Azure Completes Rs 2400 cr Refinancing Updated On Thu, Oct 17th, 2024 by Saurenergy Azure Power Global Limited, has announced the successful completion of its ₹24 billion refinancing transaction, structured as an INR Term Loan underwritten solely by REC Limited. Following this transaction, the company has successfully prepaid its Green Bonds, originally issued in 2019 for $350 million and backed by 10 solar projects commissioned between 2016 and 2019. […] Read more
Govt Should Relax DCR Mandate Temporarily For PM Surya Ghar: IEEFA Updated On Wed, Oct 16th, 2024 by Saurenergy A latest report from the International Energy Economics and Financial Analysis (IEEFA) and JMK Research advocated for temporarily relaxing the mandate of Domestic Content Requirement (DCR) under PM Surya Ghar scheme. The suggestion was one of the key recommendations of the joint report which analysed the performance and challenges under PM Surya Ghar scheme. The […] Read more
International Sales Manager Updated On Tue, Oct 15th, 2024 by Saurenergy Build Export Vertical- International Business (USA-AFRICA) Develop distribution network of channel partners Exhibition of Loom Solar Products in USA/African Market What we need ? Ability to identify buyers, negotiate and finalize business contracts Identify and secure partnerships with qualified distributors in key markets globally. Expert in proposal/quotations preparation and identify deviation Oversee international marketing activities, […] Read more
Tata Steel Using Multiple Options To Boost Use Of RE: Probal Ghosh Updated On Tue, Oct 15th, 2024 by Saurenergy 1. What are the major works you are doing towards shifting to renewable energy for your operations? Integrated Steel plants are power intensive and require huge quantum of power. Currently, the standard BF-BOF route of making steel is in operation and the by-product gases generated in the process are utilised for meeting many heating purposes […] Read more
IBM Acquires Prescinto, Expands Into Renewable Energy Space Updated On Tue, Oct 15th, 2024 by Saurenergy IBM acquires Digital Renewables company – Prescinto, an asset performance management (APM) and a software-as-a-service (SaaS) provider. This acquisition will allow Prescinto leverage artificial intelligence (AI) to enable monitoring, analytics, and automation to streamline renewable energy operations and manage clean energy and storage assets. The Bangalore-based digital company offers solution to organizations that are increasingly […] Read more
MNRE Clarifies On ALMM Applicability On Open Access Projects Updated On Tue, Oct 15th, 2024 by Saurenergy The Ministry of New and Renewable Energy (MNRE) has now issued a clarification on the Approved Models and Manufacturers of Solar Photovoltaic Modules (Requirements for Compulsory Registration) Order, 2019″-commonly known as ALMM Order-on 2nd January 2019. It contains the standards for eligible solar PV models and manufacturers in India. According to the ALMM Order, a […] Read more
Karnataka Plans Rooftop Wind Aero Turbines, Issues Draft Rules Updated On Tue, Oct 15th, 2024 by Saurenergy The Karnataka Electricity Regulatory Commission (KERC) has now issued draft norms to introduce grid-connected rooftop aero turbines in the state. The draft norms put forth by the state power regulator said that these systems could be installed onto the rooftops with or without rooftop solar systems. The draft notification aims to promote co-generation of electricity […] 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
India’s Renewable Capacity Crosses 200 GW Benchmark Updated On Mon, Oct 14th, 2024 by Saurenergy India’s renewable energy capacity has now crossed 200 GW, latest data from the Central Electricity Authority (CEA) revealed. As per the latest information from the agency, India’s total renewable capacity (excluding large hydro) touched 154 GW while India’s large hydro projects touched 46 GW capacity by the end of September 2024. A comparison of CEA’s […] Read more
