IEX Q3 Results-Revenues Up 13.7%, PAT Up 22.8% Updated On Fri, Jan 24th, 2025 by Saurenergy Indian Energy Exchange (IEX), the largest electricity trading exchange in India, has reported its results for the third quarter of FY25. The firm reported electricity volumes of 30.5 Billion Units in Q3FY’25, a 15.9% increase from 26.3 BUs in Q3 FY’24. Renewable energy certificates in Q3FY’25 at 26.52 lakhs, increased 31% from 20.24 lakh in […] Read more
India To Add 25 GW Of Solar Capacity By FY25 End: Ind-Ra Updated On Wed, Jan 22nd, 2025 by Saurenergy India Ratings and Research (Ind-Ra), a research organization in its latest report maintains a stable rating outlook for energy infrastructure projects for FY26. Four major factors drive this outlook: India’s economic growth, a sustained energy transition with renewables gaining a higher share in installed capacity and generation, a strong pipeline of capacity additions (both renewable […] Read more
TREDA Issues Pre-Feasibility Tender for PSP In Tripura Updated On Thu, Jan 16th, 2025 by Saurenergy The Joint Director of the Tripura Renewable Energy Development Agency (TREDA) issued an e-tender, soliciting bids to set up a Pumped Storage Project in Tripura from prospective bidders. The agency, on behalf of the organization, invited tenders to establish consultancy services for the preparation of a Pre-Feasibility Report (PFR). TREDA has sought bids from interested […] Read more
Non-Utility Share Of Over 25% Stood Out In 2024 In India: SBI Caps Updated On Thu, Jan 16th, 2025 by Saurenergy Investment bank SBI Capital Markets (SBI CAPS), in a report on non-utility solar in India, has hailed 2024 as the year when non-utility solar finally crossed the 25% threshold in India. Declining module and EPC costs, coupled with cheaper cells expanding off-grid potential, facilitate solar adoption. Non-utility solar is poised for significant growth, with annual […] Read more
NLC India Signs Pact With Assam Utility To Spur Solar Projects Updated On Mon, Jan 13th, 2025 by Saurenergy NLC India Renewables Limited (NIRL), a wholly-owned subsidiary of NLC India Limited, has signed a Joint Venture (JV) agreement with Assam Power Distribution Company Limited (APDCL) to bolster energy security and promote solar energy in Assam. The pact aims to establish 1,000 MW of green energy projects, reinforcing the state’s commitment to sustainable power solutions. […] Read more
UPNEDA Plans 1.3GW Solar Project In Jhansi, Issues EOI Updated On Mon, Jan 13th, 2025 by Saurenergy The Uttar Pradesh New and Renewable Energy Development Agency (UPNEDA) has issued an Expression of Interest (EOI) to develop a 1.3 GW solar project in the Jhansi district. The state nodal agency plans to implement the project on a Build-Own-Operate (BOO) basis. The submission deadline for the EOI is January 31, 2025. “The purpose of […] Read more
PM-KUSUM: JVVNL Re-Issues Tender For Solar Projects Under RESCO Updated On Fri, Jan 10th, 2025 by Saurenergy The Jaipur Vidyut Nigam Limited (JVVNL) has re-issued its tender under PM-KUSUM (Component-C). The Rajasthan discom now plans to allocate work orders to Renewable Energy Service Companies (RESCO) through the tender. The agency intends to use the services of RESCO for feeder-level solarisation under the scheme. The last date to submit online bids is January […] Read more
PM-KUSUM (Comp A): Centre Allocates 5 GW Capacity To Rajasthan Updated On Fri, Jan 10th, 2025 by Saurenergy The Ministry of New and Renewable Energy (MNRE) has now ordered allocating an additional 5,000 MW capacity to Rajasthan under the PM Kusum (Component A) Scheme. Union Minister for New and Renewable Energy Prahlad Joshi allocated the additional quota to the state after receiving a representation from Rajasthan Chief Minister Bhajan Lal Sharma and a […] Read more
CERC Grants Relief To Wind Energy Firm Against GST Rate Hike Updated On Tue, Jan 7th, 2025 by Saurenergy The Central Electricity Regulatory Commission (CERC) in its latest order granted partial relief to Morjar Windfarm Development. The order from CERC came to the fore when the petitioner moved the central agency for its intervention. The Wind Energy, in its petition, asked the CERC to consider the change in GST rates as a ‘change of […] Read more
