Rajasthan And NTPC Sign MoU To Develop 10 GW Renewable Energy Park In State Updated On Mon, Jul 4th, 2022 by Saurenergy NTPC Renewable Energy Ltd (NREL) and Rajasthan Government signed on July 1 an MoU for a 10 GW ultra mega Renewable Energy Power Parks (UMREPP) to be developed in Rajasthan. The MoU was signed at a ceremony held on Friday in the presence of Rajasthan Energy Minister Bhanwar Singh Bhati. Since it was formed on […] Read more
CERC Allows ACME Petition To Qualify Entry Tax As Change In Law Updated On Fri, Jul 1st, 2022 by Saurenergy The Central Electricity Regulatory Commission allowed on June 29 the petition moved by ACME praying for declaring the Entry Tax as Change In Law defined in the statutes. The three judges panel of I. S. Jha, Arun Goyal and P. K. Singh, also ordered the stay of collection of entry tax pursuant from the petitioner […] Read more
Proposed Scheme On Discom Dues Could Lead To Rs 9,000 Crore Flow Towards RE Developers Updated On Thu, Jun 23rd, 2022 by Saurenergy Leading ratings firm CRISIL estimate that the proposed scheme for liquidating discom dues could be a windfall for RE developers, among others. Rs 9,000 crore over the next two fiscals could be released for RE developers, states the firm. This could majorly impact the receivables period of leading RE gencos of 40-50 days from the […] Read more
Pennar Industries Inducts Pradeep Sangwan As BU Head-Solar Updated On Thu, Jun 23rd, 2022 by Saurenergy Hyderabad based Infrastructure group Pennar Industries has roped in industry veteran Pradeep Sangwan as Business Unit Head, Solar. Sangwan, who has had a long and distinguished stint in the solar sector so far, was previously working with Solar firm Econess Energy. Before that, he has worked with Renesola Power and Tata BP Solar too. An […] Read more
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
