Sprng Energy With Rs 2.51 Bid Leads Winners List in GUVNL 500 MW Solar Auction Updated On Tue, Jan 31st, 2023 by Saurenergy Sprng Energy (200 MW), ib Vogt Singapore (130 MW), Hinduja Renewables (120 MW) and Blupine (Solarcraft Power India) (50 MW) have walked away with the allotments to develop solar power for GUVNL. While Sprng bid at Rs 2.51/unit, the remaining three winners bid at Rs 2.52 per unit. The tender, released in October last year, […] Read more
Mahindra CIE Automotive Takes 27% Stake in Captive Power Developer Strongsun Solar Updated On Tue, Dec 13th, 2022 by Saurenergy Automotive component maker and supplier Mahindra CIE Automotive has said that it has invested Rs 2.42 crore in Strongsun Solar. Mahindra has made the investment through a subscription of 3,03,250 equity shares of Rs 10 each of Strongsun Solar which will constitute 27.35% of the post-issue paid-up capital of the renewable energy company. Strongsun Solar […] Read more
Canadian Pension Firm & Mahindra Group Collaborate Strategically in RE Updated On Sun, Sep 18th, 2022 by Saurenergy The Mahindra Group and the Canadian-based pension firm, Ontario Teachers’ Pension Plan Board have announced a strategic alliance to take advantage of the expanding renewables market in India. Both parties have entered into legally binding agreements under which Ontario Teachers’ will purchase a 30% equity stake in Mahindra’s solar development arm, Mahindra Susten Pvt Ltd […] Read more
Deepak Thakur Is New MD & CEO, Mahindra Susten Updated On Tue, Aug 16th, 2022 by Saurenergy Mahindra Susten, the cleantech arm of the Mahindra Group has welcomed Deepak Thakur as the new MD &CEO, effective August 16, 2022. Thakur will oversee the renewables businesses, comprising Mahindra Solarize and Mahindra TEQO apart from Mahindra Susten. He will be directly reporting to Dr. Anish Shah, Managing Director & CEO of Mahindra Group. Prior […] Read more
Keen To Enter Into RE, OTPP Offers Rs 2300 Cr For 49% Stake In Mahindra Susten Updated On Thu, Jun 23rd, 2022 by Saurenergy One of the largest pension funds in Canada, Ontario Teachers’ Pension Plan (OTPP), is looking to acquire a stake of close to 49%, worth Rs 2,300 crore in Mahindra Susten Pvt Ltd, thereby valuing the entity at Rs 4,600 crore, inclusive of debt. An exclusivity clause has been signed between OTPP and Mahindra Susten. With […] Read more
175 MW Solar Project Commissioned by Mahindra Susten in Bikaner Updated On Tue, May 24th, 2022 by Saurenergy Adding to the installed capacity of Rajasthan, the state with highest solar irradiance in India, Mahindra Susten has commissioned a portion of its solar project at Kolayat in Bikaner district. Mahindra has commenced the first portion of a 175 MW (AC) out of the total 250 MW solar project. Mahindra has been developing the solar […] Read more
Modhera Sun Temple And Town Is Now Solar Powered, Thanks To 18 MWh BESS Updated On Tue, Apr 26th, 2022 by Saurenergy The Integrated Solar Energy Project at Sun Temple Town of Modhera, Gujarat, has been successfully executed. This is India’s first integrated state-of-the-art Solar Project and features a battery energy storage system (BESS), which is one of the largest till date under operation in the country. The Project was awarded by GPCL to Mahindra Susten as an EPC […] Read more
Preparing For a Renewable Future- The Business Models That Matter Updated On Tue, Dec 1st, 2020 by Saurenergy If there is one thing the renewable energy sector cannot be accused of doing, it is to look back too much. The solar sector in particular has everything to look forward to, considering the strong momentum it has built up globally. The Covid-19 crisis has only sharpened those opportunities, and possibilities of even more support […] Read more
REI 2019: Insights About Session on Impact of Solar Energy in 2030 Updated On Thu, Sep 19th, 2019 by Saurenergy The Renewable Energy India Expo or REI 2019 held a session on the impact of Solar energy which talked about the growth of solar in the energy mix of India in 2030 This session held on the first day of Renewable Energy India Expo (REI) saw experts from government and Private companies who discussed the […] Read more
