NTPC Postpones 2 GW Solar Auction Citing Opposition to Safeguard Duty Updated On Tue, Aug 7th, 2018 by Saurenergy The NTPC put-off on the auction process was prompted by the concerns of bidders over the impact of safeguard duty on imports on their present financial frameworks. State-run National Thermal Power Corporation (NTPC) has postponed a 2000 MW solar tender for a week citing developers’ dissent over the 25 percent safeguard duty imposed on solar […] Read more
Ind-Ra Upgrades Mytrah Energy from ‘IND-BBB’ to ‘IND-A’ Updated On Mon, Aug 6th, 2018 by Saurenergy The rating agency has upgraded Mytrah’s long-term credit rating from ‘BBB’ TO ‘A-‘ and short term rating from ‘A3’ to ‘A2+’. A leading wind energy service provider in India, Mytrah Energy (MEIPL) has received a higher credit rating from the chief market analyst India Ratings and Research (Ind-Ra). The rating agency has upgraded Mytrah’s long-term […] Read more
Rico Autos foresees Rs 2,000 crore turnover by 2020 Updated On Mon, Aug 6th, 2018 by Saurenergy Gurugram based auto parts maker Rico Auto Industries has claimed the procurement of orders worth 1,200 crore from electric vehicles manufacturers. Following a three-way future growth strategy, the company expects revenue of Rs. 1,500 crore in the FY 2018-19 and a turnover of Rs. 2,000 crore in the following year. In order to reach this […] Read more
Introduction to Floating PV Plant Updated On Mon, Aug 6th, 2018 by Saurenergy Renewable energy sources are of prime importance as they would power our future. Solar energy power plant which utilises the sun’s energy needs adequate space for installation. It is a well-known fact that out of the 510 million Km2 surface area of earth, a mere (appx.) 29% is covered with land. Additionally (at some locations) […] Read more
Talks to Sell 51% Stake of Hong Kong’s GCL to State Collapses Updated On Mon, Aug 6th, 2018 by Saurenergy The failed developments for the sale of stake of GCL to SEG also led shareholders to a negative intuition about the company’s future reliability thereby forcing a share-sell. World’s leading solar panels materials maker, GCL Poly Energy is expected to face high selling pressure on its share market on the back of the collapsed talks […] Read more
With High Debts of Rs 370 Cr, Su-Kam to Face Auctions Updated On Sat, Aug 4th, 2018 by Saurenergy In April 2018, the tribunal admitted Su-Kam to be a Non-Productive Asset (NPA). In November 2017, SBI, owing to the high debts, had referred Su-Kam to the National Company Law Tribunal (NCLT) for bankruptcy proceedings. In April 2018, the tribunal admitted Su-Kam to be a Non-Productive Asset (NPA). Now up for bidding, Su-Kam has a […] Read more
Government Adopts ‘Integrate to Innovate’ Agenda for Energy Startups Updated On Sat, Aug 4th, 2018 by Saurenergy The programme will offer energy startups an opportunity to bring their ideas to life with the guidance and support from corporates. As per Ministry of Commerce and Industry, India’s investment promotion agency, Invest India has joined hands with energy sector companies to offer a unique lab-to-market opportunity for Indian energy startups through the Integrate to […] Read more
EDF Renewables and PGGM Enter Sale and Purchase Agreements Updated On Sat, Aug 4th, 2018 by Saurenergy EDF Renewables will remain a 50 percent co-owner and provide management as well as operations and maintenance services. EDF Renewables has signed two sale and purchase agreements which will authorize PGGM Infrastructure Fund to acquire a 50 percent ownership interest in the following projects: Glacier’s Edge Wind and Valentine Solar. The transaction for the acquisition […] Read more
Utah’s Vivint Solar to Bring Low-Cost Solar Panels to Illinois Updated On Fri, Aug 3rd, 2018 by Saurenergy Marking the company’s first expansion into the Midwest region, Vivint Solar plans to create over 100 jobs in the state within the year. Utah based residential solar solutions provider, Vivint Solar plans to expand availability of its affordable residential solar energy systems into Illinois, with services beginning in the greater Chicago area. Marking the company’s […] Read more
