Avaada Energy Receives $10 Mn in Funding From KfW Subsidiary Updated On Fri, Oct 30th, 2020 by Saurenergy Avaada Energy, one of the leading green energy companies in India, has received USD 10 million in funding from DEG, a subsidiary of the KfW Group. Avaada Energy, one of the leading green energy and renewable energy companies in India, has received USD 10 million in funding from development finance institution Deutsche Investitions- und Entwicklungsgesellschaft (DEG), […] Read more
PXIL Celebrates 12th Year Anniversary with Cumulative Volume Growth Updated On Thu, Oct 22nd, 2020 by Saurenergy Power Exchange India Ltd (PXIL) has notched up significant market share in electricity trading during the last few months. Ever since the jump-start of Day Ahead Spot (DAS) from August 25, 2020, there has been consistent participation from the most active participants in the market. The price formation has demonstrated convergence, even with small volumes […] Read more
MERC Gives Captive Power Producers Until March 2021 to Fulfill RPO Obligations Updated On Thu, Oct 8th, 2020 by Saurenergy In a further concession to Captive Power producers (CPP)in the state, the Maharashtra Electricity Regulatory Commission has allowed fossil fuel-based captive power producers and Open Access consumers until March 2021 to fulfill their renewable purchase obligations (RPO). Taking into account the massive impact of the Covid lockdown on industries in the state and their markets […] Read more
IEX, PXIL Make the Case for Reopening REC Trading Updated On Mon, Aug 31st, 2020 by Saurenergy IEX and PXIL have made a case for reopening the trading of renewable energy certificates (REC), citing the impact on the entire value chain. Energy exchanges IEX and PXIL have made a case for reopening the trading of renewable energy certificates (REC), saying the market closure is impacting the entire value chain in the electricity […] Read more
SECI Releases ₹520 Crores To developers in July Updated On Fri, Aug 28th, 2020 by Saurenergy At a time when the stress due to overdues from discoms, besides multiple other factors has got the industry on edge, SECI (Solar Energy Corporation Of India) has released a statement that claims ₹520 crores have been released to developers for payments against wind and solar energy generation. This represents about 75 percent of the […] Read more
ReNew Power and UNEP Partner up to Promote Increased Access to RE Updated On Wed, Aug 26th, 2020 by Saurenergy UNEP has signed a partnership agreement with ReNew Power to promote increased access to renewable energy and improved energy efficiency in India The United Nations Environment Programme (UNEP) has announced that it has signed a partnership agreement with one of India’s largest independent renewable energy companies – ReNew Power to promote increased access to renewable […] Read more
Will The Andhra Pradesh Saga Reach Endgame With Central Intervention? Updated On Mon, Aug 24th, 2020 by Saurenergy In a further turn to the ongoing tussle between developers in Andhra Pradesh and the state government there through its discoms, the National Solar Energy Federation of India (NSEFI), the apex body of solar energy developers in the country, has reached out once again to the state’s chief Minister to intervene, and for good measure, […] Read more
Indian Railways to Pay Rs.27.35 Crores Plus Surcharge to TPC-D Updated On Mon, Aug 17th, 2020 by Saurenergy TPC-D had filed a petition against Indian Railways on non-compliance of the Mid-Term Review Order of MSEDCL The Indian Railways will have to pay more than Rs.27.35 crores to Tata Power Company Limited (Distribution) (TPC-D). The Maharashtra Electricity Regulatory Commission (MERC) has issued an order directing the Indian Railways to pay the outstanding stand-by charges […] Read more
GERC to Amend RPO Regulations Updated On Tue, Aug 4th, 2020 by Saurenergy Changes to (Procurement of Energy from Renewable Sources) (Third Amendment) Regulations Have Been Proposed The Gujarat Electricity Regulatory Commission (GERC) has proposed changes to regulations regarding procurement of energy from renewable energy generating sources; these will be the “Third Amendments in the GERC (Procurement of Energy from Renewable Sources) Regulations, 2010”. In the GERC proposal, […] Read more
