CleanMax Gets ₹1,650 Cr Equity Investment from Augment Infrastructure Updated On Thu, Aug 12th, 2021 by Saurenergy Mumbai-based clean energy company CleanMax Enviro Energy Solutions Pvt. Ltd. has revealed that US investment firm Augment Infrastructure will acquire a majority stake in it for Rs 1,650 crore. Augment is purchasing the existing stake of Yellow Bell Investment Ltd (an affiliate of Warburg Pincus, a leading global private equity firm focused on growth investing) […] Read more
Mandating Green Hydrogen Use In Fertilisers and Other Sectors Key, Says Minister Updated On Wed, Aug 11th, 2021 by Saurenergy According to the junior oil minister, Rameswar Teli, under its quest to reduce carbon emissions, India plans to mandate refineries and fertilizer plants to use some green hydrogen. In a written reply to lawmakers on Monday, Teli said that India’s draft hydrogen policy will mandate a gradual increase in the use of green hydrogen instead […] Read more
Tata Power, AlJomaih Winners in RUMSL’s 500 MW Neemuch Solar Park Auction Updated On Wed, Aug 11th, 2021 by Saurenergy RUMSL’s third 500 MW auction continued to attract ever lower bids, as TP Saurya (Tata Power), and Saudi firm AlJomaih Energy and Water Company, pocketed the Neemuch park bids. While Tata Power won two parcels of 170 MW and 160 MW at Rs 2.14 and 2.149 respectively, Aljomaih won the remaining 170 MW with a […] Read more
ReNew Power Makes First Hydro Acquisition, Adds 359 MW Acquisitions Updated On Wed, Aug 11th, 2021 by Saurenergy ReNew Power continues its strong 2021 performance with the announcement of two acquisitions of 359 MW of renewable projects. Notably, the firm has made its first Hydropower acquisition, a 99 MW project in Uttarakhand. The second project is a clutch of 260MW/330MWp solar projects in the state of Telangana According to the firm, the combined […] Read more
Smart Meters Have Substantial Sustainability Benefits, Say IEEE Experts Updated On Wed, Aug 11th, 2021 by Saurenergy The electrical grid is a marvel of modern engineering that underpins nearly every aspect of society –– a complex interconnection that spans the tiniest LED lightbulb and the largest power plants. But as electricity use grows, which it does exponentially, the grid strains. The use of renewable energy sources and new regulations can add to the […] Read more
Bangladesh’s Largest Solar Plant Of 100 MW Up For Approval Updated On Tue, Aug 10th, 2021 by Saurenergy Bangladesh, known more for its off grid solar programme that has provided electricity access to over 20 million citizens, and spawned some brilliant startups (notably SOLshare) in the process, is finally close to a large, utility scale project. Plans have been finalised to set up the country’s largest single power plant in Jamalpur, for a […] Read more
Joe Biden Sets About Correcting Trump Largesse For ICE Auto Firms Updated On Tue, Aug 10th, 2021 by Saurenergy US President Joe Biden’s recent order aimed at making half of all new vehicles sold in the US in 2030 electric is expected to make a dent in the country’s consumption and emission levels, even though it’s a non-binding deal with the country’s biggest automakers. The administration has also proposed new vehicle emissions standards that […] Read more
CERC Rules With NTPC in Dispute Involving Solar Firm at Bhadla Updated On Mon, Aug 9th, 2021 by Saurenergy In a petition filed by Solaire Surya Urja Private Limited, the Central Electricity Regulatory Commission (CERC) has ruled in favour of NTPC. At issue was a plea to condone delays in the commissioning of these (70×2) 140 MW solar projects or which NTPC had enforced liquidated damages of over Rs 7 crores. Filed under Section […] Read more
Tata Power Q1 Results Strong, Key Highlights Updated On Mon, Aug 9th, 2021 by Saurenergy Tata Power announced its Q1 results on Friday. Consolidated net profit jumped nearly 74 per cent to ₹ 465.69 crore in the June 2021 quarter, as compared to ₹ 268.10 crore in the corresponding quarter of the last financial year. Total income during April-June 2021 increased to ₹10,145.89 crore, compared with ₹ 6,540.42 crore in […] Read more
