Aptel Nod For CERC Jurisdiction In Case Between AP Discoms, SECI and Others Updated On Tue, Feb 13th, 2024 by Saurenergy In an interesting order, the Appellate Tribunal for Electricity (APTEL), has ruled on a dispute between the Andhra Pradesh discoms (Southern Power Distribution Company of Andhra Pradesh and Eastern Power Distribution Company of Andhra Pradesh) and the Central Electricity Regulatory Commission (CERC). The case involved a claim by SECI for GST compensation from the discoms, […] Read more
Top 5 Challenges for Solar Financing in India Updated On Mon, Feb 12th, 2024 by Saurenergy While the tide has clearly turned in favour of more and better financing for solar, it’s instructive to understand just why it was not happening till now. We listed down all the top reason cited by financiers, to build this list of top 5. Understanding Solar. A key issue is the limited understanding of solar […] Read more
ALMM Is Back, With Key Exemptions Updated On Sat, Feb 10th, 2024 by Saurenergy The Indian government has tried to strike a balance between key stakeholders with the restoration of the Approved List of Module Manufacturer (ALMM) conditions, albeit with some vital exemptions. In an order dated Feb 9, the Ministry for New and Renewable Energy (MNRE) confirmed that ALMM will be reimposed from April 1, 2024, after being […] Read more
CubicPV Blames Collapsing Prices To Abandon 10GW Solar Wafer Plant In US Updated On Fri, Feb 9th, 2024 by Saurenergy US solar cell and module manufacturer CubicPV has abandoned its plans for a 10GW solar wafer manufacturing facility in the US and is “restructuring” its business to focus on its tandem technology module development. Plans for the 10 GW facility to manufacture wafers using CubivPVs core silicon and perovskite technologies to provide semiconductor combination for […] Read more
The Pushback Against China’s Dominance In Solar Manufacturing Updated On Thu, Feb 8th, 2024 by Saurenergy Close on the heels of the European Solar Manufacturing Council (ESMC) virtually putting up its hands on the future of solar manufacturers in the continent comes news of US senators urging the Biden Administration to take action against ‘cheap” Chinese imports as well. The same Chinese imports have actually made solar more accessible and viable […] Read more
Rooftop Solar: Will PSUs Deliver For PM Suryodaya Yojana? Updated On Wed, Feb 7th, 2024 by Saurenergy The MNRE’s January 25 Office Memorandum, where it allocated states to specific PSUs for pushing the ambitious new Rooftop Solar targets, throws up some very interesting questions. With a target of 10 million households, and upto 3 KW of solar for each, the Pradhan Mantri Suryodaya Yojana is potentially a game changer, offering an opportunity […] Read more
January Power Market- IEX Reports Highest Ever Volumes, Green Power Slides Updated On Tue, Feb 6th, 2024 by Saurenergy Indian Energy Exchange (IEX), India’s leading electricity exchange, achieved the highest-ever total volumes in January 2024, reaching 10,893 million units (MU) – marking a 26.1% year-over-year increase. This volume comprises 9,137 MU from the conventional power market segment, 236 MU from the green market segment, and 15.20 lakh Renewable Energy Certificates (RECs) (equivalent to 1,520 […] Read more
With $500 million of Production Tax Credits, 600 MW Solar Project Moves Ahead In US Updated On Thu, Feb 1st, 2024 by Saurenergy Vesper Energy, a developer, owner, and operator of utility-scale renewable energy assets, has announced the closing of financing for its Hornet Solar project. The asset will deliver renewable energy to communities throughout Texas, provide grid stability, and mitigate price volatility in Electric Reliability Council of Texas (ERCOT) which provides power to the grid in the […] Read more
AGEL Unveils Cash Backed Plan For Redeeming $750 Million Debt Updated On Mon, Jan 29th, 2024 by Saurenergy Adani Green Energy Limited (AGEL) has announced the redemption plan for the USD 750 million 4.375 notes due 09 September 2024 (Holdco Notes). The outstanding amounts of the Holdco Notes shall be fully secured through cash balances set aside as part of various reserve accounts securing the Holdco Notes, eight months prior to the maturity. […] Read more
