Q3FY25: 10 Major Takeaways From SJVN Investors Call Updated On Tue, Feb 18th, 2025 by Saurenergy SJVN Limited, an Indian Public Sector Enterprise, which was earlier confined to hydroelectric power has now diversified its energy portfolio. The company is now foraying into several new renewable energy projects ranging from floating solar, vanilla solar and other projects. In its latest investors call, the company talked about its performance, challenges and current pace […] Read more
CERC Adopts Tariff For 600 MW Unsold Energy From SECI Updated On Tue, Feb 4th, 2025 by Saurenergy In a welcome development for SECI (Solar Energy Corporation of India) and related stakeholders, the Central Electricity Regulatory Commission (CERC) agreed to adopt the tariff for the full tranche of 900 MW of capacity, even as SECI has tied up for PPAs and PSAs for just 300 MW at the time of the order. The […] Read more
PM-KUSUM (Comp A): Centre Allocates 5 GW Capacity To Rajasthan Updated On Fri, Jan 10th, 2025 by Saurenergy The Ministry of New and Renewable Energy (MNRE) has now ordered allocating an additional 5,000 MW capacity to Rajasthan under the PM Kusum (Component A) Scheme. Union Minister for New and Renewable Energy Prahlad Joshi allocated the additional quota to the state after receiving a representation from Rajasthan Chief Minister Bhajan Lal Sharma and a […] Read more
SECI Awards 200 MW FDRE Project To Altra Xergi At Rs. 8.50/kWh Updated On Fri, Jan 3rd, 2025 by Saurenergy Altra Xergi Power, an O2 Power subsidiary, recently secured a 200 MW project from Solar Energy Corporation of India (SECI). The company secured this project out of the initial 8,000 MWh (2000 MW x 4 hours) renewable energy tender. The Altra Xergi secured the project from SECI at the quoted tariff of Rs. 8.50/kWh to […] Read more
SJVN Green Invites Bids For 1.352 GW PM-KUSUM Comp-C Project In Maharashtra Updated On Mon, Dec 23rd, 2024 by Saurenergy As part of its efforts to increase the implementation of feeder-level solarization under Component-C of PM-KUSUM, SJVN subsidiary SJVN Green has now released a tender to install 1,352 MW capacity through solar power projects across 102 locations in four districts of Maharashtra. These districts are Pune, Nashik, Ahmednagar, and Solapur. SJVN Green is accepting bids […] Read more
Sembcorp Enters BESS Market In India, RE Capacity Touches 6 GW Updated On Wed, Dec 18th, 2024 by Saurenergy Sembcorp Industries (Sembcorp) today announced receiving a Letter of Award (LoA) for a 150 MW solar photovoltaic project coupled with a Battery Energy Storage System (BESS) of 300MWh. The Singapore-based company secured this award from the Solar Energy Corporation of India Ltd (SECI) through its subsidiary Sembcorp Green Infra Private Limited (SGIPL). The Build-Own-Operate (BOO) […] Read more
Avaada Signs MoU To Develop 1200 MW of PSP In Rajasthan Updated On Fri, Nov 22nd, 2024 by Saurenergy Indian renewable energy conglomerate Avaada Group has entered into a Memorandum of Understanding (MoU) with the Rajasthan government to develop a 1200 MW Pumped Storage Project. The MoU, formalized between the Energy Department of the Rajasthan government and Avaada Aqua Batteries Pvt. Ltd., a subsidiary of Avaada Group marks the next chapter in Avaada’s investment […] Read more
Q2 Results: Sterling & Wilson Renewable Reports Higher Revenues, PAT Updated On Mon, Oct 14th, 2024 by Saurenergy Public-listed renewable energy company Sterling & Wilson announced its financial results for Q2 of FY25 today. The consolidated financial results showed an increase in total revenues and net profits. The company reported total revenue of Rs 1,064 crore in Q2FY25, compared to Rs 927.89 crore in Q1FY25 and Rs 776.73 crore in Q2FY24. This represents […] Read more
MERC Declines To Give Relief To EESL Over ‘Change of Law’ Claim Updated On Wed, Sep 25th, 2024 by Saurenergy The Maharashtra Electricity Regulatory Commission (MERC) in its latest order declined any relief to the Energy Efficiency Services Ltd (EESL). The case was related to the petition of the government entity, seeking compensation of Rs 27 crore. EESL sought this amount due to the rise of taxations on solar equipment during the developmental phase of […] Read more
