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SunEdison Investing Rs 2.12 Cr for Majority Stake in two RE Firms

SunEdison Infrastructure Limited has announced that its Board has approved the majority acquisition of two RE firms. Chennai-based renewable energy company SunEdison Infrastructure Limited (SIL, formerly YKM Industries Limited) has announced that its Board has considered and approved the majority acquisition of Megamic Electronics Private Limited and Enrecover Energy Solutions Private Limited. SunEdison, which is into […]

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EESL Introduces Super Energy Efficient AC at Rs 41,300

In the first phase, 50,000 ACs will be available for consumers of BSES Rajdhani Power Ltd (BRPL), BSES Yamuna Power Ltd (BYPL) and Tata Power Delhi Distribution Ltd (Tata Power-DDL), on a first come, first served basis. Government-backed Energy Efficiency Services Limited (EESL) has commenced the sale of the first-of-its-kind, Super-Efficient Air Conditioners (ACs), for […]

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Union Budget 2019: A Mixed Bag for the Solar Industry

As expected from Modi Government 2.0, India’s first full-time woman Finance Minister Nirmala Sitharaman had few eggs in her basket for the renewables sector. Here’s how the key stakeholders of the solar industry, including policymakers, think tanks, leading private players have reacted to the government’s Budget for FY19-20: After the budget, Power Minister R. K. […]

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SECI Signs PSA for 750 MW Solar Power and MoU for BESS Facility

SECI has announced the signing of two new agreements a PSA and an MoU with two power discoms in Delhi and Rajasthan, respectively. MOU SIGNED WITH BRPL FOR BESS PROJECT OF SECI pic.twitter.com/6pO1XsFQOr — SECI (@SECI_Ltd) July 1, 2019 The Solar Energy Corporation of India (SECI) has announced the signing of two new agreements with […]

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Delhi’s Peak Power Demand Clocks Record 7241 MW

Delhi’s electricity demand touched an all-time high of 7241 MW on July 1, 2019, the highest peak power demand recorded in any Indian city. Delhi’s electricity demand touched an all-time high of 7241 megawatts (MW) on July 1, 2019, at 3:29 pm, the highest peak power demand recorded in any Indian city. “Delhi’s peak power demand […]

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ReNew Power Raises $300 Million Through Rights Issue

Gurugarm based ReNew Power announces that it has successfully raised $300 Million through a rights issue Clean energy firm ReNew Power has announced to have raised $300 million (approx. Rs 2,050 crore) through a rights issue. Goldman Sachs, Abu Dhabi Investment Authority (ADIA), and Canada Pension Plan Investment Board (CPPIB) have subscribed to the issue, […]

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SECI Signs PSAs Worth 600 MW with two State Discoms

SECI has signed PSA with two state discoms for supplying nearly 600 MW of power from renewable projects. The Solar Energy Corporation of India (SECI) has announced that it has signed Power Supply Agreements (PSA) with two state discoms for supplying nearly 600 MW of power from renewable projects. The first agreement has been signed […]

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Gujarat Issues Tender For Procurement of 750 MW Solar Power

GUVNL has issued an RfS for procuring 750 MW of solar power from solar PV projects located in the 1000 MW capacity Dholera. The Gujarat Urja Vikas Nigam Limited (GUVNL) has issued a Request for Selection (RfS) for procuring 750 MW of solar PV power through a competitive bidding process (followed by reverse e-auction (e-RA)) […]

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SECI Signs PSA For 460 MW Wind Power with UPPCL

UPPCL has signed a PSA for procuring 460 MW of wind power with SECI The Uttar Pradesh Power Corporation Ltd. (UPPCL) has signed a Power Supply Agreement (PSA) for procuring 460 MW of wind power with the Solar Energy Corporation of India (SECI). The signing of the agreement was announced on the official twitter handle […]

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