Saur Energy International
13th December 2022
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RENEWABLES NEWS

MSEDCL Discovers Price of Rs 9.0/kWh in 250 MW Solar with Storage Tender

The 250 MW solar project power purchase auction for the Maharashtra State Electricity Distribution Company (MSEDCL) has concluded Ayana Renewables Power Private Limited (ARPPL) and NTPC Renewable Energy as the winners. MSEDCL's decided opening tariff was 9.65/kWh, while the awarded capacity tariff was 9.0/kWh. Ayana...

ib solar

Energy Conservation Amendment Bill Passed By RS, Active Carbon Markets A Step Closer

The Energy Conservation (Amendment) Bill has finally been passed by the Rajya Sabha after introduction by MNRE Minister R K Singh. The Bill that was passed in August 2022 in the Lok Sabha, seeks to amend the Electricity Conservation Act 2001. The new law paves...

NTPC Allocates 5 GW to Green Hydrogen, Ammonia from its 2032 RE Targets

State-owned power provider NTPC anticipates the employment of 5 GW of its 60 GW green portfolio objective by 2032 in the green hydrogen and ammonia market, according to Mohit Bhargava, Chief Executive Director of NTPC REL.  As far as the hydrogen business is concerned, NTPC...

Novasysgreen

Indian Renewable Energy Sector Has Potential For $10 Bn Investment in 2023

India could draw close to $10 billion in renewable energy investment in 2023, which would be a positive given that public markets are still mostly closed to large-scale capital raising, according to Bank of America Corp's top management. As investors aim to reflect the energy...

Current Issue

Costs Related to REC Certificates Hiked 2x to 10X By CERC

In an order dated Dec 9, the Central Electricity Regulatory Commission has accepted the demand of the National Load Despatch Centre (NLDC), the designated entity for registration and issuance of REC (Renewable Energy Certificates) to increase charges linked to the certificates. NLDC had submitted that...

Adani Group Signs Agreement with Australia’s CRT for Electrolyser Technologies

Australia-based Cavendish Renewable Technology (CRT) has announced the signing of a Technology Development and Licensing Agreement with Adani New Industries Limited (ANIL). ANIL is owned by the Adani Group. The official statement by CRT held that the agreement includes infrastructure costs for further development of...

NIIFL Signs Agreement with Tamil Nadu for Renewable Energy Projects

The National Investment and Infrastructure Fund Ltd (NIIFL) has announced that it has signed an MoU with the Tamil Nadu Infrastructure Development Board (TNIDB) to attract investment in infrastructure development in the southern state. This will also include attracting commercial capital in the renewable energy...

KREDL Floats Tender for 2 MW Solar Plant with 4.5 MW Storage System

Karnataka Renewable Energy Development Limited (KREDL) has invited a Request for Proposal (RFP) for the supply of a 2 MW (AC) Solar PV Power Plant (2.2 MWp DC) with 4.5 MWh Battery Energy Storage System having 12 years Plant O&M at Pavagada Ultra Mega Solar...

Solar EPC Firm KPI Green Energy Gets New Orders for 24.9 MW Projects

KPI Green Energy - the solar vertical of Gujarat based KP Group - has announced that the company has received new orders for the development of solar power projects under the captive power producer (CPP) segment from seven entities. The renewable energy company has informed...

Mahindra CIE Automotive Takes 27% Stake in Captive Power Developer Strongsun Solar

Automotive component maker and supplier Mahindra CIE Automotive has said that it has invested Rs 2.42 crore in Strongsun Solar. Mahindra has made the investment through a subscription of 3,03,250 equity shares of Rs 10 each of Strongsun Solar which will constitute 27.35% of the...

South Africa Secures 975 MW of Solar Energy PPAs in 5th Tender

South Africa seems to be gaining speed on renewables. The country has authorized power purchase agreements (PPAs) for a capacity of 975 MW of renewable energy projects under the ongoing Renewable Energy Independent Power Producer Procurement Programme (REIPPPP). The official statement of the government read,...

Germany Offers EUR 112 Mn Euros to Kenya for Renewables, Hydrogen

The German government is mulling to provide EUR 112 million or $118 million to Kenya to help the East African nation develop its renewable energy sector further and achieve 100% renewable energy faster. The funds being offered will also help Kenya for the manufacturing of...

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