India’s Solar Self Sufficiency Dreams Move Ahead With Solar PLI II Bids Updated On Mon, Mar 6th, 2023 by Saurenergy Confirmations on the bidders for the phase 2 solar PLI (Performance Linked Incentives) scheme of the government are in, with Reliance Industries Limited (RIL), leading a host of companies that have bid for a slice of the incentives. In the guidelines for the second phase of the solar PLI scheme where Rs 19,000 crore has […] Read more
Adani Green Energy Records India’s Largest Operating Renewable Portfolio at 8,024 MW Updated On Fri, Mar 3rd, 2023 by Saurenergy Adani Green Energy (AGEL) has revealed that its 700 MW hybrid green energy project has been set into operation, following which, the firm’s cumulative operating renewable portfolio has reached 8,024 MW. This is India’s largest operating renewable portfolio. The said project is AGEL’s fourth wind-solar hybrid power plant that is fully in operation in Rajasthan’s […] Read more
Sri Lanka Investment Board Greenlights $442-mn Adani Green Wind Power Plants Updated On Thu, Feb 23rd, 2023 by Saurenergy The Board of Investment of Sri Lanka has given its nod to two wind power plants by AGEL (Adani Green Energy Ltd). These entail a cumulative investment of $442 million. As per the statement, the wind power plants that boast of 350 MW of capacity are scheduled for commissioning in two years. They will be […] Read more
Adani Green Energy Q3 Results- Operational Capacity Up 35%, EBITDA 44% Updated On Tue, Feb 7th, 2023 by Saurenergy Embattled Adani group firm, Adani Green Energy Limited has reported its results for the Q3, Fy23. The firm, with a target of 25 GW of renewable assets by 2025, has reported a strong financial Performance, with revenue from power supply increasing by 39% YoY to Rs 3,695 Cr. The firm continued to lead in generation […] Read more
As Adani Shares Drop, How Will It Impact Group’s Green Plans Updated On Tue, Jan 31st, 2023 by Saurenergy Shares of the Adani Group have been ambushed over the past week, dropping upto 40% in some cases. The report on the group by US based short seller Hindenberg research, a firm specialising in short selling shares with detailed public reports on their thesis, has done serious damage, coming as it did just before a […] Read more
Solar EPC: After Strong 2022, Industry Looks Ahead To Continuity in 2023 Updated On Tue, Jan 31st, 2023 by Saurenergy The Indian Solar EPC market looked good in the year gone-by as several EPC projects, both government and private, took off in 2022. Interestingly, even as large EPC firms with a global footprint like Sterling and Wilson Renewable Energy struggled with projects where they were on the hook for fixed price contracts, bearing heavy losses, […] Read more
2023’s Promise for Solar. Will India Rise To The Challenge? Updated On Mon, Jan 23rd, 2023 by Saurenergy Early into 2023, the ground is set for a momentous shift for solar. But first, the numbers. In the Jan-Dec period, figures from India’s Central Electricity Authority show that the country added 13956 MW of solar capacity, of which just over 11 GW was utility scale solar. This is by far the best ever performance […] Read more
Adani Firm to Acquire 50% Equity in Rajasthan’s Essel Saurya Urja Updated On Thu, Jan 19th, 2023 by Saurenergy Adani Renewable Energy Holding Two Ltd has announced that the company will acquire 50 per cent equity in Rajasthan based renewable energy company Essel Saurya Urja Company of Rajasthan Ltd (ESUCRL). The deal has been announced to be for Rs 15 crore from Essel Infraprojects a firm belonging to the troubles Essel Group whose promoters […] Read more
Adani Electricity Mumbai (AEML) Tender for 1500 MW Renewable Energy Updated On Tue, Jan 3rd, 2023 by Saurenergy In order to double its renewable share in the present offering to consumers, Adani Electricity Mumbai Limited (AEML) – a DISCOM under Adani Group – has issued a tender for the purchase of 1500 MW of power from grid connected renewable energy plants. Of this, 750 MW will be under greenshoe option. The AEML notification […] Read more
