ACME’s Subsidiary Secures Rs. 1,988 Cr Financing From PFC Updated On Thu, Dec 26th, 2024 by Saurenergy ACME Renewtech Private Limited, a subsidiary of Haryana-based ACME Solar Holdings (ACME Solar) recently secured Rs. 1,988 crore term loan financing from Power Finance Corporation (PFC). This financing will fund the development and construction of a 300 MW Solar-Wind Hybrid Renewable Energy Project. The project will be located in high-resource potential areas, with solar capacity […] Read more
Dec 26: Green Energy Stocks Wait On Q3 Results Updated On Thu, Dec 26th, 2024 by Saurenergy A day after Christmas, both the broader markets and green energy stocks kept waiting for a rally that wasn’t. If there was any Santa Claus gift, those were reserved for Shakti Pumps yet again, which hit the 5% upper circuit yet again, gladdening the hearts of its believers. For the rest, other than Adani Green […] Read more
The 10 Big Milestones That Will Define India’s RE Sector In 2025 Updated On Thu, Dec 26th, 2024 by Saurenergy The Indian renewable energy market witnessed several historic events in 2024. These include policy changes, diversified and copious tenders, a record pace of green project installations, bulging order books across manufacturers, EPCs and more. While the overarching focus of the year was to be self-reliant in manufacturing, with real progress finally visible, China still cast […] Read more
Winning Bids Cross Rs 3/kWh In SECI’s 1 GW Solar Tender Updated On Thu, Dec 26th, 2024 by Saurenergy In an ominous sign of changing market dynamics, SECI’s 1000 MW Tranche XVIII tender for ISTS connected solar projects has attracted winning bids, all over Rs 3/kWh. The tender, released in September this year, has ReNew Solar Power( 250 MW at Rs 3.04), Acme Solar holdings (300 MW at Rs 3.05) and Adani Green Energy […] Read more
Green Stocks Dec 24: On Listless Day, Green Stocks Also Struggle For Direction Updated On Tue, Dec 24th, 2024 by Saurenergy Green energy stocks had an ordinary day at the markets today, with most struggling to find a sense of direction for the year ahead. Thus, last week, and the week earliers star performer, Borosil Renewables, continued to be dragged down on the back of both a better understanding of the limited advantages accruing to it […] Read more
Green Stocks Dec 23: Green Stocks Fail To Move With Market Recovery Updated On Mon, Dec 23rd, 2024 by Saurenergy A smart recovery in the market today was not enough to do the same to more in our green energy pack, as most stocks struggled to recover from losses last week. The exceptions, Sterling and Wilson Renewable, which was up 5.5% on the back of a big order win announcement, or Shakti Pumps, still finding […] Read more
Green Stocks Dec 20: Amid Market Mayhem, Some Green Stocks Make a Point Updated On Fri, Dec 20th, 2024 by Saurenergy On a day when the market left few stocks unscathed in a broad slump, it was left to a few green stocks to hold out yet again, Starting with EPC firm KPI Green Energy, which rose 5%, to Premier Energies which somehow stayed in the green. However, the sharp drop in many others, notably SWREL […] Read more
Green Stocks Dec 19: Green Stocks Slide With Broader Market Updated On Thu, Dec 19th, 2024 by Saurenergy The news of the US Fed going in for fewer rate cuts than expected in 2025 spooked global markets, and the Indian markets as well. Thus, interest rate-sensitive sectors reflected the weakness in the markets. Green energy stocks, almost all of which have a healthy debt situation, but will invariably be raising more debt in […] Read more
MNRE Denies RE Projects Failing To Secure PPAs Updated On Thu, Dec 19th, 2024 by Saurenergy The Ministry of New and Renewable Energy (MNRE) claimed that renewable energy projects in the country are not failing to secure Power Purchase Agreements (PPAs). Shripad Yesso Naik, Minister of State (MoS) for New and Renewable Energy, addressed the issue of unsold renewable energy in a written statement before the Parliament. This follows reports that […] Read more
