Green Stocks Jan 3: As Market Gives Up Gains, Green Stocks Struggle As Well Updated On Fri, Jan 3rd, 2025 by Saurenergy After yesterday’s strong show, it was time for a dose of reality, as the Nifty gave up some of its gains today. For Green Energy stocks as well, it was a similar story, with KPI Green correcting over 3%, with only Shakti Pumps (up over 4%) and Acme Solar clocking any notable gains. For others, […] Read more
Airtel, AMPIN Energy Transition Partner For Wind-Solar Hybrid Project Updated On Fri, Jan 3rd, 2025 by Saurenergy Telecom firm Bharti Airtel recently signed an agreement with AMP Energy Green Three Private Limited, a special purpose vehicle (SPV) of AMPIN Energy Transition (formerly Amp Energy), to acquire 3,78,90,005 (26%) equity shares. To acquire power from this project, the companies formed the SPV to own and operate the captive power plant. In its regulatory […] Read more
MERC Declines To Re-Determine Wind Tariff On Actual CUF Updated On Fri, Jan 3rd, 2025 by Saurenergy The Maharashtra Electricity Regulatory Commission (MERC), in its latest order, has declined to amend a regulation retrospectively to re-determine tariffs. The case pertained to the re-determination of tariffs for wind power generators in Maharashtra. The order emerged when the state power utility MSEDCL approached the regulatory commission, arguing that actual tariff determination should be based […] Read more
SECI Proposes, CERC Disposes- JSW Energy’s 500 MW BESS Tender In Trouble Updated On Fri, Jan 3rd, 2025 by Saurenergy In a blow to JSW Energy’s BESS plans, the tender it won for SECI’s 500 MW/1000 MWh standalone battery energy storage systems has failed to pass muster with CERC. On plea to adopt the tariffs for the said tender, won by JSW Energy at Rs 10.88/unit after due process, the CERC pointed to the inexplicably […] Read more
Oswal Pumps Set To Ride Solar Boom With IPO Nod Updated On Fri, Jan 3rd, 2025 by Saurenergy The Securities and Exchange Board of India (SEBI) has approved the issuance of an Initial Public Offering (IPO) by Oswal Pumps. This move paves the way for the Karnal-based solar pump company to enter the stock market. The approval comes at a time when several solar companies and solar pump manufacturers have already entered the […] Read more
Pennar, Zetwerk To Enter Into JV For Solar Module Manufacturing Updated On Fri, Jan 3rd, 2025 by Saurenergy Telangana-based Pennar Industries recently executed a Joint Venture Agreement with Zetwerk Manufacturing Businesses and others for the incorporation of a Joint Venture company. They entered the joint venture by subscribing to the equity share capital of the Joint Venture Company. Pennar Industries said in a regulatory filing, “The proposed Joint Venture company will be formed […] Read more
Green Stocks Jan 2: Stocks Trail Market Surge Updated On Thu, Jan 2nd, 2025 by Saurenergy On a day when the broader BSE Sensex spiked almost 1.8%, the green pack turned in a less than similar performance, with most stocks failing to keep up. Other than solar pump leader Shakti Pumps of course, which has enjoyed a stellar run these past two weeks. KPI Green, which turns ex-bonus tomorrow, was the […] Read more
KERC Proposes To Amend Green Energy Open Access Rules Updated On Thu, Jan 2nd, 2025 by Saurenergy The Kerala Electricity Regulatory Commission (KERC) has now proposed to do away with the adjustment of banked off-peak energy. In its latest amendment to its Green Energy Open Access Regulations, the state nodal agency has proposed new changes accordingly. Earlier, KERC had allowed adjustment of banked off-peak energy with some charges. The state agency, in […] Read more
Tesla’s Shanghai Energy Storage Plant Begins Trial Production Updated On Thu, Jan 2nd, 2025 by Saurenergy US automobile company Tesla’s Shanghai energy storage Megafactory recently began trial production.The new plant is dedicated to manufacturing Megapacks, Tesla’s energy-storage batteries, with mass production expected to commence fully in the first quarter of 2025, Tesla China told Xinhua. The Megafactory is the first of its kind that Tesla has built outside the United States. […] Read more
