Tata Power Board Approves Rs 2600 Cr Equity Raise, InvIT for RE Business Updated On Thu, Jul 2nd, 2020 by Saurenergy The Tata Power Board has approved the issuance of 49,05,66,037 Equity shares to Tata Sons for an aggregate consideration of Rs 2,600 crore. The Board of Directors of Tata Power has approved the issuance of 49,05,66,037 Equity shares on a preferential basis to Tata Sons for an aggregate consideration of Rs 2,600 crore. The issue […] Read more
IFC Grants $25 Mn to NMB Bank to Boost Green Financing in Nepal Updated On Thu, Jul 2nd, 2020 by Saurenergy IFC is providing a USD 25 million loan to NMB Bank to boost financing for green projects and small and medium enterprises (SMEs) in Nepal The International Finance Corporation (IFC), a member of the World Bank Group, is providing a USD 25 million loan to NMB Bank, one of Nepal’s premier banks, to boost financing […] Read more
Solis Bags All Quality Matters From TÜV Rheinland for its 5G Inverter Updated On Thu, Jul 2nd, 2020 by Saurenergy Solis has been awarded the “All Quality Matters” award for its commercial inverters Solis-(25-50) K-5G in recognition for the outstanding product quality in 2020. The 2020 “All Quality Matters” Solar Congress Award Ceremony, organised by TÜV Rheinland, was recently held in Suzhou, Jiangsu. Chinese inverter major Ginlong Solis has been awarded the “All Quality Matters” […] Read more
UAE’s Post-COVID-19 Recovery Plan Will Focus on Sustainable Economic Growth Updated On Thu, Jul 2nd, 2020 by Saurenergy The UAE’s post-COVID-19 recovery plan will focus on sustainable economic growth, Dr. Thani bin Ahmed Al Zeyoudi, Minister of Climate Change and Environment, said today at a virtual event for Masdar employees. Masdar is playing a leading role both in food security and in renewable energy development, where it is supporting “building a greener, healthier […] Read more
Railways Tender for Setting up 1 GW Solar Projects Along the Tracks Updated On Thu, Jul 2nd, 2020 by Saurenergy REMCL has issued a tender on behalf of the Indian Railways for setting up of 1 GW ground-mounted solar plants on railway land along the railway tracks. The Railway Energy Management Company Limited (REMCL) – a JV of the Ministry of Railways and RITES Ltd, has issued a tender on behalf of the Indian Railways […] Read more
Average Power Price in RTM Lowers to Rs 2.22 per Unit in June Updated On Thu, Jul 2nd, 2020 by Saurenergy The average spot power price in the RTM was at Rs 2.22 per unit in June, which is lower than Rs 2.35 per unit in the day-ahead market at the IEX. The average spot power price in the real-time market (RTM) in its first month of operation of June was at Rs 2.22 per unit, […] Read more
Suzlon Completes Debt Restructuring With Rs 392 Crore Infusion Updated On Thu, Jul 2nd, 2020 by Saurenergy Suzlon Group has successfully completed its debt restructuring, following a cash infusion of Rs 392 crore by its key promoters and shareholders. Indian wind energy major Suzlon has announced that it has successfully completed its debt restructuring, following a cash infusion of Rs 392 crore by its key promoters and shareholders. In May, the group […] Read more
E-Mobility Firm Magenta Power has a new Technology Head in Sanjeev Tripathi Updated On Thu, Jul 2nd, 2020 by Saurenergy Magenta Power has announced that it has strengthened its leadership Team with the appointment of Sanjeev Tripathi as the Head of Technology at the company. Leading green energy solutions provider and e-mobility focusses firm – Magenta Power has announced that it has strengthened its leadership Team with the appointment of Sanjeev Tripathi as the Head […] Read more
MNRE Declares March 25-May 31 as Lockdown Period for RE Projects Updated On Thu, Jul 2nd, 2020 by Saurenergy MNRE has clarified that the lockdown period for time extension for renewable energy projects will be considered from March 25, 2020, to May 31, 2020. [Updated July 2, 2020 – 09:15] The Ministry of New and Renewable Energy (MNRE) has issued a new order clarifying that the lockdown period for time extension for renewable energy […] Read more
