Infigen Nudges Shareholders to Accept $864 mn Takeover bid From Iberdrola Updated On Tue, Jun 30th, 2020 by Saurenergy The board of Australian wind farm operator Infigen is recommending that shareholders accept an AUD 864 million takeover bid from Spanish utility Iberdrola. The board of Australian wind farm operator Infigen is recommending that shareholders accept an AUD 864 million takeover bid from Spanish utility Iberdrola. The recommendation came after Iberdrola waived conditions for its […] Read more
Adani Power Board Gives Nod for Delisting from Indian Bourses Updated On Mon, Jun 22nd, 2020 by Saurenergy The board of Adani Power Ltd (APL), a part of the diversified Adani Group, has provided its consent on the proposal for delisting of the company’s equity shares from the stock exchanges i.e. both from BSE and NSE. The promoter group collectively holds 289.16 crore equity shares of APL representing 74.97 per cent of the […] Read more
Energy Major bp on its Transformation; Plans to Set Up Global Biz Service Centre in Pune, Employ 2,000 Updated On Thu, Jun 18th, 2020 by Saurenergy Energy supermajor bp on Thursday has revealed its plan to set up a major new centre for its global business services (GBS) operations in Pune, and for the same, it will hire around 2,000 people in next few months. Further, this bp-owned and operated centre is expected to begin operations by January 2021. The company […] Read more
RITES to Tender for 400 MW Solar Projects on Vacant Railways Land Updated On Tue, Jun 16th, 2020 by Saurenergy RITES Ltd is soon going to tender for deployment of solar projects worth 400 MW on the vacant lands owned by the Indian Railways. RITES Ltd, an engineering consultancy company that works under the aegis of the India Railways is soon going to tender for deployment of solar projects worth 400 MW on the vacant […] Read more
EESL Plans to set-up 2000 EV Charging Stations in 2020-21 Updated On Mon, Jun 8th, 2020 by Saurenergy EESL will step up its efforts for the installation of EV charging stations in the country during 2020-21, with 2,000 charging facilities planned for the fiscal. Energy Efficiency Services Limited (EESL), a home-grown Super Energy Service Company (ESCO) under the administration of the Ministry of Power, Government of India, has announced its plans to step […] Read more
US’ DFC Okays $350 Mn for Development in India Including over $200 Mn for Solar Updated On Fri, Jun 5th, 2020 by Saurenergy The US-Based Development Finance Corporation (DFC) has sanctioned about $350 million of investment for development in India under various projects including more than $200 million for the solar energy projects. DFC is an independent agency of the US Government that provides financing for private development projects. This investment is part of the $1 billion of […] Read more
Railways provides a 3 GW Boost for Solar targets Updated On Fri, Jun 5th, 2020 by Saurenergy The Engineering and Consultancy firm RITES Ltd, which executes key projects specifically for the Indian Railways, announced yesterday that its subsidiary Railway Energy Management Company Ltd (REMCL) has secured its largest mandate from Indian Railways for tendering, installation, supervision and managing power supply for three GW solar energy installations. These plant will be set up […] Read more
Vivint Solar Closes USD 545 Million of new Financings Updated On Wed, Jun 3rd, 2020 by Saurenergy Vivint Solar has announced the closing of two separate debt transactions, totaling USD 545 million in incremental lender commitments. Vivint Solar, a leading full-service residential solar provider in the United States, has announced the closing of two separate debt transactions, totaling USD 545 million in incremental lender commitments. The first is a USD 245 million upsize to the company’s already existing multi-lender […] Read more
PM Emphasizes on Financial Sustainability of Power Sector, Make in India Updated On Thu, May 28th, 2020 by Saurenergy Prime Minister Narendra Modi emphasized the need for improving the financial sustainability of the power sector in order to solve the issues prevailing in the sector especially the power distribution sector. He said during a detailed review meeting held on Thursday evening on the power sector with the Ministry of Power (MoP) and the Ministry […] Read more
