Gujarat Construction Firm Acquires 65-Acre Land For Hybrid Power Project Updated On Fri, May 3rd, 2024 by Saurenergy Residential construction company Gujarat Toolroom Limited has announced the acquisition of 65 acres of land on a long-term lease in Gujarat for the establishment of a Hybrid Power Plant. In a regulatory filing, Gujarat Toolroom stated that it has procured a parcel of land spanning 65 acres in Gujarat, earmarked for the construction of a […] Read more
IOCL To Form New Subsidiary To Implement 1GW Wind, Solar Project Updated On Wed, May 1st, 2024 by Saurenergy Indian Oil Corporation Limited (IOCL) has announced its plans to implement 1 GW of renewable energy projects across the country. In its latest board meeting, the oil corporation laid out a map to initiate projects involving standalone ground mounted Solar or standalone onshore Wind or Wind-Solar Hybrid projects. IOCL has plans to establish a Wholly […] Read more
CERC Orders Compensation To NTPC Over ‘Change Of Law’ Event Updated On Tue, Apr 30th, 2024 by Saurenergy The Central Electricity Regulatory Commission (CERC) in its latest judgement awarded compensation to NTPC Limited over a surge in Goods and Services Tax (GST). The public sector utility had moved to the CERC seeking compensation for the increased project costs due to the increased taxation. The case was related to two solar projects with a […] Read more
CESC Acquires 300 MW Under-Construction Solar Park Developer In Rajasthan Updated On Mon, Apr 29th, 2024 by Saurenergy CESC Limited has announced the acquisition of a solar park of 300 MW capacity at Nokh and Gelaba Camp Village, Pokaran Tehsil in Phalodi District, Rajasthan. The company has acquired the solar park from SKP Green Ventures Private Limited. According to a filing by CESC limited, Purvah Green Power Private Limited, a step-down subsidiary of […] Read more
IEA Forecasts 40% Drop In Battery Storage Costs By 2030 Updated On Fri, Apr 26th, 2024 by Saurenergy International Energy Agency’s (IEA) recent report on the use of batteries in electric vehicles (EVs) and battery storage installations has shown that developer costs of batteries will decline by 40% by 2030. The report was prepared after studying the use of solar PV plus batteries and found the total upfront costs of utility-scale battery storage […] Read more
Top 5 States In Rooftop Solar In India Updated On Wed, Apr 24th, 2024 by Saurenergy It is no secret now that even India has made strides in new solar capacity addition in the last few years, a considerable gap exists between rooftop solar (RTS) and utility-scale solar installations. The PM Suryaghar Muft Bijli Yojana might be the most ambitious scheme yet to reduce that gap, but its impact will probably […] Read more
Premier Energies To Seek Rs 1500 Crore In IPO Soon Updated On Mon, Apr 22nd, 2024 by Saurenergy Premier Energies Limited, India’s second largest integrated solar cell and solar module manufacturer (in terms of annual installed capacity of 2 GW and 3.36 GW, respectively as per a Frost & Sullivan Report), as of March 31, 2024, has filed the draft red herring prospectus (DRHP) with capital markets regulator, SEBI to raise more than […] Read more
Sterling Tools Signs MoU With South Korea’s Yongin for EV Components Facility Updated On Thu, Apr 18th, 2024 by Saurenergy Automotive fastener manufacturer Sterling Tools Limited has signed a Memorandum of Understanding (MoU) with South Korea’s, Yongin Electronics Co. Ltd, a major supplier of components to the Hyundai Kia Motor Group for the production of electric vehicle (EV) and electronic components within India. This agreement is expected to generate Rs. 250 crore in business over […] Read more
IEA’s PVPS Report 2024- Five Key Highlights Updated On Thu, Apr 18th, 2024 by Saurenergy The International Energy Agency’s PVPS program or Photovoltaic Power Systems Programme is promoting and facilitating the exchange and dissemination of information on the technical, economic, environmental and social aspects of PV power systems. it currently has 31 members, with India, and even the India backed International Solar Alliance (ISA), notable absentees. However, their 2024 report […] Read more
