Green Market Achieves 372.4 MU In Oct Volumes on IEX, As Power Trading Grows 36% YOY Updated On Wed, Nov 3rd, 2021 by Saurenergy In October’21 the electricity market at the Indian Energy Exchange traded 9165 MU volume with 8792 MU in power market and 373 MU in green market, achieving 36% YoY growth, according to a release from IEX. (Indian Energy Exchange). After the mini-power crisis of September, the month also saw a temperance in trading prices, for […] Read more
RUMSL Tenders for 600 MW Omkareshwar Floating Project Updated On Wed, Nov 3rd, 2021 by Saurenergy After a lot of discussions and waiting, the 600 MW Omkareshwar reservoir floating solar plans are moving again. The Rewa Ultra Mega Solar Limited (RUMSL) has started the process by inviting bids to develop the grid connected ‘park’, which would easily be the largest of its kind in India. Till recently, the plant was in […] Read more
Beyond Net Zero at 2070. PM Modi Makes Key Promises For India At COP26 Updated On Tue, Nov 2nd, 2021 by Saurenergy Prime Minister Narendra Modi, in his speech at the COP26 Glasgow on November 1, did make a concession to activists demanding a net zero target from India. 2070. If that seems underwhelming (China has a commitment of net zero by 2060), then you might miss the really important part of his promises. The 500 GW […] Read more
At G20 Summit Session PM Modi Puts Focus Squarely On Funding Updated On Mon, Nov 1st, 2021 by Saurenergy Addressing an issue that the developed world has increasingly shied away from, and considered a major responsibility of the historicalcally high emitters among them, Prime Minister Narendra Modi put the focus squarely back on funding in his speech at the G20 session on Climate Change and Environment. Coming just ahead of the COP 26 summit […] Read more
Clean Energy Index Launched In Bloomberg, Goldman Sachs Collaboration Updated On Thu, Oct 28th, 2021 by Saurenergy Bloomberg and Goldman Sachs Asset Management have announced the launch of the Bloomberg Goldman Sachs Global Clean Energy Index. Designed with the energy expertise at both firms, the index is a modified free float-adjusted market capitalization weighted index tracking the performance of over 175 global equities with significant business exposure to the clean energy sector. […] Read more
Power Minister R.K. Singh Kicks Off GDAM Market In India Updated On Tue, Oct 26th, 2021 by Saurenergy R K Singh, Union Minister of Power & New and Renewable Energy, launched the new market segment, Green Day Ahead Market (GDAM) on October 25. The start of this market, combined with free ISTS for renewable energy projects and Open access permissions within 15 days should be a paradigm shift for the market, according to […] Read more
IREDA Opens PLI Bids. Solar Manufacturing Likely To Get Some New Names Updated On Tue, Oct 26th, 2021 by Saurenergy The Solar PLI manufacturing bids have finally been opened by the Indian Renewable Energy Development Agency (IREDA). And the results are really interesting. Not only have relatively new players bid more aggressively making it tougher for incumbents to qualify, but it also sets the stage for a really interesting domestic market. The Solar PLI scheme […] Read more
ISA Assembly Concludes With Trillion Dollar Pledge For 2030 Updated On Fri, Oct 22nd, 2021 by Saurenergy The fourth General assembly of the International Solar Alliance (ISA) concluded on October 21 with a pledge to achieve the 1 trillion dollar funding target for creating new solar capacity by 2030. Presided by Union Power and New and Renewable Energy Minister R.K. Singh, who is also the President of the General assembly, the funding […] Read more
Key Highlights From SECI’s RFS for Battery Storage Systems Updated On Thu, Oct 21st, 2021 by Saurenergy SECI’s release of the RFS document inviting submissions for Pilot Projects of 500 MW/1000MWh Standalone Battery Energy Storage Systems in India finally gets the process started on this critical aspect of the future for renewable energy. We bring you some key highlights from the document. At the outset, the RFS, for the first time acknowledges […] Read more
