Government Confirms 25 GW Solar Cell Capacity Among Nine Firms In India Updated On Thu, Feb 13th, 2025 by Saurenergy India at present has around 25 GW of installed solar PV cell manufacturing capacity, according to the Solar PV Manufacturers Associations, the All India Solar Industries Association (AISIA) and the North India Module Manufacturer Association (NIMMA). The data was shared by Pralhad Joshi, the minister of New and Renewable Energy And Consumer Affairs & Food […] Read more
Prostarm Info Gets In-Principle Approval From SEBI To Launch IPO Updated On Thu, Feb 13th, 2025 by Saurenergy Navi-Mumbai-based pan-Indian power solution products company, Prostarm Info Systems has received in-principle approval from market regulator, Securities Exchange Board of India (SEBI) to launch its initial public offering (IPO). The issue comprises a fresh issue of up to 1,60,00,000 Equity Shares of face value ₹10 each and will be listed on BSE and NSE. Choice […] Read more
China’s Renewable Sector Enters New Era with Market-Driven Pricing Updated On Wed, Feb 12th, 2025 by Saurenergy China’s National Development and Reform Commission (NDRC) and the National Energy Administration (NEA) recently issued a joint notice outlining measures to deepen the pricing reform for electricity generated from renewable sources. The reform focuses on three key areas: allowing market forces to determine renewable power prices, creating a pricing and settlement mechanism that supports long-term […] Read more
ONGPL Acquires Ayana in Landmark INR 19,500 Renewable Energy Deal Updated On Wed, Feb 12th, 2025 by Saurenergy India’s largest oil and gas producer Oil and Natural Gas Corp (ONGC) and nation’s biggest power company NTPC acquired renewable energy firm Ayana through their joint venture ONGC-NTPC Green Pvt Ltd (ONGPL), for an enterprise value of INR 19,500 crore (USD 2.3 billion). ONGPL has signed a share purchase agreement with the current stakeholders National […] Read more
Green Stocks Feb 12: A Brake On The Slide? Updated On Wed, Feb 12th, 2025 by Saurenergy On a day when the markets gyrated wildly, a late recovery in the markets couldn’t quite pull all the beaten down green stocks back. While the wind energy firms in our pack did end in the green, it was the solar manufacturers that made the most of the recovery ad well. For the developers and […] Read more
Gensol Q3-9 Month Revenues Up 42% Updated On Wed, Feb 12th, 2025 by Saurenergy Gensol Engineering Limited, one of the oldest players in the renewable energy sector specializing in solar engineering, procurement, and construction (EPC) services, along with electric mobility solutions, announced its unaudited consolidated financial results for the quarter & nine months ended December 31st, 2024 (Q3 & 9M FY25). Consolidated Financial Summary: Particulars (₹ in Crore) Q3 […] Read more
India’s Solar Exports Drop from $1,969 Mn To $782.11 Mn Updated On Wed, Feb 12th, 2025 by Saurenergy Solar PV module exports from India have evolved over the last few years. In FY 2021-22, the value of exports of solar PV modules was around 83 million USD, which rose to around 1,969 million USD in FY 2023-24. As of FY 2024-25 (till November 2024), solar PV modules worth around 782.11 million USD have […] Read more
Ola Electric Claims Improvement In EV Servicing Time Updated On Wed, Feb 12th, 2025 by Saurenergy Bhavish Aggarwal-led Ola Electric has claimed that its average serving time has shrunk with time. The firm now expects to further augment its servicing quality. This comes after the company faced several backlash from its customers over higher servicing timing. In a latest investors call, the company briefed its investors about the latest development. “Our […] Read more
MoP Sets New Bidding Guidelines for Pumped Storage Projects Updated On Wed, Feb 12th, 2025 by Saurenergy The Ministry of Power (MoP) has introduced a new set of rules to promote the development of Pumped Storage Plants (PSPs). The government’s latest norms aim to provide a standardized procurement framework based on open competitive bidding. They also establish clear risk-sharing mechanisms among various stakeholders. The government’s latest notification applies to developers and procurers […] Read more
