Min of Railways Floats Tender for 500 LPD Solar Water Heater Updated On Mon, Nov 22nd, 2021 by Saurenergy The Ministry of Railways has invited bids from interested developers for the supply, installation, testing and commissioning of a 500 LPD (litres per day) solar water heater system along with all the necessary civil foundation & plumbing work. The deadline for bid submission is November 29, 2021, 11:00 am. The Railway ministry is responsible for the country’s […] Read more
Renew Power Declares Q2 Results, H1 Revenues Up 26% Over FY21 Updated On Thu, Nov 18th, 2021 by Saurenergy ReNew Energy Global plc (“ReNew Power”), has announced its consolidated results for the Quarter ending September 2021. These are the first full set of results from the firm since its merger with RMG II, a special purpose acquisition vehicle (SPAC) to list on NASDAQ. Till date, the Renew power listing through the SPAC route remains […] Read more
Annual PV Installations to Cross 200 GWdc Mark in 2022: IHS Markit Updated On Thu, Nov 18th, 2021 by Saurenergy Global solar PV installations will see over 20% growth in 2022 and surpass the 200 GWdc barrier for the first time, at a total investment of at least $170 billion, despite continuing rising costs of production, according to a new report by the Clean Energy Technology service at U.K.-based market observer IHS Markit. Until recently, declining […] Read more
Array Technologies Buys STI Norland in $652 million Tracker Deal Updated On Mon, Nov 15th, 2021 by Saurenergy American solar tracker firm Array Technologies is in advanced talks to acquire Spanish tracker manufacturer Soluciones Técnicas Integrales Norland (STI Norland) in a deal valued at around €570 million (US$652 million) in cash (€351 million/US$401 million) and stock. The deal closure is expected by Q1 of 2022. In 2020, STI generated revenues and EBIDTA of […] Read more
Suzlon Group Q2 FY22 Results: Rs 12.40 Cr Net Loss Updated On Mon, Nov 15th, 2021 by Saurenergy Pune-headquartered renewable energy solutions provider Suzlon Group has announced its second quarter results for the financial year 2021-22 (Q2 FY22). Suzlon reports a net loss of Rs. 12.40 crores. Other key highlights of Suzlon Group Financial Results Q2 FY22 are as follows: Revenue : Rs. 1,346.51 crores EBITDA: Rs. 232.71 crores EBITDA margin: 17.28 % EBIT: Rs.171.45 […] Read more
Has Punjab Scored A Self Goal With Its Talk Of Renegotiating Solar tariffs? Updated On Mon, Nov 8th, 2021 by Saurenergy News Reports of the government of Punjab contemplating renegotiation of solar power rates for pre 2016 projects paint a strange picture. While the reports quote the view of Punjab government sources that the difference in rates between then and now is too high to be allowed, they don’t mention the fate of the other state […] Read more
MNRE Acknowledges Supply Disruptions In PV Imports With Order On Dispute Resolution Updated On Fri, Nov 5th, 2021 by Saurenergy It is no secret that import schedules of PV modules and even cells have been hit in recent months due to the series of disruptions in the exporting markets, especially China, and linked to that, even some of the main South East Asian exporters. With developers finally running into the delays that have been predicted, […] Read more
Expect Tariff Hike by 20-25 Paise/Unit in Upcoming Solar Bids: ICRA Updated On Thu, Oct 28th, 2021 by Saurenergy The increase in module prices and the recent hike in GST rate for solar power equipment from 5% to 12% is likely to increase the tariffs in the forthcoming solar bids by ~20-25 paise per unit from the levels seen over the past six months, finds a new ICRA report. Nonetheless tariffs are likely to […] Read more
India Added >10 GW Solar & Wind Capacity from Jan-Sept’21: Report Updated On Wed, Oct 27th, 2021 by Saurenergy From January 2021 till September 2021, approximately 8,811 MW solar capacity and 1,246 MW of wind capacity was added in India, according to a new report by JMK Research. This is about 280% and 101%, respectively, higher compared to the same period previous year. The key reason for the significant increase is the commissioning of […] Read more
