No Viability Gap Funding Released For BESS In FY25: Govt Updated On Fri, Apr 4th, 2025 by Saurenergy The Ministry of New and Renewable Energy (MNRE) said that it has not issued any viability gap funding (VGF) for battery energy storage system in FY25. The Union Cabinet approved the Viability Gap Funding (VGF) scheme for Battery Energy Storage Systems (BESS) on September 6, 2023, to support sector development. Under the scheme guidelines, 10% of […] Read more
FY 25: IEX Registers 121 Billion Units of Power Traded Updated On Fri, Apr 4th, 2025 by Saurenergy In its March update, Indian Energy Exchange, has achieved its highest ever electricity traded volume of 121 BUs in FY’25, registering an increase of 19% Year-Over-Year (YoY). IEX also recorded the highest-ever yearly trade of RECs in FY’25. A total of 178 lakh Renewable Energy Certificates were traded during the year, marking a 136 % […] Read more
Green Stocks April 3- Stocks Shrug Off Tariff Noise To Enjoy A Breather Updated On Thu, Apr 3rd, 2025 by Saurenergy On a day when the markets struggled to decide just how bad US tariffs on India could be, immediately or in the long term, the immediate consensus seems to be business as usual. Thus, most of our green energy stocks with an overwhelmingly domestic focus did relatively well today, save for Waaree Energies, which is […] Read more
Credence Gets BIS Certification For 730Wp TOPCon Modules Updated On Thu, Apr 3rd, 2025 by Saurenergy Indian solar module manufacturer Credence Solar has received Bureau of Indian Standards (BIS) certification for its latest 730Wp TOPCon-based solar modules, the company announced in a media statement. With this milestone, Credence Solar joins a select group of Indian manufacturers certified for producing some of the country’s most efficient solar panels. The company told Saur […] Read more
Avaada Slips Up As CERC Upholds Cancellation Of Connectivity in MP Wind Projects Updated On Thu, Apr 3rd, 2025 by Saurenergy The Central Electricity Regulatory Commission (CERC), in an order dated March 30 involving Avaada Energy and Central Transmission utility (CTUIL), passed an order that censures both the parties involved. For Avaada, the blow is heavier because the CERC eventually upheld the decision of the CTUIL to cancel the connectivity license accorded to Avaada for its […] Read more
ACME Solar Secures ₹2,491 Cr Refinancing for 490 MW RE Projects Updated On Thu, Apr 3rd, 2025 by Saurenergy ACME Solar Holdings, a unit of the diversified ACME Group, has secured a Rs 2,491 crore long-term project finance facility for 18-20 years. The refinancing will help the company restructure its existing debt and lower financing costs for its 490 MW operational renewable energy projects across Andhra Pradesh, Rajasthan, and Punjab. The refinancing, secured from […] Read more
Green Stocks April 2: Stocks Sway To Analyst Views Updated On Wed, Apr 2nd, 2025 by Saurenergy The markets stood up to the threat of US tariffs today, as the details of potential impact will slip in through the evening. However, some of our green stocks, notably two key solar manufacturing firms in the form of Waaree Energies and Premier Energies were tripped up by a report from Bernstein, which predicted margin […] Read more
Debmalya Sen takes Over As President, IESA Updated On Wed, Apr 2nd, 2025 by Saurenergy The India Energy Storage Alliance (IESA), a leading industry alliance focused on accelerating energy storage, green hydrogen, and e-mobility adoption in India has announced the appointment of Debmalya Sen as its new President. He will resume the charge immediately. Founded in 2012, by Customized Energy Solutions (CES), IESA’s vision is to make India a global […] Read more
Swaraj Tractors, Mahindra To Build Punjab’s Largest Solar Captive Project Updated On Wed, Apr 2nd, 2025 by Saurenergy Swaraj Tractors, a division of Mahindra Group, has partnered with Mahindra Susten, the Group’s clean-tech arm, to develop Punjab’s largest solar group captive project—a 26-megawatt (MW) solar installation in Bathinda district. The project, developed by Mahindra Susten, will supply renewable energy to four Swaraj Tractors manufacturing facilities in Mohali and Dera Bassi. It is expected […] Read more
