Shell Completes Acquisition Of Renewables Platform Sprng Energy Group Updated On Tue, Aug 9th, 2022 by Saurenergy Shell Overseas Investment B.V., a wholly owned subsidiary of Shell plc (Shell), has completed 100% acquisition of Solenergi Power Private Limited and along with it, the Sprng Energy Group of Companies from Actis Solenergi Limited (Actis)- a leading global investor in sustainable infrastructure Sprng Energy, set up in 2017 by Actis, is a renewable energy […] Read more
Torrent Power Q1 FY23: Profit Sees Two-Fold Surge Updated On Tue, Aug 9th, 2022 by Saurenergy Leading Ahmedabad-based power player Torrent Power Limited has released its Q1 FY-23 results. For the April to June quarter (Q1) of the current financial year, the company’s consolidated net profit increased by more than 140% to Rs 502.01 crore from Rs 207.78 crore in the equivalent quarter of the previous financial year 2021–22. The revenue […] Read more
Solar Glass Maker Borosil Renewables Still To Close Interfloat Acquisition Updated On Tue, Aug 9th, 2022 by Saurenergy Mumbai based solar glass maker Borosil Renewables has paused its deal to acquire European Solar glassmaker Interfloat GmBH pending a more complete evaluation of the firm. Due to the recent incident of glass leakage around the melting area of the furnace at the solar glass manufacturing facility of GMB, the Board of Directors of the […] Read more
Varun Mehta Is Torrent Power’s New Director On Board In Succession Plan Updated On Tue, Aug 9th, 2022 by Saurenergy Varun Mehta has been appointed to the Board of Torrent Power as Director. This move makes him the second third-generation member from the family to be elevated in a week’s time. This announcement comes close on the heels of the elevation of Aman Mehta, the son of Chairman, Torrent Group, Samir Mehta, to the board […] Read more
Brookfield Renewable Invests $3 Billion In Growth Initiatives In Second Quarter Updated On Tue, Aug 9th, 2022 by Saurenergy Brookfield Renewable Partners has reported financial results for the three and six months ended June 30, 2022. The Canada-based company has held that it had invested heavily for the growth of the businesses. Connor Teskey, CEO of Brookfield Renewable, declared, “The business performed well this quarter, as we delivered strong financial results, commissioned 1,000 megawatts […] Read more
Madhya Pradesh Hopes To Be Major Energy Exporter Using Green Power Updated On Mon, Aug 8th, 2022 by Saurenergy Madhya Pradesh, one of the states that has managed to shrug off an indifferent renewable record over the past three years to emerge as a renewable hotspot in India, has set a high target for 2030. The state hopes to add 20,000 MW of renewable energy, mostly solar power, to become a significant energy exporter […] Read more
MSEDCL’s 500MW Solar Tender Awarded to SJVN, Tata Power & Others Updated On Fri, Aug 5th, 2022 by Saurenergy Maharashtra State Electricity Distribution Company’s (MSEDCL) had announced an auction to purchase power from 500MW solar tender of grid-connected intrastate solar projects (Phase-VII). SJVN Green Energy, Juniper Green Energy, Tata Power Renewable Energy, Sukhbir Agro Energy, and Avaada Energy were announced as the winners. The tender was released by MSEDCL in June of this year. […] Read more
ReNew Bags 50 MW Hybrid Deal In Corporate PPA With DCM Shriram Updated On Fri, Aug 5th, 2022 by Saurenergy DCM Shriram Ltd. (DCM Shriram), a leading business conglomerate with a group turnover of Rs 9,849 crore, and ReNew Power, have announced the signing of two Captive Power Agreements (CPAs) that will see 50 MW of renewable energy supplied from ReNew’s two upcoming projects in Bhavnagar, Gujarat, to DCM Shriram’s Chlor-Alkali manufacturing facility in Bharuch […] Read more
Neoen Signs PPA With Flow Power For Wind Farm In Australia Updated On Thu, Aug 4th, 2022 by Saurenergy World’s major renewable energy player Neoen has announced that it has signed a power purchase agreement (PPA) with electricity retailer Flow Power for 40 MW of energy from its Goyder South Stage 1 wind farm in South Australia. Neoen held that Goyder South Stage 1 is the first stage of Neoen’s flagship project known as […] Read more
