ReNew to Acquire Orange’s Portfolio in $950 Million Deal to Bulk Up Before IPO Updated On Wed, Jul 19th, 2017 by Saurenergy ReNew power is in in active discussions with Orange Renewable to acquire its portfolio of a little over 600 MW of predominantly wind and a smattering of solar assets for Rs 6175 crore ($950 million) of enterprise valuation, and has already submitted a non binding offer and is conducting diligence. Sumant Sinha led ReNew Power […] Read more
Solar Energy Sector Sees $4.6 Billion Funding in First Half Current Fiscal Updated On Mon, Jul 17th, 2017 by Saurenergy Solar energy sector has seen funding from corporate, venture capital funding, public market and debt financing that all together stood at USD 4.6 billion in the first half of this year. Solar energy sector witnessed corporate funding of USD 4.6 billion globally in the first six months this year, marginally higher than the year-ago period. […] Read more
There’s more to Indian Solar Tariffs than Meets the Eye Updated On Tue, Apr 18th, 2017 by Saurenergy The record low solar tariff of INR 3.29 that was bid in Rewa Solar Power Project, has been surpassed by National Thermal Power Corporation’s 250 MW project, Engie’s Solairedirect submitting INR 3.15 tariff rate. India achieved a record low solar tariff of INR 3.29 (US¢ 5.1)/kWh in the Rewa tender in February. That record was […] Read more
Secondary Solar Market in India Updated On Tue, Apr 18th, 2017 by Saurenergy with the rise of the solar market, there has been a constant pressure on Indian developers to churn their capital. To minimize the pressure the developers are laying the foundation for the advent of the secondary market for solar assets by shopping their rapidly growing solar projects to prospective investors. The merger and acquisition (M&A) […] Read more
UBM India Commences Second edition of RenewX in Hyderabad Updated On Mon, Apr 17th, 2017 by Saurenergy launched the second edition of RenewX was held in Hyderabad on April 7-8, witnessing a congregation of South India’s green economy community. UBM India, organizers of Renewable Energy India ( REI ) Expo launched the second edition of RenewX, a two day expo (April 7-8 ) at Hitex, Hyderabad. The expo witnessed a congregation of […] Read more
Indian Solar Sector Witnessed $1.6 Billion In Funding And M&A Transactions In Q1 2017: Mercom Capital Updated On Thu, Apr 13th, 2017 by Saurenergy Mercom Capital in its report states that ReNew Power was the highest funded company raising VC (venture capital), debt and project funding during the quarter. Renewable Energy Minister Piyush Goyal recently informed Rajya Sabha that India has added 5525 MW solar power generation capacity last fiscal, taking the total from this clean source to 12288 […] Read more
Telangana to Double its Solar Power Generation Capacity Updated On Sat, Apr 8th, 2017 by Saurenergy Telangana government has announced an ambitious target to double solar power 1600 MW in 2017 to around 3400 MW by next year. Telangana government expects to double its solar power generation capacity of the state from 1600 MW in 2017 to around 3400 MW by next year. “Our solar generation capacity will be double in […] Read more
India to Add 1 GW of Solar by the End of April at Kurnool Solar Power Park in Andhra Pradesh Updated On Thu, Apr 6th, 2017 by Saurenergy The 1 GW Kurnool Solar Power Park is being implemented by Andhra Pradesh Solar Power Corporation Private Limited under the National Solar Mission Phase-II, Batch-II, State Specific Bundling Program. The entire Kurnool Ultra Mega Solar Power Park of 1 GW capacity is expected to be connected to the grid by the end of April 2017. […] Read more
Ministry of Commerce & Industry releases Make in India New and Renewable Energy Sector – Achievement Report Updated On Thu, Jan 19th, 2017 by Saurenergy The New & Renewable Energy sector has witnessed the highest ever-solar power and wind power capacity addition over the last two years since April 2014. The Government has set a target of 175 GW of renewable energy capacity by end of 2022, making it the largest expansion in the world and providing plenty of opportunities […] Read more
