GIP to Acquire MAP Energy’s RE Business With Interest in 16 GW of Projects Updated On Wed, Dec 30th, 2020 by Saurenergy Global Infrastructure Partners (GIP) has announced the acquisition of MAP® RE/ES, the renewable energy business of MAP® Energy. Global Infrastructure Partners (GIP), a leading global, independent infrastructure investor, has announced the acquisition of MAP® RE/ES, the renewable energy business of MAP Energy. GIP’s fourth flagship fund, GIP IV, will acquire 100 percent of the MAP RE/ES investment […] Read more
First P2P Solar Power Trading In South Asia Launched By UPPCL Updated On Tue, Dec 22nd, 2020 by Saurenergy Uttar Pradesh has become the first state to launch blockchain-enabled solar power trading in India and South Asia in a project led by India Smart Grid Forum (ISGF) with Australian technology company Power Ledger. Uttar Pradesh Power Corporation Limited (UPPCL) and the subsidiary Madhyanchal Vidyut Vitran Nigam Limited (MVVNL) will host a pilot project involving […] Read more
Amp Energy Expands Tata Hitachi’s Solar Plant, Largest Distributed RE Project in East India Updated On Fri, Dec 18th, 2020 by Saurenergy Amp Energy has expanded Tata Hitachi’s solar plant to 10.5 MW making it the largest BTM (distributed RE) project in Eastern India. Tata Hitachi, a leading construction machinery provider in India has partnered with Amp Energy to set up an onsite solar power unit at their facility in Kharagpur, West Bengal. This project is a […] Read more
Clean Energy Goes Spiritual, As Key UP Cities To add 670 MW Rooftop Solar Updated On Thu, Dec 17th, 2020 by Saurenergy Uttar Pradesh energy minister Shrikant Sharma has announced that places of religious importance in the state will be powered by solar energy by 2024. Among the cities cited by him were Ayodhya, Mathura, Varanasi, Prayagraj and Gorakhpur. Rooftop solar would be the preferred medium to achieve the target of 670 MW, powered by central subsidies […] Read more
Tata Power Subsidiary TPMRG Commissions 100th Solar Microgrid in UP Updated On Tue, Dec 15th, 2020 by Saurenergy TPRMG, a 100 percent subsidiary of Tata Power, has commissioned its 100th solar microgrid project in Ratnapur, Uttar Pradesh (UP) While the Government of India has achieved 100 percent electrification under the Saubhagya scheme, communities in Indian states, especially, Bihar and Uttar Pradesh still have unreliable power supply and face unscheduled power cuts. Many of […] Read more
Discoms’ Dues to Power Gencos Rises 29% YoY to Rs 1.38 Lakh Crore in October Updated On Mon, Dec 7th, 2020 by Saurenergy Discoms total dues owed to Gencos rose by over 29 percent year-on-year (YoY) to reach Rs 1.38 lakh crore in October 2020. Power Distribution Companies (Discoms) total dues owed to power producer i.e. generation companies (Gencos) rose by over 29 percent year-on-year (YoY) to reach Rs 1,38,187 crore (Rs 1.38 lakh crore) in October 2020. […] Read more
Power Sector Employees Protest Against Privatisation of Discoms: AIPEF Updated On Fri, Nov 27th, 2020 by Saurenergy Power sector employees have held nationwide protests against the government’s decision to privatise Discoms, AIPEF has said. Power sector employees on November 26, 2020, held nationwide protests against the government’s decision to privatise Discoms, the All India Power Engineers Federation (AIPEF) has said. They also demanded the withdrawal of Electricity (Amendment) Bill 2020 and scrapping of the standard bidding document (SBD). […] Read more
Biotech Major Biocon Takes 26% Stake in Hinduja Renewables Two Updated On Tue, Nov 24th, 2020 by Saurenergy Bengaluru-based biotechnology major Biocon has entered into an agreement for the acquisition of a 26 percent equity stake in Hinduja Renewables Two. Bengaluru-based biotechnology major Biocon has announced that it has entered into an agreement on November 21, 2020, for the acquisition of a 26 percent equity stake on a fully diluted basis in Hinduja […] Read more
ZestMoney: Massive Demand for Pay Later option on EVs Updated On Thu, Nov 19th, 2020 by Saurenergy ZestMoney has been observing a higher demand, a 500% growth in customers opting for the Pay Later solution for Electric Vehicles (EVs). Due to COVID-19 and the need for social distancing, Zestmoney has observed a 500% month-on-month growth in customers opting for the Pay Later solution for Electric Vehicles (EVs). The company is India’s leading […] Read more
