Discoms Dues to Power Generators Rises to Rs 81k Cr in November Updated On Mon, Jan 6th, 2020 by Saurenergy Power producers’ total outstanding dues owed by Discoms increased around 45 percent to Rs 81,085 crore in November 2019. Power producers’ total outstanding dues owed by Discoms increased around 45 percent to Rs 81,085 crore in November 2019 over the same month previous year, reflecting stress in the sector. Discoms owed a total of Rs 54,834 […] Read more
EIB to Finance 300 MW Solar Power Project in Spain Updated On Thu, Dec 12th, 2019 by Saurenergy EIB has announced that it will invest EUR 76.5 million in one of the largest solar projects in Spain, the 300 MW capacity Talayuela solar power project The European Investment Bank (EIB), the premier investment institute in the region has made a big mark at the ongoing COP 25 climate conference in Madrid, Spain with […] Read more
Azure Power Quarterly Revenue up 28% at $40.3 Million Updated On Sat, Nov 16th, 2019 by Saurenergy Azure Power has announced its consolidated results under the United States GAAP for the fiscal Q2 2020, reporting an increase in revenue of 28 percent Azure Power, a leading independent solar power producer in India, has announced its consolidated results under the United States Generally Accepted Accounting Principles (GAAP) for the fiscal second quarter 2020, […] Read more
Azure Power Inks Subscription Pact to Raise $75 Mn Updated On Thu, Nov 7th, 2019 by Saurenergy Gupta further said “with this capital raise, our current committed projects will be fully equity funded.” Country’s one of the largest solar power developers and operators Azure Power has signed a subscription pact to raise USD 75 million via private placement of over sixty four lakh equity shares at USD 11.55 per share to Caisse de depot et placement […] Read more
Azure Power Planning to Issue a USD 350 Million Green Bond Updated On Thu, Sep 19th, 2019 by Saurenergy Azure Power will issue a USD 350 million green bond offering, to use the proceeds to refinance existing indebtedness. Azure Power Solar Energy, a wholly-owned subsidiary of Azure Power Global, a leading independent solar power producer in India, will issue a USD 350,101,000 green bond offering, maturing in 2024 with an expected US Dollar coupon […] Read more
ReNew Power Raises $300 Million Through Rights Issue Updated On Mon, Jul 1st, 2019 by Saurenergy Gurugarm based ReNew Power announces that it has successfully raised $300 Million through a rights issue Clean energy firm ReNew Power has announced to have raised $300 million (approx. Rs 2,050 crore) through a rights issue. Goldman Sachs, Abu Dhabi Investment Authority (ADIA), and Canada Pension Plan Investment Board (CPPIB) have subscribed to the issue, […] Read more
Inox Wind Commissions Power Evacuation System with ISTS Network in Gujarat Updated On Mon, Jun 24th, 2019 by Saurenergy Inox Wind Limited has announced the commissioning of the common power evacuation facilities at Dayapar site in Gujarat. Inox Wind Limited, one of India’s leading wind energy solutions provider, has announced the commissioning of the common power evacuation facilities at Dayapar site in District Bhuj in the State of Gujarat. The common power evacuation systems […] Read more
Azure Power Announces 29% Gain in Revenue For FY 2018-19 Updated On Wed, Jun 12th, 2019 by Saurenergy Total revenue for Azure Power during the year was Rs 992.6 crore, up by 29% from Rs 770 crore during last year. Azure Power, a leading independent solar power producer in India, has announced its consolidated results and revenue for the fiscal fourth quarter and year ended March 31, 2019. The company generated a revenue […] Read more
Huawei Supplies Smart String Inverters to ReNew Power’s Largest Utility Solar Project Updated On Tue, Apr 23rd, 2019 by Saurenergy Huawei supplied its SUN2000-95KTL-INH0 (“95KTL”) 1500Vdc smart interactive string inverters for the setting up of the project. ReNew Power, India’s largest renewable energy IPP (Independent Power Producer) recently announced that its 300 MW solar plant at Pavagada Solar Park was successfully on the commercial operation. Chinese inverter manufacturing major, Huawei supplied its SUN2000-95KTL-INH0 (“95KTL”) 1500Vdc […] Read more
