Power Consumption Rises 1.3 % to 34.23 B Units in First 10 Days of Dec Updated On Mon, Dec 13th, 2021 by Saurenergy India’s power consumption grew by 1.3 per cent in the first ten days of this month from December 1 to 10 to 34.23 billion units (BU) over the same period a year ago, according to power ministry data. In 2020, power consumption was 33.78 BU during December 1 to 10. In the entire month of December […] Read more
India’s Journey Towards Clean Energy Transition in 2022: Stepped Approach Updated On Mon, Dec 6th, 2021 by Saurenergy By Vishnu Sudarsan, J Sagar Associates Decarbonize, digitise and decantrise is the new mantra for India’s energy transition roadmap. PM Modi’s Paris pledge has given a shot in the arm for the country’s transition plan towards clean energy and to achieve the goal of greening the economy. It provides certainty and visibility to a clean […] Read more
KSERC Approval for 300 MW Solar Buy Exposes Multiple Challenges Facing SECI, Developers Updated On Wed, Nov 17th, 2021 by Saurenergy In an order dated November 15, 2021, the Kerala state electricity regulatory commission (KSERC) finally allowed the state discom, Kerala State Electricity Board (KSEB) to procure 300 MW of Solar power from SECI from its tranche IX solar tenders, at a cost of Rs 2.44/kWh including trading commission. While many will see the order as […] Read more
MSEDCL Tenders for 1250 MW Of Solar Under State Scheme Updated On Mon, Nov 1st, 2021 by Saurenergy Close on the heels of its tender for vendor empanelment for 200 MW of solar rooftop capacity across the state, the Maharashtra State Electricity Distribution Company Limited (MSEDCL) has invited bids to procure 1,250 MW of solar power from projects developed in various districts of Maharashtra. The bids are under the state’s own Mukhyamantri Saur […] Read more
REC Raises 5 Year Loan Of $75 million From SMBC Updated On Thu, Oct 21st, 2021 by Saurenergy In a first for any NBFC in India, REC Limited has successfully raised a USD 75 million, 5-year Secured Overnight Financing Rate (“SOFR”) linked Syndicated Term Loan on October 7, 2021, with Sumitomo Mitsui Banking Corporation (SMBC), Singapore Branch appointed as the sole Mandated Lead Arranger and Bookrunner. Along with the loan, REC has also […] Read more
Why Prices Skyrocketed at the Power Exchange: IEEFA Updated On Wed, Sep 29th, 2021 by Saurenergy With electricity demand in India recently peaking, a new report by the Institute for Energy Economics and Financial Analysis (IEEFA) explores the supply and demand conditions that led to recent price spikes in the evening peak hours, starting in August through to September 2021. Electricity demand in India has peaked and dropped markedly as the […] Read more
Mitsubishi, Amazon to Build 450 Solar Plants Totalling 20 MW in Japan Updated On Thu, Sep 9th, 2021 by Saurenergy Japanese trading company Mitsubishi Corporation has signed a long-term corporate power purchase agreement, through which it will supply electricity to data centres owned and operated by online retail giant Amazon’s subsidiary Amazon Web Services. Facilitated by MC Retail Energy Co., Ltd., this corporate PPA represents Amazon’s first use of renewable energy in Japan. Under the agreement’s […] Read more
Developing Energy Storage Key for India’s Decarbonisation, finds Study Updated On Thu, Sep 2nd, 2021 by Saurenergy In order to achieve its target of 450 GW of wind and solar by 2030, India’s wind and solar capacity must grow 20% year-over-year between 2022 and 2030. Developing energy storage is a key avenue for increasing India’s power system flexibility and the share of renewables and ultimately enabling India’s decarbonisation, finds a new study by the […] Read more
“The Whole Ethos of the Company is Energy Independence”, Sunpower Renewables Updated On Mon, Aug 30th, 2021 by Saurenergy As the energy market continues to open up In India, it’s throwing up a number of opportunities for firms. One such firm is Australia based Sunpower Renewables, which has focused on storage based solutions using Lithium Ion batteries. Starting with a simple solar lantern back in 2016, the firm today is offering an array of […] Read more
