Home Security Firm ADT Enters Rooftop Solar Market in US with Sunpro Solar Acquisition Updated On Thu, Nov 11th, 2021 by Saurenergy In a major change to the rooftop solar market in the US, home security giant ADT has entered rooftop solar segment by acquiring Sunpro Solar, rebranding the company as ADT Solar. ADT Inc has announced the deal for Sunpro Solar, at $160 million in cash plus approximately 77.8 million shares of ADT common stock, implying […] Read more
Bihar Govt to Set Up Solar Plants at Kajra, Pirpainty Updated On Fri, Nov 5th, 2021 by Saurenergy The state cabinet on Wednesday approved the Bihar government’s proposal to establish solar power plants at Kajra in Lakhisarai and Pirpainty in Bhagalpur district on the land earlier acquired for the thermal power plants, state cabinet secretariat department additional chief secretary Sanjay Kumar said. The cabinet also allowed to amend the energy department’s resolution of […] Read more
SJVN To Build 100 MW Solar Project in Punjab With PPA From PSPCL Updated On Fri, Nov 5th, 2021 by Saurenergy SJVN, the jointly owned power firm of the Government of Himachal Pradesh and Govt Of India has won a 100 MW grid connected solar project from Punjab State Power Corporation Limited (PSPCL). The power purchase agreement shall be signed between PSPCL and SJVN for 25 years. SJVN currently has installed capacity of 2016.5 MW which […] Read more
CERC Refuses to Intervene in SB Energy’s PPA/PSA with NTPC & PSPCL Updated On Wed, Nov 3rd, 2021 by Saurenergy In a recent order, the Central Electricity Regulatory Commission (CERC) turned down SB Energy’s plea to direct NTPC Ltd. and Punjab State Power Corporation Limited (PSPCL) to neither terminate the PPA and PSA signed between the parties nor undertake any coercive action, such as invocation of the performance bank guarantee, and to extend timelines for Condition […] Read more
RUMSL Tenders for 600 MW Omkareshwar Floating Project Updated On Wed, Nov 3rd, 2021 by Saurenergy After a lot of discussions and waiting, the 600 MW Omkareshwar reservoir floating solar plans are moving again. The Rewa Ultra Mega Solar Limited (RUMSL) has started the process by inviting bids to develop the grid connected ‘park’, which would easily be the largest of its kind in India. Till recently, the plant was in […] Read more
Solar Firm Greenshift Offers Carbon Finance Option With EV Stations Updated On Mon, Nov 1st, 2021 by Saurenergy Mumbai-based GreenShift Initiatives Private Limited (GIPL) which claims to offer a unique solar-as-a-service (SaaS) model involving zero-investment on rooftop solar installation, and fast electric vehicle (EV) charging infrastructure has come out with an offer to monetize carbon emission achievement. The company has rolled out carbon credits — a ‘carbon finance’ option to its customers to […] Read more
MSEDCL Tenders for 1250 MW Of Solar Under State Scheme Updated On Mon, Nov 1st, 2021 by Saurenergy Close on the heels of its tender for vendor empanelment for 200 MW of solar rooftop capacity across the state, the Maharashtra State Electricity Distribution Company Limited (MSEDCL) has invited bids to procure 1,250 MW of solar power from projects developed in various districts of Maharashtra. The bids are under the state’s own Mukhyamantri Saur […] Read more
Proposed Amendment by Power Ministry To Power Corporate and Industrial RE Development Updated On Mon, Nov 1st, 2021 by Saurenergy With 4 stakeholder consultations already held, the proposal by the power ministry to amend the Energy Conservation Act, 2001 is moving ahead. The amendments will have the twin objectives of enhancing demand for renewable energy at the end- use sectors such as Industry, buildings, transport etc, and also support the climate goals commitments of the […] Read more
AGEL Q2 FY 22 Results Out: ₹859 cr Cash Profit in H1, RE Portfolio 20,284 MW Updated On Fri, Oct 29th, 2021 by Saurenergy Adani Green Energy Ltd. (AGEL), the green arm of the Adani Group, has released the financial results for the quarter and half year ended September 30, 2021, reporting that cash profit increased by 45% to Rs. 859 crores in H1 FY22. The company’s overall renewable portfolio increased to 20,284 MW during this period. The Operational […] Read more
