Greenko Group Unsure of Buying Orange Renewables Updated On Tue, Aug 21st, 2018 by Saurenergy The USD 1 billion deal between the two giants would have made Greenko Group country’s 2nd largest firm in renewable energy space following ReNew Power that has highest new energy capacity. Utility-scale clean and affordable energy provider, Greenko Group has been reluctant to buy wind and solar energy assets of Singapore based renewable energy developer, Orange […] Read more
Ind-Ra Upgrades Mytrah Energy from ‘IND-BBB’ to ‘IND-A’ Updated On Mon, Aug 6th, 2018 by Saurenergy The rating agency has upgraded Mytrah’s long-term credit rating from ‘BBB’ TO ‘A-‘ and short term rating from ‘A3’ to ‘A2+’. A leading wind energy service provider in India, Mytrah Energy (MEIPL) has received a higher credit rating from the chief market analyst India Ratings and Research (Ind-Ra). The rating agency has upgraded Mytrah’s long-term […] Read more
5,500 Churches in UK Run on Renewable Energy Updated On Mon, Aug 6th, 2018 by Saurenergy The sudden shift to renewable energy by the churches in UK has hit the fossil fuel companies hard. London based religious charity ‘Christian Aid’ has proclaimed that 5,500 churches in UK have started depending completely on renewable energy sources for their operations. “Renewable energy is now a mainstream power source,” Emma Pinchbeck, the executive director […] Read more
India’s Report to UNFCCC Claims 175 GW of Green Energy by 2022 Updated On Fri, Aug 3rd, 2018 by Saurenergy India has claimed of achieving new target of about 40 percent cumulative electric power installed capacity from non-fossil fuel based green energy resources by 2030. In the report of Nationally Determined Contributions (NDCs) submitted to the United Nations Framework Convention on Climate Change (UNFCCC) under Paris Climate Agreement, India has claimed of achieving new target […] Read more
Government Plans New Subsidy Policy to Foster Electric Vehicles Updated On Thu, Aug 2nd, 2018 by Saurenergy The electric vehicles policy would be initiated at a smaller scale initially to let the automobile industry cope with the transition. Promoting the use of electric vehicles (EV), the government is planning to roll out a fresh policy that would regulate minimum subsidy on the segment. The policy would be initiated at a smaller scale […] Read more
Electricity to farmers through renewable energy sources Updated On Thu, Aug 2nd, 2018 by Saurenergy The Ministry of New & Renewable Energy (MNRE) is providing subsidy up to 30% of the benchmark cost of the solar water pumps to the farmers under Off-grid and Decentralized Solar PV Applications Programme. Till date over 1.85 lakh solar water pumps have been reported installed in the country under the Programme. The Ministry of […] Read more
Tata Power’s Q1 Generation Up 5.5% to 13,113 Mus Updated On Wed, Aug 1st, 2018 by Saurenergy In line with its commitment to generate 30 percent to 40 percent power from non-fossil fuel sources by 2025, Tata Power is progressively increasing its renewable energy installations in India. Country’s one of the leading integrated power company, Tata Power’s generation capacity has increased by 5.5 percent to 13,113 MUs in Q1 FY19 as compared […] Read more
Around 69,784 MW of renewable energy capacity has been installed in the country as on 31.03.2018 Updated On Mon, Jul 30th, 2018 by Saurenergy Renewable energy installations in the country are progressively increasing and do not appear to be facing any major challenges Renewable energy sector in India is attracting companies from across the world In the year 2016-17, aggregate capacity of around 11,322 MW of renewable energy was installed in the country, and in year 2017-18, aggregate capacity […] Read more
SEBI Permits ‘ReNew Power’ to Float IPO Updated On Tue, Jul 24th, 2018 by Saurenergy The ReNew Power IPO comprises of new shares worth Rs 2,600 crore. The move also comes with an additional offer for sale of over 94 million equity shares by existing shareholders. In a substantial addition to solar industry, market watchdog SEBI sanctions Goldman Sachs’ ReNew Power to float its Initial Public Offering (IPO). The ReNew […] Read more
