New Rooftop Subsidy Only For Applications Post Feb 13-MNRE Updated On Wed, Feb 21st, 2024 by Saurenergy The Ministry of New and Renewable Energy (MNRE), in a fresh update on Geb 20, has declared that only applications received after Feb 13, 2024 will be considered for Central Financial Assistance (CFA) under the PM Surya Ghar Muft Bijli Yojana. The move comes even as demand is expected to skyrocket for solar rooftops under […] Read more
IREDA To Establish Subsidiary For Retail Finance Updated On Wed, Feb 21st, 2024 by Saurenergy In a clear sign of its determination to go it alone if required for achieving solar rooftop targets, the Chairman and Managing Director (CMD) of Indian Renewable Energy Development Agency Ltd. (IREDA), Pradip Kumar Das has confirmed IREDA’s plans for establishing a subsidiary to cater to retail projects encompassing Rooftop Solar, PM-KUSUM, Electric Vehicles, and other […] Read more
Vareyn Solar Announces Foray Into Residential Solar Sector Updated On Mon, Feb 19th, 2024 by Saurenergy Turn-key solar EPC company Vareyn Solar Pvt. Ltd. has announced its foray into the residential sector in the solar power industry. This comes after the announcement of PM Suryodaya Yojana which was launched by the Centre on January 22, 2024. This scheme aims to install rooftop solar panels on the houses of middle and poor-class […] Read more
Solar Rooftop Firm SolarSquare Records Rs 175 crore Topline In Fy24 Updated On Fri, Feb 21st, 2025 by Saurenergy Rooftop solar solutions provider SolarSquare recorded a 63.5% year-on-year growth in its operating scale, reaching Rs 175 crore in revenue in the last fiscal year. However, this growth came at a high cost, as the company’s losses surged 2.3X in FY24. SolarSquare’s revenue from operations grew to Rs 175 crore in FY24 from Rs 107 […] Read more
Maharashtra Discom Stumps Consumers Again With Anti-Solar Move In Tariff Proposal Updated On Tue, Feb 18th, 2025 by Saurenergy One of the reasons Maharashtra has been a relative underperformer in Solar has been the approach taken by key discoms in the state, notable the MSEDCL or Maharashtra State Electricity Distribution Company Limited towards the clean source of energy. From earlier efforts to limit net metering, to favouring gross metering, the MSEDCL has usually made […] Read more
Vadodara Municipal Corporation Issues 4 MW Rooftop Solar Tender Updated On Tue, Feb 11th, 2025 by Saurenergy Vadodara Municipal Corporation has invited a tender to commission and undertake the comprehensive Operations and Maintenance (O&M) of a 4 MW rooftop solar power plant for 10 years. The rooftop solar plant will be installed on various municipal buildings. The municipal corporation has sought bids for the project until February 27, 2025. The tender mentioned, […] Read more
Budget 2025- Green Stocks Fail To Fire Despite Manufacturing Push Updated On Sat, Feb 1st, 2025 by Saurenergy The 2025 budget presented by Finance Minister Nirmala Sitharaman had one announcement at the end that overshadowed almost everything mentioned before. Yes, we are referring to the hike in Income Tax exemption limit for salaried individuals to Rs 12 lacs, a move that is seen as the biggest effort yet to spur domestic consumption by […] Read more
Non-Utility Share Of Over 25% Stood Out In 2024 In India: SBI Caps Updated On Thu, Jan 16th, 2025 by Saurenergy Investment bank SBI Capital Markets (SBI CAPS), in a report on non-utility solar in India, has hailed 2024 as the year when non-utility solar finally crossed the 25% threshold in India. Declining module and EPC costs, coupled with cheaper cells expanding off-grid potential, facilitate solar adoption. Non-utility solar is poised for significant growth, with annual […] 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
