Sunsure Energy secures Rs 100 billion debt financing from REC
Author: PPD Team Date: 21/09/2024
Author: PPD Team Date: 21/09/2024
Sunsure Energy has signed an agreement with REC for debt financing worth Rs 100 billion to support the development of 3 GW of solar, wind, hybrid, and battery energy storage system (BESS) projects. The deal was inked during the fourth Global RE-Invest Meet and Expo organized by the Ministry of New and Renewable Energy (MNRE) in Gujarat.
This financing will enable Sunsure Energy to expand its portfolio of open-access hybrid projects across India, helping the country accelerate its green energy transition. The projects are expected to offset five million tonnes of carbon dioxide annually by supplying clean energy to commercial and industrial customers.
Sunsure Energy is already supporting sustainability efforts for over 70 Indian industrial giants, including multinational corporations such as Sandoz, Lupin, KSB Pumps, and Inox Air Products, across 16 states.
Author: PPD Team Date: 29/01/2025 The EU will offer €30m ($31.4m) in emergency assistance to Moldova, including the separatist Transnistrian region, until 10 February 2025. The aid follows Russian gas supplier Gazprom’s failure to deliver natural gas, leaving over 350,000 people without electricity and heating. Moldova declared a 60-day national state of emergency starting 16 December 2024 due to expected gas cuts. The package will support electricity restoration and explore coal deliveries from Ukraine. It…
Author: PPD Team Date: 24/03/2025 The Ministry of Power (MoP) has directed all states and implementing agencies to finalise the awarding of battery energy storage system (BESS) contracts by June 2025. This move aims to ensure the completion of the viability gap funding (VGF) programme by May 2027. Once contracts are awarded, the programme will require 18 to 24 months for implementation. Due to declining BESS prices, the initial target of 4,000 MWh has been…
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Author: PPD Team Date: 24/10/2024 The Ministry of Coal has published the high-powered expert committee (HPEC) report on the gainful utilisation of overburden (OB) in the coal sector. The HPEC, comprising experts from various ministries, NITI Aayog, and coal companies, examined ways to repurpose OB—typically composed of soil, rock, and other discarded materials during coal mining—into valuable resources for economic growth and environmental sustainability. The report outlines strategies for processing OB to produce manufactured sand…
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Author: PPD Team Date: 29/01/2025 The EU will offer €30m ($31.4m) in emergency assistance to Moldova, including the separatist Transnistrian region, until 10 February 2025. The aid follows Russian gas supplier Gazprom’s failure to deliver natural gas, leaving over 350,000 people without electricity and heating. Moldova declared a 60-day national state of emergency starting 16 December 2024 due to expected gas cuts. The package will support electricity restoration and explore coal deliveries from Ukraine. It…
Author: PPD Team Date: 24/03/2025 The Ministry of Power (MoP) has directed all states and implementing agencies to finalise the awarding of battery energy storage system (BESS) contracts by June 2025. This move aims to ensure the completion of the viability gap funding (VGF) programme by May 2027. Once contracts are awarded, the programme will require 18 to 24 months for implementation. Due to declining BESS prices, the initial target of 4,000 MWh has been…
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Author: PPD Team Date: 24/10/2024 The Ministry of Coal has published the high-powered expert committee (HPEC) report on the gainful utilisation of overburden (OB) in the coal sector. The HPEC, comprising experts from various ministries, NITI Aayog, and coal companies, examined ways to repurpose OB—typically composed of soil, rock, and other discarded materials during coal mining—into valuable resources for economic growth and environmental sustainability. The report outlines strategies for processing OB to produce manufactured sand…
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Author: PPD Team Date: 30/10/2024 The European Union has allocated up to €36 million to thyssenkrupp nucera’s advanced Solid Oxide Electrolyzer Cell (SOEC) project, supporting the construction of a 300 MW green hydrogen production plant. Utilizing SOEC technology licensed by Fraunhofer IKTS, the project leverages high-temperature electrolysis to produce green hydrogen and synthesis gas with enhanced efficiency and cost advantages for various industrial applications. This funding aligns with the EU’s climate objectives to promote energy…
Author: PPD Team Date: 29/01/2025 The EU will offer €30m ($31.4m) in emergency assistance to Moldova, including the separatist Transnistrian region, until 10 February 2025. The aid follows Russian gas supplier Gazprom’s failure to deliver natural gas, leaving over 350,000 people without electricity and heating. Moldova declared a 60-day national state of emergency starting 16 December 2024 due to expected gas cuts. The package will support electricity restoration and explore coal deliveries from Ukraine. It…
Author: PPD Team Date: 24/03/2025 The Ministry of Power (MoP) has directed all states and implementing agencies to finalise the awarding of battery energy storage system (BESS) contracts by June 2025. This move aims to ensure the completion of the viability gap funding (VGF) programme by May 2027. Once contracts are awarded, the programme will require 18 to 24 months for implementation. Due to declining BESS prices, the initial target of 4,000 MWh has been…