ALMM On Solar Cells Can Push Tariffs By 50p/unit: CareEdge Updated On Fri, Dec 20th, 2024 by Saurenergy A latest report by CareEdge Ratings said that the imposition of an Approved List Of Models and Manufacturers (ALMM) for solar cells in India can push solar tariffs up by up to Rs 40 paise per unit to Rs 50p/unit. The Ministry of New and Renewable Energy (MNRE) has planned to bring in ALMM for […] Read more
BluPine Energy, Suprajit Partner To Procure Solar Power From Karnataka Project Updated On Fri, Dec 20th, 2024 by Saurenergy Gurugram-based BluPine Energy recently signed a long-term Power Purchase Agreement (PPA) with Suprajit Engineering to enhance its renewable power supply. Suprajit Automotive Private, the company’s subsidiary, entered into a Shareholders’ Agreement (SHA) with BluPine Energy Private Limited (BluPine) and Solarcraft Power India 26 Private Limited (Solarcraft 26). The company added, “The Share Subscription Agreement (SSA) […] Read more
HPERC Rolls Out Banking Regulation For Open Access Policy Updated On Fri, Dec 20th, 2024 by Saurenergy The Himachal Pradesh Electricity Regulatory Commission (HPERC) recently released an open access policy to allow connectivity and open access to electricity generated from green/renewable energy sources. It also includes energy generated from non-fossil-based waste-to-energy plants for use of the Intra-State Transmission System (InSTS) or the distribution system of the licensee(s) in the state or both. […] Read more
ACME Solar Commissions 1 GW Solar Projects In Rajasthan Updated On Thu, Dec 19th, 2024 by Saurenergy Haryana-based ACME Solar Holdings Limited (ASHL), has now commissioned its four ISTS-connected SECI projects. These solar projects aggregated to 1.02 GW are located in Jaisalmer, Rajasthan. They are part of a 1200 MW cluster spread over 4 projects. This achievement marks the commissioning of one of the largest single-location projects in India. The remaining capacity […] Read more
91,194 Tribal Households Electrified Under RDSS Scheme: Minister Updated On Thu, Dec 19th, 2024 by Saurenergy The latest data shared by Shripad Naik, Minister of State (MoS) for New and Renewable Energy, revealed that 91,194 Particularly Vulnerable Tribal Groups (PVTG) households have been electrified to date under the Revamped Distribution Sector Scheme (RDSS). This data includes the electrification of households under the state plan in three states, namely Gujarat, Odisha, and […] Read more
ADB Invests $10 Mn For Climate Tech Innovation In Sub-Saharan Africa Updated On Thu, Dec 19th, 2024 by Saurenergy The African Development Bank (ADB) recently announced a $10 million investment from its Sustainable Energy Fund for Africa (SEFA) into the Persistent Africa Climate Venture Builder Fund (ACV Fund). This funding envisions propelling climate technology entrepreneurship across Sub-Saharan Africa. This catalytic investment aims to unlock $70 million in funding for African climate-focused ventures. The ACV […] Read more
Prozeal, Kintech & SAEL Secure GUVNL’s 500 MW Solar Auction Updated On Thu, Dec 19th, 2024 by Saurenergy GUVNL recently announced seven winners of its 500 MW grid-connected solar power projects with an additional 500 MW greenshoe option. Under its Phase XXV auction, it allocated bids to S.B.B. Mouldings, Kintech Synergy, Enertech Fuel Solutions, Prozeal Green Energy, Ausom Enterprise, Drashta Green Power, and SAEL Industries. The tender for this project was released in […] Read more
High Solar Cell Price Can Push Up Tariffs For Developers: CRISIL Updated On Wed, Dec 18th, 2024 by Saurenergy The government’s move to extend the Approved Lists of Models and Manufacturers (ALMM) to solar cells from June 1, 2026, envisions accelerating solar cell manufacturing in India. An analysis by CRISIL Market Intelligence & Analytics estimates domestic capacity can make solar cells more than quadruple to 43-47 GW by June 2026 from 10 GW in […] Read more
Refex, LC Infra Collaborate For 150 MW MAHAGENCO Solar Project Updated On Wed, Dec 18th, 2024 by Saurenergy Tamil Nadu-based Refex Renewables & Infrastructure Limited recently incorporated LC Infra Solar LLP as its new step-down subsidiary. The new entity is designed to build a 150 MW solar power project. Maharashtra State Power Generation Co. Ltd. (MAHAGENCO) awarded this project to Refex. To develop this project, the company established the subsidiary through an initiative […] Read more