Electricity Demand In India Increased 79% In Last 9 Years: RK Singh Updated On Mon, Dec 18th, 2023 by Saurenergy Union Power Minister RK Singh claimed that the electricity demand in India rose almost 79 percent in the last nine years. He shared the latest data before the Lok Sabha in his written response to a question. He said the electricity demand rose from 1,35,918 MW in 2013–14 to 2,43,271 MW in September 2023. He also […] Read more
CERC Allows Compensation To RE Firm For Higher Duties On Solar Cells Updated On Mon, Dec 18th, 2023 by Saurenergy In its latest judgment, the Central Electricity Regulatory Commission (CERC) allowed compensation to a renewable energy company against the imposition of increased import duties on solar cells. The case was related to a Rajasthan-based solar project. On July 30, 2018, the Indian government imposed higher duties against the import of solar cells into India. On […] Read more
No Assessment Done On The Financial Impact Of Uniform RE Tariff: Govt Updated On Wed, Dec 13th, 2023 by Saurenergy Union Minister for New and Renewable Energy RK Singh in his recent written reply given in the Parliament said that the government is yet to implement the Uniform Renewable Energy Tariff. In his response made before the Lower House, he also said that the ministry has now done any financial assessment on the likely impact […] Read more
BREDA Plans To Revive Its Non-Functional Off-Grid Solar Projects, Issues Tender Updated On Mon, Dec 11th, 2023 by Saurenergy The Bihar Renewable Energy Development Agency (BREDA) government has now planned to revive its non-functional off-grid solar power systems. It has also issued a tender in this direction, seeking developers who can execute the government plan. BREDA has issued the tender on the behalf of the state. BREDA has planned to connect its ailing off-grid […] Read more
MNRE Issues Policy To Repower Wind Turbines Below 2MW Capacity Updated On Fri, Dec 8th, 2023 by Saurenergy The Ministry of New and Renewable Energy (MNRE) has issued its Wind Repowering and Life Extension Policy for wind projects. The ministry said that the initiative will likely boost the potential of wind energy generation from old and inefficient wind power projects by modifying the wind turbine structures (repowering). As per the National Institute of […] Read more
ICRA Sees FY24 Ending On a Positive Note For RE, 20 GW Additions Projected For India Updated On Thu, Dec 7th, 2023 by Saurenergy Ratings and Research firm ICRA sounded an optimistic note in their December update, with hopes that overall renewable capacity additions in FY24 will touch 20 GW. That number, made up of 12 GW of solar, 2 GW of wind besides other RE sources, becomes even better for FY25. The firm expects solar to add 20 […] Read more
GERC Seeks Consultants To Determine Banking Charges For RE Projects Updated On Wed, Dec 6th, 2023 by Saurenergy The Gujarat Electricity Regulatory Commission (GERC) has now planned to impose banking charges against the generation of renewable energy in the state. To undertake the mission, the state commission has floated a tender seeking bids from consultants who can help the state commission in imposing the charges. The GERC, in its document mandated the consultants […] Read more
IEX Power Market Update for November 2023 Updated On Tue, Dec 5th, 2023 by Saurenergy Indian Energy Exchange (IEX), India’s largest power trading exchange, had a strong November, achieving 9,136 MU overall volume, including 7.55 Lac Renewable Energy Certificates (RECs) (equivalent to 755 MU), marking a 17.5% increase on YoY basis. IEX achieved 8,371 MU total electricity volume in November 2023, registering an increase of 13% on YoY basis. However, […] Read more
India Joins Battery Storage Consortium To Boost BESS Deployment Updated On Mon, Dec 4th, 2023 by Saurenergy India has now joined the Battery Energy Storage Systems (BESS) Consortium, at the ongoing Conference of Parties (COP28) Summit at Dubai. The consortium is an initiative of the Global Leadership Council (GLC) of the Global Energy Alliance for People and Planet (GEAPP). Through the BESS Consortium, India is among the first-mover countries as a part […] Read more
