Saatvik Moves Forward To Issue IPO, Files DRHP With SEBI Updated On Wed, Nov 20th, 2024 by Saurenergy Ambala-based solar module manufacturing company Saatvik Solar has now taken its initial formal steps to venture into the stock market. The solar company has now filed its documents with the Securities and Exchange Board of India (SEBI). The firm plans to issue its Initial Public Offering (IPO) to raise a quantum of Rs 1,150 crore. […] Read more
CEA Approves Uniform Protection Protocol For BESS, Substations Updated On Tue, Nov 19th, 2024 by Saurenergy The Central Electricity Authority (CEA) recently introduced uniform protection protocol to ensure grid stability, reliability, security and to supports the greater integration of 450 GW renewable energy into the national grid by 2030 and ambitious target of 2100 GW of Renewable energy by 2047. The protection schemes protocol addresses the protection requirements for thermal and […] Read more
SECI’s Plea For Extra Trading Margin In BESS Deal Fails To Cut Ice With CERC Updated On Tue, Nov 19th, 2024 by Saurenergy In an interesting take on what constitutes fair margins, the Central Electricity Regulatory Commission (CERC) considered a plea by SECI on an additional margin of Rs. 0.07/kWh for facilitating the sale/ purchase, scheduling, accounting, charging, and discharging of BESS for Grid Ancillary Services (150 MW) portion through IDAM/ RTM/TAM/Bilateral mode on behalf of the National […] Read more
Brazil Pushes Up Solar Tariffs To 25 Percent Updated On Tue, Nov 19th, 2024 by Saurenergy Brazil, which has emerged as an important destination for Chinese solar exports after the challenges in the US and India, has hiked import tariffs to 25% on module imports, crimping yet another key market for Chinese manufacturers. The new rate follows an earlier tariff of 9.6% that the government has imposed to support the growth […] Read more
Waaree Energies Q2 Results-Numbers Up, Growth Rate Moderates Updated On Tue, Nov 19th, 2024 by Saurenergy Waaree Energies Limited India’s largest module maker and now a publicly listed firm, has delivered its first set of numbers after its listing. The company in its Q2 numbers for FY25 has delivered a profit after tax growth of 17% year on year(YoY) over Fy24, even as total income rose under 3% to Rs 3663 […] Read more
ONGC, NTPC Green Enter JV To Build Offshore Wind Project In India Updated On Mon, Nov 18th, 2024 by Saurenergy ONGC NTPC Green Private Limited (ONGPL) was recently incorporated as a 50:50 joint venture between NTPC Green Energy Limited (NGEL), a subsidiary of NTPC Limited, and ONGC Green Limited (OGL), a wholly-owned subsidiary of Oil and Natural Gas Corporation Limited. The authorized share capital of ₹10 lakh has been subscribed to explore and set up […] Read more
KPI Green Plans To Go Global After Its Beyond-Gujarat Success Updated On Mon, Nov 18th, 2024 by Saurenergy Gujarat-based renewable energy company KPI Green Energy has now hinted at its likely plan to go international. However, it has refrained from shedding more light on its plan, citing ongoing talks on the matter. The top management of the firm, buoyed by its increased penetration in states beyond Gujarat said told its investors in a […] Read more
Telangana Govt Announces Tax Break To Electric Vehicles Till 2026 Updated On Mon, Nov 18th, 2024 by Saurenergy In order to make Hyderabad pollution-free, effective from today, the Telangana government gave 100 percent exemption on road tax and registration fees for electric vehicles (EVs) for purchased and registered vehicles for the next two years, until December 31, 2026. In its latest order, the government granted exemption to electric two-wheelers, four-wheelers, and commercial passenger […] Read more
Can Anti-Dumping Duties Change The Fate Of Borosil Renewables? Updated On Mon, Nov 18th, 2024 by Saurenergy A recent investigation report by the Directorate General of Trade Remedies (DGTR) has recommended the imposition of anti-dumping duties on solar glass. This seemingly opened up a small window of relief for Indian solar glass makers like Borosil Renewables. The company was earlier going all out to halt the alleged dumping of solar glass at […] Read more
