ReNew To Go Private? Key Investors Make Offer Updated On Thu, Dec 12th, 2024 by Saurenergy ReNew Energy Global, which got listed at the NASDAQ exchange in the US through the SPAC route back in 2021, could well go private next year, if its biggest investors, including founder Sumant Sinha have their way. A consortium with voting rights of 64% have offered to take the company private at $7.07 per share, […] Read more
Time to Worry In India? Chinese PV Firms In Production Control Agreement To Stem Losses Updated On Mon, Dec 9th, 2024 by Saurenergy Over 30 of the top Solar PV firms in China are said to have signed up for a program of self-discipline at the China Photovoltaic Industry Association’s annual meeting last week. Taking a stated cue from OPEC ( The organisation of petroleum exporting countries), the world’s oldest existing cartel, the Chinese PV firms are setting […] Read more
Canadian Solar Third Quarter Results- Net Loss at $14 Million Updated On Fri, Dec 6th, 2024 by Saurenergy Leading Solar and storage firm Canadian Solar has released its third quarter results. Total module shipments recognized as revenues in the third quarter of 2024 were 8.4 GW, up 2% quarter-over-quarter (“qoq”) and 1% year-over-year (“yoy”). Of the total, 31 MW were shipped to the Company’s own utility-scale solar power projects. Net revenues in the […] Read more
Cheap Solar and Expensive Power- Pakistan’s Sobering Experience So far Updated On Wed, Nov 27th, 2024 by Saurenergy Readers will be aware that we have occasionally tracked the growth of solar in Pakistan here. What has been interesting is the fact that the country, while performing poorly at an institutional level, has seen the kind of solar boom that would rival almost any country elsewhere over the past year and more. Reports claim […] Read more
SaurEnergy Explains- The Solar Tender At the Centre of Adani’s US Controversy Updated On Mon, Nov 25th, 2024 by Saurenergy By now, a lot has been written about the charges brought at a US district court against key names in the Adani group, besides Azure power. While those charges will be contested no doubt by the firms as already announced, it is a good time to understand just what tender it was where allegations of […] Read more
China Seeks a fix For PV Overcapacity With New Norms Updated On Fri, Nov 22nd, 2024 by Saurenergy With its world leading PV sector hit by losses in the past year, China’s Ministry of Industry and Information Technology is focusing on what it can control, to try and nurse the sector back to health. We saw last week how export incentives on solar products were reduced last week in perhaps a signal to […] Read more
Why The NTPC Green Energy IPO Could Be A Turning Point For Green Energy Related IPOs Updated On Thu, Nov 14th, 2024 by Saurenergy After a journey of over two years, the NTPC Green Energy IPO is finally here. It is interesting that despite the long anticipation and preparations behind this mega Initial Public Offering (IPO) of Rs 10,000 crores ($1.18 billion), the latest IPO still gives one a feeling of a rushed effort, thanks to the many exemptions […] Read more
Starting Jan 1, China’s Grid to Prioritise Renewable Energy, By Law Updated On Wed, Nov 13th, 2024 by Saurenergy China’s first Energy law comes into effect on January 1, 2025, and promises to change the energy markets in many ways from the beginning. The law, meant to support the transition to green energy in an orderly way, among many other things, will introduce many new rules and processes for the energy market. According to […] Read more
APTEL Order Adds Clarity On Treating Open Access Demand By Grid Operators Updated On Thu, Nov 7th, 2024 by Saurenergy In an order last week that will add a dash of clarity on how discoms treat demand from open access customers, the APTEL bench has ruled to set aside an order from MSEDCL where it had denied the open access quantum to a group of customers of Sai Wardha Power Generation Limited. MSEDCL had lost […] Read more
