Extended Wait Ahead For Any Price Drops In Solar, Wind Updated On Wed, Aug 28th, 2024 by Saurenergy If you track India’s renewable sector, you couldn’t have failed to notice the seeming exuberance in recent months. Amplified by the soaring valuations of listed firms on the country’s stock exchanges, at SaurEnergy, we have tracked how a basket of ‘green energy’ stocks we track has grown over 120% in value over a year. This […] Read more
Premier Energies IPO Up For Subscription From Today Updated On Tue, Aug 27th, 2024 by Saurenergy Indian solar cell and solar module manufacturing company Premier Energies Limited today opened up its Initial Public Offer (IPO) for subscription for investors. The offerings will be open for the public from August 27 to August 29. With the IPO offerings, the Hyderabad-based company has planned fresh equity sales of Rs 1,291 crore. The allotment […] Read more
UltraTech Secures $500mn Financing For Sustainability Initiatives Updated On Tue, Aug 27th, 2024 by Saurenergy UltraTech Cement Limited (UltraTech) recently raised $500 million through a sustainability-linked loan, with participation from six banks. Sumitomo Mitsui Banking Corporation (SMBC) acted as the sole Sustainability Coordinator for this transaction and served as the exclusive advisor on UltraTech’s Sustainability-Linked Financing Framework. The primary lenders in the transaction include SMBC, SBI, BNP Paribas, DBS, MUFG, […] Read more
Albanese Govt Approves Australia’s New Industrial Solar Project Updated On Wed, Aug 21st, 2024 by Saurenergy The Albanese Government recently gave its environmental approval to build Australia’s new industrial solar power project in the Northern Territory. SunCable’s Australia-Asia Power Link is expected to be one of the big solar farms in Australia. This project is expected to generate up to 6GW of renewable energy, including 4GW which is to be used […] Read more
SGEL Seeks Bids To Develop 75 MW Solar Project At Banka, Bihar Updated On Tue, Aug 20th, 2024 by Saurenergy SJVN Green Energy Limited (SGEL) an SJVN subsidiary released a tender inviting bids to set up a 75 MW (AC) solar power project at Banka, Bihar. The tender invited bids to design, test, commission, operate, and management of the project (three years) with the 19th of September set as the last date for bid submission. […] Read more
APTEL Accepts SGD As Change In Law, Relief Likely For Developers Updated On Tue, Aug 20th, 2024 by Saurenergy In a case that involved a bunch of similar petitions from developers in Rajasthan executing projects worth 950 MW, and another batch in Andhra Pradesh involving projects worth 750 MW, the Appellate Tribunal for Electricity, has provided some measured relief for the developers involved. The petitions bunched together by the APTEL bench involved the acceptance […] Read more
NGEL Invites Bids For Sale Of 100,000 Carbon Credits From RE Project Updated On Mon, Aug 19th, 2024 by Saurenergy NTPC Green Energy Limited, a subsidiary of NTPC, has opened bids through a tendering process followed by a forward auction for the “sale of 100,000 carbon credits (VERs) from RE Projects (Wind and Solar) of NTPC Green Energy Limited registered under the VCS (Verified Carbon Standard) Program.” The tender document states, “The sale of carbon […] Read more
India May Add 30 GW Of Renewable Capacities In 2024-25 Updated On Wed, Aug 14th, 2024 by Saurenergy India seems to be racing towards achieving a record-breaking renewable capacity addition number in 2024-25. The rise in pace of solar and wind energy installations in the first seven months of calendar year 2024 indicates every probability of record capacity additions. This will follow a strong show in 2023, when 18.5 GW of renewable energy […] Read more
Avaada Signs MoU To Develop 2750 MW Of PSPs In Maharashtra Updated On Mon, Aug 12th, 2024 by Saurenergy Indian renewable project developer Avaada Group has now announced signing of a Memorandum of Understanding (MoU) with the Maharashtra government for the development of two Pumped Storage Projects (PSPs) with a combined capacity of 2,750 MW. This comes at a time when several leading companies in India like Adani Green, Greenko and others are showing […] Read more
