Home » Daily Newsletter » The Return of Reverse Auctions For Wind Energy- Bad News Or Normalcy?
Following reports that the government has instructed leading PSU energy developers to return to the reverse auction mechanism for wind energy tenders, SaurEnergy tried to check the veracity of the claim. Without coming on record, it appears that a communication has been sent to that...
Prime Minister Narendra Modi virtually dedicated four power stations of SJVN to the nation. These projects included the 60 MW Naitwar Mori hydropower station project in Uttarakhand, 75 MW Parasan solar power station, 75 MW Gurhah solar power station, and 50 MW Gujrai solar power...
Singareni Collieries Company Limited (SCCL) is planning to set up about 800 MW solar plants on huge reservoirs. The Chairman and Managing Director of SCCL said Saturday that the company would set up about 800 MW solar plants on huge reservoirs with the approval of...
Gujarat-based renewable energy company Adani Green Energy Limited (AGEL) operationalized an incremental 448.95 MW solar power projects at Khavda, Gujarat. Together with an earlier intimation of projects, dated February 14, 2024, AGEL aggregated to 1,000 MW solar power projects that are operationalized at Khavda, Gujarat....
Renewable Energy sector company, Rays Power Infra announced it has acquired three significant solar projects with a combined capacity of 520MWp. The company’s latest ventures into the renewable markets of Gujarat and Assam mark its operational expansion to 14 states throughout India. "These projects are...
Tata Power Solar Systems Limited (TPSSL), a wholly-owned subsidiary of Tata Power Renewable Energy Limited (TPREL), has announced the renewal and expansion of its partnership with Union Bank of India (UBI) to offer financing solutions for Residential customers, in line with the PM Surya Ghar...
The Solar System Integrators Association (TSSIA) hosted a business meeting on 2nd March in Noida regarding initiatives undertaken by the government such as PM Suryoday Yojana. The event was sponsored by Urja Sathi (Solar E-Commerce Portal), Delhi Solar, SHS Energies, and EVVO. The event aimed...
Surat Municipal Corporation released a tender for the supply, installation, and commissioning of SETC of a 6.3 MW capacity wind energy project in Gujarat. The tender for the wind power plant along with all accessories and power evacuation facilities and operation and management (O&M) of the...
Union Minister for Steel and Civil Aviation, Jyotiraditya M. Scindia, today virtually inaugurated India's 1st green hydrogen plant in the stainless steel sector located at Jindal Stainless Limited in Haryana's Hisar. The inauguration witnessed the presence of the Secretary, of the Ministry of Steel Nagendra...
The Indian Energy Exchange, India’s premier electricity exchange, achieved 9,462 MU overall volume in February’24, marking a 15.4% year-over-year increase. The Market Clearing Price in Day Ahead Market during February ‘24 was Rs. 4.93/unit, down approximately 26% year-on-year, due to increased sell liquidity. The sell...
NGEL (NTPC Green Energy Ltd) has signed a joint venture (JV) agreement with Uttar Pradesh Rajya Vidyut Utpadan Nigam Limited (UPRVUNL) for development of renewable power parks in the state. The JV was signed on 4th March 2024 at UPRVUNL’s office at Lucknow for development...
Lucknow-based Urja Sathi, a sustainable energy-tech platform for buying and selling renewable energy solutions in India, has raised seed funding of INR 3.5 Million from entrepreneurs-cum-investors Ankitt Jain and Sharlee Jain. This marks Urja Sathi’s maiden fundraising round; prior to this, the startup had remained bootstrapped since its...
The Maharashtra State Road Development Corporation (MSRDC) will be establishing a solar power generation project along the Samruddhi Mahamarg that connects Mumbai and Nagpur. According to media reports, several offices of MSRDC will be embedded with solar panels in Mumbai, Pune, Nashik, and Aurangabad. Further,...
Stainless steel company Jindal Stainless Ltd (JSL) will invest Rs 700 crore over the course of the next three years regarding renewable energy projects. According to media reports, this will be done to reduce its carbon footprint, including the embedded emissions across its offerings. Media...
Gensol Group Company, Matrix Gas & Renewables Limited, has raised Rs 350 crore in the pre-IPO round. With the current capital raise, Matrix is now well positioned to accelerate its growth initiatives towards expanding market share for the gas aggregation business, acquiring City Gas Distribution...
Garden Reach Shipbuilders & Engineers Ltd. (GRSE) a warship building company in India, and the Indian Register of Shipping (IRS) signed a Memorandum of Understanding (MoU) on the development of green energy and autonomous vessels. IRS under the administrative control of the Ministry of Defence...
Tata Motors recently flagged off its next-generation, green-fuel-powered commercial vehicles to Tata Steel. The company has been developing and manufacturing innovative mobility solutions powered by alternate fuel technology, including battery electric, CNG, LNG, Hydrogen Internal Combustion Engine, and Hydrogen Fuel Cell technology. It showcased the...
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