State-Owned and Private Discoms on two Ends of the Spectrum: ICRA Updated On Tue, Mar 9th, 2021 by Saurenergy The credit profile of the state-owned Discoms continues to remain stressed, while that of several privately-owned Discoms remains healthy The credit profile of the state-owned distribution utilities (Discoms) continues to remain stressed due to higher level of technical & commercial (AT&C) losses compared to regulatory norms, inadequate tariffs in relation to their cost of supply […] Read more
Japan’s ORIX Corporation Completes Acquisition of Shares in Greenko Updated On Mon, Mar 8th, 2021 by Saurenergy ORIX has completed the acquisition of shares in Greenko Energy taking 21.8% of the firms’ shares for a total value of approx USD 961 million. ORIX Corporation (ORIX) has announced that it has completed the acquisition of shares in Greenko Energy Holdings (Greenko) as reported by both firms on September 11, 2020. Simultaneous to acquiring […] Read more
Israeli Solar Cleaning Firm Airtouch Raises $18 Million in IPO Updated On Mon, Mar 8th, 2021 by Saurenergy Israel-based cleaning solutions provider for solar panels, Airtouch Solar has joined the Tel Aviv Stock Exchange. It completed an Initial Public Offering (IPO). It raised USD 18 million at a company post-money valuation of USD 124 million, primarily from leading institutional investors in the Israeli capital market. The company said that the IPO was led […] Read more
US DOE Announces $115 Mn to Small Businesses for Clean Energy R&D Projects Updated On Mon, Mar 8th, 2021 by Saurenergy In support of the Biden-Harris Administration’s commitment to build the American economy back better, the US Department of Energy (DOE) has announced USD 115 million for small businesses pursuing clean energy research and development (R&D) projects. The projects range from grid modernisation and carbon removal to renewable energy and energy storage. “Through this program, DOE […] Read more
EV Manufacturer Euler Motors Raises INR 30 Crore From Its Investors Updated On Fri, Mar 5th, 2021 by Saurenergy Delhi-based electric mobility solutions provider, Euler Motors has announced that it has raised Rs 30 crore from its existing and new investors as a part of its ongoing Series A round. The company has raised the investment from existing investors Inventus India, Jetty Ventures, and Sujeet Kumar, Co-founder, Udaan. Additionally, this round of investment has […] Read more
Tabreed and IFC to set up a District Energy Investment Platform Updated On Thu, Mar 4th, 2021 by Saurenergy National Central Cooling Company PJSC (Tabreed), the leading UAE-based international district cooling developer and the International Finance Corporation (IFC), a member of the World Bank Group, are planning to establish a district energy investment platform in Singapore that will invest in district cooling, trigeneration and cooling as a service offering with primary focus on India […] Read more
EDP to Invest EUR 24 Bn in Energy Transition, Eyeing 50 GW RE Capacity by 2030 Updated On Mon, Mar 1st, 2021 by Saurenergy EDP has announced its Strategic Update for the period 2021-2025, revealing a EUR 24 billion plan for investment in the energy transition EDP – Energias de Portugal – the Portuguese electric utility has announced its Strategic Update for the period 2021-2025, reinforcing its position as a leader of the energy transition, with an unprecedented EUR 24 billion […] Read more
Discoms’ Dues at Rs 1.36 Lakh Crore in December, Down From Nov Updated On Mon, Mar 1st, 2021 by Saurenergy Discoms total dues owed to Gencos rose by nearly 24% YoY to reach Rs 1.36 lakh crore in December 2020, however, the amount reduced from November. Power Distribution Companies (Discoms) total dues owed to power producers i.e. generation companies (Gencos) rose by nearly 24 percent year-on-year (YoY) to reach Rs 136966 crore (Rs 1.36 lakh […] Read more
REC Limited Raises USD 500 Million Through Bonds Updated On Fri, Feb 26th, 2021 by Saurenergy REC Limited has successfully raised USD 500 million 5.5-year Reg-S only bonds issued under its Global Medium Term Programme of USD 7 billion. Proceeds of the bond will be used to finance power projects following the approvals granted by the RBI from time to time and under the ECB Guidelines. This is REC Limited’s eighth […] Read more
