AP High Court Throws Out 6.4 GW State Solar Auctions Updated On Fri, Jun 18th, 2021 by Saurenergy The Andhra Pradesh High Court declared yesterday that the state government’s 6.4 GW solar project auctions were bad in law, and quashed the request for selection (RfS) and power purchase agreement (PPA) for the same. The move follows a petition filed by Tata Power Renewable Energy in January this year, where it was contended that the […] Read more
PSU Gas Major GAIL To Join Solar Bandwagon Updated On Thu, Jun 10th, 2021 by Saurenergy Gas Authority of India Limited (GAIL), the largest operator of gas pipelines in the country, has announced plans to enter solar power development. GAIL commands ~70% market share in gas transmission and has a Gas trading share of over ~ 50% in India. GAIL and its Subsidiaries / JVs also have a formidable market share […] Read more
Adani Sets Plans Rolling for Wind Turbine Manufacturing Updated On Wed, Jun 9th, 2021 by Saurenergy Adani Enterprises Ltd (AEL) on Tuesday infirmed the stock exchanges about having incorporated a wholly-owned subsidiary company for manufacturing wind turbine generators. In a filing to BSE, the company said a fully owned subsidiary, Mundra Windtech Limited (MWL) was incorporated on on June 7, 2021. On the objects and effects of acquisition/incorporation for the acquisition of […] Read more
Adani Wind Commissions 150 MW Project 9 months before Schedule Updated On Thu, Jun 3rd, 2021 by Saurenergy Adani Wind Energy Kutchh Three Limited (AWEKTL), a subsidiary of Adani Green Energy Limited (AGEL), has announced the commissioning of a 150 MW Wind Power Project located in Kutchh, Gujarat, 9 months ahead of its Schedule. This is the 6th project commissioned before schedule by the company over the past 12 months. Wind Energy projects […] Read more
Adani Green Transfers 74% Stake of MSEL to Adani Tradecom LLP Updated On Mon, May 24th, 2021 by Saurenergy Ahmedabad-headquartered Adani Green Energy Ltd announced on Saturday that its subsidiary Adani Renewable Energy Holding Four Ltd has transferred 74 per cent shareholding of Mundra Solar Energy Ltd (MSEL) to Adani Tradecom LLP (ATLLP). It stated in a BSE filing, “7,400 equity shares are transferred to ATLLP at face value i.e. Rs 10 each, aggregating to Rs […] Read more
Adani to Acquire SB Energy’s 5 GW Portfolio in India’s Largest Renewables M&A Deal Updated On Wed, May 19th, 2021 by Saurenergy Adani Green Energy has signed agreements for the acquisition of 100 percent interest in SB Energy India from the SoftBank & Bharti Group Adani Green Energy Limited (AGEL), has announced that it has signed the share purchase agreements for the acquisition of 100 percent interest in SB Energy India from the SoftBank Group (80 percent) […] Read more
Solar Developers Trip Up Over Great Indian Bustard Habitat in Rajasthan Updated On Tue, May 11th, 2021 by Saurenergy Solar developers that made a beeline for Rajasthan, India’s largest state by area with a seemingly plentiful supply of non-agricultural land with high solar irradiance, have been served a shock by the Supreme Court. The court was hearing a case related to the impact on the habitat of the Great Indian Bustard, a critically endangered […] Read more
Adani Power Ltd Posts Rs 13.13 Crore Net Profit in Q4 2021 Results Updated On Fri, May 7th, 2021 by Saurenergy Adani Power Limited (APL), the power business subsidiary of Indian conglomerate Adani Group, yesterday recorded a consolidated net profit of Rs 13.13 crore in the March 2021 quarter, as opposed to, a BSE filing revealed, a consolidated net loss of Rs 1,312.86 crore in the quarter ended March 31, 2020. The reason for the pleasant result […] Read more
Adani Green Energy Posts 136% Increase in Cash Profit for FY21 Updated On Thu, May 6th, 2021 by Saurenergy Adani Green Energy, a part of the Adani Group, has announced its financial results for the quarter and financial year ended March 31, 2021. The company has reported strong numbers across its value chain including cash profit and awarded capacity in national tenders. Financial Performance: The firm reported that revenue from Power Supply in FY21 […] Read more
