Adani’s New Energy Arm In Trade Finance Facility For $394m Updated On Fri, Jul 28th, 2023 by Saurenergy Adani New Industries Limited (ANIL) ecosystem has announced the raise of a trade finance facility of USD 394mn (INR 3,231 Cr) from Barclays PLC and Deutsche Bank AG for securing working capital requirements of its integrated solar module manufacturing facility. ANIL, a wholly owned subsidiary of Adani Enterprises Ltd, is building an ecosystem of one […] Read more
Adani Green Wins Battle At TNERC With Tangedco On Tariff Applicability Updated On Mon, Jul 24th, 2023 by Saurenergy In an order dated July 20, the Tamil Nadu Electricity Regulatory Commission (TNERC) has ruled in favour of Kamuthi Renewable Energy Ltd., a subsidiary of Adani Green Energy Limited in a case involving a dispute with TANGEDCO on the applicable tariff for a 75 MW project at Kamuthi. Tangedco, in an order September 2016, had […] Read more
Adani Green’s RE Capacities Grew 43% in Q1 on YoY Updated On Fri, Jul 14th, 2023 by Saurenergy Adani Green Energy Limited (AGEL), the renewable energy arm of Adani Group, increased its renewable energy capacities by 43 percent in Q1 on a Year-On-Year (YoY) basis. While it added 5,800 MW of renewable power in Q1 of FY23, it increased its capacity to 8,316 in Q1 of FY 24, reporting a 43 percent rise […] Read more
Amplus Solar Signs $3.2 Million Deal with AirTouch for Robotic Cleaning Updated On Mon, Jul 10th, 2023 by Saurenergy Amplus Solar, a distributed energy firm that provides low-carbon clean energy solutions to commercial and industrial customers, has entered into an agreement with AirTouch Solar. The deal is valued at $3.2 million. AirTouch Solar is an Israel-based firm that offers water-free, robotic cleaning system for solar panels. The agreement will pave the way for AirTouch […] Read more
Spinkraft Ventures & Roofsol Join Hands for 60 MW Solar Inverter Contract with Wattpower Updated On Fri, Jul 7th, 2023 by Saurenergy Spinkraft Ventures Private Limited and Roofsol Energy Pvt Ltd have joined hands for a supply contract with a capacity of 60 MW. The agreement has been forged with Wattpower Systems Pvt. Ltd. The contract will pave the path for the delivery of inverters and components that convert solar panel-generated direct current (DC) into alternating current […] Read more
CERC Orders Compensation for Adani Subsidiary Over ‘Change of Law’ Events Updated On Mon, Jul 3rd, 2023 by Saurenergy The Central Electricity Regulatory Commission (CERC), in its latest order, directed the Solar Energy Corporation of India (SECI) and other related entities concerned to compensate Adani Solar Energy Jodhpur Four Private Limited, a Special Purpose Vehicle (SPV) of Adani Green Energy. The order came to the fore after the SPV moved a petition before the CERC […] Read more
Gautam Solar Contracts Jinchen to Double Solar Module Capacity to 1 GWp Updated On Mon, May 29th, 2023 by Saurenergy Solar panel manufacturer, Gautam Solar, has collaborated with Chinese high tech enterprise Jinchen with the objective of increasing its production of solar modules. An agreement has been signed at the 16th International Conference and Exhibition on Photovoltaic Power Generation and Smart Energy (SNEC) that is being held in Shanghai, China. Under the terms of the […] Read more
Adani Green’s 130 MW Wind Project Commissioned in Gujarat Updated On Fri, May 26th, 2023 by Saurenergy A subsidiary of Adani Green Energy, Adani Wind Energy Kutchh Five Limited (AWEK5L), has achieved the commissioning of a 130 MW wind project in Gujarat. The plant has been established at Kutchh. The firm has signed a power purchase agreement (PPA) of 130 MW with Solar Energy Corporation of India (SECI). The agreement has been […] Read more
Adani Green Energy Q4 Results Strong, Net Profit Rises 319 Percent Updated On Wed, May 3rd, 2023 by Saurenergy The Adani Groups green energy development arm, Adani Green Energy has announced a rise of 319 per cent in consolidated net profit to Rs 507 crore for the Q4 quarter ended March 2023. This corresponds to a net profit of Rs 121 crore in the corresponding quarter last fiscal. Other key numbers on the EBITDA […] Read more
