No Viability Gap Funding Released For BESS In FY25: Govt Updated On Fri, Apr 4th, 2025 by Saurenergy The Ministry of New and Renewable Energy (MNRE) said that it has not issued any viability gap funding (VGF) for battery energy storage system in FY25. The Union Cabinet approved the Viability Gap Funding (VGF) scheme for Battery Energy Storage Systems (BESS) on September 6, 2023, to support sector development. Under the scheme guidelines, 10% of […] Read more
BrightNight India Appoints Kapil Kasotia As Chief Operating Officer Updated On Fri, Apr 4th, 2025 by Saurenergy BrightNight, a global renewable energy producer with a strong Indian presence, has appointed Kapil Kasotia as Chief Operating Officer (COO) for its India operations, as it looks to accelerate execution of its multi-gigawatt dispatchable renewable energy projects across key states. Kasotia brings over 20 years of experience in the renewable energy and infrastructure sectors. He […] Read more
FY 25: IEX Registers 121 Billion Units of Power Traded Updated On Fri, Apr 4th, 2025 by Saurenergy In its March update, Indian Energy Exchange, has achieved its highest ever electricity traded volume of 121 BUs in FY’25, registering an increase of 19% Year-Over-Year (YoY). IEX also recorded the highest-ever yearly trade of RECs in FY’25. A total of 178 lakh Renewable Energy Certificates were traded during the year, marking a 136 % […] Read more
Trump tariffs and Impact on Indian Solar-Cloudy With Silver Linings Updated On Fri, Apr 4th, 2025 by Saurenergy As governments across the world and industry coordinate to better understand the impact of the Tariff blow from the US, it is interesting to see how the solar sector in India will be affected. Keep in mind that India has slowly been emerging as a key solar manufacturer after years of efforts to push domestic […] Read more
Pace Digitek Files ₹900 Cr IPO For Setting Up BESS Project Updated On Thu, Apr 3rd, 2025 by Saurenergy Renewable energy and telecom service provider Pace Digitek Ltd has filed for an initial public offering (IPO) worth ₹900 crore and is considering a pre-IPO placement of up to ₹1,800 million, according to its draft red herring prospectus. The IPO plans follow a string of wins for the firm in recent BESS tenders due from […] Read more
Green Stocks April 3- Stocks Shrug Off Tariff Noise To Enjoy A Breather Updated On Thu, Apr 3rd, 2025 by Saurenergy On a day when the markets struggled to decide just how bad US tariffs on India could be, immediately or in the long term, the immediate consensus seems to be business as usual. Thus, most of our green energy stocks with an overwhelmingly domestic focus did relatively well today, save for Waaree Energies, which is […] Read more
Indian Railways Speeds Up Solar Installs, Lags Broader Targets Updated On Thu, Apr 3rd, 2025 by Saurenergy Indian Railways has so far installed about 209 MW of solar plants on 2,249 Railway stations and service buildings across the country . The Indian Railways Solar Power expansion reached 2,249 installations units with 1489 added in the last five years, 2.3 times more than 628 in the previous five years. Rajasthan Leads in Solar […] Read more
Credence Gets BIS Certification For 730Wp TOPCon Modules Updated On Thu, Apr 3rd, 2025 by Saurenergy Indian solar module manufacturer Credence Solar has received Bureau of Indian Standards (BIS) certification for its latest 730Wp TOPCon-based solar modules, the company announced in a media statement. With this milestone, Credence Solar joins a select group of Indian manufacturers certified for producing some of the country’s most efficient solar panels. The company told Saur […] Read more
Avaada Slips Up As CERC Upholds Cancellation Of Connectivity in MP Wind Projects Updated On Thu, Apr 3rd, 2025 by Saurenergy The Central Electricity Regulatory Commission (CERC), in an order dated March 30 involving Avaada Energy and Central Transmission utility (CTUIL), passed an order that censures both the parties involved. For Avaada, the blow is heavier because the CERC eventually upheld the decision of the CTUIL to cancel the connectivity license accorded to Avaada for its […] Read more
