NTPC, Oil India Sign MoU for Boosting Renewable & Green Initiatives Updated On Fri, Sep 1st, 2023 by Saurenergy Indian power behemoth NTPC Limited and state-owned Oil India Limited have now signed a Memorandum of Understanding (MoU) for collaboration in the business of exploration, development and production of crude oil and natural gas. The agreement was recently signed between the government enteprises to explore collaboration in Renewable Energy, Green Hydrogen and its derivatives, geothermal […] Read more
Statkraft in Agreement with Biopharmaceutical Firm for Offtake of Energy from Wind Farms Updated On Wed, Aug 9th, 2023 by Saurenergy Norway’s International Power Producer Statkraft has entered into a PPA with Sweden’s biopharmaceutical firm AstraZeneca towards energy procurement from three wind farms in Sweden. The PPA is based on the commissioning of the new wind farms in Strömstad and Årjäng, which is in Sweden’s bidding area 3 (SE3). This is also where AstraZeneca’s research and […] Read more
C&I Segment: Group Captive Mode to Drive Installations in FY24-FY25-CareEdge Ratings Updated On Mon, Aug 7th, 2023 by Saurenergy A new report from CARE Ratings predicts sunny times for solar power through Group captive mode in India’s C&I segment. Commercial & Industrial (C&I) consumers in India have the option to purchase power either through a third-party power plant or through a captive/group captive power plant besides procuring power from the designated utility in their region. […] Read more
Hydrogen Project HyNCREASE in Germany Qualifies for European Grant Updated On Tue, Jul 18th, 2023 by Saurenergy The European Commission has picked out 41 projects to prepare grant agreements to enable firms dabbling in segments such as energy-intensive industries, hydrogen, renewable energy, and manufacturing components for energy storage and renewables. The EU has dedicated EUR 3.6 billion to enable the various firms to bring innovative technologies to the market. The grants are […] Read more
India Likely To Add 45 GW Of New Renewable Capacities By 2025: Report Updated On Fri, Jul 14th, 2023 by Saurenergy A latest report by CareEdge ratings claimed that India is likely to add 45 Gigawatt (GW) of new renewable energy capacities in the next two fiscals. The rating agency said the estimates were based on the healthy project pipeline and a strong bidding roadmap laid by the government. The report also sheds light on the […] Read more
GAIL Solicits Bids for Design of 10 MW Grid Connected Solar Power Plant Updated On Fri, Jul 14th, 2023 by Saurenergy GAIL has issued a tender for the design, engineering, procurement, supply, construction, erection, testing, commissioning, operation and maintenance of 10 MW (AC) solar photovoltaic grid-connected power plant at Vijaipur, Guna, Madhya Pradesh. The last day for submission of bids is July 19, 2023. Bids open on July 20, 2023. The EMD is INR 50.30 lakhs. […] Read more
NTPC & Meghalaya Join Hands for Floating Solar, PSPs Updated On Tue, Jul 11th, 2023 by Saurenergy Energy conglomerate NTPC Limited and the Meghalaya Government have entered into various agreements to augment renewable power in Meghalaya. The MoUs entail Power Portfolio Management Services (PMS) for Meghalaya DISCOM. The agreements will also pave the way for the establishment of Pump Storage Power Plants (PSPs), as well as floating solar projects in the state. […] Read more
Amp Energy India Chalks Out New Identity as Ampin Energy Transition Private Limited Updated On Mon, Jul 10th, 2023 by Saurenergy Amp Energy India, an energy transition platform and Renewable Energy IPP with a total portfolio of over 3 GW spread across 17 states in the country, has announced its rebranding as Ampin Energy Transition Private Limited. The firm says that the new identity reflects the firm’s commitment to accelerating the transition to renewable energy sources […] Read more
State Commissions Can’t Decide On Trade Margins In ISTS Projects: APTEL Updated On Mon, Jul 10th, 2023 by Saurenergy The Appellate Tribunal For Electricity (APTEL), in its latest judgment, ruled that State Commissions do not have the jurisdiction to take a call on the trade margins for Inter-State Transmission System (ISTS) power projects. The apex tribunal passed the order while hearing a case between the Solar Energy Corporation of India (SECI) against an impugned […] Read more
