SUBSCRIBE NEWS LETTER

Adani Solar Energy

Sterling and Wilson Q1 2020-21 Results. Familiar Problems Continue To Dog Numbers

Sterling and Wilson Solar Limited has just declared its results for Q1 of the financial year 2021-21, and the numbers don’t make for pretty reading at all. The firm’s legacy problem of timely debt repayment from its promoters, despite assurances after the previous quarter results and analyst calls, continues to fester, something that will not […]

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Japanese Financial Group Orix To Invest Rs 7200 Cr In Greenko for 20% stake

Diversified Japanese financial conglomerate, has made the largest single renewable energy investment into India, with a $980 million ( Rs 7200 crores) on renewable major Greenko Group Holdings. The deal is expected to be closed by the end of the year. The Tokyo based firm had $23.6 billion in reported revenues last year, making the […]

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Petronas Expands India Bet With 100 MW ACME Buy Through Amplus

Amplus Energy Solutions, the Malaysian national oil firm, Petronas’s subsidiary in India since its own acquisition by Petronas last year, has moved to acquire 100MW of solar assets owned by ACME Solar. The reported price for the deal is $110 million., or almost Rs 800 crores. For the Manoj Upadhyay led ACME Solar, the deal […]

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Proposal for 41.5 GW Hybrid Renewable Park in Kutch Approved

The Gujarat cabinet has cleared the proposal for the 41.5 GW renewable park in Kutch district by approving the allotment of 60,000 hectares of land for the mega project. The Gujarat cabinet on September 9, 2020, has cleared the long-pending proposal of the 41,500 MW or 41.5 GW renewable energy (solar and wind) park in […]

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Siemens Gamesa Wins 325 MW Onshore Wind Projects in Texas

Siemens Gamesa has been awarded two new onshore wind project sites in the state of Texas with a total installed capacity of 325 MW. Siemens Gamesa Renewable Energy (SGRE) has been awarded two new onshore wind project sites in the state of Texas with a total installed capacity of 325 MW. The projects include the […]

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Is Maharashtra Ready For ‘Renewable Only’ Capacity Creation?

The Coronavirus pandemic might have achieved what no amount of push from well meaning people did. Force one of India’s top Industrialised states, Maharashtra, to consider a full stop on fresh thermal energy capacity creation in the state. A report in the Economic Times quotes Maharashtra Energy minister Nitin Raut saying that no more thermal […]

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C&S Electric Acquisition by Siemens Limited Approved by CCI

CCI has approved the proposed acquisition of 100 percent of the share capital of C&S Electric Limited by Siemens Limited. The Competition Commission of India (CCI) on August 20, 2020, has approved the proposed acquisition of C&S Electric Limited by Siemens Limited (Siemens India). The proposed combination envisages the acquisition of 100 percent of the […]

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PXIL Highlights Power Market Regulatory Reforms and Insights

PXIL recently conducted its 2nd market consultation meeting to discuss key market regulatory reforms concerning the power industry. Ahead of the public hearing of the Central Electricity Regulatory Commission (Power Market) Regulations 2020, the Power Exchange India Limited (PXIL), conducted its 2nd Market Advisory Committee and Stakeholder consultation meeting to discuss key market regulatory reforms […]

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With SGD Extended by 1 Year, Manufacturer’s Eye BCD Announcement in August

Following the recommendations of the DGTR (Directorate General of Trade Remedies) last week, the government has formally notified the extension of the Safeguard Duty (SGD) by a year on Chinese origin solar equipment. The extension, till July 29, 2021, seeks to protect Indian manufacturers from alleged dumping by Chinese firms. Interestingly, there is no mention […]

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