OMERS Infrastructure to Pay $219 M for 19.4% Stake in Azure Power Updated On Mon, Aug 2nd, 2021 by Saurenergy Canada-based OMERS Infrastructure recently announced that it has signed a Stock Purchase Agreement to acquire from International Finance Corporation and IFC GIF Investment Company I an approximately 19.4% stake in Azure Power Global Limited, for a total consideration of approximately US$219 million. Founded in 2008, Azure Power is a leading independent renewable power producer located […] Read more
SECI Finally Finds The First Buyer for Manufacturing Linked Tender- GRIDCO Updated On Thu, Jul 29th, 2021 by Saurenergy Late last week, SECI (Solar Energy Corporation of India) announced the first power supply agreement (PSA) in connection with its manufacturing-linked solar tenders, floated in November 2019. These were won by Adani Green and Azure Power finally. Signed in Bhubaneshwar between SECI and GRIDCO Limited (or Grid Cooperation of Odisha), a subsidiary of Odisha Electricity […] Read more
With Safeguard Duty Expiry A Day Away, Solar Bodies in a Huddle For Way Forward Updated On Thu, Jul 29th, 2021 by Saurenergy With the Safeguard Duty (SGD) on solar modules expiring tomorrow, there is predictable anxiety among Indian module manufacturers on the future after the duty expires. Currently, there is an ongoing investigation by the Directorate General of Trade Remedies against alleged Chinese dumping of modules, which has got delayed due to a court intervention. Thus, a […] Read more
Power Minister Highlights Steps Taken to Push 4000 MW Rooftop By 2022 Updated On Wed, Jul 28th, 2021 by Saurenergy Responding to a query in the Rajya Sabha, the Ministry of New and Renewable Energy is implementing Rooftop Solar Programme Phase II wherein grid connected RTS capacity aggregating 4000 MW by 2022 is targeted for installation in residential sector with provision of subsidy. For individual households, subsidy upto 40% of the benchmark cost is provided […] Read more
Net Metering for Systems Up to 500 kW Proposed In Draft Karnataka Regulations Updated On Tue, Jul 27th, 2021 by Saurenergy In what should be a relief for solar developers, the Karnataka Electricity Regulatory Commission (KERC) has brought up a proposal that revises the limits for net metering to 500 kW from the earlier proposed 10 kW. In the new proposal, the KERC had suggested generic tariffs of Rs. 3.82/kWh for residential rooftop solar systems between […] Read more
CERC Sticks To The Letter In PGCIL Tiff With Renew Power Updated On Tue, Jul 27th, 2021 by Saurenergy The Central Electricity Regulatory Commission (CERC) has stuck to the letter of the law, rather than going with the spirit perhaps, in a ruling involving wind developers and a power grid corporation. Renew Power Private Limited obtained Stage-II connectivity for 300 MW at 220 kV Hiriyur sub-station, on the basis of National Thermal Power Corporation […] Read more
Executive (Commercial)-14 Posts for 03 Years Updated On Mon, Jul 26th, 2021 by Saurenergy NTPC Jobs 2021 in New Delhi – NTPC is looking for experienced professionals for its Commercial Function, Consultancy Wing, Business Analysis, Solar PV, CS, Corporate Communication and Clean Technologies area for specific period as per details given below: Qualification: Degree in Engineering (in any discipline) with at least 60% marks from a recognized University/Institution and […] Read more
SECI Kick Starts Storage Push With Notice for 2 GWh Tender Updated On Mon, Jul 26th, 2021 by Saurenergy In a surprising move, the Solar Energy Corporation of India has issued a notice intimating its plans for a 2000MWh storage tender. The notice mentions that the final tender would be out by august 31, 2021. This seems to be the first ever storage only tender from the government agency, and follows NTPC’s expression of […] Read more
GUVNL Revokes Subsidy to 4,000 Solar Projects of Around 2500 MWs Updated On Thu, Jul 22nd, 2021 by Saurenergy A wholly-owned state electricity regulation board in the state of Gujarat, Gujarat Ujrja Vikas Nigam Ltd. (GUVNL) has withdrawn subsidies to small-scale distributed solar projects, hitting about 4,000 projects with an aggregate capacity of around 2500 MW contracted capacity. The purchase price of power produced was fixed at Rs 2.83 per unit which was already […] Read more
