Fotowatio Sells 49% In Australia Arm To OMERS Infrastructure Updated On Mon, Oct 18th, 2021 by Saurenergy Fotowatio Renewable Ventures (FRV), a leading Spanish developer of utility-scale renewable energy projects and part of Abdul Latif Jameel Energy, have today announced the sale of a 49% interest in FRV Australia Group to OMERS Infrastructure (the “Transaction”). Under the terms of the Transaction, OMERS Infrastructure will acquire a 49% interest in FRV’s Australian renewable energy platform, […] Read more
Adani Green Energy to Acquire 40 MW Operational Solar Asset in Odisha Updated On Thu, Sep 30th, 2021 by Saurenergy Adani Renewable Energy (MH) Limited (AREMHL), a wholly-owned subsidiary of Adani Green Energy Ltd (AGEL), has signed definitive agreements with Essel Green Energy Pvt Ltd to acquire 100% economic value in an SPV that owns a 40 MW operating solar project in Odisha. The company confirms that the project has a long-term Power Purchase Agreement […] Read more
Tariff Markdown on Manufacturing Tender. Unfair For Developers? Updated On Tue, Sep 21st, 2021 by Saurenergy Even as SECI continues to provide positive tidings in terms of finally finding buyers for the power from the manufacturing linked solar tender that has been pending since last year, the news of markdowns can’t be good for relevant stakeholders. Readers will recall that these tenders had a tough time finding takers for a long […] Read more
APTEL Accepts TPREL Claim For GST Compensation, After MERC Rejection Updated On Tue, Sep 21st, 2021 by Saurenergy In an interesting judgement uploaded yesterday, the Appellate Tribunal for Electricity (APTEL) has upheld an appeal filed by Tata Power Renewable Energy Limited (TPREL) against an order of the Maharashtra Electricity Regulatory Commission (MERC), on compensation for GST law changes. MSEDCL was the other party to the case, as the discom buying the power from […] Read more
SECI’s 1000 MW PSA Signing with TANGEDCO, Vital Step Forward For Mfg. Linked Tender Winners Updated On Mon, Sep 20th, 2021 by Saurenergy It says something for the dearth of good news we have had in the solar sector, that firms and even government bodies have taken to highlighting every step of the process from planning to tenders to winners to even the signing of PSA’s (power sales agreement) and PPA’s (Power Purchase Agreement) now. The backlog of […] Read more
SECI’s 1200 MW Tranche XI Wind Tender Sees Winning Bids at Rs 2.69/Unit Updated On Fri, Sep 3rd, 2021 by Saurenergy Wind Energy continues to charge up in 2021, with SECI’s Tranche XI tender attracting winning bids at Rs 2.69/unit. The winning firms this time were ReNew Power (300 MW), Sembcorp through its subsidiary Green Wind Infra Energy (180 MW), Evergreen Power through Anupavan Renewables (150 MW). Adani Green scooped up the largest parcel of 450 […] Read more
MSEDCL Issues Tenders for 800 MW Wind Projects Updated On Tue, Aug 24th, 2021 by Saurenergy The Maharashtra State Electricity Distribution Company (MSEDCL) has recently issued two requests for selection (RfS) to procure 500 MW of wind power from intra-state wind power projects and 300 MW of wind power from new grid-connected inter-state and intra-state wind projects. In total, MSEDCL will procure 800 MW wind power on a long-term basis through […] Read more
RE Investment in India Bounces Back from COVID-19 Slowdown: IEEFA Updated On Mon, Aug 23rd, 2021 by Saurenergy Renewable energy investment is rising again in India following the slowdown in the previous financial year due to the onset of the COVID-19 pandemic, finds a new briefing note by the Institute for Energy Economics and Financial Analysis (IEEFA). In the first four months of this financial year (FY), from April to July 2021, investment […] Read more
SECI Finally Finds The First Buyer for Manufacturing Linked Tender- GRIDCO Updated On Thu, Jul 29th, 2021 by Saurenergy Late last week, SECI (Solar Energy Corporation of India) announced the first power supply agreement (PSA) in connection with its manufacturing-linked solar tenders, floated in November 2019. These were won by Adani Green and Azure Power finally. Signed in Bhubaneshwar between SECI and GRIDCO Limited (or Grid Cooperation of Odisha), a subsidiary of Odisha Electricity […] Read more
