APTEL Provides Relief To CSP Developers On Force Majeure Grounds Updated On Wed, Jul 27th, 2022 by Saurenergy In an important judgement that will hopefully close the chapter on a festering dispute, the Appellate Tribunal for Electricity (APTEL) has allowed multiple developers stuck with Concentrated Solar Thermal (CSP) projects to get relief from liabilities, caused due to lower DNI (Direct Natural Irradiance) than they had assumed when bidding. The developers impacted include Godavari […] Read more
With 90% Growth In PAT In Q1 FY23, Tata Power Rides 48% Jump In Revenues Updated On Tue, Jul 26th, 2022 by Saurenergy One of India’s largest integrated power companies, Tata Power has today announced its results for Q1FY23 reporting a 90% YoY increase in consolidated quarterly PAT as compared to Q1FY22, registering its 11th consecutive year-on-year quarterly growth in PAT. Quarterly Highlights – Q1FY23 Tata Power’s consolidated PAT before Exceptional Items is up by 90% at ₹884 crore […] Read more
Kerala Electricity Board Awards Hero Future Energies 10-MW Battery Storage Project Updated On Mon, Jul 25th, 2022 by Saurenergy Delhi-based renewable energy developer and the renewable arm of the Hero Group, Hero Future Energies (HFE), claimed last week that it has “emerged as a successful bidder” in the tender floated by the Kerala State Electricity Board (KSEB). The tender was for the construction of a 10 MW grid-connected energy storage plant in the state. […] Read more
TVS Motor Lines Up Fresh Investments Of Rs 1,000 Crore In EV Push Updated On Fri, Jul 22nd, 2022 by Saurenergy India took one step closer to green energy transition with TVS Motor committing Rs 1,000 crore to electric vehicles, a sizeable part of which will go into capacity expansion and building the EV product portfolio. The automobile major has decided to invest Rs 1,000 crore investment for the second consecutive year, gearing up to double […] Read more
Delta Crosses 6000 EV Charger Deployment Milestone in India Updated On Wed, Jul 20th, 2022 by Saurenergy Taiwan-based power and thermal management solutions manufacturer, Delta has announced that they have cumulatively delivered over 6000 electric vehicle (EV) charger to customers in India. According to Delta, this 6000 EV charger deployed initiative was made possible by close collaboration with key players in the EV charging infrastructure market, including major charge point operators like […] Read more
Odisha to Provide Solar Power Pumps to its Farmers Updated On Wed, Jul 20th, 2022 by Saurenergy Solar power is making some strides in the life of the ordinary citizens in the state of Odisha with intervention of the government through solar power. In a fresh development, State Minister for Industries, Pratap Keshari Deb spoke in the State Assembly that his government is targeting to provide 584 solar powered pumps to the […] Read more
Smarten Aims to Deploy 5000 Solar Units By The End of FY 2022 Updated On Tue, Jul 19th, 2022 by Saurenergy By implementing more than three megawatts of projects in Punjab, Haryana, and portions of Uttar Pradesh by June 2022, Haryana-based power-backup product producers Smarten has been solidifying its position in the institutional market in India. The company says that the deployment will benefit institutions save on their electricity bills, contributing to the environment & spread […] Read more
Indian Oil, NTPC Form JV For 650 MW RE Updated On Tue, Jul 19th, 2022 by Saurenergy India’s largest power producer state owned NTPC and Indian Oil Corporation Limited have formally inked a joint venture company recently, mandating the former to produce round-the-clock 650 MW renewable energy required by the upcoming projects of the refineries in Indian Oil. Released by the companies, a statement reads that the JV was necessitated by a […] Read more
Lowest Tariff Of Rs. 2.84/kWh Discovered In GUVNL 500 MW Wind Auction Updated On Mon, Jul 18th, 2022 by Saurenergy In Gujarat Urja Vikas Nigam’s (GUVNL) auction to buy power from 500 MW of grid-connected wind power projects, Rajpur Renewables, Juniper Green Energy, Solarcraft Power India 3, O2 POwer, TEQ Green Power XII, ACME Pokhran Solar, and Project Twelve Renewable Power were proclaimed winners (Phase-III). The greenshoe option for the tender had an additional capacity […] Read more
