Tata Power acquires WREPL through share purchase agreement Updated On Thu, Sep 15th, 2016 by Saurenergy TPREL (Tata Power Renewable Energy Ltd), an arm of Tata Power, has completed 100 percent share purchase in WREPL (Welspun Renewable Energy Pvt Ltd) and its subsidiaries. Earlier in June, the company had announced that TPREL will acquire WREPL through a share purchase agreement (SPA) at an enterprise value of Rs 9249 crore, subject to […] Read more
Ministry of Shipping aims to install 160.64 MW of Renewable Energy Projects at Major Ports by 2017 Updated On Fri, Aug 12th, 2016 by Saurenergy In a bid to promote renewable source of energy the Ministry of Shipping has announced to install solar and wind based power systems at all the Major Ports across the country. The Ministry is planning to set up 90.64 MW of Solar Energy Capacity at twelve Major Ports and 70 MW of Wind Energy Capacity […] Read more
DP Energy gets Green Light to construct a 375MW of solar and wind plant in Port Augusta Updated On Mon, Aug 8th, 2016 by Saurenergy Plans to construct a major 375MW solar and hybrid wind plant for Port Augusta in South Australia has been approved from the state government. DP Energy, the Irish Project developer stated that the government’s green light meant it could now deliver one of the “largest and most significant” hybrid renewables projects in the Southern Hemisphere, […] Read more
Tata Power Renewable Energy signs SPA to acquire Welspun Renewables Energy Updated On Mon, Jun 13th, 2016 by Saurenergy Tata Power Renewable Energy Limited (“TPREL”), a 100% subsidiary of Tata Power, has signed a Share Purchase Agreement (SPA) with Welspun Energy (“WEPL”) to acquire its subsidiary Welspun Renewables Energy Private Limited (“WREPL”). It is estimated to be Rs 9,500 crore ($1.4 billion) deal. This is one of the largest transactions in renewables space in […] Read more
HPSEBL and SECI joint venture Corporation to set up a solar power project in Kaza Updated On Thu, May 19th, 2016 by Saurenergy Himachal Pradesh Electricity Board Limited (HPSEBL) and Solar Energy Corporation of India (SECI) has formed a joint venture corporation (JVC) named Himachal Pradesh Solar Power Corporation Ltd to set up a solar power project in Kaza. PC Negi , MD of HPSEBL and managing director, SECI signed the agreement in the presence of Chief Minister […] Read more
36 CPSUs has committed to develop 18,988 MW of Renewable Energy projects: Piyush Goyal Updated On Tue, May 10th, 2016 by Saurenergy Minister of State (IC) for Power, Coal & New and Renewable Energy, Piyush Goyal on Tuesday said while framing the Scale-up Plan for 1, 00,000 MW of Grid Connected Solar Power by the year 2022, it was envisioned that the Public Sector Undertakings will contribute around 10,000 MW of Grid Connected Solar Power. Goyal in […] Read more
AWS Truepower acquires the energy-related forecasting assets of MESO Updated On Thu, May 5th, 2016 by Saurenergy AWS Truepower has announced that it has acquired the energy-related forecasting assets from its long-term partner MESO, Inc. AWS Truepower collaborated with MESO Inc. for years in providing wind and solar power forecasting services to the utility and renewable energy industries around the world. With this partnership, AWS Truepower has become the top wind and […] Read more
CLP likely to enter Indian solar market with purchase of 100 MW of solar power project from Suzlon Updated On Wed, May 4th, 2016 by Saurenergy CLP India is reportedly in talk with wind energy giant Suzlon to buy 100MW of PV projects. Early this year in January Suzlon made its maiden entry into the solar space winning tender for 210 MW of projects in the state of Telangana. The 210 MW of project includes one project of 100 MW, one […] Read more
SECI asks World Bank to finance 50% of it solar projects Updated On Tue, May 3rd, 2016 by Saurenergy The Solar Energy Corporation of India (SECI) set up originally to help the growth of solar power in the country by holding auctions and promoting projects under the Jawaharlal Nehru National Solar Mission, is now going ahead with plans of developing a second suite of PV projects in India claims a report. According to ET […] Read more
