MNRE Issues Revised Standards For PM-KUSUM Scheme Updated On Mon, Oct 7th, 2024 by Saurenergy The Ministry of New and Renewable Energy (MNRE) recently updated its standards and specifications for solar photovoltaic (SPV) systems under the PM-KUSUM scheme. The government proposed to update the standards and specifications to include new technology and improve eqiopment used in such projects. The government has sought recommendations from the stakeholders till October 31, 2024. […] Read more
GAIL and AMG enter into a 2.5 GW RE Agreement Updated On Mon, Oct 7th, 2024 by Saurenergy GAIL (India) Ltd and AM Green (AMG) signed a Memorandum of Understanding (MoU) for the development of up to 2.5 GW of solar-wind hybrid renewable energy projects across India. The deal would also involve a study on the utilization of around 350 kta (kilotons per annum) of CO2 generated by GAIL at its gas processing […] Read more
IEX September Update- Green Market Grows 214% Growth Updated On Mon, Oct 7th, 2024 by Saurenergy The Indian Energy Exchange, India’s pre-eminent electricity exchange, achieved total monthly volume (including certificates) of 11,370 MU in September’24, marking a 24% year on year increase. The electricity volume (including green electricity volume) during the month at 10,332 MU, increased 21% YoY. The renewable energy certificates (REC) at 1,031MU, increased 100% YoY. At Rs 110 […] Read more
Runergy Announces Commencing Module Manufacturing At Alabama Updated On Fri, Oct 4th, 2024 by Saurenergy Runergy has recently announced the commencement of production at its module manufacturing facility in Huntsville, Alabama, USA. This move represents an important step in Runergy’s expansion into the North American market. The facility is set to fulfill its first customer orders this October, marking a new chapter for both the company and the local community. […] Read more
Details of Solar Tariff Moves at US, Turkey And South Africa Updated On Thu, Oct 3rd, 2024 by Saurenergy October has started on a protectionist note for the solar sector, with news of solar tariffs being imposed on imports by three key markets, with the most significant of course being the US market. Helping these moves is of course the slump in Chinese solar manufacturing prices. themselves a result of overcapacity. That has made […] Read more
550 MW Solar, 770 MW Hydro Projects Mark Reliance Group (Anil) Foray Into Bhutan Updated On Thu, Oct 3rd, 2024 by Saurenergy The Anil Ambani led Reliance Group has entered into a strategic partnership agreement with Druk Holding and Investments Ltd. (DHI), the commercial and investment arm of the Royal Government of Bhutan, to undertake various initiatives aimed at bolstering the investment in the renewable and green energy landscape of Bhutan. Bhutan, incidentally is one of the […] Read more
H1: IREDA Loan Sanctions Rise 303%, Disbursements Grows 56% Updated On Tue, Oct 1st, 2024 by Saurenergy Indian Renewable Energy Development Agency Limited (IREDA),has reported a 303% growth in loan sanctions, rising to Rs. 17,860 crore in the first half of FY 2024-25, compared to Rs. 4,437 crore during the same period in FY 2023-24. These are provisional figures as of September 30, 2024. IREDA’s loan disbursements also showed significant growth, increasing […] Read more
Vikram Solar Joins IPO Line, Files DRHP Updated On Tue, Oct 1st, 2024 by Saurenergy Kolkata-based Vikram Solar Limited, a leading, and one of the earliest solar photo-voltaic module manufacturers at scale in India, has filed its draft red herring prospectus (DRHP) with SEBI to raise funds through an initial public offering (IPO). With over 15 years of industry experience as of 31 March 2024, Gyanesh Chaudhary led Vikram Solar […] Read more
India’s Luck With Falling RE Costs Could Run Out, And We Need to Be Prepared Updated On Tue, Oct 1st, 2024 by Saurenergy September saw some very interesting points to ponder over, as far as Renewable costs go. While we are all aware of the falling RE costs, especially in solar that have led to solar beating almost every estimate of capacity addition repeatedly, the situation has been very positive on the storage front as well. Yes, storage […] Read more
