Rays Power Infra Acquires 520 MW Solar Projects In Assam, Gujarat Updated On Tue, Mar 5th, 2024 by Saurenergy Renewable Energy sector company, Rays Power Infra announced it has acquired three significant solar projects with a combined capacity of 520MWp. The company’s latest ventures into the renewable markets of Gujarat and Assam mark its operational expansion to 14 states throughout India. “These projects are a testament to the company’s expanding influence and commitment to […] Read more
Solar Projects To Come Up Along Mumbai-Nagpur Samruddhi Mahamarg: Report Updated On Tue, Mar 5th, 2024 by Saurenergy The Maharashtra State Road Development Corporation (MSRDC) will be establishing a solar power generation project along the Samruddhi Mahamarg that connects Mumbai and Nagpur. According to media reports, several offices of MSRDC will be embedded with solar panels in Mumbai, Pune, Nashik, and Aurangabad. Further, the reports stated that the special-purpose vehicle of MSRDC, Mahasamruddhi […] Read more
Energy Tech Platform Urja Sathi Raises Seed Funding Of Rs 35 lacs Updated On Tue, Mar 5th, 2024 by Saurenergy Lucknow-based Urja Sathi, a sustainable energy-tech platform for buying and selling renewable energy solutions in India, has raised seed funding of INR 3.5 Million from entrepreneurs-cum-investors Ankitt Jain and Sharlee Jain. This marks Urja Sathi’s maiden fundraising round; prior to this, the startup had remained bootstrapped since its inception in 2023. Urja Sathi claims to have launched India’s […] Read more
NGEL In JV Agreement For RE Power Parks Development In Uttar Pradesh Updated On Tue, Mar 5th, 2024 by Saurenergy NGEL (NTPC Green Energy Ltd) has signed a joint venture (JV) agreement with Uttar Pradesh Rajya Vidyut Utpadan Nigam Limited (UPRVUNL) for development of renewable power parks in the state. The JV was signed on 4th March 2024 at UPRVUNL’s office at Lucknow for development of Renewable Power Parks and Projects in Uttar Pradesh. The […] Read more
IEX February Update- DAM Price Falls 26% YoY To Rs 4.93/unit Updated On Tue, Mar 5th, 2024 by Saurenergy The Indian Energy Exchange, India’s premier electricity exchange, achieved 9,462 MU overall volume in February’24, marking a 15.4% year-over-year increase. The Market Clearing Price in Day Ahead Market during February ‘24 was Rs. 4.93/unit, down approximately 26% year-on-year, due to increased sell liquidity. The sell bids on the exchange (Day Ahead Market plus Real Time […] Read more
TSSIA Hosts Business Meet, Highlights PM Suryoday Yojana, Other Schemes Updated On Mon, Mar 4th, 2024 by Saurenergy The Solar System Integrators Association (TSSIA) hosted a business meeting on 2nd March in Noida regarding initiatives undertaken by the government such as PM Suryoday Yojana. The event was sponsored by Urja Sathi (Solar E-Commerce Portal), Delhi Solar, SHS Energies, and EVVO. The event aimed to foster dialogue, collaboration, and innovation within the solar energy […] Read more
Centre Amends Electricity, Late Payment Surcharge Rules 2022 Updated On Mon, Mar 4th, 2024 by Saurenergy The Central government has amended the Electricity (Late Payment Surcharge and Related Matters) Rules of 2022 to ensure an adequate supply of electricity and to meet the growing demand in the country. The government amended the rule to ensure the optimum utilisation of available power-generating capacity. These amendments are expected to enhance the reliability of […] Read more
Finolex, Hinduja Sign PPA For 8.36 MW Power For 25 Years Updated On Mon, Mar 4th, 2024 by Saurenergy Finolex Industries Limited (FIL) a PVC pipes manufacturing company in India entered into a share purchase agreement for 8.36 MW renewable energy with Mumbai-based Hinduja Renewables (HREPL) and Hinduja Renewables Energy Private Limited (HROPL). This agreement was undertaken between power project developers engaged in the development, construction, operation, and maintenance of renewable energy-based power plants […] Read more
PM Modi Inaugurates Several Solar Projects In Rajasthan, UP, Other States Updated On Mon, Mar 4th, 2024 by Saurenergy PM Narendra Modi today inaugurated a slew of solar and renewable energy projects across the country during his visit to Adilabad in Telangana. Prime Minister Modi inaugurated the National Hydroelectric Power Corporation’s (NHPC’s) 380 MW Solar Project at Jaisalmer, Rajasthan. Around 792 million units of green power will be generated each year from the project. […] Read more
