ENGIE Acquires 90% Stake in Simpa Energy India Updated On Wed, Nov 14th, 2018 by Saurenergy ENGIE has acquired 90 percent stake in Simpa Energy India French clean energy giant ENGIE has acquired a controlling stake in Simpa Energy India Pvt Ltd the company announced. The move is set to expand ENGIE’s geographical footprint and accelerate the company’s growth. ENGIE has acquired 90 percent stake in Simpa Energy India from its […] Read more
Rupee fall puts Rs 28,000 crore solar projects at risk Updated On Wed, Oct 31st, 2018 by Saurenergy With safeguard duty, this can crank up tariffs by 30 paise/unit for future projects Nearly half of the solar power capacities under implementation worth ~Rs 28,000 crore face viability risk because of the continuous fall in the rupee, which has made imported solar modules costlier and increased the cost of setting up solar plants. These […] Read more
Tata Power Announces Q2 FY 2018-19 Result with 85% Increase in Consolidated PAT; Reaffirms Strong Operating Performance Updated On Mon, Oct 29th, 2018 by Saurenergy Reports 19% Increase in Renewables Ebitda at Rs 631 crore Reports strong all-round performance in H1 FY19. Consolidated underlying business EBITDA stood at Rs 2,668 crore for the quarter due to strong operating performance of all businesses Q2 FY19 Consolidated PAT was up 85% at Rs 393 crore as compared to Rs 213 crore in previous year mainly due […] Read more
RK Singh Launches Award Scheme under ‘Saubhagya’ Updated On Tue, Oct 16th, 2018 by Saurenergy More than 1.65 crore households connected since the launch of Saubhagya. RK Singh, Minister of State (IC) for Power and New & Renewable Energy, has launched an award scheme under Saubhagya to felicitate the DISCOMs/ Power Department of the States and their employees for achieving 100 percent household electrification in their areas of operation. The […] Read more
Azure Power Gets LoI to Electrify HAL Updated On Fri, Sep 28th, 2018 by Saurenergy The project will be developed by the company within HAL estate area of approx 30 acres. Indian solar power producer Azure Power has received a letter of intent for a 6 MW solar project won an auction conducted by Odisha Renewable Energy Development Agency (OREDA) for Hindustan Aeronautics Ltd (HAL). The capacity won is 100 […] Read more
Orissa HC Hearing on ‘Solar Safeguard Duty Case’ on Sept’ 19 Updated On Thu, Aug 30th, 2018 by Saurenergy The new hearing date manifestly shows that the safeguard duty is yet to be implemented on the solar imports from China and Malaysia. Nearing the safeguard duty verdict, Orissa High Court has set September 19th, 2018 as the next date for the hearing of ‘Safeguard Duty on Solar Imports Case’. Coming as a historic wrestle […] Read more
Renew Power Commissions 126 MW of First Reverse Wind Auction in India Updated On Tue, Aug 28th, 2018 by Saurenergy ReNew Power’s this project is part of the country’s first wind power reverse auction concluded by Solar Energy Corporation of India Limited (SECI) in February 2017 under the 1000 MW Inter-State Transmission System (ISTS). India’s one of the leading renewable energy IPP, ReNew Power has successfully commissioned Phase 1 (126 MW) of its 250 MW […] Read more
India’s First ISTS connected Wind Power Project Commissioned Updated On Fri, Aug 24th, 2018 by Saurenergy Government’s plan of 175 GW RE by the year 2022 Solar Energy Corporation of India Limited (SECI) conducted India’s first auction of wind power projects in February 2017 in which tariff of Rs. 3.46 was discovered, which was much lower than feed in tariffs in vogue those days. This was a 1000 MW bid for […] Read more
Indian Gov’t Puts Safeguard Duty on Hold Updated On Tue, Aug 14th, 2018 by Saurenergy The safeguard duty which was brought into effect on July 30, 2018 in order to protect interest of domestic solar manufacturers was awaiting clearance from Orissa High Court after solar player ACME Group filed a writ petition against the safeguard duty on imports. In a relief to the domestic solar developers, Finance Ministry has issued […] Read more
