Proposed Scheme On Discom Dues Could Lead To Rs 9,000 Crore Flow Towards RE Developers Updated On Thu, Jun 23rd, 2022 by Saurenergy Leading ratings firm CRISIL estimate that the proposed scheme for liquidating discom dues could be a windfall for RE developers, among others. Rs 9,000 crore over the next two fiscals could be released for RE developers, states the firm. This could majorly impact the receivables period of leading RE gencos of 40-50 days from the […] Read more
ReNew Analyst Call Highlights- Module Mfg Hiked To 6 GW, Corporate PPA Market, More Backward Integration Updated On Thu, Jun 16th, 2022 by Saurenergy Nasdaq listed ReNew Energy Global (ReNew Power), which announced its Q4 results for FY 22 yesterday (June 15), hosted its analyst call later in the evening. We bring you some of the key highlights from the call, where Founder, Chairman and CEO Sumant Sinha Spoke, along with new CFO Kedar Upadhye, Chief Sustainability Officer Vaishali […] Read more
GE Finance takes 49% Stake In Continuum Wind Energy Project In Gujarat Updated On Thu, Jun 16th, 2022 by Saurenergy General Electric has declared that it has acquired a 49% stake in the Morjar wind energy project in Gujarat. The official statement says that GE Energy Financial Services and Continuum Green Energy (India) closed the financial deal of GE Energy Financial Services’ acquisition in the Continuum’s developed wind project. Morjar is an onshore wind energy […] Read more
Tata Power Commissions 450 MW DC Project For Brookfield Renewable In Rajasthan Updated On Wed, Jun 8th, 2022 by Saurenergy India’s largest integrated solar company, Tata Power Solar has commissioned a 450 MW DC capacity solar pant for Brookfield Renewable India. The installation entails set up of over 800,000 modules and was completed within record 7 months’ timeframe. The project will produce over 800 GWh of clean energy annually. Commenting on the project commissioning, Dr. […] Read more
O2 Power Commissions First 250 MW Solar Project in Bikaner Updated On Mon, Jun 6th, 2022 by Saurenergy Temasek and Alternative Asset Manager EQT backed O2 Power India has commissioned its first solar project in India, the 250 MW Solar project at Jaisalmer, Rajasthan. Announced by the firm on its social handle, the project was commissioned over phases in April-May this year. It has 1030 MW of projects under development in Rajasthan, including […] Read more
ReNew Power Announces Adding 700 MW; Portfolio Jumps to 12.8 GW Updated On Fri, Jun 3rd, 2022 by Saurenergy Renewably energy player ReNew Power has announced that it has signed definitive agreements to acquire an operating wind and solar portfolio of about 528 MW. The green power capacity comprises 471 MW of wind and 56 MW of solar assets. ReNew Power has also signed a power purchase agreement (PPA) with Maharashtra’s MSEDCL for a […] Read more
SECI Extends Commissioning Date For UPC backed Masaya Solar Project Updated On Fri, Jun 3rd, 2022 by Saurenergy The Central Electrical Regulatory Commission ordered petitioner Masaya Solar Energy Private Limited on May 30 to withdraw its petition when Solar Energy Corporation of India Ltd (SECI) submitted before the CERC the rescheduled commissioning of a project as prayed by the petitioner. A bench of three judges under chairmanship of IS Jha heard the matter. […] Read more
GAIL India To Invest Rs 6,000 Crore In RE Projects For 1 GW Updated On Tue, May 31st, 2022 by Saurenergy State-owned Gail India is going to invest Rs 6,000 crore on renewable energy projects in the next three years. And if required, the investment can go up by an additional Rs 20,000 crore by 2030, according to GAIL India CMD Manoj Jain. Although the plan is to commission 1 GW power from renewable energy within […] Read more
South India’s Second Big Renewable Push Starts Now Updated On Mon, May 30th, 2022 by Saurenergy Introduction Back in 2014-15, when the new government of Prime Minister Modi first took stock, and hiked India’s renewable energy target 5 fold to 175 GW by 2022, a number of assumptions were made. From the share of solar (100 GW), to the share of rooftop solar within that (40 GW), Wind energy (60 GW) […] Read more
