Tata Power designates three independent directors Updated On Wed, Oct 19th, 2016 by Saurenergy Tata Power has appointed three independent directors – Anjali Bansal, Vibha Padalkar and Sanjay Bhandarkar – on the its board with effect from October 14, 2016. The appointments are in terms of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Tata Power said in a statement today. While Bansal is a […] Read more
NTPC on verge of commissioning 1 GW solar park in Andhra Pradesh Updated On Sat, Oct 1st, 2016 by Saurenergy National Thermal Power Corporation is aiming to implement India’s largest 1000MW solar PV generation park at Kadiri in Anantapur district of Andhra Pradesh. V.B. Fadnavis, Regional Executive Director (South), NTPC informed that 250MW, which is phase one of the project has been commissioned and has started power generation. The remaining 750MW is expected to be […] Read more
Tata Power acquires WREPL through share purchase agreement Updated On Thu, Sep 15th, 2016 by Saurenergy TPREL (Tata Power Renewable Energy Ltd), an arm of Tata Power, has completed 100 percent share purchase in WREPL (Welspun Renewable Energy Pvt Ltd) and its subsidiaries. Earlier in June, the company had announced that TPREL will acquire WREPL through a share purchase agreement (SPA) at an enterprise value of Rs 9249 crore, subject to […] Read more
Solar Installations in India to Reach 4.8 GW in 2016: Mercom Capital Updated On Fri, Sep 2nd, 2016 by Saurenergy Mercom Capital Group in its quarterly update on the Indian solar market revealed that solar installation in India will reach 4.8GW in calendar year 2016. The solar project pipeline in India is now approximately 21 GW, with 14 GW under development and 7 GW scheduled to be auctioned. India has reached 2.8 GW in solar […] Read more
Dr. Harsh Vardhan launches Solar Power Tree for Generation of Electricity Updated On Sat, Jul 23rd, 2016 by Saurenergy Dr. Harsh Vardhan, Union Minister for Science & Technology and Earth Sciences, has come up with a ‘Solar Power Tree’, which is an innovative way to generate electricity using solar power in a limited space. The Solar Power Tree has been engineered by the Central Mechanical Engineering Research Institute (CMERI), a laboratory of the Council […] Read more
PM Narendra Modi invites India’s top fossil fuel ventures to contribute in solar Updated On Fri, Jul 22nd, 2016 by Saurenergy India’s topmost energy corporations are moving beyond their roots in fossil fuels to plough money into renewables, supporting the idea of Prime Minister Narendra Modi’s goal to expand the growth of alternatives to the most polluting forms of energy. According to the reports of state agency responsible for implementing energy policy, one of the prominent […] Read more
ACME to sell 275MW of its operational solar assets to IDFC Alternatives: Report Updated On Thu, Jun 16th, 2016 by Saurenergy IDFC Alternatives is reportedly gearing up to buy 275 megawatts (MW) of operational solar assets from ACME Solar. Livemint citing sources reports that the deal between the two companies will likely close in stages as “IDFC will need separate approvals from the lenders of the various assets and other approvals as per the power purchase […] Read more
Tata Power Renewable Energy signs SPA to acquire Welspun Renewables Energy Updated On Mon, Jun 13th, 2016 by Saurenergy Tata Power Renewable Energy Limited (“TPREL”), a 100% subsidiary of Tata Power, has signed a Share Purchase Agreement (SPA) with Welspun Energy (“WEPL”) to acquire its subsidiary Welspun Renewables Energy Private Limited (“WREPL”). It is estimated to be Rs 9,500 crore ($1.4 billion) deal. This is one of the largest transactions in renewables space in […] Read more
Punjab Govt. announces installation of world’s largest solar power roof top panel Updated On Mon, May 16th, 2016 by Saurenergy The Punjab government has announced installation of world’s largest solar rooftop panel at the Dera Baba Jaimal Singh Beas, in Amritsar. The project is expected to cost around Rs. 139 crores, it will cover a total area of 82 acres over eight shelters. Tata Power Solar has commissioned the 12 MW solar rooftop project for […] Read more
