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Waaree Energies Raises INR 1000 Crore in Second Round of Funding Led by ValueQuest

Waaree Energies Limited (WEL), India’s largest solar module maker right now, has successfully raised a round of equity funding, amounting to approximately INR 1000 crore. The investment round was led by ValueQuest, an investment focused on sustainable and progressive ventures. Waaree Energies Ltd. had earlier raised a primary round of ~INR 1040 crore from a […]

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Tata Steel Goes With Tata Power For 966 MW RTC Renewable Supply

Tata Power Renewable Energy Limited (TPREL), through its subsidiary TP Vardhaman Surya Limited, has received a Letter of Award to set up 966 MW RTC (Round-the-clock) hybrid renewable power for Tata Steel. This is one of the biggest industrial RTC power PPAs under the group captive segment in the country. The project has the hybrid […]

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TPREL Commissions 110 MW Project for Kerala State Electricity Board

Tata Power Renewable Energy Limited (TPREL), a subsidiary of The Tata Power Company Limited, has commissioned a 110 MW solar power project in Bikaner, Rajasthan. The project will supply 110 MW of green power to the Kerala State Electricity Board. The Letter of Award for the project was issued in January, 2021 and the project […]

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Waiting To Take Off-The PM-KUSUM Story

Satveer Singh is a 51-year-old wheat farmer based at Mohanpura village in the Sri Ganganagar district of Rajasthan. Around a year ago, he enrolled online with the state government under the Pradhan Mantri Kisan Urja Suraksha Evam Utthaan Mahabhiyan (PM-KUSUM) scheme. As a result, the solar developers installed a seven-Horse Power (HP) solar irrigation pump […]

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Innovations Spotted at REI 2022

The Renewable Energy India Expo 2022 was used as a fruitful platform by the exhibitors to showcase their innovative products and services while also talking about other interesting innovations in the pipeline. Saur Energy International provides you an insight into some such products designed to make customers’ life easier and cater to their solar needs… […]

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Waaree Energies Raises INR 1000 Cr Through Private Funding, Drops IPO Plans

Waaree Energies Limited, India’s leading solar panel manufacturer, has raised around Rs 1000 crore from various investors through private funding. The promoters also participated in this equity raise at the same valuation. The proceeds will be used for expansion plans of the firm to augment its manufacturing capabilities in India from 2 GW to 9 […]

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Agri Renewables Can Double Farmer Income, Help RE Targets: NSEFI-IGEF Roundtable

The ‘National Roundtable on Agri-Renewables in India: A Double Engine Growth Strategy’ was jointly organized by National Solar Energy Federation of India (NSEFI) and Indo German Energy Forum (IGEF -SO) at Indian Habitat Centre, New Delhi. Pranav R Mehta, Chairman, NSEFI, spoke about the “Government of India’s target to become Energy Independent by 2047” and […]

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Madhya Pradesh Hopes To Be Major Energy Exporter Using Green Power

Madhya Pradesh, one of the states that has managed to shrug off an indifferent renewable record over the past three years to emerge as a renewable hotspot in India, has set a high target for 2030. The state hopes to add 20,000 MW of renewable energy, mostly solar power, to become a significant energy exporter […]

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