CERC Rejects SECI Plea For Adopting Tariffs for 150 MW Rihand Floating Solar Project Updated On Mon, Apr 19th, 2021 by Saurenergy The floating solar project at Rihand Dam, where SECI, as the nodal agency had duly completed the auction process to arrive at a price of Rs 3.29 /unit looks set to be further delayed with the central regulator, Central Electricity Regulatory Commission rejecting the tariff adoption plea. The project has been widely touted as India’s […] Read more
CESC Seeks Solar Power Suppliers To Meet RPO Obligations Updated On Mon, Apr 19th, 2021 by Saurenergy CESC, the privately owned discom and power generator that is entrusted with managing power for the city of Kolkata in West Bengal, has advertised for its April to October renewable purchase requirements. RPO’s are considered key to driving demand for solar power, enabling the sector’s expansion. In fact, even as CESC has advertised for its […] Read more
Solar Crosses 40 GW Mark in India, Renewable Capacity at 94.43 GW Updated On Fri, Apr 16th, 2021 by Saurenergy MNRE in its monthly summary to the cabinet for March 2021 has revealed that the installed solar capacity in India has crossed the 40 GW mark The Ministry of New and Renewable Energy (MNRE) in its monthly summary to the cabinet for the month of March 2021 has revealed that the installed and operational solar […] Read more
At ₹3.85, CERC Approves 7% Hike in APPC for Open Access Solar in 2020-21 Updated On Thu, Apr 8th, 2021 by Saurenergy In its order notified last week, the Central Electricity Regulatory Commission (CERC) has set the national Average Power Purchase Cost (APPC) for open access at ₹3.85/kWh. This implies that for wind or solar generators that are regional entities and selling power under open access, which is not accounted for RPO compliance of obligated entities, and […] Read more
ECP Announces Closing of $1.2 Bn Continuation Fund for RE Platform Terra-Gen Updated On Tue, Apr 6th, 2021 by Saurenergy ECP today announced the successful completion of its first Continuation Fund with $1.2 billion in capital commitments, and the closing of the fund’s subsequent acquisition of the remaining 50% interest held by ECP’s third fund, ECP III, in Terra-Gen (the “Company”), a leading renewable energy developer and operator. ECP previously sold a 50% stake in the Company […] Read more
Senior Consultant Updated On Sat, Apr 3rd, 2021 by Saurenergy The Senior Consultant shall provide expert advice & guidance to BHEL for Project Management, troubleshooting issues related to Nuclear Power Plants. For keeping liaison with various agencies within NPCIL and provide support for speedy resolution of issues. BHEL invites applications for One Position of Senior Consultant in the area of Project Management /Trouble Shooting /Liaison […] Read more
Adani Green Completes Rs 133 crore Spinel Energy Buyout Updated On Tue, Mar 30th, 2021 by Saurenergy Adani Green Energy has completed the acquisition of Spinel Energy and Infrastructure from Hindustan Cleanenergy and Peridot Power Ventures. The deal, which was announced on January 21 first, was formally completed last week. The enterprise value of the all cash deal has been put at Rs 133 crores. For Adani Green, the acquisition is another […] Read more
The BCD Calculus: Will It Deliver The Right Outcomes? Updated On Thu, Mar 25th, 2021 by Saurenergy As expected, once it did arrive, India’s Basic Customs Duty (BCD) plan for solar cells and equipment has managed to create just the sort of furore that the government claims it seeks to avoid. After all, for once, this was a decision that was long in coming, with intent having been announced last year itself, […] Read more
Key Downside Risk in the Wake of BCD Announcement is Delays in Signing of PPAs/PSAs: ICRA Updated On Thu, Mar 25th, 2021 by Saurenergy Given the expected increase in solar tariffs amid the imposition of BCD, the delays in the signing of PPAs/PSAs is a key downside risk in the near term ICRA Ratings has said that policy support and tariff competitiveness factors are likely to continue driving investments in the renewable energy (RE) sector. However, on the flip […] Read more
