Gujarat: GERC Upholds Uniform Power Tariff for State Discoms Updated On Thu, May 29th, 2025 by Saurenergy The Gujarat Electricity Regulatory Commission (GERC) has rejected a petition seeking separate electricity tariffs for the state’s four government-run distribution companies, ruling that the existing uniform tariff structure is justified under current circumstances. The petition, filed by the Utility Users’ Welfare Association and a consumer rights advocate had urged the Commission to direct Gujarat Urja […] Read more
Sterling & Wilson Wins 225 MW Gujarat Solar Project Updated On Thu, May 29th, 2025 by Saurenergy Mumbai-based Sterling and Wilson Renewable Energy Limited (SWREL), a domestic renewable energy power company, has emerged as the L1 bidder in a tender by a leading public sector undertaking (PSU) developer for a turnkey EPC package for the development of a 225 MW (AC) grid-connected solar PV Project in Gujarat, India. Speaking on the order […] Read more
Green Stocks May 28: Stocks In Consolidation Mode Updated On Wed, May 28th, 2025 by Saurenergy Consolidation mode for what, you may ask? A breakout, or a collapse? We believe past performance has pretty much ruled out the possibility of the latter, leaving investors hopeful of solid returns from the green pack at some stage this year. Today, it was the green energy developers that had a good day, with all […] Read more
OCI Energy, CPS, LG Energy Vertech Partner On Storage Project Updated On Wed, May 28th, 2025 by Saurenergy Texas-based OCI Energy LLC (OCI Energy) and CPS Energy, along with LG Energy Solutions’ U.S. energy storage division, LG Energy Solution Vertech, signed a Memorandum of Understanding (MOU), to collaborate on their Alamo City Battery Energy Storage System (Alamo City BESS) project. The joint effort, formalized during a ceremony in Seoul, South Korea, where the […] Read more
India’s Electricity Demand to Grow 6-6.5% Over Five Years: ICRA Updated On Wed, May 28th, 2025 by Saurenergy India’s electricity demand is expected to grow at a compound annual growth rate (CAGR) of 6.0–6.5% over the next five years, supported by rising consumption from electric vehicles (EVs), data centres and green hydrogen projects, ratings agency ICRA said. For FY2026, ICRA projects demand growth at 5.0–5.5%, lower than the estimated GDP growth of 6.5%. […] Read more
FY25: Electric Bus Maker Olectra Reports 77% Surge In Profit Updated On Wed, May 28th, 2025 by Saurenergy Electric bus manufacturer Olectra GreenTech Ltd. has reported a strong financial performance for the fiscal year ending March 2025, marked by significant year-on-year (YoY) growth across key financial metrics. According to the company’s latest financial disclosures submitted before the exchanges, its revenue from operations rose to ₹1,801.89 crore in FY25, up from ₹1,154.13 crore in […] Read more
Engie Gets Financial Closure For 200 MW Khavda Solar Project Updated On Wed, May 28th, 2025 by Saurenergy French energy company ENGIE has achieved financial closure for its upcoming 200 MW solar project in Khavda, Gujarat, in partnership with MUFG Bank Ltd. and Crédit Agricole CIB. The project is being developed through ENGIE’s subsidiary, Enren-II Energy Private Limited. It is expected to generate approximately 550 GWh of electricity annually and avoid over 1,650 […] Read more
Gujarat: ACME Solar Commissions Its Maiden Wind Power Project Updated On Wed, May 28th, 2025 by Saurenergy ACME Solar Holdings Ltd has commissioned the first phase of its maiden wind power project at Shapar, in Gujarat, adding 26.4 MW to its operational capacity as part of the planned 50 MW ACME Pokhran wind project. With the latest addition, ACME’s total operational capacity has increased from 2,705 MW to 2,731.4 MW. The project […] Read more
EV Push Powers E-3W Growth, E-2W Adoption Stagnates at 4%: IEEFA Updated On Wed, May 28th, 2025 by Saurenergy India’s electric mobility journey revealed a nuanced landscape where policy effectiveness varies across vehicle segments and market maturity stages, according to an IEEFA report. Its report, “From Incentives to Adoption: A Decadal Review of India’s EV Subsidy Effectiveness” found the electric three-wheeler (E3WC) segment growth demonstrates how well-designed state policies can effectively complement central initiatives, […] Read more
