Open Access: MERC Disallows Discoms To Levy Cross Subsidy Surcharge Updated On Thu, Dec 28th, 2023 by Saurenergy The Maharashtra Electricity Regulatory Commission (MERC) in its latest judgment disallowed the local discoms of Thane in Maharashtra to levy Cross-Subsidy Surcharges (CSS) for open access consumers. The verdict from the state regulatory body came to the fore after Mindspace Business Parks Pvt Ltd (MBPPL) and Gigaplex Estate Pvt Ltd (GEPL) moved the MERC. Both […] Read more
MNRE Approved Bihar’s Proposal Under PM KUSUM (Comp-C): Minister Updated On Thu, Dec 28th, 2023 by Saurenergy The Ministry of New and Renewable Energy (MNRE) in its latest reply before the Parliament said that the ministry approved the proposal of Bihar under Component C of the PM-KUSUM scheme. MNRE Minister RK Singh in his written statement before the Lok Sabha said that the state had moved an application to the Centre seeking […] Read more
Suzlon Secures 300 MW Order For Its 3 MW Turbines From Apraava Energy Updated On Thu, Dec 28th, 2023 by Saurenergy Indian Wind Energy company Suzlon Group today announced a new order win for the development of a 300 MW wind power project for Apraava Energy Private Limited. Suzlon will install 100 wind turbine generators (WTGs) with a Hybrid Lattice Tubular (HLT) tower and a rated capacity of 3 MW each at the client’s site in […] Read more
Offshore Wind Projects Will Need Nod From 6 Ministries, Say Govt Rules Updated On Wed, Dec 27th, 2023 by Saurenergy The Ministry of External Affairs has notified the new rules to regulate the leasing mechanism for offshore wind projects in India. The new rules are called Offshore Wind Energy Lease Rules, 2023. The new rules of the ministry said that no person or entity should install offshore wind energy projects or offshore transmission projects without […] Read more
Ostro Energy Eligible For Compensation Due To Change In GST Rates: CERC Updated On Wed, Dec 27th, 2023 by Saurenergy The Central Electricity Regulatory Commission (CERC) in its latest judgement awarded compensation to Ostro Energy Private Limited, a renewable energy company. The compensation was awarded to it on account of surge in Goods and Services Tax (GST) after submitting its bid for a government project. As per the case details, Ostro Energy is a power […] Read more
JinkoSolar Becomes The First PV Firm To Get SBTi Validated Net-Zero Targets Updated On Wed, Dec 27th, 2023 by Saurenergy Global solar module manufacturer JinkoSolar has now become the first solar PV firm globally to get its net-zero targets validated with SBTi (Science Based Targets initiative). SBTi is a global body enabling businesses to set ambitious emissions reductions targets in line with the latest climate science. Additionally, it is the second company in mainland China […] Read more
Promoters To Invest Rs 9,350 Crore Equity In Adani Green Updated On Tue, Dec 26th, 2023 by Saurenergy Adani Green Energy Ltd (AGEL) announced that the Board of Directors of the firm have approved a preferential issuance of warrants to the Promoters of AGEL for a quantum of Rs 9,350 crore (equivalent to USD 1,125 million) at a per share price of Rs 1,480.75/share calculated basis SEBI ICDR regulations. The issuance is subject […] Read more
Revfin Secures $14 Million in Series B Funding Round Led by Omidyar Network Updated On Tue, Dec 26th, 2023 by Saurenergy Digital lending platform Revfin announced the successful conclusion of its Series B funding round, securing $14 million (115 crore). Omidyar Network spearheaded the round with a $5 million investment, joined by the Asian Development Bank (ADB), Companion Capital Limited, and existing investors Green Frontiers Capital and LC Nueva. This funding brings Revfin’s total capital raised […] Read more
Evolve Tender Specifications To Boost Indian Floating Solar Sector: World Bank Report Updated On Tue, Dec 26th, 2023 by Saurenergy A latest report by the World Bank on the state of India’s floating solar segment said that the country needed to evolve tender specifications to boost the sector. The report mentioned that while India has a 300 GW potential for floating solar, merely 350 MW of the technology could be deployed till now. The report […] Read more
