Aditya Birla Renewables Appoints Amit Jain As Its New CEO Updated On Fri, Apr 4th, 2025 by Saurenergy Amit Jain, a senior business leader with over 30 years of experience in renewables, energy (power, oil & gas), and telecom infrastructure, has joined Aditya Birla Renewables as its new Chief Executive Officer (CEO). An EPC sector veteran, Jain has worked across renewable energy, oil and gas, chemical and process plants, power transmission, and telecom […] Read more
Govt Expands Transmission Project Area In Bidding Rule Update Updated On Fri, Apr 4th, 2025 by Saurenergy The Ministry of Power (MoP) in its latest bidding rule update has amended norms under its Standard Bidding Documents (SBDs) to streamline the procurement of inter-state transmission services through tariff-based competitive bidding (TBCB). The latest provision aims to expand the area for developing the project to a 5-km radius. The revisions affect the Request for […] Read more
Senvion India Launches 3.1M130 Wind Turbine With RLMM Entry Updated On Fri, Apr 4th, 2025 by Saurenergy Senvion India’s 3.1M130 wind turbine has been included in the Ministry of New and Renewable Energy’s (MNRE) Revised List of Models and Manufacturers (RLMM) issued in April 2025, the company said. It plans to begin grid-connected commercial installations across the country soon. The Indian firm, owned by Saudi based Alfanar group hopes to wrest a […] Read more
No Viability Gap Funding Released For BESS In FY25: Govt Updated On Fri, Apr 4th, 2025 by Saurenergy The Ministry of New and Renewable Energy (MNRE) said that it has not issued any viability gap funding (VGF) for battery energy storage system in FY25. The Union Cabinet approved the Viability Gap Funding (VGF) scheme for Battery Energy Storage Systems (BESS) on September 6, 2023, to support sector development. Under the scheme guidelines, 10% of […] Read more
Pace Digitek Files ₹900 Cr IPO For Setting Up BESS Project Updated On Thu, Apr 3rd, 2025 by Saurenergy Renewable energy and telecom service provider Pace Digitek Ltd has filed for an initial public offering (IPO) worth ₹900 crore and is considering a pre-IPO placement of up to ₹1,800 million, according to its draft red herring prospectus. The IPO plans follow a string of wins for the firm in recent BESS tenders due from […] Read more
PM-KUSUM: Shakti Pumps Gets Rs. 12.42 Cr Order From MEDA Updated On Thu, Apr 3rd, 2025 by Saurenergy Indian solar pump manufacturer Shakti Pumps (India) Ltd. announced today that it has received a Letter of Award (LoA) from the Maharashtra Energy Development Agency (MEDA) for the installation of 445 off-grid Solar Photovoltaic Water Pumping Systems (SPWPS). In a regulatory filing, the company said the project will be implemented at various locations across Maharashtra […] Read more
CATL, Sinopec Join Hands To Build Battery Swapping Stations Updated On Thu, Apr 3rd, 2025 by Saurenergy Contemporary Amperex Technology Co. Ltd. (CATL) and China Petroleum & Chemical Corporation (Sinopec) have signed a cooperation framework agreement in Beijing, committing to a long-term partnership to develop a nationwide battery-swapping ecosystem. Under the agreement, the companies plan to complete at least 500 battery swap stations this year, with a long-term goal of reaching 10,000 […] Read more
Indian Railways Speeds Up Solar Installs, Lags Broader Targets Updated On Thu, Apr 3rd, 2025 by Saurenergy Indian Railways has so far installed about 209 MW of solar plants on 2,249 Railway stations and service buildings across the country . The Indian Railways Solar Power expansion reached 2,249 installations units with 1489 added in the last five years, 2.3 times more than 628 in the previous five years. Rajasthan Leads in Solar […] Read more
ACME Solar Secures ₹2,491 Cr Refinancing for 490 MW RE Projects Updated On Thu, Apr 3rd, 2025 by Saurenergy ACME Solar Holdings, a unit of the diversified ACME Group, has secured a Rs 2,491 crore long-term project finance facility for 18-20 years. The refinancing will help the company restructure its existing debt and lower financing costs for its 490 MW operational renewable energy projects across Andhra Pradesh, Rajasthan, and Punjab. The refinancing, secured from […] Read more
