ReNew Power Gets Green Project Finance of Rs 800 Cr from Bank of America Updated On Wed, Nov 9th, 2022 by Saurenergy ReNew Power has received a loan/ green project finance from Bank of America totaling roughly Rs 800 crore, the lender’s first local project financing agreement in the renewable energy industry after a protracted absence. The company will benefit from cheaper funding costs thanks to the five-year green loan facility in rupees, as the money will […] Read more
Tata Power Signals Strong EPC Recovery In Renewables At Q2 Analyst Meet Updated On Wed, Nov 2nd, 2022 by Saurenergy For Tata Power Limited, the FY 23 Q2 results have been a time to cheer, with record revenues and profits for the quarter. Total revenues at Rs 14, 163 crores were almost 50% higher than revenues in the corresponding quarter last year. Net profits came in even higher, up 85% at Rs 884 crores, versus […] Read more
Omkareshwar 300 MW Floating Solar Tender Oversubscribed by 700 MW Updated On Mon, Oct 31st, 2022 by Saurenergy Rewa Ultra Mega’s Solar Ltd (RUMSL)- a joint venture between SECI and MUVN, that is to develop 300 MW floating solar project at the Omkareshwar Reservoir at Madhya Pradesh has been oversubscribed. The oversubscription is by 700 MW. The cumulative capacity of the project is 600 MW. That makes it the frontrunner to be the […] Read more
Saurabh Agrawal: New Chairman of Tata Power Renewable Energy Segment Updated On Fri, Oct 21st, 2022 by Saurenergy The board of Tata Power Renewable Energy was restructured by the Tata group recently, with the director of Tata Sons Saurabh Agrawal taking over as chairman. Three new directors were added to the board, including Eduard Ruijs, Managing Director and Head of the London-based BlackRock Global Infrastructure Fund team. The board also welcomed Rajiv Mehrishi, […] Read more
Tata Motors to deliver 2000 XPRES T EVs to E-Cab Firm Evera Updated On Thu, Oct 20th, 2022 by Saurenergy India’s auto major Tata Motors has signed an agreement with Evera, one of the earliest EV only – ride-hailing platform in Delhi NCR region, for delivering 2,000 XPRES T electric vehicles. These vehicles are an addition to the already existing fleet of Tata Motors’ EVs present with the aggregator. Tata Motor held that the decision […] Read more
TPCDOL Invites 180 MW Grid-connected Solar Pumps Under KUSUM Yojna – Component C Updated On Thu, Oct 13th, 2022 by Saurenergy A joint venture between Tata Power and Odisha Government, TP Central Odisha Distribution (TPCODL) has floated a 180 MW of tender for 40,000 grid-connected solar pumps under component-C of the Pradhan Mantri Kisan Urja Suraksha Evam Utthaan Mahabhiyan (PM-KUSUM) Yojna. These grid-connected submersible pumps will be under 1, 2, 3, 5, and 7.5 horsepower (HP). […] Read more
Tata Power to Expand Rajasthan RE Portfolio to 10-GW in Five Years Updated On Wed, Oct 12th, 2022 by Saurenergy Energy conglomerate Tata Power has revealed in an industry event that the company is looking to expand its renewable energy based portfolio in the resource abundant state of Rajasthan. The company has said during the Invest Rajasthan summit that it wants to develop about 10GW of renewable energy in the state in the coming five […] Read more
China’s Solar Dominance: How Key Consumer Markets Are Adapting Updated On Mon, Oct 3rd, 2022 by Saurenergy Governments across the globe are increasingly investing in various sources of new and renewable energy to reach their targets of either achieving carbon neutrality or reducing emissions considerably to help realise the goal of the Paris agreement – limiting the rise in global temperature below 2-degree celsius from pre-industrial levels. Solar power is one of […] Read more
Tata Power-Distribution Seeks Approval for Short-Term Power Purchase for October Updated On Mon, Oct 3rd, 2022 by Saurenergy On August 26, 2022, Tata Power Company Limited Distribution (TPC-D) submitted a petition to adopt a tariff for the purchase of 75 MW round-the-clock power (RTC). Following the tariff-based competitive bidding guidelines published by the Ministry of Power (MoP), Government of India (GOI), on March 30, 2016, Tata Power Company is looking to acquire electricity […] Read more
