News In Brief July 11: Solar At Chamunda Devi, Enfinity, ‘Copperstring’ Project Updated On Thu, Jul 11th, 2024 by Saurenergy KLK Ventures Illuminates Chamunda Mata Mandir With Solar-Powered Safety And Sustainability KLK Ventures Pvt. Ltd., a renewable energy solutions provider has completed a solar lighting installation project at Chamunda Mata Mandir in Himachal Pradesh. This project was undertaken in collaboration with HIMURJA, the state agency responsible for promoting renewable energy in Himachal Pradesh. US IPP […] Read more
IEX June Update- Prices Hold Steady As Demand Rises Updated On Wed, Jul 3rd, 2024 by Saurenergy Indian Energy Exchange (IEX), India’s premier electricity exchange, achieved electricity volume of 10,185 MU in June’24, marking a 24.7% year on year increase. The total monthly volume including certificates at 10,677 MU, increased 19.4% on year-on-year basis. For the first quarter of the fiscal year 2025, IEX achieved electricity volume of 28,178 MU, an increase […] Read more
DERC Issues Peer-to-Peer Energy Transaction Guidelines 2024 Updated On Fri, Jun 28th, 2024 by Saurenergy The Delhi Electricity Regulatory Commission (DERC) recently released Peer-to-Peer Energy Transaction Guidelines 2024. These guidelines aim to foster the use of renewable energy and provide additional income opportunities for prosumers. By leveraging innovative technologies and ensuring consumer savings, DERC has sought to enable prosumers and eligible consumers to securely and reliably buy and sell electricity […] Read more
Despite Record Investments, World Off Track For 2030 RE Target: EY Updated On Wed, Jun 19th, 2024 by Saurenergy Global accounting firm Ernst & Young (EY) recently reported a decline in overall global energy investments, failing to keep the world on track for the 2030 renewables targets. EY report found that, despite last year’s surge of US$1.8 trillion in clean energy investment, including US$660 billion earmarked for renewables, investment remains below the COP28 target of […] Read more
REC Trading At IEX Skyrockets, Sees 640% Growth In May Updated On Thu, Jun 6th, 2024 by Saurenergy The trading of Renewable Energy Certificates (REC) seems to have escalated at the Indian Energy Exchange (IEX), the power exchange data shows. The publicly-listed power exchange firm recently shared its data on the trading of its different products including RECs. IEX said that the renewable energy certificates (REC) trading in May stod at 1,055 MUs. […] Read more
Open Access Charges: When Solar Fails To Deliver Promised Savings Updated On Thu, May 23rd, 2024 by Saurenergy The concept of open access in the electricity market was introduced to foster competition and provide consumers with the freedom to choose their electricity suppliers. However, despite the potential for savings, the reality is that net landed solar electricity often does not result in significant cost reductions for end consumers. This outcome is largely due […] 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
Australia’s Largest Tender Expected To Add 6 GW Of Renewables Updated On Mon, Apr 22nd, 2024 by Saurenergy The Albanese government today announced its largest single tender for renewable energy in Australia, with the first auction as part of the reliable renewables plan set for late May. The Australian government through the national capacity investment scheme (CIS) tender targets to add 6 GW of new variable renewable energy projects for the National Electricity […] Read more
IEX February Update- DAM Price Falls 26% YoY To Rs 4.93/unit Updated On Tue, Mar 5th, 2024 by Saurenergy The Indian Energy Exchange, India’s premier electricity exchange, achieved 9,462 MU overall volume in February’24, marking a 15.4% year-over-year increase. The Market Clearing Price in Day Ahead Market during February ‘24 was Rs. 4.93/unit, down approximately 26% year-on-year, due to increased sell liquidity. The sell bids on the exchange (Day Ahead Market plus Real Time […] Read more
