CERC Terms SC Order On GIB As ‘Change Of Law’, Awards Compensation To Azure Updated On Mon, May 6th, 2024 by Saurenergy The Central Electricity Regulatory Commission (CERC) in a significant judgment termed the 2021 Supreme Court order on the Great Indian Bustards (GIB) as a ‘Change of Law’ event. It also granted compensation to Azure Power Maple Private Limited on account of its alleged additional expenditures. The case came to light after the petitioner Azure Power […] Read more
‘100% European Materials’ Promised At 250 MW Bulgarian Module Plant Updated On Mon, May 6th, 2024 by Saurenergy Europe’s ongoing efforts to preserve solar manufacturing within the continent got a small boost with the installation of a 250 MW automated production plant in Bulgaria. Set up by Italian solar manufacturing machinery producer Ecoprogetti, the plant is owned by Bulgarian company Solar Panel Eood and will produce solar modules in an automated process with […] Read more
TPREL, SJVN Sign PPA For 460 MW Firm & Dispatchable Project Updated On Sat, May 4th, 2024 by Saurenergy Tata Power Renewable Energy Limited (TPREL), has signed a Power Purchase Agreement (PPA) with SJVN Limited (SJVN), an Indian Public Sector Undertaking (PSU), for a 460 MW Firm and Dispatchable Renewable Energy (FDRE) Project. The plant, designed to meet the 460 MW FDRE requirement, integrates solar, wind, and battery storage technologies to ensure efficient energy […] Read more
Sushil Sharma Assumes Additional Charge As CMD In SJVN Updated On Sat, May 4th, 2024 by Saurenergy Sushil Sharma has assumed additional charge of Chief Managing Director (CMD) and Dir. (Personnel) of SJVN Ltd. Presently, Sharma is serving as Dir. (Projects) in SJVN and was recommended for the post of CMD, SJVN after a rigorous selection process by the Public Enterprises Selection Board (PESB) on April 8, 2024. He played a pivotal […] Read more
Green Stocks Buck Market, 3 Locked On Upper Limit Updated On Fri, May 3rd, 2024 by Saurenergy Our renewable pack continues to handily beat the market, if not defy gravity. On a day when the market corrected almost 0.8%, three of the 11 stocks in our basket stayed locked into the upper circuit filter. That one of them made losses in its last quarter (SWREL), and the other two are EPCs in […] Read more
Adani Green Reports 6% Dip In Revenues In Q4, 21% Growth In FY24 Updated On Fri, May 3rd, 2024 by Saurenergy Adani Green Energy Limited (AGEL) today published its quarterly (Q4) and annual financial results for FY24. In its filing before the Bombay Stock Exchange (BSE), AGEL cited a reduction of 39% in profit (including share of profits from associates and JVs) in the latest quarter compared to its Q4 of FY23. In its unaudited consolidated […] Read more
NTPC-REL Seeks Bids For 900 MW Project In Madhya Pradesh Updated On Fri, May 3rd, 2024 by Saurenergy NTPC Renewable Energy Limited (NTPC-REL) has invited online bids for land and power evacuation packages for a 900 MW ISTS-connected solar project In Neemuch region, Madhya Pradesh. NTPC-REL’s tender document mentioned that the project requires government/private contiguous land of 5 Acres/MW on a freehold/leasehold basis near Neemuch ISTS substation in Madhya Pradesh, the lease period […] Read more
Global Wind Firm Vestas’ Revenue Plunges 5.2% YoY Amid ‘Geopolitical Volatility’ Updated On Fri, May 3rd, 2024 by Saurenergy Global Wind Energy company Vestas has released its Q1 figures as it generated revenue of EUR 2,681million witnessing a decrease of 5.2 percent compared to the year-earlier period. Vestas also outlined that continued geopolitical volatility is expected to cause uncertainty in 2024 and that profitability should also continue to improve gradually but will still be […] Read more
Adani Green Secures USD 400 Mn For 750 MW Power Projects Updated On Fri, May 3rd, 2024 by Saurenergy Adani Green Energy Ltd (AGEL) has announced USD 400 million in financing for its under-construction projects. Through this financing, the company extends support to its under-construction 750 MW solar projects in Rajasthan and Gujarat by a consortium of five leading international banks. The consortium of lenders is financing Adani’s projects that are expected to come online from […] Read more
