Adani Green Energy Q3 Results- Operational Capacity Up 35%, EBITDA 44% Updated On Tue, Feb 7th, 2023 by Saurenergy Embattled Adani group firm, Adani Green Energy Limited has reported its results for the Q3, Fy23. The firm, with a target of 25 GW of renewable assets by 2025, has reported a strong financial Performance, with revenue from power supply increasing by 39% YoY to Rs 3,695 Cr. The firm continued to lead in generation […] Read more
MP Govt Electric Utility Assigns Max Capacity (1000 KW) to Autosys Indore for 9.82 MW Rooftop Tender Updated On Mon, Feb 6th, 2023 by Saurenergy Madhya Pradesh Paschim Kshetra Vidvut Vitaran Company Limited (MPPKVVCL), a government electric utility firm had issued a tender for the design, supply, erection, testing, and commissioning including warranty, comprehensive operation an maintenance of grid-connected rooftop solar plant. This was for various capacities under Phase-II of grid connected rooftop solar scheme of MNRE in MPPKVVCL. The […] Read more
Goldi Solar Bags NHDC’s EPC Contract on 8 MW Solar Plant to be Set up in MP Updated On Mon, Feb 6th, 2023 by Saurenergy Gujarat-based Goldi Solar has been awarded a project for a tender issues by Narmada Hydro-electric Development Corporation Limited (NHDC). The project is for the design, EPC contract aimed at the development of 8 MW ground-mounted solar PV plant at Sanchi district at Raisen, Madhya Pradesh. The contract includes evacuation arrangement up to DISCOM substation along […] Read more
Sprng Energy Finally Gets Exit From 100 MW Wind Project At CERC Updated On Fri, Feb 3rd, 2023 by Saurenergy Sprng Wind Energy Private Limited, has finally received confirmation for termination of the power purchase agreement (PPA) signed with the Solar Energy Corporation of India (SECI). The project in question was a 100 mega-watt (MW) wind project planned in Dhar, Madhya Pradesh. While delays in the signing of the PPA, and subsequently, the covid pandemic […] Read more
Budgetary Allocation for Solar Sees Upward Thrust, But Wind Slumps Updated On Thu, Feb 2nd, 2023 by Saurenergy Finance Minister Nirmala Sitharaman has placed eminence on green growth in Budget 2023-24. Consequently, a slew of announcements and schemes have been announced. Off-grid and grid-connecting solar projects as well as PM-KUSUM has also see a major increase in budgetary allocation. An outlay of Rs 7327 crore has been approved towards the scheme for both […] Read more
Thomas Lloyd Acquires Investor Shares in Solar Developer SolarArise Updated On Mon, Jan 30th, 2023 by Saurenergy Delhi-based SolarArise and Investment Fund Thomas Lloyd have announced the completion of acquisition of its investors shares by ThomasLloyd Energy Impact Trust (TLEI), an investment trust listed on the London Stock Exchange (LSE). The deal makes SolarArise an Indian utility scale solar company with its assets listed as a part of a trust on the […] Read more
CERC Asks SECI to Pay Azure Subsidiary Additional Project Cost Following Safeguard Duty Norms Updated On Mon, Jan 23rd, 2023 by Saurenergy The Central Electricity Regulation Commission has directed SECI to recompense Azure Power FortyOne, a subsidiary of Azure Power India, on the incremental posts costs along with additional costs as incurred by the firm due to the imposition of safeguard duty. The duty led to the shot up of the project cost for Azure. Further, the […] Read more
2023’s Promise for Solar. Will India Rise To The Challenge? Updated On Mon, Jan 23rd, 2023 by Saurenergy Early into 2023, the ground is set for a momentous shift for solar. But first, the numbers. In the Jan-Dec period, figures from India’s Central Electricity Authority show that the country added 13956 MW of solar capacity, of which just over 11 GW was utility scale solar. This is by far the best ever performance […] Read more
MP’s Neemuch 15 MW Wind, 21 MW Solar Project Withdrawn; Uncertainty Over Other Projects Updated On Mon, Jan 23rd, 2023 by Saurenergy It was only a week ago that the mayor-in-council of the Bhopal Municipal Corporation (BMC), Malti Rai had given the green signal to a 15 MW wind power and a solar energy project with 21 MW of capacity slated for establishment in Neemuch, Madhya Pradesh. The proposal for the projects was withdrawn before it could […] Read more
