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IEX Power Market Update For November

The Indian Energy Exchange, India’s premier energy exchange, achieved 7764 MU total volume traded in November 2022, including Green Power trade of 354 MU, and 3.72 lac RECs (equivalent to 372 MU). The total electricity volume traded on the Exchange in November’22 was 7392 MU, an increase of 9% on YoY. However, the overall volume […]

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MSEDCL Discovers Price of Rs 2.90/kWh In 500 MW Solar Tender

The Maharashtra State Electricity Distribution Company (MSEDCL) has discovered a best price of Rs 2.90/kWh for 100 MW out of the 500 MW it auctioned to secure 500 MW of long-term power from grid-connected intrastate solar projects. SolarArise was the lowest bidder,  while state owned SJVN Green Energy, and Tata Power subsidiary Tata Power Renewable […]

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Tata Power Renewable Energy Bags 255 MW of Hybrid Projects For Delhi

It’s all within the group as Group Firm Tata Power Renewable Energy (TPREL) bagged the 255 MW Wind-Solar Hybrid auction from Tata Power Delhi Distribution Limited (TPDDL). The supplies are meant for the Delhi market, where TPDDL is one of the 3 discoms operating, besides the two BSES discoms. The winning bid of Rs 3 […]

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Rajasthan Opens PM-KUSUM Online Land Registration Portal

Under Component C of the Pradhan Mantri Kisan Urja Suraksha evam Utthan Mahabhiyan (PM-KUSUM), Rajasthan has created the Saur Krishi Ajivika Yojna (SKAY) to encourage the development of decentralised solar projects at load centers with primarily agricultural usage in rural areas. By enabling farmers and landowners to lease out their unused or unproductive land on […]

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As Solar Spreads Out, Marketing Makes an Entrance

Just over 30 months ago, SaurEnergy did a feature on rooftop solar, “Residential Solar. Market Yes, But Marketing?” That story, in our April 2020 issue talked about the potential in the rooftop solar category, albeit, residential. But there was almost complete lack of formal marketing tactics from firms to attract customers. The few firms with […]

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Green Markets: Playing a Pivotal Role in Renewable Energy Integration

The Indian power sector is undergoing a paradigm shift with rapidly increasing renewable capacity addition in the system. Renewable electricity generation has seen over 15 per cent compounded annual growth rate over the last few fiscal years (2016-17 to 2021-22) vis-à-vis a total growth of around 3.5 per cent. The country now boasts of a […]

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CERC Relents, Allows GST Compensation On O&M Expenses To Azure Power, Others

In a key development, the Central Electricity Regulatory Commission (CERC) has finally relented, and ruled in favour of GST compensation for a clutch of developers in seven cases (5 of which involve Azure Power owned entities). The issue has been contested around the treatment of GST on O&M (Operations and maintainence) contracts of solar projects […]

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USA’s Enfinity Increases India Presence with 205 MW of RE

In a release issued this week, US-based energy firm Enfinity Global has announced it has added 205 MW of solar capacity in India. The global RE conglomerate said that the feat has been achieved through the interconnection of renewable projects worth 135 MW in the Indian state of Maharashtra. The company has also acquired six […]

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