Mahindra Cancels Share Purchase Pact Worth Rs 105 Cr with CLP India Updated On Mon, Sep 14th, 2020 by Saurenergy Mahindra & Mahindra has terminated a share purchase agreement with CLP India to sell the entire stake held by Mahindra Renewables in Neo Solren. Mahindra & Mahindra (M&M) has announced that it has terminated a share purchase agreement with CLP India to sell the entire stake held by its step down arm Mahindra Renewables in Neo Solren (NSPL) for […] Read more
India has Attained “One Nation, One Grid, One Frequency”: Nandan Sahai Updated On Mon, Sep 14th, 2020 by Saurenergy Sanjiv Nandan Sahai, Secretary, Ministry of Power, has said that India has already attained the status of “One Nation, One Grid, One Frequency”. Sanjiv Nandan Sahai, IAS, Secretary, Ministry of Power, has recently said that India has already attained the status of “One Nation, One Grid, One Frequency”, and that there are now no constraints […] Read more
Japanese Financial Group Orix To Invest Rs 7200 Cr In Greenko for 20% stake Updated On Fri, Sep 11th, 2020 by Saurenergy Diversified Japanese financial conglomerate, has made the largest single renewable energy investment into India, with a $980 million ( Rs 7200 crores) on renewable major Greenko Group Holdings. The deal is expected to be closed by the end of the year. The Tokyo based firm had $23.6 billion in reported revenues last year, making the […] Read more
Petronas Expands India Bet With 100 MW ACME Buy Through Amplus Updated On Fri, Sep 11th, 2020 by Saurenergy Amplus Energy Solutions, the Malaysian national oil firm, Petronas’s subsidiary in India since its own acquisition by Petronas last year, has moved to acquire 100MW of solar assets owned by ACME Solar. The reported price for the deal is $110 million., or almost Rs 800 crores. For the Manoj Upadhyay led ACME Solar, the deal […] Read more
BP Takes 50% Stake in two Offshore Wind Projects of Equinor for $1.1 Bn Updated On Fri, Sep 11th, 2020 by Saurenergy Equinor has entered into an agreement with BP to sell 50% interest in two offshore wind assets on the US east coast at a reported USD 1.1 billion value Equinor has announced that it has entered into an agreement with BP to sell 50 percent non-operated interests in the Empire Wind and Beacon Wind assets […] Read more
ISA to be Implementing Agency for ‘One Sun One World One Grid’ Initiative Updated On Fri, Sep 11th, 2020 by Saurenergy It has now been decided that the ISA will be the implementing agency for carrying out all the activities of the ‘One Sun One World One Grid’ initiative. The Ministry of New and Renewable Energy (MNRE) has announced that regarding its Request for Proposals (RfP) for developing a Long Term Vision, Implementation Plan, Road Map […] Read more
Researchers at IIT Madras Develop Feasible Alternatives to Li-ion Batteries Updated On Fri, Sep 11th, 2020 by Saurenergy A team of researchers at IIT Madras has made significant advances in developing alternatives to conventional Li-ion batteries for industrial usage. The Indian Institute of Technology Madras (IIT-M) has announced that a team of researchers has made significant advances in developing alternatives to conventional lithium-ion (Li-ion) and lead-acid batteries for industrial usage. Such advances are crucial as India is aiming to achieve 40 […] Read more
First Real Sign of Recovery; Peak Power Demand Returns to Normal Updated On Fri, Sep 11th, 2020 by Saurenergy The Peak Power Demand has finally found its way back to normal as India touched 174.33 GW demand on September 9, 2020, showing the first real sign of recovery. The Peak Power Demand in India, which has perhaps taken one of the biggest hits that lasted nearly 4-6 months due to the lockdown imposed for […] Read more
Delhi Govt Likely to Roll Out Subsidy Scheme Under EV Policy Soon Updated On Fri, Sep 11th, 2020 by Saurenergy The Delhi government is likely to roll out from next week the subsidy scheme under its newly-launched electric vehicle (EV) policy, officials said. The EV policy of the Delhi government was notified last month. Launching the policy, chief minister Arvind Kejriwal had said it aimed at registration of around five lakh electric vehicles in the city in the next […] Read more
