Global Push for Energy Efficiency Targets Faces Hurdles, Progress Stagnates Updated On Mon, Nov 11th, 2024 by Saurenergy At the 2023 COP28 summit, nearly 200 countries agreed to double the global rate of energy efficiency improvements by 2030. This decision highlights energy efficiency as a critical part of the clean energy transition. However, one year later, progress remains slow, with improvements in energy efficiency showing only a modest increase of about 1% in […] Read more
CERC Amends Indian Electricity Grid Code Rules Updated On Fri, Oct 25th, 2024 by Saurenergy The Central Electricity Regulatory Commission (CERC) recently issued amendments to the Indian Electricity Grid Code, originally released in 2023. These adjustments address various aspects of grid operation, including timeframes for power injection, scheduling of generation, compensation mechanisms, and revisions in scheduling flexibility. One amendment specifies limits on the injection of infirm power, or power generated […] Read more
Q2 Results: JSW Energy Reports Marginal Surge In Net Profits Updated On Fri, Oct 25th, 2024 by Saurenergy JSW Energy Limited today reported its results for the quarter (“Q2 FY25” or the “Quarter”) ended September 30, 2024. Key Highlights of Q2 FY25 Operational: Net Generation increased 14% YoY at 9.8 BUs driven by wind capacity additions, higher generation at thermal and hydro plants Total RE generation is up by 14% YoY at 5.0 […] Read more
Saudi Arabia Shortlists Bidders for 3.6GW Solar Projects Updated On Fri, Oct 25th, 2024 by Saurenergy The Saudi Power Procurement Company (SPPC) has announced a shortlist of bidders for its fifth round of tenders under the National Renewable Energy Programme (NREP), aimed at boosting the country’s solar energy capacity. This round targets 3.6GW of solar photovoltaic (PV) capacity across four projects. Bids for these projects were initially disclosed in February, and […] Read more
JSW Energy Signs 700 MW Solar Power Agreement with SECI Updated On Wed, Oct 23rd, 2024 by Saurenergy JSW Renew Energy Eleven Limited, a subsidiary of JSW Energy Limited, has signed a Power Purchase Agreement (PPA) with Solar Energy Corporation of India Limited (SECI). The agreement covers the supply of 700 MW of solar energy through the Inter-State Transmission System (ISTS). This capacity was awarded under SECI’s Tranche XIII program. The power will […] Read more
CERC Takes Into Account PSPs, Offshore Wind, Changes Transmission Rules Updated On Mon, Oct 21st, 2024 by Saurenergy The Central Electricity Regulatory Commission (CERC) has made changes to the rules about how costs are shared for using the Inter–State Electricity Transmission System (ISTS) These new rules have been named CERC (Sharing of Inter-State Transmission Charges and Losses) (Fourth Amendment) Regulations, 2024. For power plants that connect to both the national (inter-State) and local […] Read more
Gensol and Matrix Gas Launch India’s First Green Steel Facility Updated On Mon, Oct 21st, 2024 by Saurenergy Gensol Engineering Limited and Matrix Gas & Renewables have partnered to establish India’s first and largest Green Steel production facility. This facility will utilize 100% Green Hydrogen for production. The project is one of three pilot projects sanctioned under the National Green Hydrogen Mission. MECON, the Ministry of Steel, and the Ministry of New and […] Read more
JSW Neo Energy Limited to Acquire Hetero Group RE Portfolio Updated On Mon, Oct 21st, 2024 by Saurenergy JSW Neo Energy Limited (JSWNEL), a wholly owned subsidiary of JSW Energy Limited, signed definitive agreements this week, to acquire three Special Purpose Vehicles (SPVs) from Hetero Labs Limited and Hetero Drugs Limited (Hetero Group). These SPVs collectively hold a cumulative wind energy generation capacity of 125 megawatts (MW). The transaction is subject to the […] Read more
Avaada Energy Secures Rs 597 Crore Refinancing for PV Projects Updated On Wed, Oct 16th, 2024 by Saurenergy Avaada Energy, a subsidiary of the Avaada Group, has secured Rs 597 crore ($71.1 million) in refinancing for its commercial and industrial (C&I) solar projects. These projects are located in Karnataka and Maharashtra. The refinancing was provided by NIIF Infrastructure Finance Limited (NIIF IFL), an infrastructure debt fund focused on refinancing operational infrastructure projects. Avaada’s […] Read more
