Inox Wind’s EPC Arm Resco Global To Raise 350cr Equity Updated On Mon, Sep 2nd, 2024 by Saurenergy Indian wind energy company Inox Wind Limited (IWL) today announced that the board of its subsidiary, Resco Global Wind Services Pvt. Ltd. (Resco Global), an EPC Projects company, has approved Rs 350 crore equity raise from marquee investors for a single digit stake. The funds will be utilized to scale up the business offerings and […] Read more
Adani, Sterlite Power Complete Acquisition of Transmission Networks For 7 GW Evacuation from Khavda Updated On Mon, Sep 2nd, 2024 by Saurenergy Adani Energy Solutions Ltd (AESL), the transmission and distribution company of the Adani group, has completed the acquisition of the Special Purpose Vehicle (SPV) of the Khavda Phase IV Part-A transmission project, after receiving a letter of intent (LOI) from REC Power Development and Consultancy Ltd. Khavda IVA Power Transmission Ltd, a special purpose vehicle […] Read more
Renewables Contribute Only 4% To NTPC’s Turnover in FY24 Updated On Mon, Sep 2nd, 2024 by Saurenergy According to the latest numbers from India’s power giant NTPC, renewable energy assets contribute a mere 1.23% to the company’s turnover. When hydro projects are included, this figure increases to just 4%. NTPC Limited’s Business Responsibility and Sustainability Report indicates that power generation accounts for 94.19% of the company’s total turnover. The report reveals that […] Read more
Reliance To Boost Solar Manufacturing, AI-Led Green Data Centers Updated On Fri, Aug 30th, 2024 by Saurenergy At Reliance Industries’ 47th Annual General Meeting (AGM) in 2024, Mukesh Ambani and his team outlined the company’s ambitious plans for the future, which included the focus on green and renewable energy and the sustainable growth sector. This article outlines the highlights from the speech and Reliance’s plans toward sustainable development. Commitment to Green Energy […] Read more
SECI Appoints Sivakumar V Vepakomma Its Director (Power System) Updated On Fri, Aug 30th, 2024 by Saurenergy The Solar Energy Corporation of India (SECI) today announced the appointment of Sivakumar V Vepakomma as its new Director for Power System. Prior to this, Sivakumar served at NTPC Green Energy Limited, a wholly owned subsidiary of NTPC Ltd as Chief General Manager. There he was responsible for engineering, contracts, commercial and business development functions. […] Read more
Green Stocks Aug 30: KPI Green Energy, Shakti Pumps Stocks Shine Updated On Fri, Aug 30th, 2024 by Saurenergy This week’s stock market closed on a brighter note, with the majority of green energy stocks witnessing positive growths. KPI Green Energy and Shakti Pumps showed upward movement, with their stock prices rising by 4.79% and 3.57%, respectively. Other companies whose stock prices gained today included Waaree Renewable Technologies, Sterling and Wilson Renewable Energy, TATA […] Read more
MERC New Regulation Sets 7% Flexible Demand Target For Next Five Years Updated On Fri, Aug 30th, 2024 by Saurenergy Given the evolving context of generation profiles from various types of generation plants, including those behind the meters (within consumer premises), and the significant emphasis on solarizing agricultural feeders and households, it is now imperative to view demand-side management as an opportunity. This opportunity includes a combination of demand flexibility, demand response, energy efficiency, and […] Read more
UPNEDA To Develop Solar Project In Mau On Govt Land Updated On Fri, Aug 30th, 2024 by Saurenergy The Uttar Pradesh New and Renewable Energy Agency (UPNEDA) has now decided to develop a solar project in Mau district on government land. The state nodal agency for green energy has now also issued a tender in this regard for developing a 5 MW of solar project in the region. The last date of tender […] Read more
Karnataka: KERC Issues Rules To Transit Towards Smart Meters Updated On Fri, Aug 30th, 2024 by Saurenergy The Karnataka Electricity Regulatory Commission (KERC) has announced new regulations to retrofit existing meters with smart modules. These regulations are titled the KERC (Smart Modules For Existing Digital/Static Meters) Guidelines, 2024. The state power regulator noted that when phasing out existing digital and static meters compliant with IS 15884 is not feasible due to their […] Read more
