Avaada Energy, O2 Power Win RUMSL 550 MW Solar Auction Updated On Mon, Jul 12th, 2021 by Saurenergy We have two more names joining the winners’ list in key solar auction results this week. This time, it is the RUMSL 550 MW Agar Solar park auction, where Avaada Energy and O2 Power (through Beempow energy Private Limited) have won the auction for 550 MW solar projects of Rewa Ultra Mega Solar Limited (RUMSL), […] Read more
Tata Power, Azure Win MSEDCL Hybrid Tender With Rs 2.62 Bid Updated On Mon, Jul 12th, 2021 by Saurenergy Tata Power (TP Saurya Limited) and Azure Power have edged out RenEw Power to win the Hybrid MSEDCL tender for wind and solar combined. The winning bidders came in with bids at Rs 2.62, a paisa lower than RenEw Power’s Rs 2.63 bid. The tariff is less than 10 percent higher than the one discovered […] Read more
Power Equipment Major Alfanar Acquires Wind Energy OEM Senvion India Updated On Thu, Jul 8th, 2021 by Saurenergy Saudi power equipment major Alfanar has made a formal entry into India’s energy sector through its 100% acquisition of wind turbine OEM Senvion India from Senvion GmbH. The acquisition was made through Global Renewable Energy Development Holding Company Limited (GREDHCL), a dedicated investment vehicle set-up by promoters of Alfanar. Announced back in December 2020, the […] Read more
Except Two, All Union Territories and Goa Fail to Meet RPO Targets FY21, Shows JERC’s Analysis Updated On Thu, Jul 8th, 2021 by Saurenergy Except Chandigarh and Andaman & Nicobar Islands, all other union territories and Goa have failed to achieve their solar renewable purchase obligation (RPO) targets, shows the Joint Electricity Regulatory Commission (JERC)’s analysis of RPO targets for 2020-21 based on the data received from the regions under its jurisdiction. The full analysis can be accessed here. […] Read more
ACME, Renew Win MSEDCL 500 MW Solar Tender Updated On Thu, Jul 8th, 2021 by Saurenergy ACME Solar continued its strong return to markets in 2021, with another 300 MW win in Maharashtra State Electricity Distribution Company Limited (MSEDCL)’s 500 Mw solar tender. ACME bid at Rs 2.42 /unit. The second winner was another renewable energy firm that has opened up better capital market access recently, ReNew Power, which bid Rs […] Read more
GAIL To Invest Rs 5,000 Crore For 1 GWh of RE Portfolio Updated On Thu, Jul 1st, 2021 by Saurenergy India’s government-owned natural gas corporation, GAIL Limited has announced to foray into Renewable Energy (RE) sector with targeting a 1 GWh RE capacity by investing around Rs. 5,000 Crores for setting up compressed biogas as well as ethanol plants. As the corporation is stepping up to establish its business beyond natural gas, GAIL will be […] Read more
ACME Solar’s Rajasthan Projects Back On Track, After Withdrawal OF Termination Notice Updated On Thu, Jul 1st, 2021 by Saurenergy ACME Solar, which had filed for termination of some of its solar projects in Rajasthan, has withdrawn the termination notice, following an amicable settlement of the issue with SECI (Solar energy Corporation of India). This was informed by the firm at the Central Electricity Regulatory Commission (CERC), where it had filed the plea for termination. […] Read more
MNRE Extends Commissioning Date of RE Projects Due to Covid-19 Updated On Wed, Jun 30th, 2021 by Saurenergy As the nation is struggling to overcome the second wave of the Covid-19, various sectors have been affected along with several projects which couldn’t get commissioned on their stipulated dates. One of them is the Renewable Energy (RE) sector and the RE projects, and now the Ministry of New and Renewable Resources (MNRE) has extended […] Read more
HPL Electric and Power Ltd reports revenue of ₹ 308 Crores in Q4 FY21 Updated On Tue, Jun 29th, 2021 by Saurenergy Indian electric equipment company HPL Electric and Power Ltd. released its financial results for the fourth quarter of the fiscal year 2021 (April’20 to March’21) yesterday, reporting total revenue of ₹ 308 Crores, led by robust growth in the Metering and Consumer segment (B2C). The metering business witnessed an improved performance in Q4 FY21 than […] Read more
