Sri Lanka Inks 20-Year Wind Power Deal With Adani Green Energy Updated On Tue, May 7th, 2024 by Saurenergy Sri Lanka has signed a deal with Adani Green Energy Limited (AGEL) for a power purchase agreement for 20 years, the country’s cabinet statement read. The company will be paid 8.26 cents per kilowatt-hours (kWh) as per the agreement for the wind energy projects it has developed, the cabinet statement said. The Sri Lankan Cabinet […] Read more
After Solar & Wind, Adani Green Bets Big On PSP Business Updated On Tue, May 7th, 2024 by Saurenergy Adani Green Energy Limited (AGEL) has now planned to go bullish on Pumped Storage Projects (PSPs) in India. The company, while declaring its latest Q4 results talked about adding 5 Gigawatt (GW) of Pumped Storage Projects (PSPs) by 2030. With a fresh thrust on PSPs, the renewable company upgraded its renewable capacity target from 45 […] Read more
In Weak Market, Solar EPC Stocks Stand Out Updated On Mon, May 6th, 2024 by Saurenergy On a day when the markets remained broadly weak, solar EPCs in our green pack continued to stand pout, with all four of them licked at their upper circuit filters of 5% each. While some like SWREL are riding high hopes, others such as KPI Green and Shakti Pumps are benefitting from outstanding results and […] Read more
Rajasthan Issues Tender To Procure 8000 MW Solar Power Updated On Fri, May 3rd, 2024 by Saurenergy Rajasthan Urja Vikas and IT Services Limited (RUVITL) has issued a tender inviting bids to procure 8000 MW of solar power. RUVITL is procuring the power for tying up large-scale capacity in one step with optimal mix and it is expected to get better rates also due to the benefit of larger scale. RUVITL shall […] Read more
Fortum Sells Stake In Indian Solar Portfolio To Gentari Renewables Updated On Fri, May 3rd, 2024 by Saurenergy Finland-based Fortum sold its ownership in the 185-MW Indian solar portfolio and is considering alternatives for its remaining operations in India. Fortum signed an agreement to sell the remaining 43.75% share of its Indian solar power portfolio to Malaysia-based Gentari Renewables India Pte. Ltd., a subsidiary of clean energy solutions provider Gentari Sdn. Bhd. Gentari […] Read more
Adani Green Secures USD 400 Mn For 750 MW Power Projects Updated On Fri, May 3rd, 2024 by Saurenergy Adani Green Energy Ltd (AGEL) has announced USD 400 million in financing for its under-construction projects. Through this financing, the company extends support to its under-construction 750 MW solar projects in Rajasthan and Gujarat by a consortium of five leading international banks. The consortium of lenders is financing Adani’s projects that are expected to come online from […] Read more
FY24: India’s Annual Solar Power Generation Increased By 14%: CEA Updated On Fri, May 3rd, 2024 by Saurenergy The Central Electricity Authority (CEA) has now released its annual renewable energy generation report for 2023-24. The report revealed that despite the historic rise of renewable energy in India during FY24, thermal energy sources continued to take the lead in India’s total energy generation. However, the good news is that India’s annual solar power generation increased by […] Read more
Gujarat Construction Firm Acquires 65-Acre Land For Hybrid Power Project Updated On Fri, May 3rd, 2024 by Saurenergy Residential construction company Gujarat Toolroom Limited has announced the acquisition of 65 acres of land on a long-term lease in Gujarat for the establishment of a Hybrid Power Plant. In a regulatory filing, Gujarat Toolroom stated that it has procured a parcel of land spanning 65 acres in Gujarat, earmarked for the construction of a […] Read more
AGEL Arm Wins Compensation Claim From CERC For Rajasthan Wind Solar Hybrid Project Updated On Fri, May 3rd, 2024 by Saurenergy In a petition brought forward as the developer of a 450 MW ISTS connected Wind-Solar Hybrid power project, entered between Adani Solar Energy Jaisalmer One Private Limited (formerly known as SBE Renewables Ten Projects Private Limited) and Solar Energy Corporation of India Limited seeking Change in Law compensation along with Carrying Cost, the CERC had […] Read more
