GIB Row: MERC Allows Compensation To Azure Power Subsidiary Updated On Wed, Jul 24th, 2024 by Saurenergy The Maharashtra Electricity Regulatory Commission (MERC) in its latest order ordered compensation to a subsidiary of Azure Power in the light of judgement of the Supreme Court on the issue of Great Indian Bustards (GIB). This comes after the Azure Power Thirty Four Private Limited (APTFPL) moved the State Commission, seeking compensation. The petitioner had […] Read more
Rays Power Announces Closure Of Rs 127cr Fund Raise Updated On Wed, Jul 24th, 2024 by Saurenergy Rays Power Infra, a solar EPC and turnkey solution provider company today announced the successful closure of a fundraise of Rs 127 crores as equity capital. The company is also gearing up to file its IPO Draft Red Herring Prospectus (DRHP) in the last quarter of the year, setting the stage for further fundraising to […] Read more
Green Stocks July 23: Post Budget Announcement On Solar Glass, Borosil’s Stock Price Surges Updated On Tue, Jul 23rd, 2024 by Saurenergy On the day when the Union Budget talked about imposing Customs Duty against the imports of solar glass, the stock prices of Indian solar glass maker Borosil Renewable surged to 8.22 percent high. This was the long pending demand of the Indian solar glass makers like Borosil. This is followed by positive growths of companies […] Read more
Budget 2024: Govt Imposes New Customs Duty On Solar Glass Updated On Tue, Jul 23rd, 2024 by Saurenergy Union Finance Minister Nirmala Sitharaman today presented the Union Budget for 2024-25 before the Parliament. The minister talked about several steps taken by the government towards India’s sustainable energy transition besides rolling out some more plans of the government to boost the growth of the renewable energy industry in the sector. She also talked about […] Read more
BluPine Energy Secures Financial Closure For Gujarat Solar Project Updated On Mon, Jul 22nd, 2024 by Saurenergy BluPine Energy, a renewable energy services company established in India by global infrastructure investor Actis has announced the successful financial closure for its 120 MW Solar Project in Panshina and Radhanpur village of Gujarat under Gujarat Urja Vikas Nigam Limited (GUVNL). It was achieved through securing debt financing from State Bank of India (SBI). The […] Read more
JSW To Add New Solar Capacities To Karnataka’s Pavagada Solar Park Updated On Mon, Jul 22nd, 2024 by Saurenergy JSW Energy Limited received a Letter of Award (LoA) from Karnataka Renewable Energy Development Limited (KREDL) for setting up a 300 MW solar power project at Pavagada Solar Park in Karnataka. Pavagada Solar Park in the Tumkur district of Karnataka is one of the largest solar parks of India. It is also the single site […] Read more
Rooftop Solar: MNRE To Incentivize Discoms For Performance Updated On Fri, Jul 19th, 2024 by Saurenergy The Ministry of New and Renewable Energy (MNRE) has now decided to incentivize the power distribution companies (Discoms) in the country for their good performance in the rooftop solar business. The ministry also issued a set of guidelines on the same under the PM Surya Ghar scheme to bring a clarity on the incentivization intervention. […] Read more
HPPCL Issues Tender For 13 MW Solar Project In Solan Updated On Fri, Jul 19th, 2024 by Saurenergy The Himachal Pradesh Power Corporation Limited (HPPCL) has now released a tender seeking bids to set up a 13 MW (AC) solar project in Sanerh, Solan in Himachal Pradesh. HPPCL invited bids to design, supply, and construct the project which is expected to be completed in the next eight years. The last date and time […] Read more
ADB Approves Support for Rooftop Solar Systems in India Updated On Wed, Jul 17th, 2024 by Saurenergy The Asian Development Bank (ADB) has approved $240.5 million in loans to finance rooftop solar systems in India that will help the government expand energy access using renewable energy. The financing will support tranches 2 and 3 of the Multitranche Financing Facility (MFF) Solar Rooftop Investment Program approved by ADB in 2016. The program was restructured in […] Read more
