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
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
IREDA Sanctions Up 129% In Q3, Disbursements Rise 41% Updated On Thu, Jan 2nd, 2025 by Saurenergy Indian Renewable Energy Development Agency Ltd. (IREDA) has reported strong growth for the December 31, 2024 quarter. As per provisional figures, IREDA sanctioned loans worth ₹31,087 crore in third quarter, marking a 129% year-on-year (Y-o-Y) growth compared to ₹13,558 crore in the corresponding period last year. Loan disbursements also witnessed significant growth, increasing by 41% […] Read more
JREDA Issues EoI To Build Ground Mounted On-Grid Solar Plant Updated On Mon, Dec 30th, 2024 by Saurenergy The Jharkhand Renewable Energy Development Agency (JREDA) has decided to expand the state’s current ground-mounted solar capacity from the current capacity of 21 MW. It has now put forth a tender in this regard too. The JREDA tender sought to expand the on-grid solar projects in the state by seeking expressions of interest (EOI) from […] Read more
Servotech Secures Rs. 31 Cr Order To Supply 1100 Agriculture Pumps To UPNEDA Updated On Mon, Dec 30th, 2024 by Saurenergy Delhi-based Servotech Renewable Power System Ltd. (Formerly known as Servotech Power Systems Ltd.), a solar solutions and EV Charger manufacturer has secured an order approx. 1100 Grid-connected Agriculture Pumps under “KUSUM Component C-1 Scheme” from Uttar Pradesh New and Renewable Energy Development Authority (UPNEDA), Govt. of Uttar Pradesh. The project valued at around 31 Crores […] Read more
