CERC Order Against Avaada Energy in 100MW Project Leaves Key Issues hanging Updated On Mon, Jan 20th, 2020 by Saurenergy Last Week, in an order dated January 13th , 2019 the Central Electricity Regulatory Commission (CERC) ruled against Avaada Energy in a petition it had brought against SECI (Solar Energy Corporation of India). The order, while dismissing a plea by Avaada to stay the cancellation of a PSA (Power Sales Agreement) it had with SECI […] Read more
Welspun Enterprises Completes Sale of its 15.4% stake in Welspun Energy for around Rs 286 Crore Updated On Thu, Mar 9th, 2017 by Saurenergy This deal is another step in the company’s business re-organisation efforts in order to create value for its stakeholders by enhancing focus on core businesses, the Welspun Group Company said in a filing to BSE. Welspun Enterprises Ltd (WEL) has announced that it has completed the sale of its 15.4 per cent stake in Welspun […] Read more
Tata Power Renewable Energy signs SPA to acquire Welspun Renewables Energy Updated On Mon, Jun 13th, 2016 by Saurenergy Tata Power Renewable Energy Limited (“TPREL”), a 100% subsidiary of Tata Power, has signed a Share Purchase Agreement (SPA) with Welspun Energy (“WEPL”) to acquire its subsidiary Welspun Renewables Energy Private Limited (“WREPL”). It is estimated to be Rs 9,500 crore ($1.4 billion) deal. This is one of the largest transactions in renewables space in […] Read more
ABB India, Welspun Energy reach 700MW of installed solar PV in India Updated On Wed, Apr 6th, 2016 by Saurenergy Supplier of solar photovoltaic (PV) inverters ABB and developer Welspun Energy today announced that together they have installed about 700 MW of solar photovoltaic projects across several states in India. It includes a key project of 52 MW on PPP (pubic-private partnership) for Maharashtra State Generation Company at Baramati. “By setting up large scale solar […] Read more
