Waaree Energies Clears SEBI Hurdle, Set For IPO Updated On Tue, Sep 24th, 2024 by Saurenergy Mumbai-based solar PV module manufacturer, Waaree Energies has received the Securities and Exchange Board of India (SEBI) approval for its proposed initial public offering (IPO). The company hopes to raise a fresh issue of equity shares aggregating up to Rs 3,000 crore and an offer for sale of up to 3,200,000 equity shares with a […] Read more
Power Minister Calls RE Additions Inadequate, Case For Pushing Thermal Till 2035 Updated On Tue, Sep 24th, 2024 by Saurenergy Power Minister Manohar Lal made a strong case for India to push thermal power growth till 2035, due mainly to the inability of renewable capacity additions to fill the gap in demand. India’s peak power demand is projected to reach 458 GW by 2032, a number that cannot be met by even the planned 500 […] Read more
Sunsure Energy’s Contrarian Approach Pays Off Updated On Tue, Sep 24th, 2024 by Saurenergy Gurugram-based Sunsure Energy has made a virtue of what to many will appear to be a contrarian approach to business as a solar EPC and now, a developer (IPP). Founded in 2014 by Shashank Sharma (CEO), Sunsure Energy has 500 MW of assets under operation, 2.5 GW of renewable energy capacity under construction, and a […] Read more
US-India Launch $1 Bn Initiative To Build Clean Supply Chains Updated On Mon, Sep 23rd, 2024 by Saurenergy The United States (US) and India elevate and expand bilateral technical, financial, and policy support to enhance the complementary manufacturing capacity of clean energy technologies and components. This policy also lays the groundwork for enhanced cooperation and partnerships in Africa. The Strategic Clean Energy Partnership, led by the US Department of Energy and Indian government […] Read more
Hybrid Inverters Allowed Under PM Surya Ghar Scheme: MNRE Updated On Mon, Sep 23rd, 2024 by Saurenergy The Ministry of New and Renewable Energy (MNRE) recently released a document clarifying operational guidelines on the implementation of the PM Surya Ghar: Muft Bijli Yojana. The new clause widened the technologies included under the CFA offered to residential consumers. The new clause as per the latest document issued by the MNRE included additional technologies […] Read more
ICRA Sees FDRE, RTC Projects As Key Drivers Of India’s RE Growth Updated On Mon, Sep 23rd, 2024 by Saurenergy A recent report by the Investment Information and Credit Rating Agency (ICRA) foresees a rise in renewable energy capacity in the next six years in India. It is estimated that the share of renewable energy (RE), plus large hydro, in all-India electricity generation, will increase to over 35% in FY2030 from 21% in FY2024. ICRA […] Read more
CEA Approves 2.5 GW Of PSP Projects In Maharashtra Updated On Mon, Sep 23rd, 2024 by Saurenergy The Central Electricity Authority (CEA) has announced concurring two more Pumped Storage Projects (PSPs) in Maharashtra namely-1500 MW Bhavali PSP being developed by JSW Energy Ltd. and 1000 MW Bhivpuri PSP being developed by Tata Power Co. Ltd. These PSPs are concurred with the support of the Central Water Commission (CWC), Geological Survey of India […] Read more
LONGi Revenues Down 40% In H1 2024, Losses Climb To $760 Million Updated On Thu, Sep 19th, 2024 by Saurenergy LONGi Green Energy, one of the largest integrated solar manufacturers , has reported its H1 results. The results reflect the weakness in prices seen during the year, with the firm slipping into significant loses on a reduced turnover. All this, despite LONGi reporting shipment of over 78 GW of wafer, cells and modules. LONGi reported […] Read more
NTPC Green Energy plans $1.2 billion IPO Updated On Thu, Sep 19th, 2024 by Saurenergy State-owned NTPC’s green arm, NTPC Green Energy, has filed draft papers for an initial public offering (IPO) to raise about $1.2 billion (about ₹10,000 crore). NTPC Green Energy, floated in 2021, was set up with the express purpose of a dedicated approach to green energy capacity creation for NTPC, which has a target of 60 […] Read more
