Azure’s $250 Million Rights Offer Open, To Close On Jan 24 Updated On Mon, Jan 10th, 2022 by Saurenergy NYSE listed Azure Power Global Ltd (NYSE:AZRE) rights issue has opened on January 7, with a target to rise upto $ 249.9 million. Pursuant to the rights offering, each shareholder will get one non-transferable subscription right for every equity share held on the record date of January 6, 2022. Each right will entitle the holder […] Read more
ANIL To Lead Adani Group’s Renewable Energy Shift Updated On Mon, Jan 10th, 2022 by Saurenergy The Adani Group, which already has Adani Solar for solar manufacturing, and Adani Green Energy Limited for developing renewable energy projects, has set up a new subsidiary, Adani New industries Limited, (ANIL) to undertake the next big phase of its green energy ambitions. From green hydrogen projects, generation of low carbon electricity and manufacture of […] Read more
South Korea’s 2.3 GW Solar Tender Attracts Average Bid At Rs 8.85/kWh Updated On Fri, Jan 7th, 2022 by Saurenergy The South Korean Energy Agency (KEA) has announced the results of its second major solar tender of 2.2 GW from 2021. With a target of over 30 GW of PV by 2030, South Korea is well on track to meet its targets, with total installed capacity of 15.6 GW by the end of 2020. The […] Read more
Discount Strategy Short Circuited For OPG Power In Tamil Nadu, As APTEL Vacates TNERC Order Updated On Thu, Jan 6th, 2022 by Saurenergy In an interesting order on January 4 from APTEL that lays bare the risk of offering tactical discounts without a clear strategy apparently, Chennai-based OPG Power generation has suffered a setback. The firm, which had signed a PPA on 12.12.2013 for supply of 74 MW RTC power for the period 01.06.2014 to 30.09.2028 to TANGEDCO, […] Read more
Bids Invited from Developers for 500MW Solar Projects in Gujarat Updated On Tue, Jan 4th, 2022 by Saurenergy Gujarat Urja Vikas Nigam Limited (GUVNL) has released a Request for Selection (RfS) document for the purchase of solar power through a competitive bidding process (followed by reverse e-auction) from 500 MW grid-connected solar photovoltaic power projects to be set up in Gujarat (Phase XIII). The online bid submission deadline is February 3, 2022, till […] Read more
Bosch India gets a 30 MW Solar Project Through AMP Energy Updated On Tue, Jan 4th, 2022 by Saurenergy German MNC Bosch Limited, a leading supplier of technology and services in the areas of Mobility Solutions, Industrial Technology, Consumer Goods, and Energy and Building Technology in India has partnered with leading renewable IPP Amp Energy India for its solar energy requirements. The solar project capacity is 30 MW and would be provided from Amp Energy […] Read more
Azure Power Commissions 600 MW Project In Rajasthan Updated On Tue, Jan 4th, 2022 by Saurenergy NYSE listed Azure Power yesterday announced the successful commissioning of its largest project- 600 MWs Interstate Transmission System (ISTS) connected solar project, allocated by Solar Energy Corporation of India (SECI). The project is in Bikaner, Rajasthan and the power generated from the project will be supplied to SECI at a tariff of INR 2.53 (~US 3.5 cents) […] Read more
Accounting Manager Updated On Mon, Jan 3rd, 2022 by Saurenergy Responsible for performance of the general accounting functions/tasks for assigned area of responsibility, ensuring accurate and timely delivery of financial statements and reporting. Support in ensuring effective and accurate indirect budgetary controls, management accounting and functional department reporting. Responsible for timely completion of statutory audits and compliance with all accounting and tax regulations as appropriate for […] Read more
Maha Discom Seeks Bids for 500MW Solar Plants Under KUSUM Scheme Updated On Thu, Dec 30th, 2021 by Saurenergy The Maharashtra State Electricity Distribution Co. Ltd. (MSEDCL) has released a Request for Selection (RfS), inviting bids for the procurement of cumulative 500MW (AC) solar power from decentralised solar projects under Component-C of PM KUSUM scheme to be developed in the state through RESCO mode. The pre-bid conference will be held online on January 6, […] Read more
