CERC Amends Indian Electricity Grid Code Rules Updated On Fri, Oct 25th, 2024 by Saurenergy The Central Electricity Regulatory Commission (CERC) recently issued amendments to the Indian Electricity Grid Code, originally released in 2023. These adjustments address various aspects of grid operation, including timeframes for power injection, scheduling of generation, compensation mechanisms, and revisions in scheduling flexibility. One amendment specifies limits on the injection of infirm power, or power generated […] Read more
ADB Approves $434.25 Mn Loan To Setup Solar Facility In Assam Updated On Fri, Oct 25th, 2024 by Saurenergy The Asian Development Bank (ADB) recently approved a $434.25 million loan to increase renewable energy capacity and improve energy security in the state of Assam, India. “Addressing the renewable energy capacity shortage in Assam is crucial to meet growing demand and reduce dependency on fossil fuels,” said ADB Principal Energy Specialist Jiwan Acharya. “This project […] Read more
Q2 Results: JSW Energy Reports Marginal Surge In Net Profits Updated On Fri, Oct 25th, 2024 by Saurenergy JSW Energy Limited today reported its results for the quarter (“Q2 FY25” or the “Quarter”) ended September 30, 2024. Key Highlights of Q2 FY25 Operational: Net Generation increased 14% YoY at 9.8 BUs driven by wind capacity additions, higher generation at thermal and hydro plants Total RE generation is up by 14% YoY at 5.0 […] Read more
Saudi Arabia Shortlists Bidders for 3.6GW Solar Projects Updated On Fri, Oct 25th, 2024 by Saurenergy The Saudi Power Procurement Company (SPPC) has announced a shortlist of bidders for its fifth round of tenders under the National Renewable Energy Programme (NREP), aimed at boosting the country’s solar energy capacity. This round targets 3.6GW of solar photovoltaic (PV) capacity across four projects. Bids for these projects were initially disclosed in February, and […] Read more
Green Stocks Oct 24: Wind Energy Gets Respite As Slide Continues Updated On Thu, Oct 24th, 2024 by Saurenergy Pressure continued on green stocks, despite the record breaking performance of the big daddy, Waaree Energies IPO. The dichotomy could perhaps be explained by the sheer amount of interest in the Waaree IPO, which seems to have sucked a lot of liquidity out for applications to the IPO. As refunds pour in by next week, […] Read more
ARENA Funds Australia’s First Community-Led Electrification Trial Updated On Thu, Oct 24th, 2024 by Saurenergy Australian Renewable Energy Agency (ARENA), and its partners Brighte, Rewiring Australia and Endeavour Energy, are set to electricity 500 households in New South Wales, in a new project announced recently announced by the organization. ARENA is providing $5.4 million in funding for the “Electrify 2515 Community Pilot” to support the electrification of 500 homes in […] Read more
More Indian Module Makers To Setup Manufacturing Centers In US Updated On Thu, Oct 24th, 2024 by Saurenergy The interest of Indian solar modules is now rising to invest in the United States (US) in the solar business. Bolstered by the hand-holding support of the government there to support the domestic production of solar cells and solar modules in the country, the investments in US in the sector is set to rise. This […] Read more
Australia Set To Add 1.6GWh Of Energy Storage Project Updated On Thu, Oct 24th, 2024 by Saurenergy Sunwoda Energy has signed a partnership and collaboration agreement with Gryphon Energy during the All-Energy Australia 2024 event, committing to .6GWh energy storage project. The signing ceremony featured Rob Mailler, Director of Gryphon Energy, and Terry Yuan, General Manager of Global Business of Sunwoda Energy. Located in Queensland, this project will become one of Australia’s […] Read more
Q3 Results: GE Vernova Falls Short On Offshore Wind, Hits Onshore Targets Updated On Thu, Oct 24th, 2024 by Saurenergy GE Vernova Inc., a US-based wind energy company, secured $1.7 billion in orders in the third quarter ending September 30, 2024. The company reported a 19% organic decrease, attributing the drop to lower Onshore Wind equipment orders outside of North America. GE Vernova generated $2.9 billion in revenue, down 1% organically. Losses increased due to […] Read more
