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
GREW Solar Set To Establish 3 GW Solar Cell, Module Unit In MP Updated On Tue, Feb 11th, 2025 by Saurenergy GREW Solar, a Chiripal Group venture, is poised to establish a three-stage backward integrated manufacturing unit in Bhopal for solar module production. The company is committed to investing Rs. 3000 crores for the project. Located at Narmadapuram (near Bhopal-MP), the facility spans over a total area of 60 acres. The project is projected to have […] Read more
Kerala Plans To Take Up Study To Solarise Public Buildings Updated On Tue, Feb 11th, 2025 by Saurenergy The Kerala government has planned to solarise a large number of government buildings. It said that it has plans to solarise public buildings ranging from anganwdi centers to industrial units in the state. This comes at a time when the southern state has planned to become carbon neutral by 2050. The government said that it […] Read more
Vadodara Municipal Corporation Issues 4 MW Rooftop Solar Tender Updated On Tue, Feb 11th, 2025 by Saurenergy Vadodara Municipal Corporation has invited a tender to commission and undertake the comprehensive Operations and Maintenance (O&M) of a 4 MW rooftop solar power plant for 10 years. The rooftop solar plant will be installed on various municipal buildings. The municipal corporation has sought bids for the project until February 27, 2025. The tender mentioned, […] Read more
45% Of Households Benefit From CFA Under PM Surya Ghar: MNRE Updated On Fri, Feb 7th, 2025 by Saurenergy The Union Minister of New and Renewable Energy (MNRE) has shared details of the households that benefitted through the installation of rooftop solar plants. When asked about the number of rooftop solar installations done under the PM Surya Ghar Muft Bijli Yojana (PMSGMBY) till now, the minister stated, “ Under the PM Surya Ghar: Muft […] Read more
Prozeal Set To Supply 24.40 MWp Solar Power To Aarti Drugs Updated On Tue, Feb 4th, 2025 by Saurenergy Mumbai-based Aarti Drugs has tied up with Prozeal Green Energy to procure solar power through a captive arrangement. The company announced the collaboration in a regulatory filing, stating, “Aarti Drugs, a manufacturer of Active Pharmaceutical Ingredients (APIs) and Pharma Intermediates, has entered into a share subscription and shareholders’ agreement with Prozeal Green Power and Pro-Zeal […] Read more
Inox Wind Q3 FY25: Revenue Up 96%, EBITDA Jumps 192% YoY Updated On Sat, Feb 1st, 2025 by Saurenergy Inox Wind Limited (IWL), a wind energy solutions provider announced a strong show for its financial results during the quarter ended December 31, 2024. In the quarter, the company’s order execution increased 82% YoY to 189 MW. The company’s revenue increased 96% year-over-year (YoY), and its EBITDA also grew 192% YoY. IWL’s order book stood […] Read more
News In Brief Jan 31: Torrent Power, EU’s Cross-Border Energy Infrastructure, Meta, Zelestra Agreement Updated On Fri, Jan 31st, 2025 by Saurenergy Torrent Power Commissions 300 MW Solar Project In Gujarat Torrent Power Limited subsidiary, Torrent Saurya Urja 2 Private Limited (TSU2) has received a certificate from the Gujarat Energy Development Agency certifying the commissioning of a 300 MW solar project w.e.f. December 15, 2024. The Gujarat Energy Development Agency-certified solar power plant has come into full […] Read more
News In Brief: TotalEnergies 75MW Deal, ENGIE’s Saudi Plans, KPI Green In 300 MW Solar Deal Updated On Thu, Jan 30th, 2025 by Saurenergy TotalEnergies and STMicroelectronics In 75 MW Green Energy Deal French energy major TotalEnergies and STMicroelectronics have signed a Power Purchase Agreement (PPA) to supply renewable electricity to STMicroelectronics sites in France. This 15-year contract, started in January 2025, represents an overall volume of 1.5 TWh of power supply.TotalEnergies will provide STMicroelectronics, an integrated device manufacturer, […] Read more
