GST Rate Hike: CERC Orders Compensation To Ayana, Adani & Ostro Updated On Mon, May 20th, 2024 by Saurenergy The Central Electricity Regulatory Commission (CERC) in three different cases ordered compensation to three different companies. The central regulator passed the order while hearing the pleas of the three firms related to ‘change of law’ events. These companies included-Ayana Renewable Power One Pvt Ltd, Adani Hybrid Energy Jaisalmer Three Limited and Ostro Kannada Power Pvt […] Read more
NTPC-REL Seeks Bids For 225MW Solar Project At GSECL Solar Park At Khavda Updated On Mon, May 20th, 2024 by Saurenergy NTPC Renewable Energy Limited (REL) has invited bids for the development of a 225MW grid-connected solar PV project at Gujarat State Electricity Corporation Limited (GSECL) solar park (Stage-III), at Khavda. NTPC-REL invited online bids from eligible bidders on a single-stage two-envelope (i.e. Envelope-I: Techno-Commercial Bid and Envelope-II: Price Bid) basis. The tender includes the supply […] Read more
Solar Decathlon India 2023-24 Challenge Winners Announced Updated On Mon, May 20th, 2024 by Saurenergy Solar Decathlon India (SDI), aimed at building the next generation of leaders to combat climate change in India, is an annual student competition for undergraduate and postgraduate students from Indian academic institutions to develop innovative, net-zero energy-water and climate-resilient solutions for the building sector in India. The final event was held at Infosys’ campus in […] Read more
Stonepeak, CHC Form Japanese Battery Energy Storage Platform Updated On Fri, May 17th, 2024 by Saurenergy Stonepeak, an alternative investment firm specialising in infrastructure and real assets, and CHC, a battery energy storage system project development and electricity data management company headquartered in Singapore, have announced the creation of a platform focused on the development, construction, and operation of energy storage projects in Japan. The platform will focus on developing, constructing, […] Read more
SaurEnergy Explains: A Guide to Green Power Trading Updated On Fri, May 17th, 2024 by Saurenergy The world has witnessed exponential growth in the renewable energy sector, particularly over the last decade, as the importance of renewable energy has become common knowledge. According to one IRENA report, 2023 set a new record in renewables deployment in the power sector by reaching a total capacity of 3,870 Gigawatts (GW) globally. Furthermore, renewables […] Read more
Enfinity Global Finances 1.2 GW Solar, Wind Power Plants In India Updated On Thu, May 16th, 2024 by Saurenergy US-based Enfinity Global Inc., today announced that it has signed $135 million in financing for the development and construction of 1.2 GW of solar and wind projects in India. The financing is being provided by the Canada Pension Plan Investment Board (CPP Investments) through subsidiaries of CPPIB Credit Investments Inc. The projects in this portfolio, […] Read more
India’s Annual RE Capacity To Remain At 15-18GW Over FY25-FY26: Report Updated On Thu, May 16th, 2024 by Saurenergy India Ratings and Research (Ind-Ra) expects the annual renewable capacity addition to maintain pace and remain at 15-18GW over FY25-FY26, owing to a significant reduction in equipment prices, continued policy support, availability of liquidity and investment plans of some of the large corporate players in the renewable sector for growth. However, the execution timelines of […] Read more
IEX Year End Review: DAM Prices Witness A Decline In FY24 Updated On Thu, May 16th, 2024 by Saurenergy Indian Energy Exchange (IEX) in its audited financial results for the fourth quarter & year ended March 31, 2024, found a total volume in FY24 to reach 110.1 BU which is a 13.7% YoY increase. In the audited standalone IEX financial results for the fourth quarter and financial year ending March 31, 2024, the company reported an increase in its revenue in FY’24 at Rs.550.8 […] Read more
Bhilai Steel Plant To Setup Solar Plant In Its Township Updated On Thu, May 16th, 2024 by Saurenergy The Steel Authority of India (SAIL) flagship plant, Bhilai Steel Plant (BSP), plans to increase its green energy efforts by putting in solar power systems throughout its township and grounds. To carry out solar power generation projects, BSP and the Chhattisgarh State Renewable Energy Development Agency (CREDA) have inked a memorandum of agreement. With the […] Read more
