Azure Power Posts Q2 2020 Financial Results Updated On Wed, Nov 11th, 2020 by Saurenergy Azure Power Global Limited, India’s only solar power producer listed in the US markets, has announced its consolidated results under the United States GAAP for the fiscal second quarter 2021, period ended September 30, 2020. Fiscal Second Quarter 2021 Period Ended September 30, 2020, Operating Highlights: • Operating Megawatts (“MW”) were 1,834 MWs, as of September 30, […] Read more
Odisha is now Power Surplus Thanks to Increase in Renewable Generation Updated On Wed, Nov 11th, 2020 by Saurenergy The coastal state of Odisha is now a power surplus state as it has been making significant strides towards renewable generation, state officials have said. The coastal state of Odisha has become a power surplus state as it has been making significant strides towards renewable and green energy generation, state officials have confirmed. The average annual power demand of the state comes around 3,200 MW, […] Read more
SECI Offers Extension in EOI Submission for RE Solutions in Himalayas Updated On Mon, Nov 9th, 2020 by Saurenergy SECI has extended the last date for submission of EOI for its call for RE based solutions for meeting energy requirements in remote areas of the Himalayas The Solar Energy Corporation of India (SECI) has issued a notification, extending the last date for submission of Expression of Interest (EOI) for its call for renewable energy […] Read more
Adani Power Posts 126% Growth in EBITDA for Q2 2020 Updated On Fri, Nov 6th, 2020 by Saurenergy Adani Power has reported a consolidated EBITDA of Rs 5,086 crore in Q2, a growth of around 126 percent over the same period last year. Adani Power, a part of the Adani Group, has reported its financial results for the second quarter (Q2) of the financial year 2020-21. The firm has reported a consolidated Earnings […] Read more
MCX, IEX Sign Licensing Agreement to Launch Electricity Derivatives Updated On Fri, Oct 30th, 2020 by Saurenergy The Multi-Commodity Exchange of India (MCX) has entered into a licensing agreement with Indian Energy Exchange (IEX) to launch Electricity derivatives. The Multi-Commodity Exchange of India (MCX) has said it has entered into a licensing agreement with Indian Energy Exchange (IEX) to launch Electricity derivatives. The derivatives will be linked to IEX spot electricity prices […] Read more
India’s Global Himalayan Expedition Wins UN Climate Action Award Updated On Wed, Oct 28th, 2020 by Saurenergy Global Himalayan Expedition, an Indian organisation that leverages tourism and technology to help remote communities access solar energy has won the 2020 UN Global Climate Action Award. Global Himalayan Expedition, an Indian organisation that leverages tourism and technology to help remote communities access solar energy has won a prestigious UN award for its efforts to […] Read more
PM Modi Launches ‘Kisan Suryoday Yojana’ for Farmers in Gujarat Updated On Mon, Oct 26th, 2020 by Saurenergy PM Modi has launched the ‘Kisan Suryoday Yojana’ in Gujarat with the aim of providing 16 hours of power supply to farmers in the state every day. Prime Minister Narendra Modi recently inaugurated 3 key projects in Gujarat through video conferencing. The key project that was launched was the ‘Kisan Suryoday Yojana’, which has been […] Read more
Andhra Pradesh Planning for 7 Storage Plants Worth Nearly 6300 MW Updated On Wed, Oct 21st, 2020 by Saurenergy The Andhra Pradesh Government is planning to set up seven Pumped Hydro Storage Power Projects (PSP) in the state, to balance renewable energy projects. The state government of Andhra Pradesh is planning to set up seven Pumped Hydro Storage Power Projects (PSP) as part of its decision to promote new renewable energy power plants in the […] Read more
MNRE’s Draft Policy Framework for DRE Open For Comments Till Nov 2 Updated On Wed, Oct 21st, 2020 by Saurenergy In an office memorandum issued on October 19, the MNRE (Ministry of New and Renewable Energy) has issued a Draft Policy Framework for DRE (Distributed Solar Energy) to promote DRE livelihood applications in rural areas of the country. The aim is to provide a conducive environment for the development and large-scale adoption of these applications. […] Read more
