Prioritising Rajasthan’s Energy Sufficiency Sustainably Requires Incentivising State Genco Updated On Mon, Dec 19th, 2022 by Saurenergy Solar energy is the most readily available source of non-polluting renewable energy resource. The uniqueness of the solar technologies is that it offers a wide range of applications in solar PV as well as solar thermal technology in which case, the generated heat could be used for domestic as well as industrial applications and power […] Read more
Mahindra CIE Automotive Takes 27% Stake in Captive Power Developer Strongsun Solar Updated On Tue, Dec 13th, 2022 by Saurenergy Automotive component maker and supplier Mahindra CIE Automotive has said that it has invested Rs 2.42 crore in Strongsun Solar. Mahindra has made the investment through a subscription of 3,03,250 equity shares of Rs 10 each of Strongsun Solar which will constitute 27.35% of the post-issue paid-up capital of the renewable energy company. Strongsun Solar […] Read more
MSEDCL Discovers Price of Rs 9.0/kWh in 250 MW Solar with Storage Tender Updated On Tue, Dec 13th, 2022 by Saurenergy The 250 MW solar project power purchase auction for the Maharashtra State Electricity Distribution Company (MSEDCL) has concluded Ayana Renewables Power Private Limited (ARPPL) and NTPC Renewable Energy as the winners. MSEDCL’s decided opening tariff was 9.65/kWh, while the awarded capacity tariff was 9.0/kWh. Ayana Renewables Power Private Ltd (ARPPL) and NTPC Renewable Energy, both […] Read more
MSEDCL Discovers Price of Rs 2.90/kWh In 500 MW Solar Tender Updated On Mon, Dec 5th, 2022 by Saurenergy The Maharashtra State Electricity Distribution Company (MSEDCL) has discovered a best price of Rs 2.90/kWh for 100 MW out of the 500 MW it auctioned to secure 500 MW of long-term power from grid-connected intrastate solar projects. SolarArise was the lowest bidder, while state owned SJVN Green Energy, and Tata Power subsidiary Tata Power Renewable […] Read more
Singapore’s Sembcorp Signs Pact To Acquire Vector Green Energy For Rs 2780 Crore Updated On Mon, Nov 14th, 2022 by Saurenergy Singapore-based Sembcorp Industries has announced that its wholly-owned subsidiary, Sembcorp Green Infra Limited, has signed an agreement with India Infrastructure Fund II to acquire 100 per cent interest in Vector Green Energy Private Limited for a base equity consideration of approximately Rs 2780 crore (approximately S$474 million). India Infrastructure Fund II is a fund managed […] Read more
Panvel Municipal Corporation Floats Tender for Rooftop Solar at 5 Panvel Sites Updated On Mon, Nov 7th, 2022 by Saurenergy At a time when rooftop solar is gaining traction in Maharashtra, the Panvel Municipal Corporation (PMC) has come up with a tender seeking a contractor to install a rooftop solar power project at PMC’s five key properties in the city. The corporation has selected Adyakrantiveer Vasudev Basudev Phadke Natyagruha, Fire Office Building, Dr Ambedkar Bhavan, […] Read more
Tata Power Signals Strong EPC Recovery In Renewables At Q2 Analyst Meet Updated On Wed, Nov 2nd, 2022 by Saurenergy For Tata Power Limited, the FY 23 Q2 results have been a time to cheer, with record revenues and profits for the quarter. Total revenues at Rs 14, 163 crores were almost 50% higher than revenues in the corresponding quarter last year. Net profits came in even higher, up 85% at Rs 884 crores, versus […] Read more
Omkareshwar 300 MW Floating Solar Tender Oversubscribed by 700 MW Updated On Mon, Oct 31st, 2022 by Saurenergy Rewa Ultra Mega’s Solar Ltd (RUMSL)- a joint venture between SECI and MUVN, that is to develop 300 MW floating solar project at the Omkareshwar Reservoir at Madhya Pradesh has been oversubscribed. The oversubscription is by 700 MW. The cumulative capacity of the project is 600 MW. That makes it the frontrunner to be the […] Read more
GUVNL Invites RFS for 500 MW Solar Projects with Greenshoe Option Updated On Fri, Oct 28th, 2022 by Saurenergy Gujarat Urja Vikas Nigam (GUVNL) has floated a request for selection to purchase power through a competitive bidding process from 500 MW grid-connected solar PV power projects to be set up anywhere in India. There is a greenshoe option with an additional capacity of 500 MW (RFS for 500 MW). The last date for submitting […] Read more
