Serentica Clinches $100 mn Loan for BALCO Solar Project Updated On Thu, Jun 5th, 2025 by Saurenergy Serentica Renewables has secured more than USD 100 million in external commercial borrowing (ECB) from Rabobank and Société Générale to develop a 300 MW solar project in Rajasthan that will supply power to Bharat Aluminium Company Ltd (BALCO), a subsidiary of the Vedanta Group. This marks Serentica’s second ECB deal, reinforcing the company’s push to […] Read more
Maruti Adds 30MWp Solar Projects At Two Haryana Sites Updated On Wed, Jun 4th, 2025 by Saurenergy Maruti Suzuki India Limited (MSIL) has expanded its solar capacity by 30MWp with two new solar projects across Haryana. The Company commissioned a 20MWp solar power project at its new facility in Kharkhoda, Haryana, and added another 10MWp solar capacity to its Manesar facility. With these additions, MSIL’s total solar capacity across its locations has […] Read more
APTEL Upholds ‘Change in Law’ Claims for O&M Expenses Updated On Wed, Jun 4th, 2025 by Saurenergy The Appellate Tribunal for Electricity (APTEL) has set aside a 2022 order of the Madhya Pradesh Electricity Regulatory Commission (MPERC) in a case concerning GST-related cost claims by ReNew Clean Energy Private Limited, an independent power producer (IPP). The tribunal ruled in favour of ReNew, recognizing the introduction of the Goods and Services Tax (GST) […] Read more
APTEL Partly Allows Solar Firm’s Plea In Safeguard Duty Dispute Updated On Tue, Jun 3rd, 2025 by Saurenergy The Appellate Tribunal for Electricity (APTEL) has partially allowed an appeal filed by Adyah Solar Energy Private Limited against the Karnataka Electricity Regulatory Commission (KERC) and various electricity supply companies, including Bangalore Electricity Supply Company Limited (BESCOM). The tribunal’s judgment, delivered on May 30, 2025, settles key disputes related to safeguard duties, integrated GST (IGST), […] Read more
India To Create 73 Lakh Green Jobs By FY28, 3.5 Crore By 2047 Updated On Tue, Jun 3rd, 2025 by Saurenergy India’s green sector is expected to add close to 7.29 million green jobs by FY28 and about 35 million new jobs by 2047, says a report from NLB Services. With a green economy on a trajectory towards $1 trillion by 2030 and $15 trillion by 2070, scaling green transformation is becoming a key priority for […] Read more
PM Surya Ghar: MNRE Invites Proposals For Innovative Projects Updated On Mon, Jun 2nd, 2025 by Saurenergy The Ministry of New and Renewable Energy (MNRE) has issued a call for proposals under the “Innovative Projects Component” of the PM Surya Ghar: Muft Bijli Yojana, inviting demonstrations of scalable technologies and business models to accelerate the adoption of rooftop solar (RTS) systems across India. The ministry is seeking pilot projects that showcase innovation […] Read more
SJVN Q4 Profit Slumps Despite Higher Revenue; FY25 Revenue Up 19% Updated On Fri, May 30th, 2025 by Saurenergy State-owned renewable energy SJVN Ltd reported a significant decline in fourth-quarter (Q4FY25) net profit despite a rise in revenue, while its full-year performance showed robust growth in top-line earnings. Revenue from operations rose 4.5% to ₹5,044 crore in the January-March quarter from ₹4,829 crore in the previous quarter. However, total income fell 4.2% sequentially to […] Read more
APTEL Restores 80MW Wind Power PPA For Wind Energy Firm Updated On Fri, May 30th, 2025 by Saurenergy In a significant ruling for renewable energy developers, the Appellate Tribunal for Electricity (APTEL) has set aside an Andhra Pradesh state regulator’s order that had upheld the termination of a large portion of a wind power agreement in Andhra Pradesh. The tribunal ruled in favour of Guttaseema Wind Energy Company Pvt Ltd, which operates an […] Read more
The Start Of The Energy Storage Era Has Arrived In India- SBI Caps Updated On Fri, May 30th, 2025 by Saurenergy Investment bank SBI Caps has released a new report on the evolving battery scenario in India. The report makes a number of observations and recommendations to ensure that the critical sector delivers on its promise. From cautioning against a rush towards reducing dependence on China, calling instead for a more calibrated approach, to increasing import […] Read more
