ReNew Power Raises $300 Million Through Rights Issue Updated On Mon, Jul 1st, 2019 by Saurenergy Gurugarm based ReNew Power announces that it has successfully raised $300 Million through a rights issue Clean energy firm ReNew Power has announced to have raised $300 million (approx. Rs 2,050 crore) through a rights issue. Goldman Sachs, Abu Dhabi Investment Authority (ADIA), and Canada Pension Plan Investment Board (CPPIB) have subscribed to the issue, […] Read more
Subhash Chandra’s Essel Group in Talks To Sell Solar Assets Updated On Tue, Jun 18th, 2019 by Saurenergy Essel Group is in talks to sell its solar energy portfolio and US-based luxury wellness destination YO1 Centre This forms the latest efforts that the Subhash Chandra-led conglomerate is undertaking to raise money to reduce debt. According to media reports, Essel Infraprojects, is in an advanced stage of talks with the Adani Group’s renewable energy […] Read more
Interview with Mayank Mishra, Regional Sales Director, Huawei Technologies Co. Ltd. Updated On Mon, Apr 22nd, 2019 by Saurenergy Necessary to Put More Efforts on Innovation It is very much necessary to put more and more efforts in innovating the new solutions which can help our customers to get more value from solution. Currently Huawei Smart PV Business has five R&D (“Research and Development”) centers specifically for inverter products around the world with more […] Read more
Mahindra Group Renewable Arm Looking to Sell Solar Assets Worth 160 MW Updated On Mon, Apr 22nd, 2019 by Saurenergy Mahindra Susten, the renewable energy arm of the Mahindra group, has initiated the formal process to sell a portion of its solar assets worth a combined 160 MW. The company’s renewable offerings include diversified services within the renewable energy and cleantech space, such as turnkey solar engineering, procurement, and construction (EPC) services, both utility-scale solar […] Read more
Hero Group & Azure Power Plan To Raise $500 Million Each Through Bond Sale Updated On Thu, Apr 18th, 2019 by Saurenergy Hero Group’s renewable energy arm and Azure Power are gearing up to raise $1 billion by selling bonds to overseas investors over the next few weeks in separate offerings, according to people briefed on the matter. Both the Delhi-based green power rivals are looking raise $500 million each and have appointed investment banks to underwrite […] Read more
First Bids Under IL&FS Asset Monetisation Expected Soon Updated On Mon, Mar 18th, 2019 by Saurenergy The sale of its renewable energy business will reduce the total debt of IL&FS by Rs 5,000 crore. Cash-strapped IL&FS Group will receive first set of bids under the asset monetisation process on Monday as part of the resolution process, according to sources. The company’s board will later consider bids for Rs 8,000 crore renewable energy business that […] Read more
Siemens AG Launches Junelight Smart Battery For Residential Customers Updated On Fri, Mar 15th, 2019 by Saurenergy Siemens AG, Europe’s largest industrial manufacturing company has made its move into the battery storage system segment with the launch of its Junelight Smart Battery System recently. With the Junelight Smart Battery, Siemens is offering its first battery storage specially geared to the requirements in private homes for the storage and use of self-generated energy. […] Read more
MSEDCL, Regulator to Consult Wind Power Players for Zone Disputes: Bombay HC Updated On Mon, Sep 24th, 2018 by Saurenergy The high court’s decision came out as a relief for the developers as it affirmed that the authority would make sure that the developers are heard before any decision is made regarding the reclassification of wind power zones. Bombay High Court has directed Maharashtra’s discom Maharashtra State Electricity Distribution Company (MSEDCL) and the state’s electricity […] Read more
India Won’t Impose Safeguard Duty on Imported Solar Equipment Updated On Thu, May 31st, 2018 by Saurenergy The decision had different effects on solar players in the country. On the one hand it had delighted manufacturers while as on the other hand it alarmed developers about the steep rise in input costs. Overruling the directorate general of safeguards’ recommendation of 70% levy on imported solar equipment, the government has reversed the decision […] Read more
