Azure Power refinances its 600 MW solar project Updated On Wed, Feb 23rd, 2022 by Saurenergy Azure Power Global Limited has said that it has refinanced its 600 MW solar power project – which is based in the state of Rajasthan – at the lowest rate of interest in its portfolio up to the present time. The company statement says that it has successfully refinanced its existing project finance facility of […] Read more
300 MW Solar Projects Planned at Chandrapur CSTPS Updated On Wed, Feb 16th, 2022 by Saurenergy Chandrapur Super Thermal Power Station (CSTPS) will develop a whopping 300MW solar power project to offset or mitigate its persisting carbon emission. The super thermal power station has been in the news for a long time for the massive air pollution caused by it. The company has now decided to create three solar power plants […] Read more
APTEL Clears Way For BSES Discoms to exit NTPC’s Dadri-I PPAs Updated On Wed, Feb 16th, 2022 by Saurenergy In a major relief to BSES Yamuna and BSES Rajdhani, the Appellate Tribunal for Electricity (APTEL) has upheld the appeal by the two DISCOMS and allowed them to withdraw from the power purchase agreements (PPA) and supplementary PPA with NTPC’s Dadri I plant. The key reason behind the order is that the power generating plant […] Read more
Tata Group declines to participate in ‘EV Battery’ PLI Scheme Updated On Wed, Feb 9th, 2022 by Saurenergy The Tata Group, which is a key player in the country’s transition to clean energy, has decided to not participate in the government’s massive Rs 18,100-crore production-linked incentive (PLI) for the EV Battery development in the country. The Tata Group found that the return on the risks involved in the segment looks unfavourable for them. […] Read more
SJVN to Develop 10,000 MW Solar Projects in Rajasthan Updated On Wed, Feb 9th, 2022 by Saurenergy In a major development in the renewable sector, mini-ratna SJVN will soon sign a Memorandum of Understanding (MoU) with the Rajasthan Government to develop 10,000 MW solar power projects in the next 5 years in Rajasthan. A formal proposal was submitted by SJVN for the said project to the Rajasthan government. It was accepted and […] Read more
Ayana, Fortum bag 600 MW Solar Power Auctions for Gadag, Koppal in Karnataka Updated On Mon, Feb 7th, 2022 by Saurenergy Leading solar power companies Project Eight Renewable Power Private Limited (Ayana) and Solar One Energy Private Limited (Fortum) have won 600 MW in Solar Energy Corporation of India’s (SECI) solar power auctions. This particular bid was for the Gadag Sub-Station. Talking about individual success of both the players, Ayana has won 300 MW capacity at […] Read more
Azure Power’s $250 million Rights Issue Subscribed 78.4%, Saved By Largest Stakeholders Updated On Fri, Jan 28th, 2022 by Saurenergy Azure Power Global Limited announced today the final results of its previously announced rights offering of $250 million. By the end of the subscription period on January 24, 5:00pm EST, 78.4% of the rights had been exercised, and, accordingly, 12,404,282 newly issued equity shares of the Company were subscribed. The remaining 3,424,635 unsubscribed shares will be […] Read more
Power Minister Interaction With Stakeholders On Draft Policy For Energy Storage Systems Updated On Thu, Jan 27th, 2022 by Saurenergy In an important discussion on January 25, the Union Minister of Power and New and Renewable Energy, R.K. Singh interacted with Renewable Energy developers, industry and various government representatives to discuss the elements of the draft Policy on Energy Storage system. The policy aims at the creation of technology-agnostic large storage systems across the value […] Read more
Bengaluru’s Ayana Renewable Crosses 1 GWac Operational Capacity Updated On Tue, Jan 25th, 2022 by Saurenergy Ayana Renewable Power, a renewable energy platform that is majority-controlled by National Investment and Infrastructure Fund (NIIF), has announced that its portfolio has crossed 1 GWac of operational renewable energy (RE) capacity. With an operating portfolio of 1.19 GWac, Ayana is one of the largest RE developers in India, a press release from the company […] Read more
