15 GW Solar Projects risk impact from BCD on April 2022, Says NSEFI Updated On Mon, Feb 14th, 2022 by Saurenergy With barely six weeks to go before the the Basic Customs Duties (BCD) on solar module imports(40%) and solar cells (25%) kick in, the National Solar Energy Federation of India (NSEFI) has written to the MNRE to make a case for grandfathering of these projects. By grandfathering, these projects would, in effect be exempt from […] Read more
With Over 10 GW Solar Power, Rajasthan Tops Capacity Creation: MNRE Updated On Mon, Feb 14th, 2022 by Saurenergy Rajasthan stands on top in the country in developing solar power with more than 10 GW of green energy capacity, a release said on Saturday. According to the data released by the Ministry of New and Renewable Energy (MNRE), Rajasthan has left behind Karnataka and Gujarat by developing more than 10 GW of solar power […] Read more
Tender issued for 1MW Rooftop Solar for Sun Temple and Modhera in Gujarat Updated On Fri, Feb 11th, 2022 by Saurenergy A tender for engineering, procurement and construction (EPC) has been issued by the Gujarat Power Corporation Limited (GPCL) for the installment of a minimum of 1 megawatt (MW) rooftop for India’s rich heritage hubs of the Sun Temple and the historical township of Modhera in Gujarat. The heritage site lies in the Mehsana district of […] Read more
Norway to Launch 1.5 GW Offshore Wind Tender in Late 2022 Updated On Thu, Feb 10th, 2022 by Saurenergy Norway will launch its first tender for offshore wind turbines in the southern North Sea later this year. The government has confirmed that the project will be bottom-fixed to develop 1.5 GW of electricity meant to power the Norwegian mainland. The growth of Norway’s offshore wind industry would enable the country to transition from oil […] Read more
Virescent Renewable Raises Rs 650 crore Through Domestic Bond Issue Updated On Tue, Feb 8th, 2022 by Saurenergy Virescent Renewable Energy Trust (VRET) and Infrastructure Investment trust (InvIT) has raised a capital of Rs. 650 crore through a domestic bond issue. The issue is meant for two tenors – one is 7.33-year for Rs 150 crore and the other being a 10-year one for Rs 500 crore. Virescent is backed by global investment […] Read more
ReNew Announces $250 Million Share Buyback and Preliminary Results for Q3 FY’22 Updated On Thu, Feb 3rd, 2022 by Saurenergy Nasdaq listed ReNew Energy Global plc has announced that its Board of Directors has authorized a new $250 million share repurchase program to buy back Class A Ordinary Shares (“Share Repurchase Program”) in the capital of the Company. In addition, the Company is providing updates on certain financial metrics for the quarter and nine months ended December 31, […] Read more
MNRE Focus On Residential Rooftop, As National Portal for Subsidy, Net Metering In the Making Updated On Wed, Feb 2nd, 2022 by Saurenergy The Ministry and New and Renewable Energy (MNRE) under Power Minister R.K. Singh finally seems to be paying heed to the crying need for attention from the rooftop solar sector. To give some speed to the reeling rooftop solar segment MNRE has issued a simplified procedure for residential consumers to get the rooftop solar plant […] Read more
AGEL Announces Q3 Results. Ebitda From Power Supply Up 56% YOY Updated On Wed, Feb 2nd, 2022 by Saurenergy Adani Green Energy Limited (AGEL), the green energy development arm of the Adani Group has announced its results for the 9 months ending December 2021. With operational capacity increasing by 83% to 5410 MW, the company has a strong set of results to show for Q3, even as the Adani group embarks on a massive […] Read more
Odisha Government offers 15% Subsidy on Electric Vehicles Updated On Wed, Feb 2nd, 2022 by Saurenergy In what can prove to be a game changer in near future for the faster adoption of electric vehicles in the eastern state, the Odisha Government has declared that it will provide a 15 per cent subsidy on the purchase of electric vehicles. Although the subsidy comes with an upper cap for all categories, experts […] Read more
