Sprng Energy

Shapoorji Pallonji Inks Pact with KKR to Sell 5 Solar Assets for about $204 Mn

Shapoorji Pallonji Group’s infrastructure development arm, Shapoorji Pallonji Infrastructure Capital (SP Infra) has entered into the definitive sale agreements with KKR, a global investment firm, for its 5 operational solar energy plants with a capacity of 317 MWp in consideration of about Rs 15,540 million (~ USD 204 million). The development came after months of […]

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Siemens Gamesa Wins Order For 250 MW Solar Projects From Sprng Energy

Siemens Gamesa India has secured its largest solar energy project order of 250 MW from Sprng Energy. Siemens Gamesa India has secured its largest solar energy project order of 250 MW from Sprng Energy. According to the statement issued by the firm, the project will be developed in Anantapuram, Andhra Pradesh. Siemens Gamesa will provide […]

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Sprng Buys Shapoorji Pallonji’s 194 MW Operational Solar Assets

Shapoorji Pallonji Infrastructure Capital (SP Infra) has sold 194 MW of operating solar portfolio to Sprng Energy, a renewable energy platform in India by London-based private equity firm Actis.   The deal size has not been disclosed. However, media reports suggest that solar asset’s enterprise value is close to $200 Million or over Rs. 13.8 […]

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SECI Quashes 2000 MW Wind Power Tender as Infra Blues Repel Bidders

SECI’s decision axed bids submitted by Renew Power, Adani Green Energy, Sprng Energy and Alfanar Energy. Solar Energy Corporation of India (SECI) has cancelled a 2000 MW wind power tender owing to the under subscription for 800 MW of power auction. A senior government official told ET, “We have decided to cancel the tender since […]

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Andhra Solar Park Projects Saw Lowest Bid at Rs 2.7 Per Unit

Although the real auction took place last week, the reverse auction for 2,000 MW capacity discovered tariff of Rs 2.44 per unit. Under the reverse auction process, the companies backed by the financers from around the globe have seized the tenders to build 750 MW of solar power projects in Kadapa in Andhra Pradesh. The […]

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Solar Power Project Developers Urge MNRE to Defer Auctions

The non-issuance of rules and regulation related to the Inter-State Transmission System (ISTS) and General Network Access has worried developers. It has also caused uncertainty over grid connectivity for the renewable projects in the country. The lingering issue of transmission has prompted solar project developers to urge Ministry of New and Renewable Energy (MNRE) to […]

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Tariffs Drop at NTPC’s Solar Auction

All the winners include Sprng Energy, Ayana Renewable Power, and SB Energy Solar. The winners at the auction got 250 MW each. In a 750 MW auction conducted by NTPC for projects at Ananthapuram Solar Park in Andhra Pradesh the tariffs fell to Rs 2.72-2.73 per unit. All the winners include Sprng Energy, Ayana Renewable Power, […]

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