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
Tata Power Acquires Bikaner-III Neemrana-II Transmission Renewable Energy Project Updated On Mon, Dec 4th, 2023 by Saurenergy Tata Power Co Ltd has won a bid for the acquisition of the Bikaner-III Neemrana-II Transmission renewable energy project valued at about INR 1,544 crore. The renewable energy project is of a special purpose vehicle (SPV) established by PFC Consulting Limited, an arm of Power Finance Corporation. The transmission project is be undertaken on a […] Read more
Sierra Leone Set to Welcome its First Wind Farm in Sherbro Island Updated On Fri, Dec 1st, 2023 by Saurenergy Sierra Leone is set to welcome its first wind farm at Sherbro Island. Towards this, the generation unit of Octopus Energy has joined hands with Idris Elba and Sherbro Alliance Partners (SAP) to realise this goal. Sherbro Alliance Partners is an infrastructure development firm. The significant announcement was made at COP28. The agreement will pave […] Read more
Asia Likely To Have 55% Share Of Global Renewable Energy Jobs: IRENA Updated On Fri, Dec 1st, 2023 by Saurenergy IRENA (International Renewable Energy Agency) recently released its world energy transition outlook report. Their report mentioned that Asia is expected to account for a 55% share of global renewable energy jobs, followed by Europe (14%), US (13%) and Sub-Saharan Africa (9%) till 2050 under 1.5-degree scenario. It adds that, the jobs are unevenly distributed as, […] Read more
India’s Renewable Energy Generation Dips With Slump In Wind Power Updated On Fri, Dec 1st, 2023 by Saurenergy A comparison of monthly renewable energy generation data released by the Central Electricity Authority (CEA) claimed that India’s monthly renewable generation (including hydro) dipped in October this year. As per the latest available report of the CEA, India’s total renewable energy generation stood at 17.9 percent. During the month, the country generated a total of […] Read more
GUVNL Floats Tender for 250 MW/500 MWh Battery Energy Storage Systems Updated On Fri, Dec 1st, 2023 by Saurenergy Gujarat Urja Vikas Nigam Limited (GUVNL) has issued a Request for Selection (RfS) for setting up of pilot projects of 250 MW/500 MWh standalone Battery Energy Storage Systems in Gujarat under Tariff-Based Global Competitive Bidding (Phase-II). The projects will be established under the BOO model. Selection of Battery Energy Storage Systems projects for a total […] Read more
Gujarat Fuels Renewable Energy Capacity Goals by Partnering with International Firms Updated On Fri, Dec 1st, 2023 by Saurenergy Gujarat has signed various MoUs with the intention of accelerating the realization of its renewable energy capacity goals. The state has joined hands with Australia-based MeOH Giga Battery and Australian Premium Solar Pty Ltd. Australian Premium already has a manufacturing unit in Gujarat to give an impetus to its renewable energy capacity goals. Indian firms […] Read more
SOFAR & BelEnergy to Boost LATAM’s Renewable Energy Development Updated On Thu, Nov 30th, 2023 by Saurenergy SOFAR, a global provider of all-scenario PV & ESS solutions, announced that it has entered into a partnership with BelEnergy for the national distribution of the firm’s extensive solar and storage portfolio. With more than 250 thousand solar plants running nationwide, the rising number of end customers will be able to have access to SOFAR […] Read more
Sterlite Power Wins 8 GW Green Energy Transmission Project in Rajasthan Updated On Thu, Nov 30th, 2023 by Saurenergy Sterlite Power, a private sector power transmission developer, has secured an order for Rajasthan REZ Ph-IV (Part-1-Bikaner Complex): Part-B Transmission project. With this order win, Sterlite Power has secured its third Green Energy Corridor (GEC) project in the state of Rajasthan. Sterlite Power will be building this project on a BOOT (Build, Own, Operate, Transfer) […] Read more
