Traded Power Prices Drop 30% YOY At IEX To Rs 4.74/unit In May Updated On Tue, Jun 6th, 2023 by Saurenergy In a good sign for India’s summer months, power trading prices at the largest power exchange in the country, IEX, dropped 30% YOY to Rs 4.74/unit in May. During the month, the exchange enabled 8,251 MU (million units) of power trades. The green market trades at 358 MU, 1.42 lac Renewable energy certificates (RECs equivalent […] Read more
MNRE To Grant RE Project Extensions In GIB Habitats Only On ‘Merit’ Updated On Mon, Jun 5th, 2023 by Saurenergy The Ministry of New and Renewable Energy (MNRE) has now decided to grant an extension to renewable power projects in Great Indian Bustard (GIB) habitat areas only based on the case’s merits. It has planned to do away with the earlier system of giving a blanket exemption of 30 days in the scheduled commencement of […] Read more
MG Motor India & LOHUM Collaborate for Second Life EV Battery Solution Updated On Mon, Jun 5th, 2023 by Saurenergy MG Motor India, an automobile brand has joined forces with Lohum, a producer of sustainable energy transition materials, to establish a comprehensive ecosystem for the reuse, and life cycle management of EV batteries. The partnership between MG India and Lohum aims to develop the concept of second-life solutions for batteries, ensuring their efficient utilization and […] Read more
CERC Asks SECI to Compensate Developer For BCD On Solar Cells Updated On Mon, Jun 5th, 2023 by Saurenergy The CERC has maintained that ReNew Solar Energy (Jharkhand Three) Private Limited is entitled to compensation on a PPA signed with the Solar Energy Corporation of India Limited (SECI) following the imposition of safeguard duty on solar cells/modules. The firm said that the imposition has resulted in an increase in the rate of Basic Customs […] Read more
Tata Motors Confident Of Availing PLI Aid For Its EV Models Updated On Mon, Jun 5th, 2023 by Saurenergy Indian automotive giant Tata Motors seems confident to avail the benefits under the Production Linked Incentives (PLI) of the Indian government for all of its Electric Vehicle (EV) models. The firm’s top management expressed optimism on the issue with the specific changes in the scheme’s parameters and the auto firm’s preparedness. The issue was recently […] Read more
NTPC Likely To Add 5,000 MW Of Renewable Energy Capacities Annually Updated On Mon, Jun 5th, 2023 by Saurenergy India’s largest power sector PSU (Public Sector Utility)-NTPC Limited, is likely to add around 4,000 MW to 5,000 MW of renewable energy annually to achieve its ambitious clean energy target. The PSU has targeted adding up to 60 Gigawatt (GW) of installed renewable power capacity by 2032. However, in the short term, the power behemoth has planned […] Read more
Sungrow Signs UP Celestial Renewexperts as Distributor for South India Updated On Mon, Jun 5th, 2023 by Saurenergy Sungrow, which was declared the world’s leading solar inverter maker in 2022 by some agencies, has announced the signing of its new distribution agreement with their existing channel partner, Celestial Renewexperts LLP. The new agreement opens up the states of Karnataka, Andhra Pradesh and Telangana for Celestial Renewexperts to distribute Sungrow ‘s portfolio of PV […] Read more
EDPR Secures 159 MW Contracts In Italian Wind & Solar Auctions Updated On Sun, Jun 4th, 2023 by Saurenergy EDP Renewables (EDPR) has said that it has been awarded with a 20-year feed-in-tariff (FiT) of EUR 65.17 for every MWh for 159 MW of renewable capacity. The ward was made to EDPR at the eleventh renewable auction in Italy promoted by the Gestore Servizi Energetici (GSE). The capacity awarded to EDPR represents a 43% […] Read more
Indian Military Installs Its First Solar Plant At Narengi Station-Assam Updated On Sun, Jun 4th, 2023 by Saurenergy With an objective of providing green and reliable power to its troops, the Indian Army is transforming the Narengi Military Station into a completely renewable-based military facility. The Narengi Military Station is situated near Guwahati, Assam and the army has installed a solar power plant at the military station which has a capacity of 1-MW. […] Read more
