GPS Renewables Secures Rs 411.50 Crore Debt-Financing Updated On Thu, Apr 18th, 2024 by Saurenergy Bengaluru-based clean energy firm, GPS Renewables has successfully secured Rs 411.50 crore in debt financing. This funding was sourced from a consortium of major banks and financial institutions, according to a statement by GPS Renewables. Tilak Minocha, the Chief Finance Controller of GPS Renewables, emphasised that the new funds would significantly enhance their capabilities to […] Read more
Avaada Energy Wins 250 MW Solar-Wind Hybrid Project From NTPC Updated On Thu, Apr 18th, 2024 by Saurenergy Indian renewable energy company Avaada Energy recently announced winning a 250 MW solar-wind hybrid power project in a tender issued by the National Thermal Power Corporation (NTPC). Earlier, NTPC had issued a tender for the selection of hybrid power generators to supply 1000 MW of power through ISTS-connected wind-solar hybrid projects. Avaada Energy secured a 50 […] Read more
CleanMax, Apple Partner To Accelerate Renewable Adoption In India Updated On Thu, Apr 18th, 2024 by Saurenergy Renewable energy company–CleanMax (Clean Max Enviro Energy Solutions) today announced a joint venture with Apple. As part of the partnership, Clean Max has successfully installed 14.4 MW of rooftop solar installations across six industrial sites in India. These installations are expected to mitigate around 207,000 tons of carbon dioxide (CO2) emissions throughout their operational life. By […] Read more
Sterling & Wilson Renewable Shines Among Green Stocks Updated On Tue, Apr 16th, 2024 by Saurenergy On a day when the broader sensex still fell by over 0.5%, many of the green energy stocks in our tracker made a smart recovery as sentiment continued to favour their prospects over any looming risk currently. While Waaree Continued its now predictable run to the upper circuits, EPC player Sterling and Wilson Renewable made […] Read more
Could Interest Rates Trip Up India’s Renewables Push? Updated On Tue, Apr 16th, 2024 by Saurenergy Since April started, India’s renewable sector has presented an observer with two contrasting camps. On one side are solar module, and some cell manufacturers, who look forward to good times with the tightening of restrictions on Chinese imports. On the other are the developers, the first few of whom have already started indicating the risk […] Read more
Elections 2024: Renewables Take Center Stage In Political Parties’ Manifestos Updated On Mon, Apr 15th, 2024 by Saurenergy The leading Indian political parties have now come out with their party manifestos for the upcoming Parliament (Lok Sabha) elections. Some of them have now also promised their consumers access to increased renewable power too. This comes months after the BJP-led Union government announced PM Surya Ghar Muft Bijli Yojana which has already been rolled […] Read more
While Waaree Continues Gravity Defying Climb, Other Renewable Stocks Dragged Down April 15 Updated On Mon, Apr 15th, 2024 by Saurenergy 10 out of the 11 renewable stocks in our basket dropped today, usually falling more than the market, thanks to the sharp run up the category has seen in prices. The outlier as usual was Waaree Renewable technologies, which recovered smartly from the morning volatility to be back at the 5% upper circuit. The fall […] Read more
India Creates New Record By Adding 18.5 GW Of Renewables In 2023-24 Updated On Wed, Apr 10th, 2024 by Saurenergy India created a new milestone in 2023-24 by adding one of the highest-ever additions of renewable energy in the country. The latest statistics shared by the Ministry of New and Renewable Energy (MNRE) revealed that during the last fiscal year, the country added a total of 18.5 GW of total renewable power, thanks to a […] Read more
Tata Power Stock Powers On In Renewable Pack On April 9 Updated On Tue, Apr 9th, 2024 by Saurenergy On a day when the markets corrected mildly, the renewable pack reflected markets sentiments, albeit with much more volatility. Heavyweight Tata Power was the standout, moving 3.39% during the day to Rs 430.40. Solar Pump leader Shakti Pumps, fresh from a successful QIP, was back in the green, moving up 2.3% to Rs 1474. All […] Read more
