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
Uttarakhand Proposes Revised RPO Compliance Norms With Timelines Updated On Mon, May 6th, 2024 by Saurenergy The Uttarakhand Electricity Regulatory Commission (UERC) has now come up with its draft regulations relating to Renewable Purchase Obligations (RPO). The proposed draft regulation aims to amend the existing UERC (Tariff and Other Terms for Supply of Electricity from Renewable Energy Sources and non-fossil-based Co-generating Stations) Regulations, 2023. The State Electricity Commission proposed the new […] Read more
Global Wind Firm Vestas’ Revenue Plunges 5.2% YoY Amid ‘Geopolitical Volatility’ Updated On Fri, May 3rd, 2024 by Saurenergy Global Wind Energy company Vestas has released its Q1 figures as it generated revenue of EUR 2,681million witnessing a decrease of 5.2 percent compared to the year-earlier period. Vestas also outlined that continued geopolitical volatility is expected to cause uncertainty in 2024 and that profitability should also continue to improve gradually but will still be […] 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
World’s First Wooden Wind Turbine Blades Installed In Germany Updated On Thu, May 2nd, 2024 by Saurenergy German wooden wind turbine blade manufacturer Voodin Blade Technology has announced the world’s first prototype installation of its 19.3-meter wooden wind turbine blades. The blades are installed on an existing wind turbine in Breuna, Germany. The turbine is made of laminated veneer lumber (LVL) a material that is more sustainable than current materials and enables […] Read more
CERC Declines Relief To Adani Firm Over Delayed Karnataka Wind Project Updated On Thu, May 2nd, 2024 by Saurenergy The Central Electricity Regulatory Commission (CERC) in its latest judgment declined to give relief to Adani Renewable Energy Seven Limited (ARSEL). The company had moved to the central commission seeking relief against any possible coercive action from the Solar Energy Corporation of India (SECI). The petitioner–ARSEL is a Special Purpose Vehicle (SPV) of its parent […] Read more
Avaada Energy Gets Rs 1,190 Crore SBI Loan For Gujarat Solar Project Updated On Thu, May 2nd, 2024 by Saurenergy Mumbai-based green energy company Avaada Energy has announced that it secured a Rs 1,190 crore loan for a new solar project in Gujarat from the State Bank of India (SBI). The project is located in Surendra Nagar district of Gujarat. According to a statement by the company, the loan has been sanctioned for a 20-year […] Read more
