ACME’s Subsidiary Secures Rs. 1,988 Cr Financing From PFC Updated On Thu, Dec 26th, 2024 by Saurenergy ACME Renewtech Private Limited, a subsidiary of Haryana-based ACME Solar Holdings (ACME Solar) recently secured Rs. 1,988 crore term loan financing from Power Finance Corporation (PFC). This financing will fund the development and construction of a 300 MW Solar-Wind Hybrid Renewable Energy Project. The project will be located in high-resource potential areas, with solar capacity […] Read more
The 10 Big Milestones That Will Define India’s RE Sector In 2025 Updated On Thu, Dec 26th, 2024 by Saurenergy The Indian renewable energy market witnessed several historic events in 2024. These include policy changes, diversified and copious tenders, a record pace of green project installations, bulging order books across manufacturers, EPCs and more. While the overarching focus of the year was to be self-reliant in manufacturing, with real progress finally visible, China still cast […] Read more
Green Stocks Dec 20: Amid Market Mayhem, Some Green Stocks Make a Point Updated On Fri, Dec 20th, 2024 by Saurenergy On a day when the market left few stocks unscathed in a broad slump, it was left to a few green stocks to hold out yet again, Starting with EPC firm KPI Green Energy, which rose 5%, to Premier Energies which somehow stayed in the green. However, the sharp drop in many others, notably SWREL […] Read more
Refex, LC Infra Collaborate For 150 MW MAHAGENCO Solar Project Updated On Wed, Dec 18th, 2024 by Saurenergy Tamil Nadu-based Refex Renewables & Infrastructure Limited recently incorporated LC Infra Solar LLP as its new step-down subsidiary. The new entity is designed to build a 150 MW solar power project. Maharashtra State Power Generation Co. Ltd. (MAHAGENCO) awarded this project to Refex. To develop this project, the company established the subsidiary through an initiative […] Read more
Sembcorp Enters BESS Market In India, RE Capacity Touches 6 GW Updated On Wed, Dec 18th, 2024 by Saurenergy Sembcorp Industries (Sembcorp) today announced receiving a Letter of Award (LoA) for a 150 MW solar photovoltaic project coupled with a Battery Energy Storage System (BESS) of 300MWh. The Singapore-based company secured this award from the Solar Energy Corporation of India Ltd (SECI) through its subsidiary Sembcorp Green Infra Private Limited (SGIPL). The Build-Own-Operate (BOO) […] Read more
Prakash Chand Garg Joins NSEFI As Its New Principal Advisor Updated On Mon, Dec 16th, 2024 by Saurenergy The National Solar Energy Federation of India (NSEFI), an industry body representing India’s renewable energy sector, has appointed Prakash Chand Garg as NSEFI’s new Honorary Principal Advisor. PC Garg’s illustrious career spans over 37 years in the power sector, during which he has held diverse and impactful roles. In his long career, he has contributed […] Read more
ReNew To Go Private? Key Investors Make Offer Updated On Thu, Dec 12th, 2024 by Saurenergy ReNew Energy Global, which got listed at the NASDAQ exchange in the US through the SPAC route back in 2021, could well go private next year, if its biggest investors, including founder Sumant Sinha have their way. A consortium with voting rights of 64% have offered to take the company private at $7.07 per share, […] Read more
Jevargi, Juniper, Avaada, and ACME Secure 1.2 GW FDRE Tender Updated On Thu, Dec 12th, 2024 by Saurenergy NHPC, has announced the winners of its 1.2 GW Firm and Dispatchable Renewable Energy (FDRE) VI auction. It awarded the bids to four winners: Jevargi Solar Power (Rays Power Infra), Juniper Green Energy, Avaada Energy, and ACME Solar Holdings. The tender for this project was released in June this year, and the results have been […] Read more
Green Stocks Dec 11: EPCs Up, Developers Down Updated On Wed, Dec 11th, 2024 by Saurenergy In a role reversal of sorts, solar EPC firms enjoyed their day in the sun today, even as green developers, who had started the week on a bright note, faced selling pressure. All of KPI Green, SWREL, and Waaree RTL enjoyed a day with some gains, especially Shakti Pumps, which made a decisive 5% up […] Read more
