CERC Turns Down PSEPL’s Petition Against NTPC to Refund Liquidity Damages Updated On Thu, Sep 22nd, 2022 by Saurenergy The Premise of the Order Power Purchase Agreements dated 04.08.2016 were entered into between the petitioner – Parampujya Solar Energy Private Limited (PSEPL) and the respondent, NTPC. The petitioner is now seeking directions to NTPC Limited to accept the impact of Force Majeure events and extend the Scheduled Commissioning Date of the Project of the […] Read more
APTEL Permits Adani Green To Claim Carry Costs Based On Change In Law Interpretation Updated On Thu, Sep 22nd, 2022 by Saurenergy After facing rejections at the Central Electricity Regulatory Commission (CERC) and State Electricity Regulatory Commission’s (SERCs), Adani Green Energy had something to celebrate early this week when the Appellate Tribunal For Electricity (APTEL) permitted their plea for allowing carrying cost pass-through under the “Change in Law” definition of most PPAs. The Tribunal ordered CERC to […] Read more
Citizens Financial Group to Source 100% Renewable Power from Ørsted Updated On Thu, Sep 22nd, 2022 by Saurenergy Rhode Islands-based Citizens Financial Group has announced that it has entered into a power purchase agreement (PPA) with Ørsted to support the construction of the Sunflower Wind Project that will match 100% of Citizens’ power consumption across its entire operational footprint with renewable energy credits. Citizens said the Sunflower Wind Project is a 200 MW […] Read more
What Are Climate Bonds? Updated On Wed, Sep 21st, 2022 by Saurenergy According to the United Nations’ Intergovernmental Panel on Climate Change estimates, limiting the global temperature increase to 2 degree Celsius, the goal of the Paris Agreement, will require about $3 trillion of investment every year to 2050. Raising such huge investments is a challenge. To tackle it, governments and corporations are increasingly turning to Climate […] Read more
GSECL Issues Tender for PMC Services for Setting Up Floating Solar Plant Updated On Mon, Sep 19th, 2022 by Saurenergy Gujarat State Electricity Corporation Ltd (GSECL) has invited bids for consultancy service for “rate contract for feasibility study, preparation of DFR/DPR and providing project management consultancy (PMC) services for setting up of the floating solar plant in Gujarat at various locations by GSECL for two years.” The last date for submitting the online bid is […] Read more
Qcells Launches Heating, Energy Solutions for European Energy Problems Updated On Mon, Sep 19th, 2022 by Saurenergy South Korea-based Qcells, a major manufacturer of photovoltaic solar cells, has announced the introduction of a ‘comprehensive energy management solution’ which it claims can help reduce electricity and heating bills of the European households. Qcells is a clean energy solution provider owned by Hanwha Solutions. The official statement of Qcells held that connecting its solar […] Read more
New York’s Solomon Community Solar Launches Carbon Offset Program Updated On Mon, Sep 19th, 2022 by Saurenergy New York-based Solomon Community Solar has announced that it has launched a new program to address growing concerns about climate change called ‘ReBalance Green.’ Solomon Community Solar claims to be a leading community solar firm that has saved homeowners approximately $4.8 million every year in electricity costs. It markets community solar projects on behalf of […] Read more
Netherlands Cabinets Target 70 GW Offshore Wind by 2050 Updated On Mon, Sep 19th, 2022 by Saurenergy The Netherlands government has set an offshore wind power target of 70 GW that it says needs to be achieved by 2050. The new target is to further sustainability and green hydrogen manufacturing to combat the climate change challenges. The government assumes that by 2040, it will be able to generate about 50 GW of […] Read more
Agro-PV: Gauging India’s Agrivoltaics Potential Updated On Sat, Sep 17th, 2022 by Saurenergy According to the 2011 national census, agricultural and related sector activities employ 54.6% of the total workforce and contribute to 17.8% of the nation’s Gross Value Added (GVA). These stats show that despite the digital transformation that has taken place in the country, India is fundamentally an agrarian economy. Under its Mission 500GW, India has […] Read more
