SolarEdge Earns $431.5 M Revenues from Solar in Q2 FY21 Updated On Wed, Aug 4th, 2021 by Saurenergy SolarEdge, an Israel-headquartered photovoltaics company, has announced its financial results for the second quarter ended June 30, 2021. The company reported $431.5 million of revenues from the solar segment, up 39% from $310.1 million in the year-ago period. “We are happy to finish the second quarter of 2021 with record revenues in both our solar and non-solar businesses […] Read more
APTEL Orders Rs 8.40/unit Payment to Karnataka Developer, Reversing KERC Order Updated On Wed, Aug 4th, 2021 by Saurenergy In a major win for developer Clearsky Solar Private Limited (CSPL), the Appellate Tribunal for Electricity (APTEL) has ruled in favour of the solar developer and directed Gulbarga Electricity Supply Company Limited (GESCOM) to pay it compensation on account of delays in the commercial operation of a solar project in Karnataka. The present ruling came […] Read more
As Renew Solar Withdraws, 2 New Licences Issued for Power Trading Updated On Mon, Aug 2nd, 2021 by Saurenergy The Central Electricity Regulatory Commission (CERC) has issued three new orders pertaining to trading licences, approving Renew Solar’s surrender of its ‘Category IV’ inter-state trading licence and granting new ‘Category V’ inter-state trading licences to energy firms Shubheksha Advisors and Reneurja Power. In 2017, Renew Solar Services Private Limited was granted licence for Category IV to […] Read more
BHP, TransAlta to Build $54 M Solar+Storage Project in Western Australia Updated On Mon, Aug 2nd, 2021 by Saurenergy Anglo-Australian mining company BHP and its power partner in the Goldfields, TransAlta, are to build two solar farms and a battery storage system to help power the Mt Keith and Leinster nickel mines in Western Australia. This will help BHP reduce emissions from electricity use at Mt Keith and Leinster by 12 per cent, based […] Read more
CI NMF Commits $100 M to RE Investments with Amp Energy India Updated On Mon, Aug 2nd, 2021 by Saurenergy RE-focussed fund management company Copenhagen Infrastructure Partners (CIP) has signed an investment agreement through its Copenhagen Infrastructure New Markets Fund I (CI NMF) with Amp Energy India Private Limited. The agreement enables joint equity investments in excess of USD 200 million in renewable energy projects in India, with the potential for future expansion. Amp India […] Read more
OMERS Infrastructure to Pay $219 M for 19.4% Stake in Azure Power Updated On Mon, Aug 2nd, 2021 by Saurenergy Canada-based OMERS Infrastructure recently announced that it has signed a Stock Purchase Agreement to acquire from International Finance Corporation and IFC GIF Investment Company I an approximately 19.4% stake in Azure Power Global Limited, for a total consideration of approximately US$219 million. Founded in 2008, Azure Power is a leading independent renewable power producer located […] Read more
Trade-led Solar PV Deployment Likely to Create 40 M Jobs by 2050: Study Updated On Mon, Aug 2nd, 2021 by Saurenergy A new joint report by International Renewable Energy Association (IRENA) and World Trade Organisation (WTO) examines how trade policies can support cost reductions, deployment of components & job creation in the solar PV sector. The report entitled “Trading into a Bright Energy Future: The Case for Open, High-quality Solar Photovoltaic Markets” finds, among other things, that trade-led solar […] Read more
CESL Signs Agreement with HPCL to Set up EV Charging Infra Updated On Fri, Jul 30th, 2021 by Saurenergy Convergence Energy Services limited (CESL), a wholly owned subsidiary of Energy Efficiency Services Limited (EESL), has signed an agreement with Hindustan Petroleum Corporation Limited (HPCL) for setting up of charging infrastructure in select retail outlets in several cities across the country. Spanning 10 years, the agreement entails CESL and HPCL to jointly undertake setting up […] Read more
AEMO Plans 5 Energy Scenarios for Net Zero Latest by 2050 Updated On Fri, Jul 30th, 2021 by Saurenergy The Australian Energy Market Operator (AEMO) has published its “2021 Inputs, Assumptions and Scenarios Report” (IASR) incorporating five future energy scenarios which will inform AEMO’s 2022 Integrated System Plan (ISP). One of these scenarios, Hydrogen Superpower, comprises a zero emissions grid by 2035. The five scenarios are Slow Change, Steady Progress, Net Zero 2050, Step Change, […] Read more
