UP Govt Cancels 1 GW Solar PV Projects Auction on Higher Tariffs Updated On Sat, Jul 28th, 2018 by Saurenergy The auction conducted by Uttar Pradesh New and Renewable Energy Development Agency (UPNEDA) saw a high tariff rate bidding by the participants and it will go for re-bidding. Weighed down by higher solar tariffs up to Rs 3.48 per unit, the Uttar Pradesh Government has decided to cancel the auction for 1 GW of […] Read more
Tata Power Q1 Net Profit Jumps Four-Fold to Rs 1,735 Cr Updated On Fri, Jul 27th, 2018 by Saurenergy Consolidated revenue rose by 16 percent at Rs 7,139 crore as compared to Rs 6,166 crore last year. Country’s one of the leading integrated power company, Tata Power has reported a four-fold jump in its consolidated net profit after tax at Rs 1735 crore during the first quarter of FY19, helped by exceptional gain from […] Read more
Waaree Energies Becomes Largest Solar Panel Maker in India Updated On Fri, Jul 27th, 2018 by Saurenergy The new facility underlines the company’s commitment towards the Government’s ambitious target of 225 GW of renewable energy by 2022 and its vision for Make in India. Waaree Energies has become the country’s largest solar panel manufacturer with the launch of the 1 GW plant in Vapi, Gujarat, taking its manufacturing capacity to 1.5 GW. […] Read more
Goldi Green Offers Free Insurance to Residential Rooftop Solar Plant Customers Updated On Wed, Jul 25th, 2018 by Saurenergy The company is providing free insurance to its residential rooftop solar plant customers as it believes that a solar power plant is an important long-term investment for a customer and insuring it against unforeseen calamities & accidents is equally important as well. One of the leading solar PV module maker, Goldi Green said that it […] Read more
Orissa HC Issues Stay Order on Safeguard Duty on Solar Imports until August 20 Updated On Wed, Jul 25th, 2018 by Saurenergy The move came after the Directorate General of Trade Restrictions (DGTR) had recommended, last week, that safeguard duty on solar imports from China and Malaysia should be imposed for 2 years in a phased manner i.e. 25 percent for the first year, 20 percent for the first six months of the second year, and 15 […] Read more
New Energy Solar to Buy 87 MW Beryl Project from First Solar Updated On Wed, Jul 25th, 2018 by Saurenergy Currently, the 87 MW Beryl Solar Project is under construction and is expected to start commercial operation in mid-2019. Sydney based New Energy Solar has inked a binding pact to acquire Beryl solar project from First Solar in Australia. The company said in a statement that, “It has entered into binding agreements to acquire the […] 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
Tender for DSIR’s 1000 MW Solar Project likely in August Updated On Tue, Jul 24th, 2018 by Saurenergy Out of the planned 5000 MW of solar power project establishment in DSIR, the authorities decided to roll out 1000 MW tender as the first phase of the project. The overall cost of power plant project is estimated at Rs 25,000 crore and spread across 11000 hectares. Government is likely to roll out the 1000 […] Read more
SPDA Eyes Full Exemption from Safeguard Duty on Solar Equipment Updated On Mon, Jul 23rd, 2018 by Saurenergy Such safeguard duty on solar equipment could also kill thousands of job created from the down-stream activities of solar power generation including the manufacturing sector. The Solar Power Developers Association (SPDA) has sought complete exemption of safeguard duty on solar equipment for ongoing project. It believes that such a move can jeopardise investments worth Rs 1 […] Read more
