KKR Backed Virescent Infra InvIT Raises Rs 460 Crores Updated On Wed, Sep 29th, 2021 by Saurenergy Virescent Infrastructure, the renewable energy platform sponsored by global investment firm KKR, has set up India’s first renewable energy infrastructure investment trust (“InvIT”), Virescent Renewable Energy Trust (“VRET”). VRET has raised Rs 460 crores (US$62 million) from a group of foreign and domestic investors. Leading the transaction, on behalf of its clients, is Alberta Investment […] Read more
Dupont Signs VPPA With NexEra Energy for 135 MW of Wind Energy Updated On Fri, Sep 24th, 2021 by Saurenergy DuPont (NYSE: DD) announced on September 23 that it has signed a virtual power purchase agreement (VPPA) with a subsidiary of NextEra Energy Resources, LLC with a generation capacity of the equivalent of 135 megawatts of new wind energy in Texas. The agreement, subject to customary performance conditions, supports DuPont’s Acting on Climate goal of reducing […] Read more
Tariff Markdown on Manufacturing Tender. Unfair For Developers? Updated On Tue, Sep 21st, 2021 by Saurenergy Even as SECI continues to provide positive tidings in terms of finally finding buyers for the power from the manufacturing linked solar tender that has been pending since last year, the news of markdowns can’t be good for relevant stakeholders. Readers will recall that these tenders had a tough time finding takers for a long […] Read more
SECI’s 1000 MW PSA Signing with TANGEDCO, Vital Step Forward For Mfg. Linked Tender Winners Updated On Mon, Sep 20th, 2021 by Saurenergy It says something for the dearth of good news we have had in the solar sector, that firms and even government bodies have taken to highlighting every step of the process from planning to tenders to winners to even the signing of PSA’s (power sales agreement) and PPA’s (Power Purchase Agreement) now. The backlog of […] Read more
EDF Renewable Arm Buys 270 MW US Solar Project from Galehead Updated On Thu, Sep 16th, 2021 by Saurenergy EDF Renewables (EDFR), the renewable arm of the French utility EDF Group, has bought a 270 megawatt (MWdc) solar development project in the MISO Central region from Galehead Development, an independent Boston-based energy development platform. A leading independent power producer and service provider, EDFR has 35 years of experience in renewable energy. When completed the solar […] Read more
VP Naidu Inaugurates Amp Energy’s 2.4MW Solar Plant in Puducherry Updated On Wed, Sep 15th, 2021 by Saurenergy Amp Energy India has commissioned a 2.4 MW solar power plant at Pondicherry University in the Union Territory of Puducherry. The plant was inaugurated by Vice President M Venkaiah Naidu on 13th September, 2021, in the presence of the Dr Tamilisai Soundararajan, Lt Governor of Puducherry & Chief Rector of Pondicherry University; N Rangasamy, Chief […] Read more
U.S. Solar Prices Rise, Despite 5.7GW Capacity Addition in Q2: WoodMac Updated On Wed, Sep 15th, 2021 by Saurenergy Despite the addition of 5.7 gigawatts (GWdc) of solar capacity in Q2 2021, supply chain constraints are leading to price increases across every solar market segment, according to the U.S. Solar Market Insight report released today by the Solar Energy Industries Association (SEIA) and Wood Mackenzie, a Verisk business. This is the first time that […] Read more
Indonesia Ramping Up Solar Capacity to Meet 18 GW Target For 2025: Report Updated On Tue, Sep 14th, 2021 by Saurenergy Indonesia is considering how to reduce its growing greenhouse gas emissions. A moratorium on new coal power plants bodes well for growth of solar power in Indonesia. Yet harnessing solar power requires government action such as improving transparency around power purchase agreements and revising long- term power plans. A new report, jointly produced by BloombergNEF, […] Read more
CERC Adopts Rs. 2.63/kWh Tariff for 300 MW Solar Project Updated On Thu, Sep 9th, 2021 by Saurenergy In a recent order, the Central Electricity Regulatory Commission (CERC) has accepted NTPC Limited’s petition to adopt the tariff of Rs. 2.63/kWh and a trade margin of Rs. 0.07/kWh for a 300 MW solar project. In 2019, NTPC (formerly National Thermal Power Corporation Limited) had issued a request for selection (RfS) for setting up 1,200 […] Read more
