As India Goes Past 100 GW Solar Milestone, No Time To Rest Updated On Wed, Jan 29th, 2025 by Saurenergy If ever there was a better use of the term turning point, inflection point, or simply the year when everything fell into place, 2024 would probably come the closest for the Indian solar market. These 365 days proved to be a harbinger of several good news for the different stakeholders in the industry, including solar […] Read more
Shakti Pumps Delivers With 130% Profit Rise in Q3 Fy25 Updated On Mon, Jan 27th, 2025 by Saurenergy Indore based Solar pump leader Shakti Pumps declared its Q3 results on Friday evening. The company reported a 130.09% year-on-year (YoY) jump in net profit at Rs 104 crore for the third quarter that ended December 31, 2024. In the corresponding quarter of the previous fiscal, the company had posted a net profit of Rs […] Read more
Avaada Closes Financing For 9 of Its Diverse RE Projects In Q3FY25 Updated On Wed, Jan 22nd, 2025 by Saurenergy Avaada Group, a company operating in India’s renewable energy landscape, has successfully completed financing/refinancing of nine of its projects across the business divisions totaling for an amount of INR 8500 Crs (~USD 1 Bn). The transactions include a mix of Utility scale IPP projects, large-scale Agri Photovoltaic projects, Merchant power generation projects, C&I projects and […] Read more
Pralhad Joshi Reviews Solar Incentives Disbursed To Discoms Updated On Wed, Jan 22nd, 2025 by Saurenergy Union Minister of New and Renewable Energy Pralhad Joshi during a review meeting reviewed the disbursed amount of incentives released by the discoms for promoting rooftop solar. He highlighted the latest progress made by Rajasthan, Haryana, Punjab, Uttarakhand, and Uttar Pradesh Discom. The meeting reviewed the incentives released to Discoms for the financial years FY […] Read more
Odisha Mulls Min 4 Service Centers For Solar Pump OEMs Updated On Tue, Jan 21st, 2025 by Saurenergy The Odisha government has announced plans to require a minimum of four service centers for solar pump Original Equipment Manufacturers (OEMs) in the state. The Odisha Renewable Energy Development Agency (OREDA), the state’s nodal agency, has issued its latest Expression of Interest (EOI) to facilitate this initiative. The EOI invites OEMs to apply for empanelment, […] Read more
Advait Energy Bags 40,000 Off-Grid Solar Pumps Order In Karnataka Updated On Mon, Jan 20th, 2025 by Saurenergy Gujarat-based company Advait Energy Transitions recently secured an off-grid solar order from Karnataka Renewable Energy Development Limited (KREDL). The company secured the order to develop 40,000 off-grid or stand-alone solar pumps under the PM-KUSUM Component ‘B’ scheme in Karnataka. Advait Energy said in a regulatory filing, “The company will design, develop, deploy, and maintain a […] Read more
Odisha Issues Tender For Off-Grid Solar Pumps Updated On Fri, Jan 10th, 2025 by Saurenergy The Odisha Renewable Energy Development Agency (OREDA) has issued a tender for off-grid solar pumps. The state nodal agency issued the tender under the PM-KUSUM scheme. The agency asked the eligible bidders to submit their bids by February 10, 2025. With this tender, OREDA plans to replace the existing diesel-run agricultural pumps with solar pumps. […] Read more
Oswal Pumps Set To Ride Solar Boom With IPO Nod Updated On Fri, Jan 3rd, 2025 by Saurenergy The Securities and Exchange Board of India (SEBI) has approved the issuance of an Initial Public Offering (IPO) by Oswal Pumps. This move paves the way for the Karnal-based solar pump company to enter the stock market. The approval comes at a time when several solar companies and solar pump manufacturers have already entered the […] Read more
Sahaj Solar Bags Rs.36.42cr Agri Solarization Order In Tripura Updated On Thu, Jan 2nd, 2025 by Saurenergy Gujarat-based Sahaj Solar recently secured a Letter of Award (LoA) from the Tripura Renewable Energy Development Agency (TREDA) for the solarization of existing 2 HP grid-connected agricultural pumps (IPS). The company stated in a regulatory filing, “These pumps include a 5-year guarantee/warranty and an annual maintenance contract, including insurance coverage, on a turnkey basis in […] Read more
