Tata Power’s Renewable Biz Shines Again; EBITDA Up 35% in Q4 Updated On Fri, May 3rd, 2019 by Saurenergy During the quarter, the Mumbai-headquartered company’s profit after tax (PAT) before exceptional items stood at Rs 259 crore, as against Rs 118 crore. Utility giant Tata Power’s renewable energy business again unveiled a significant growth during the fourth quarter of FY19, as it’s consolidated EBITDA surged 35 per cent to Rs 1,879 crore, mainly driven by […] Read more
Radite Energy Bags 1.14 MW Solar Power Order From Amplus Solar Updated On Fri, May 3rd, 2019 by Saurenergy The Gurgaon based solar solutions provider is responsible for the complete design, supply, construction and commissioning of the plant which is being developed at the food processing unit of SSDPL in Baramati, Pune. Radite Energy, a complete turnkey solution provider for solar energy in India, has secured 1.14 MW project in Pune from Amplus Solar. […] Read more
EBRD Grants €48 Mn Loan For 220 MW Wind Project in Poland Updated On Wed, May 1st, 2019 by Saurenergy The wind farm is expected to make a major contribution to reducing air pollution by replacing 480,000 tonnes of CO2 emissions annually. In its first project in renewable energy in Poland in over three years, the European Bank for Reconstruction and Development (EBRD) has announced that it is supporting the 220 MW Potegowo wind farm […] Read more
Denmark Identifies Areas for 12.4 GW of New Offshore Wind Updated On Tue, Apr 30th, 2019 by Saurenergy A study commissioned by the Danish government has identified good locations for 12.4 GW of additional offshore wind capacity, it was announced on last week. According to a statement by Denmark’s Energy, Utilities and Climate Ministry, the designated zones could accommodate between 12 and 15 wind farms, depending on their size. The study has found […] Read more
EBRD and GCF Provide $16.7 Mn For Kazakh Solar PV Plant Updated On Mon, Apr 29th, 2019 by Saurenergy The European Bank for Reconstruction and Development (EBRD) and the Green Climate Fund (GCF) have together provided $16.7 million as a loan to support the development of a new 30 MW solar PV power plant in Zhangiz-tobe in Kazakhstan. Stepping up its efforts to support renewables in the country, EBRD signed the financing agreement with China’s […] Read more
India Likely to Install 54.7 GW of New Wind Capacity by 2022: Report Updated On Mon, Apr 29th, 2019 by Saurenergy Delays to the implementation of tendered projects and more muted interest in new auctions will present a substantial hurdle to fulfilling these envisioned expansion plans. India is likely to install 54.7 GW of wind capacity by 2022 against the 60-GW target set by the government, a new report has revealed. According to the latest Fitch […] Read more
Iberdrola Posts First Quarter Profit Increase of 15 Percent Updated On Fri, Apr 26th, 2019 by Saurenergy The group is moving forward with 4,100 new MW of capacity scheduled for 2019, which will increase annual production by 13%, and another 8,800 MW between 2020 and 2022. Spanish public multinational electric utility company, Iberdrola recently issued its first quarter financial results. Obtaining a net profit of €963.9 million in the first three months, […] Read more
Interview with Sanjeev Sinha, President – IT & Digital Transformation, India Power Corporation Ltd Updated On Thu, Apr 25th, 2019 by Saurenergy For the Discom, smart grid can give out right information at the right time so that it can react and manage the grid accordingly. It would give a better control on the grid to manage load and even know beforehand on the impending load based on past data. This will allow Discom to draw appropriate […] Read more
India’s Road Towards EV Adoption… Updated On Wed, Apr 24th, 2019 by Saurenergy When it comes to Electric Vehicles (EVs), India would certainly seem to be playing catch up with the rest of the world. Consider the fact that in China, they have already started worrying about a mini-bust in the sector, thanks to the huge number of startups and major players who have jumped in. Thus, even […] Read more
