Tata Power Renewable Energy signs SPA to acquire Welspun Renewables Energy Updated On Mon, Jun 13th, 2016 by Saurenergy Tata Power Renewable Energy Limited (“TPREL”), a 100% subsidiary of Tata Power, has signed a Share Purchase Agreement (SPA) with Welspun Energy (“WEPL”) to acquire its subsidiary Welspun Renewables Energy Private Limited (“WREPL”). It is estimated to be Rs 9,500 crore ($1.4 billion) deal. This is one of the largest transactions in renewables space in […] Read more
Indian Navy pledges 1.5% of its works budget towards renewable energy generation Updated On Mon, Jun 6th, 2016 by Saurenergy Indian Navy completed two years of its Green Initiatives Programme on World Environment Day. On the occasion the Navy has set itself an aggressive target of 21 MW Solar PV installations, to be implemented in three phases. The initiative is in line with the National Mission of Mega Watt to Giga Watt towards achieving 100 […] Read more
36 CPSUs has committed to develop 18,988 MW of Renewable Energy projects: Piyush Goyal Updated On Tue, May 10th, 2016 by Saurenergy Minister of State (IC) for Power, Coal & New and Renewable Energy, Piyush Goyal on Tuesday said while framing the Scale-up Plan for 1, 00,000 MW of Grid Connected Solar Power by the year 2022, it was envisioned that the Public Sector Undertakings will contribute around 10,000 MW of Grid Connected Solar Power. Goyal in […] Read more
MNRE implementing schemes to promote use of renewable energy in rural areas: Piyush Goyal Updated On Tue, May 3rd, 2016 by Saurenergy The Ministry of New & Renewable Energy (MNRE) is implementing a Programme on “Off-Grid and Decentralized Solar Applications” to promote use of solar power through solar home lights, solar street lights, power plants, solar pumps and mini micro grids to meet the energy requirements of the rural areas in the country. Minister of State (IC) […] Read more
Tata Power to acquire renewable energy assets of Welspun Group: Report Updated On Mon, May 2nd, 2016 by Saurenergy Tata Power is reportedly gearing up to acquire the renewable energy assets of the diversified Welspun Group, valuing the 1,152 MW portfolios of operational solar and wind farms. The ET citing sources close to the company reports that the deal may be valued at close to $1.45 billion inclusive of debt. Both the companies are in final […] Read more
Fortum launches Nordic countries’ biggest electricity storage pilot project Updated On Fri, Apr 22nd, 2016 by Saurenergy Fortum has announced the launch of Nordic countries’ biggest electricity storage pilot project integrating Saft’s megawatt-scale Li-ion (lithium-ion) battery energy storage technology. The company in a statement said “the objective is to research the suitability of batteries used for storing electricity to maintain a power balance in the electricity system. Additionally, the research will explore […] Read more
Nepal Govt. Drives Young Minds to Foster Alternative Energy Technologies Updated On Thu, Jan 7th, 2016 by Saurenergy The Nepal Govt. Minister of Science and Technologies Shiv Lal Thapa Magar asserted on meeting the energy emergency in the nation, to make the initiative a success he wants young researchers to usher alternative energy technologies. He made this decisive pronouncement at a National-Level Stakeholder’s meeting in the Capital recently. The Govt. agencies and concerned […] Read more
Green Stocks Jan 3: As Market Gives Up Gains, Green Stocks Struggle As Well Updated On Fri, Jan 3rd, 2025 by Saurenergy After yesterday’s strong show, it was time for a dose of reality, as the Nifty gave up some of its gains today. For Green Energy stocks as well, it was a similar story, with KPI Green correcting over 3%, with only Shakti Pumps (up over 4%) and Acme Solar clocking any notable gains. For others, […] Read more
Green Stocks Jan 2: Stocks Trail Market Surge Updated On Thu, Jan 2nd, 2025 by Saurenergy On a day when the broader BSE Sensex spiked almost 1.8%, the green pack turned in a less than similar performance, with most stocks failing to keep up. Other than solar pump leader Shakti Pumps of course, which has enjoyed a stellar run these past two weeks. KPI Green, which turns ex-bonus tomorrow, was the […] Read more
