Keen To Enter Into RE, OTPP Offers Rs 2300 Cr For 49% Stake In Mahindra Susten Updated On Thu, Jun 23rd, 2022 by Saurenergy One of the largest pension funds in Canada, Ontario Teachers’ Pension Plan (OTPP), is looking to acquire a stake of close to 49%, worth Rs 2,300 crore in Mahindra Susten Pvt Ltd, thereby valuing the entity at Rs 4,600 crore, inclusive of debt. An exclusivity clause has been signed between OTPP and Mahindra Susten. With […] Read more
ReNew Analyst Call Highlights- Module Mfg Hiked To 6 GW, Corporate PPA Market, More Backward Integration Updated On Thu, Jun 16th, 2022 by Saurenergy Nasdaq listed ReNew Energy Global (ReNew Power), which announced its Q4 results for FY 22 yesterday (June 15), hosted its analyst call later in the evening. We bring you some of the key highlights from the call, where Founder, Chairman and CEO Sumant Sinha Spoke, along with new CFO Kedar Upadhye, Chief Sustainability Officer Vaishali […] Read more
Premier Energies In Strategic Alliance With Azure Power; To Supply 600 MW Modules For Next 4 Years Updated On Tue, Jun 14th, 2022 by Saurenergy Solar manufacturing company Premier Energies Group has announced that it has entered a strategic alliance with renewable power producer Azure Power Global Limited. The official statement of Premier said that under the Module Supply Agreement, the company will supply 2.4 GW of solar cells and solar modules over the next four years. The value of […] Read more
META4 To Invest Rs 250 Crore In Electric Two-Wheeler Manufacturing In India Updated On Tue, Jun 14th, 2022 by Saurenergy Looking to grab a piece of the EV pie in India, the United Arab Emirates (UAE) based META4 has announced that it will be investing Rs 250 crore in the state of Telangana to set up an electric two-wheeler manufacturing facility. META4 has also held that it has signed a pact with the Telangana Government […] Read more
IEX Power Market Update for May – 80% Growth For Green Market Updated On Tue, Jun 7th, 2022 by Saurenergy In its May 2022 update, India’s premier energy exchange IEX (Indian Energy Exchange) informs that it 7596 MU of electricity volume in May’22 comprising 6680 MU in the conventional power market, 642 MU in the green power market, and 275 MU (2.75 lac Certificates) in the REC Market, registering 16% YoY growth across all the […] Read more
Focus On Policy Reforms At RenewX Hyderabad This Year Updated On Mon, Jun 6th, 2022 by Saurenergy As the 6thedition of RenewX, a two-day Renewable Energy trade expo scheduled on June 10 and 11, 2022 at the Hitex, Hyderabad comes around, for organiser Informa Markets, it’s time to put the spotlight on policy reforms. Seen as the biggest renewable energy event in South India, RenewX 2022 expo and conference will convene business, policy and finance experts from across […] Read more
ReNew Power Announces Adding 700 MW; Portfolio Jumps to 12.8 GW Updated On Fri, Jun 3rd, 2022 by Saurenergy Renewably energy player ReNew Power has announced that it has signed definitive agreements to acquire an operating wind and solar portfolio of about 528 MW. The green power capacity comprises 471 MW of wind and 56 MW of solar assets. ReNew Power has also signed a power purchase agreement (PPA) with Maharashtra’s MSEDCL for a […] Read more
South India’s Second Big Renewable Push Starts Now Updated On Mon, May 30th, 2022 by Saurenergy Introduction Back in 2014-15, when the new government of Prime Minister Modi first took stock, and hiked India’s renewable energy target 5 fold to 175 GW by 2022, a number of assumptions were made. From the share of solar (100 GW), to the share of rooftop solar within that (40 GW), Wind energy (60 GW) […] Read more
Power Ministry Plans Another Scheme To Solve The Discom Puzzle Updated On Thu, May 26th, 2022 by Saurenergy The Ministry of Power has informed that it’s working on a scheme that will help mitigate the financial woes of the Distribution Companies (Discoms) which are unable to pay their dues. This is crucial as the inability of Discoms to pay dues impacts the entire value chain of the power sector. Even the relatively young […] Read more
