Q3 2024: GE Vernova Faces $300Mn Loss Despite Onshore Wind Profitability Updated On Fri, Sep 13th, 2024 by Saurenergy GE Vernova recently released its financial results for 2024, in its financial guidance it posted a revenue trending towards the higher end of $34-$35 billion, adjusted EBITDA margin* of 5%-7%, and free cash flow* of $1.3-$1.7 billion. The company expects incremental strength in its Power and Electrification segments, with both trending towards the higher end […] Read more
After Defiance By BESCOM, KERC Issues Fresh Order On Net-Metering Updated On Fri, Sep 13th, 2024 by Saurenergy The Karnataka Electricity Regulatory Commission (KERC) has now issued a fresh order for the ESCOMS in Karnataka. This comes after the state power regulator found irregularities in the implementation of its earlier order where it talked about non-availability of the benefits of net metering facility for rooftop solar consumers who opt for open access connections. […] Read more
Waaree Energies Recognized In RETC PV Benchmarking Report Updated On Fri, Sep 13th, 2024 by Saurenergy Indian solar module manufacturer Waaree Energies Limited today announced its inclusion in the RETC PV Benchmarking Report 2024. The company said that it was only Indian solar panel manufacturer included in this report. Waaree Energies Limited has been rated as the overall highest achiever in the PVMI Report 2024. This award has been presented during […] Read more
Electrical Renewable Designer Updated On Fri, Sep 13th, 2024 by Saurenergy Functions in a mid level engineering technician capacity. Under general supervision, performs functions requiring intermediate knowledge and use of electronic applications, standards and document control processes/procedures in support of creating and modifying deliverables. May begin to provide technical guidance to other engineering technicians. Key Responsibilities:- Engineering Standards:- Continues to learn and remains current on standards, […] Read more
SECI Opens Bids For 1 GW Solar Power Projects Across India Updated On Fri, Sep 13th, 2024 by Saurenergy The Solar Energy Corporation of India (SECI) recently released a tender to select solar power developers for 1 GW Inter-State Transmission System (ISTS)-connected solar PV power projects in India. The tender placed 4th October as the last date for bid submission. Under the scope of work, SECI mandates the solar power developer (SPD) to build […] Read more
President Approves VGF Scheme For 1 GW Offshore Wind Projects Updated On Fri, Sep 13th, 2024 by Saurenergy President of India, Droupadi Murmu, has approved the government’s plan to award Viability Gap Funding (VGF) to boost offshore wind projects in India. The Ministry of New and Renewable Energy (MNRE), in its latest notification, stated that it has received approval for the plan. With the President’s sanction, India is now set to provide VGF […] Read more
Solarium Green Energy Limited Is BSE Bound, Files DRHP With BSE Emerge Updated On Fri, Sep 13th, 2024 by Saurenergy Ahmedabad-based Solarium Green Energy, specializing in Turnkey solutions for solar projects, including design, engineering, procurement, testing, installation, commissioning, transmission systems, and comprehensive O&M services, has filed its Draft Red Herring Prospectus with BSE SME in preparation for the IPO, The issue size will be of up to 55,00,000 Equity Shares. The objective of the issue […] Read more
SECI Issues Fresh FDRE Tender For 8 GWh (2GW x 4 hours) Updated On Fri, Sep 13th, 2024 by Saurenergy The Solar Energy Corporation of India (SECI) has announced a Firm and Dispatchable Renewable Energy (FDRE) tender for peak supply totaling 8,000 MWh (2,000 MW x 4 hours). The project will be developed on a Build Own Operate (BOO) basis. SECI intends to sign a Power Purchase Agreement (PPA) with the successful bidders for a […] Read more
NHPC Discovers Lowest Tariff Of Rs. 4.37 For 1.2 GW FDRE Project Updated On Fri, Sep 13th, 2024 by Saurenergy NHPC has announced the winners of the 1.2 GW solar project under Tranche II. It allocated the project to five successful bidders: Essar Renewables, Juniper Green Energy, Serentica Renewables, Hexa Climate Solutions, and Avaada Energy. According to the tender results, NHPC allocated Essar, Juniper, and Serentica 300 MW, 200 MW, and 150 MW of capacities […] Read more
