construct West Africa’s largest solar PV project in Nigeria. B&S Power, a Singapore based renewable energy corporation, and Sunnyfred Global, a Nigerian investment entity, have concluded arrangements in collaboration with other stakeholders and Technical Partners, to Design, Develop, Finance and Construct West Africa’s largest solar […] Read more
Coal Power may Have Already Passed its Peak, if India Delivers its RE Targets Updated On Wed, Feb 17th, 2021 by Saurenergy An analysis by energy think tank Ember has revealed that coal power has continued to decline in India since reaching a peak in 2018. An analysis by energy think tank Ember has revealed that India’s coal power has continued to decline since reaching a peak in 2018. Coal-fired electricity generation in India fell 5 percent […] Read more
The 2021 Roadmap For Solar Updated On Thu, Feb 11th, 2021 by Saurenergy With Budget 2021 finally behind us, India’s renewable energy sector, particularly solar has to reckon with a new reality finally. The renewable energy sector, especially solar, will have the government’s ear, but don’t expect any major moves anytime soon, as the government grapples with broader issues across the economy. Solar at least has the comfort […] Read more
