Waaree Energies Gets SEBI Nod For Rs.1500 Cr IPO Updated On Tue, Jan 11th, 2022 by Saurenergy Waaree Energies Ltd, one of the country’s largest solar module manufacturers has received approval from markets regulator SEBI to launch its initial public offering (IPO). In September, the company had filed draft papers with SEBI. The IPO comprises fresh issue of shares worth Rs 1350 crore, and an offer for sale up to 4,007,500 equity […] Read more
Decoding The Reliance Gambit In Renewable Energy Updated On Tue, Nov 9th, 2021 by Saurenergy It All Started in 2017 It was on the firm’s 40th anniversary celebrations in 2017 that Mukesh Ambani, Chairman, Reliance Industries first asked the rhetorical question, “Can Reliance become a clean energy company?”. “Why Not?”, he answered it himself at the time, without getting into any further details. Almost three years later, at the firm’s […] Read more
The Waaree Energies IPO Finally Moves Closer, Marks A Major Step for Manufacturers Updated On Wed, Sep 29th, 2021 by Saurenergy Mumbai-based Waaree Energies, India’s largest solar module manufacturer, has filed a draft red herring prospectus (DRHP) with markets regulator Securities and Exchange Board of India (SEBI) to raise Rs 1,350 crore via an initial public offer (IPO). The issue will also have an offer for sale by promoters. The news comes even as enough indications […] Read more
Heard at REI 2021- 5 Takeaways From The Expo Updated On Mon, Sep 20th, 2021 by Saurenergy At the recently concluded REI 2021, it was an impressive show of strength for the sector, despite the usual hits and misses one would expect in a year like this. So while the Chinese presence was on the lower side, especially Chinese senior management from the top firms like Longi Solar, Jinko, Huawei etc, the […] Read more
REI Expo 2021 Is Back. Important Dates and Details Updated On Mon, Sep 6th, 2021 by Saurenergy The Renewable Energy India (REI) Expo, among Asia’s largest and most influential expo’s in the RE space by Informa Markets in India, is back this year in its 14th epic edition in a physical format. Scheduled for 15th – 17th September 2021 at the India Expo Mart, Greater Noida, REI is supported by Indian Biogas Association (IBA), […] Read more
Waaree Completes 300 MW Production for US Order Updated On Tue, Jul 27th, 2021 by Saurenergy Waaree Energies Ltd., the over Rs 2000 crore Mumbai-based solar manufacturing firm has completed the production of 300+ MW solar modules for Aquamarine, a 250-MW solar photovoltaic project that is part of the first phase of Westlands Solar Park (WSP) in California’s San Joaquin Valley. WAAREE has provided 385, 390 Wp Mono PERC Solar PV […] Read more
MNRE’s Recent Notification Clarifies Applicability of ALMM Order Updated On Thu, Jul 1st, 2021 by Saurenergy The Ministry of New and Renewable Energy (MNRE) has received representations seeking clarifications about certain aspects of ALMM (Approved List of Models and Manufacturers) Order, 2019. In response to this, the Grid Solar Power Division of the ministry has issued a notification, inviting attention to key provisions/instructions relating to the ALMM Order. Check the Official […] Read more
The BCD Calculus: Will It Deliver The Right Outcomes? Updated On Thu, Mar 25th, 2021 by Saurenergy As expected, once it did arrive, India’s Basic Customs Duty (BCD) plan for solar cells and equipment has managed to create just the sort of furore that the government claims it seeks to avoid. After all, for once, this was a decision that was long in coming, with intent having been announced last year itself, […] Read more
40% on Modules & 25% on Cells, MNRE to Impose BCD From April 1, 2022 Updated On Thu, Mar 11th, 2021 by Saurenergy The Ministry of New and Renewable Energy (MNRE) has finally finalised the new Basic Customs Duty (BCD) on solar PV cells and modules. As per an office memorandum, the Ministry is going to impose a 25 percent BCD on solar PV cells and 40 percent duty on solar modules without grandfathering of bid-out projects. However, […] Read more
