COVER STORY: Increased Govt Thrust Set To Give Rooftop Solar Financing A Fillip Updated On Tue, Feb 13th, 2024 by Saurenergy Days after the announcement of PM Suryodaya Yojana on January 22, its impact was felt in different parts of the country. Several states, ministries, energy regulators and companies seem to be in a race to enable faster adoption of rooftop solar. Union Minister for New and Renewable Energy already announced increasing subsidies for residential rooftop […] Read more
Jakson Solar, Credit Fair Tie Up To Boost Rooftop Solar Financing Updated On Tue, Feb 13th, 2024 by Saurenergy Credit Fair, a consumer lending fintech startup, has established a partnership with Jakson Solar, a part of the Jakson Group, a leading energy and infrastructure solutions company headquartered in Noida. The partnership has been planned to offer affordable solar equipment financing options to individuals, MSMEs, trust institutions and housing societies to install clean energy systems. […] Read more
Nextracker, Sterling and Wilson In 2 GW Pact For Trackers In India Updated On Mon, Feb 12th, 2024 by Saurenergy US based global tracker leader Nextracker has announced it has won a repeat order from Sterling and Wilson Renewable Energy for Phase 2 and Phase 3 solar projects of NTPC at Khavda, Gujarat. The projects, for an aggregate size of 1.5GWdc (Phase 2) and 375MWdc (Phase 3) will be using Nextracker’s NX Horizon Solar Trackers. […] Read more
Sterlite Announces Fin Closure For Beawar Project From REC Updated On Mon, Feb 12th, 2024 by Saurenergy In yet another indicator of the improved funding environment for larger power projects, especially in the renewables sector, Sterlite Power, has announced a financial closure for its Beawar Transmission Limited (BTL) project. Sterlite project has secured funds totaling INR 2400 Cr. from REC Power Development and Consultancy Limited, a wholly owned subsidiary of Rural Electricity […] Read more
IREDA and IIT Bhubaneswar Collaborate To Support RE Research In Startup Updated On Mon, Feb 12th, 2024 by Saurenergy Indian Renewable Energy Development Agency Ltd. (IREDA) an Indian public sector enterprise that provides financial assistance and other services to projects related to renewable energy, has signed a Memorandum of Understanding (MoU) with the Indian Institute of Technology (IIT) Bhubaneswar. The MoU, inked today at the 100 Cube Start-up Conclave held at IIT Bhubaneswar, aims […] Read more
Hartek Power To Develop 75MW Solar Plant In Bihar’s Jamui Updated On Mon, Feb 12th, 2024 by Saurenergy Engineering, procurement, and construction company, Hartek Power Private Limited, the Power Systems and T&D Business unit of Hartek Group, has won an order from SJVN Green Energy Limited pertaining to the development, implementation, and maintenance of a 75 MW (AC) grid-connected solar PV power plant, along with a 132 kV Sub-Station, in Jamui, Bihar. According […] Read more
JSERC Brings Regulation For Group Net Metering & Virtual Net Metering In Jharkhand Updated On Mon, Feb 12th, 2024 by Saurenergy Jharkhand State Electricity Regulatory Commission (JSERC) recently released its (Group Net Metering and Virtual Net Metering) Regulations, 2024. Jharkhand State Electricity Regulatory Commission regulates the net metering and virtual net metering in the state, describe these concepts, their application to the consumers and redress their grievances. JSERC notification stated, “Group Net Metering’ is an arrangement in […] Read more
Tata Power Q3 Results- EBITDA Up 15% to Rs 3250 crore Updated On Mon, Feb 12th, 2024 by Saurenergy Tata Power, one of the largest integrated utilities in the country, reporting its 17th consecutive quarter of PAT growth in its Q3 results. Better realisation in the core business segments consisting of Generation, Transmission & Distribution and Renewables, helped the Company grow its Q3FY24 reported PAT to Rs. 1,076 crore as compared to Rs. 1,052 […] Read more
ALMM Is Back, With Key Exemptions Updated On Sat, Feb 10th, 2024 by Saurenergy The Indian government has tried to strike a balance between key stakeholders with the restoration of the Approved List of Module Manufacturer (ALMM) conditions, albeit with some vital exemptions. In an order dated Feb 9, the Ministry for New and Renewable Energy (MNRE) confirmed that ALMM will be reimposed from April 1, 2024, after being […] Read more
