MYSUN Raises $4.2 Mn; Plans for another $35 Mn Funding in Few Quarters Updated On Wed, Apr 29th, 2020 by Saurenergy MYSUN, a Delhi based rooftop solar installer, on Wednesday said it has raised USD 4.2 million (or Rs 32 crore) from its existing investors in a structured equity deal as a part of its Pre-Series A round. Besides this USD 4.2 million funding, the rooftop solar installer is also looking to raise another round of […] Read more
India’s Electricity Demand to Shrink 1%, Discoms Losses to Rise by Rs 200 Bn: ICRA Updated On Wed, Apr 29th, 2020 by Saurenergy Amidst the lockdown imposed across the country due to coronavirus, the demand slowdown is likely to lead to a de-growth of 1.0 percent in electricity demand for the full year of FY2021, as predicted by a leading credit rating agency, ICRA. The rating agency analysed after considering the full lockdown till May 3, 2020, partial […] Read more
Is Solar Market At Risk of Shutting Out Competition? Updated On Wed, Apr 29th, 2020 by Saurenergy With the Coronavirus pandemic taking a heavy toll on renewable players also, it is interesting to see how the market is panning out in India. No one could have missed the frenetic efforts by the Ministry of new and Renewable Energy (MNRE), under whom the sector falls, to ensure obstacles are removed. And obstacles have […] Read more
Average Spot Price Remains at Rs 2.36 Low During Lockdown Updated On Wed, Apr 29th, 2020 by Saurenergy The average spot power price has remained as low as Rs 2.36 per unit on the IEX during the lockdown period so far, which began last month The average spot power price has remained as low as Rs 2.36 per unit on the Indian Energy Exchange (IEX) during the lockdown period so far, which began […] Read more
UPCL Floats Tender for Supply of 900 Solar Meters Updated On Tue, Apr 28th, 2020 by Saurenergy Dehradun-based Discom, Uttarakhand Power Corporation Ltd (UPCL) has floated a tender for the supply of a total number of 900 single-phase (10-60A) whole current solar meters with box. The last date and time for submission of bid is May 27, 2020, at 5 p.m. Also, the estimated cost of tender is Rs 19.80 lakh, and […] Read more
CERC Extends Validity of RECs till October 31, 2020 Updated On Tue, Apr 28th, 2020 by Saurenergy Power sector regulator CERC has ordered the extension of validity of Renewable Energy Certificates (RECs) till October 31, 2020. The Central Electricity Regulatory Commission (CERC) in its order stated that the validity of RECs which expired or are likely to expire between April 01, 2020, and September 30, 2020, is extended up to October 31, […] Read more
Discoms’ Dues to Gencos Surges 31% to Rs 92,674 Cr in Feb Updated On Tue, Apr 28th, 2020 by Saurenergy The outstanding dues of power distribution companies (Discoms) to power generation companies (Gencos) grew by 31.1 percent to Rs 92,674 crore in February 2020, which reflected the continued stress in the power sector. As per the Government of India’s PRAAPTI portal (Payment Ratification And Analysis in Power procurement for bringing Transparency in Invoicing of generators), Discoms […] Read more
China’s Solar Additions for 2020 Likely to Decline by 6.6 GW: Report Updated On Tue, Apr 28th, 2020 by Saurenergy On the back of widespread coronavirus outbreak and its impact, China’s solar photovoltaic (PV) capacity additions for 2020 is expected to fall short by 6.6 GW against the earlier projections, said the data and analytics company. Earlier, Chinese solar PV capacity additions were projected at 40 GW for the current year, which is higher than […] Read more
No Spike in Power Demand With Partial Easing of Lockdown Updated On Tue, Apr 28th, 2020 by Saurenergy The partial relaxation in lockdown from April 20 onwards could not perk up power demand, which remained almost static so far mainly due to cool weather. The partial relaxation in lockdown for certain economic activities from April 20 onwards could not perk up power demand, which remained almost static so far mainly due to cool weather. According […] Read more
