Avaada Energy Secures Rs 4,471 Cr Refinancing For Rajasthan Solar Projects Updated On Fri, Apr 19th, 2024 by Saurenergy Avaada Energy, the renewable energy arm of Avaada Group, has announced the successful closure of one of the largest refinancing transactions in India’s renewable energy sector, securing about Rs 4,471 crore from the state-owned lender, the National Bank for Financing Infrastructure and Development (NaBFID). This refinancing transaction, conducted under a Restricted Group (RG) structure, encompasses […] Read more
APTEL Raises Concern Over Unscheduled Power Drawal From Grid By RE Generators Updated On Wed, Apr 10th, 2024 by Saurenergy The Appellate Tribunal For Electricity (APTEL) in its latest judgment raised concerns over the unscheduled power drawal from the grid by renewable energy generators. It also took a dig at the authorities concerned over the dearth of legislation on the issue. The remarks appeared in the latest written order of the APTEL while hearing a […] Read more
GUVNL Invokes Greenshoe Option For 880 MW Grid-Connected Solar Projects Updated On Thu, Mar 28th, 2024 by Saurenergy Gujarat Urja Vikas Nigam Limited (GUVNL) has announced its plans to secure 500 MW of power from grid-connected solar photovoltaic (PV) projects. GUVNL has floated the tender for the purchase of power from 500 MW Grid Connected Solar Photovoltaic Power Projects to be set up/under construction/already commissioned projects anywhere in India with Greenshoe Option of […] Read more
DMRC Issues Tender For Solar Projects At Phase-IV Sections Updated On Tue, Mar 19th, 2024 by Saurenergy Delhi Metro Rail Corporation (DMRC) has issued a tender inviting bids for 3.5 MW rooftop solar projects for its Phase-IV network stations that are currently under construction. The tender has been issued under the Renewable Energy Supply Company (RESCO) model. According to DMRC tender, the last date to submit the bids is April 25 while […] Read more
European Fast-Charging Firm Fastned Signs PPA With GLP For Solar Power Updated On Thu, Feb 29th, 2024 by Saurenergy European fast-charging company, Fastned announced it has concluded its first multi-year Corporate Power Purchase Agreement (CPPA) in the Netherlands with GLP, a renewable energy firm, and related technologies, with Ecorus and Scholt Energy. According to the press release by the company, Fastned will purchase power generated by the solar panels on the roof of GLP’s […] Read more
World Bank And Japan Sign RISE Pact to Boost Clean Energy Investments Updated On Wed, Feb 28th, 2024 by Saurenergy World Bank and Japan have signed an administration arrangement outlining the terms and conditions to implement the Resilient and Inclusive Supply-chain Enhancement (RISE) Partnership, which was officially launched in October 2023. The agreement was signed between the World Bank Vice President for Infrastructure, Mr. Guangzhe Chen, and the Executive Director for Japan at the World […] Read more
MNRE Notifies Guideline For 13 GW RE, 12GWh BESS Projects In Ladakh Updated On Tue, Feb 20th, 2024 by Saurenergy The Cabinet Committee on Economic Affairs (CCEA) in its notification shared the recent President’s sanction for the implementation of a 13 GW renewable energy project in Ladakh (IST GEC – II). The long awaited project comprises of 13 GW renewable energy capacity along with a 12GWh Battery Energy Storage system (BESS) in Ladakh. The government […] Read more
Indian Railways Liable To Pay Cross Subsidy Charges Under Open Access, Declares APTEL Updated On Tue, Feb 13th, 2024 by Saurenergy In a 387 page judgement on the liability of the Indian Railways to pay cross subsidy charges, involving multiple (8) appeals from discoms across the country, the Appellate Tribunal For Electricity (APTEL) has ruled in favour of the discoms. The crux of the dispute, in the batch of appeals, was whether Indian Railways is a […] Read more
Re-strategizing To Meet The Growing Demand For Power Updated On Mon, Feb 5th, 2024 by Saurenergy Few sectors, if any, today pose as many challenges or hold as many opportunities as India’s power sector. It has witnessed developments and disruptions in recent years, and while the long-term goal posts remain largely steady, we might have to move sideways towards them instead of headlong. India’s power demand grew at an unprecedented 9% […] Read more
