ReNew To Go Private? Key Investors Make Offer Updated On Thu, Dec 12th, 2024 by Saurenergy ReNew Energy Global, which got listed at the NASDAQ exchange in the US through the SPAC route back in 2021, could well go private next year, if its biggest investors, including founder Sumant Sinha have their way. A consortium with voting rights of 64% have offered to take the company private at $7.07 per share, […] Read more
Jevargi, Juniper, Avaada, and ACME Secure 1.2 GW FDRE Tender Updated On Thu, Dec 12th, 2024 by Saurenergy NHPC, has announced the winners of its 1.2 GW Firm and Dispatchable Renewable Energy (FDRE) VI auction. It awarded the bids to four winners: Jevargi Solar Power (Rays Power Infra), Juniper Green Energy, Avaada Energy, and ACME Solar Holdings. The tender for this project was released in June this year, and the results have been […] Read more
Green Stocks Dec 11: EPCs Up, Developers Down Updated On Wed, Dec 11th, 2024 by Saurenergy In a role reversal of sorts, solar EPC firms enjoyed their day in the sun today, even as green developers, who had started the week on a bright note, faced selling pressure. All of KPI Green, SWREL, and Waaree RTL enjoyed a day with some gains, especially Shakti Pumps, which made a decisive 5% up […] Read more
News In Brief Dec 11: CATL in Spain, Husk Power, EVLO’s First BESS Updated On Wed, Dec 11th, 2024 by Saurenergy Stellantis And CATL to Invest Up to €4.1 Billion in Joint Venture for Large-Scale LFP Battery Plant in Spain Stellantis, the maker of the iconic JEEP, and CATL recently reached an agreement to invest up to €4.1 billion to form a joint venture that will build a large-scale European lithium iron phosphate (LFP) battery plant […] Read more
States Open Up With More Land Bank Policies For RE Projects Updated On Wed, Dec 11th, 2024 by Saurenergy Marred by hurdles in land acquisition for new renewable energy projects, several Indian states are now coming up with innovative solutions like land banks to tackle the issue of land for green projects. Over the past few months, various states have announced or initiated plans to allocate dedicated land for green projects. Uttar Pradesh Earlier […] Read more
Mahindra Adds New Subsidiary Velos Hybren To Expand RE Portfolio Updated On Wed, Dec 11th, 2024 by Saurenergy Mahindra Susten (MSPL) recently incorporated Velos Hybren Private Limited (Velos Hybren) as its step-down subsidiary to spur renewable energy growth. Velos Hybren has been established to produce and sell power, generate electricity, act as an Independent Power Producer (IPP), and facilitate distributed energy solutions, including rooftop solar installations for commercial, industrial, institutional, and residential segments. […] Read more
Gentari, AM Green In 650 MW RTC Deal For Green Ammonia Plant Updated On Wed, Dec 11th, 2024 by Saurenergy Clean energy solutions provider Gentari, through its subsidiary Gentari Renewables India Castor One Private Limited and AM Green Ammonia India have executed a firm and binding Power Purchase Agreement. Under the agreement, Gentari will be supplying 650 MW round-the-clock, carbon-free energy to power AMG Ammonia’s upcoming green ammonia facilities in Telangana, under a long-term Power Purchase […] Read more
Reliance NU Energies Makes Key Appointments Updated On Wed, Dec 11th, 2024 by Saurenergy Reliance NU Energies Private Limited, a subsidiary of Reliance Power, has inducted two key people in its leadership: Mayank Bansal as Chief Executive Officer (CEO) and Rakesh Swaroop as Chief Operating Officer (COO), who have a combined experience of over 40 years in the energy sector. The two energy sector veterans will helm Reliance Power’s […] Read more
Green Stocks Dec 10: Waaree Energies Stock Price Soars 5.68% Updated On Tue, Dec 10th, 2024 by Saurenergy The renewable energy sector saw mixed action in the stock market today. Waaree Energies led the pack with a 5.68% surge, followed by Borosil Renewables, which climbed 3.61%. Maintaining its positive momentum, NTPC Green’s stock price also rose by 1.29%. Meanwhile, the Madhya Pradesh-based Shakti Pumps posted a modest gain of 0.34%. However, it wasn’t […] Read more
