CERC Moves On Pilot Project For Market Coupling Updated On Wed, Feb 7th, 2024 by Saurenergy Reports have confirmed that the Central Electricity Regulatory Commission (CERC) has ordered for a shadow pilot on market coupling of India’s power exchanges. The news confirms what has been suspected for long, that despite protestations of IEX the premier power exchange, and many other stakeholders, the government is determined to push ahead with market coupling […] Read more
January Power Market- IEX Reports Highest Ever Volumes, Green Power Slides Updated On Tue, Feb 6th, 2024 by Saurenergy Indian Energy Exchange (IEX), India’s leading electricity exchange, achieved the highest-ever total volumes in January 2024, reaching 10,893 million units (MU) – marking a 26.1% year-over-year increase. This volume comprises 9,137 MU from the conventional power market segment, 236 MU from the green market segment, and 15.20 lakh Renewable Energy Certificates (RECs) (equivalent to 1,520 […] Read more
Cleantech Solar Raises Rs 6.25 Billion From Tata Capital for Indian RE Projects Updated On Thu, Feb 1st, 2024 by Saurenergy Singapore headquartered Cleantech Solar has successfully secured a substantial long-term senior secured loan facility of Rs 6.25 billion from Tata Capital Limited. This funding is earmarked for bolstering its open access portfolio within India. Cleantech Solar stands as a prominent provider of renewable energy solutions catering to corporate entities across India and Southeast Asia. It […] Read more
ADB Issues its Largest Local Currency Green Bond in Indian Rupees Updated On Wed, Jan 31st, 2024 by Saurenergy The Asian Development Bank (ADB) has raised 12.5 billion Indian rupees (about $150 million) through its largest local currency green bond issue to date. The issue is structured as a 4-year currency-linked bond, with a bullet repayment at maturity and carrying a fixed interest rate of 6.72% per year, ADB said in a media release […] Read more
IEX December Market Update- Green Market Slide Continues with 60% Drop Updated On Thu, Jan 4th, 2024 by Saurenergy Indian Energy Exchange,(IEX) India’s premier energy exchange, achieved 9,707 MU overall volume in December’23, including 10.52 Lac Renewable Energy Certificates (RECs) (equivalent to 1052 MU), marking a 14.9% increase on YoY basis. IEX achieved 8,655 MU total electricity volume in December 2023, registering an increase of 8.7% on YoY basis. For the third quarter of […] Read more
Growatt’s WIT+APX Energy Storage System Aims For Emerging Storage market Updated On Wed, Jan 3rd, 2024 by Saurenergy Growatt’s ‘WIT+APX’ C&I energy storage system, designed for commercial, industrial, and micro-grid scenarios, offers eight distinct application modes: self-consumption, peak shaving, demand charge, power expansion, micro-grid, backup power, and power quality. The flexibility to meet the requirements of diverse customer needs is a function of not just the product design, but the firm’s belief that […] Read more
Top 12 Trends Of 2023 That Created Ripples In Indian Renewable Sector Updated On Tue, Jan 2nd, 2024 by Saurenergy For India, forming a backdrop to the whole year was the softening in global module prices, continuation of ALMM exemptions, and of course, the noise around carbon credits and green hydrogen. Which events actually made an impact? Which ones stood out and are most likely to make a real impact, and soon? We present below […] Read more
Chinese TOPCon Cell Major Jietai Solar Takes Aim At India, Turkey Markets Updated On Wed, Dec 20th, 2023 by Saurenergy Amidst all the uncertainty on ALMM exemption continuing beyond March next year, or India’s push for manufacturing progress in the solar supply chain, a key Chinese cell maker is still hopeful of making inroads into the Indian market. The firm, with a network spread across Jiangsu (marketing), Jiangxi (Industrial), and Anhui (Industrial) province in China […] Read more
India Has An Opportunity In Solar Cell Manufacturing In US Market: Devesh Sharma, Navitas USA Updated On Tue, Dec 12th, 2023 by Saurenergy The Inflation Reduction Act in the USA has paved the path for a number of Indian solar manufacturing firms to set up manufacturing units in the US market. Prominent among them is Gujarat-headquartered Navitas Solar, which announced a strategic collaboration in the US earlier. The firm, which is expanding its global footprint, will make its […] Read more
