IndiGrid InvIT Completes Rs 660 crore Acquisition Of Fotowatio’s India Solar Assets Updated On Wed, Jul 14th, 2021 by Saurenergy IndiGrid, the Infrastructure investment trust (InvIT) has announced the formal acquisition of the entire stake in two solar energy assets with cumulative capacity of 100 MW from Spanish developer Fotowatio Renewable Ventures (FRV) at an enterprise value of Rs 660 crore. The firm had actually made a regulatory filing on these back in December 2020. […] Read more
APERC Approves Cancellation of Two Wind PPAs, Orders Discom to Pay Compensation Updated On Wed, Jul 14th, 2021 by Saurenergy The Andhra Pradesh Electricity Regulatory Commission (APERC) has issued a new order, ruling that the power purchase agreements (PPAs) entered into by wind developers Vibrant Greentech and Chaitanya Projects with the Southern Power Distribution Company of Andhra Pradesh (APSPDCL) were not binding for the state distribution company. The ruling came in response to the petitions filed […] Read more
MERC Signals Go Slow On AEML’s RE Procurement Plans for Mumbai Updated On Tue, Jul 13th, 2021 by Saurenergy The Maharashtra Electricity Regulatory Commission (MERC) has issued a new order, allowing Adani Electricity Mumbai Ltd (AEML) to initiate the bidding process for the procurement of power upto 500 MW on round the clock (RTC) basis from grid connected renewable energy power projects, complemented with other non-renewable energy source. The commission has partly accepted AEML‘s […] Read more
Lightsource bp Raises Euro 52M For 100MW Solar Projects in Spain Updated On Tue, Jul 13th, 2021 by Saurenergy European solar developer Lightsource bp has successfully raised a Euro 52 million term loan from leading financial backers for its Barrica solar projects in the Aragon region of Spain, giving the green light for construction to begin on two 49.5MWp solar sites. Leading financial backers include Banco Sabadell, Natwest, Santander, and Intesa Sanpaolo, which provided the necessary financial […] Read more
Except Two, All Union Territories and Goa Fail to Meet RPO Targets FY21, Shows JERC’s Analysis Updated On Thu, Jul 8th, 2021 by Saurenergy Except Chandigarh and Andaman & Nicobar Islands, all other union territories and Goa have failed to achieve their solar renewable purchase obligation (RPO) targets, shows the Joint Electricity Regulatory Commission (JERC)’s analysis of RPO targets for 2020-21 based on the data received from the regions under its jurisdiction. The full analysis can be accessed here. […] Read more
GERC Proposes to Limit Net Metering Till 10 kW for Rooftop Solar Updated On Wed, Jul 7th, 2021 by Saurenergy The Gujarat Electricity Regulatory Commission (GERC) has released a draft notification that is aimed at amending the Gujarat Electricity Regulatory Commission (Net Metering Rooftop Solar PV Grid Interactive Systems) Regulations, 2016. The new regulations will come into force with effect from the date of their publication in the Official Gazette. Net metering is a utility billing […] Read more
SECI Wins Crucial Case At APTEL On Trading Margins, For Now Updated On Tue, Jul 6th, 2021 by Saurenergy The Ruling against orders by the Delhi and Punjab regulators will be a relief to the central agency. In a detailed 77 page judgement delivered on July 2nd, a two judge bench of the Appellate Tribunal For Electricity (APTEL) had delivered welcome news to SECI (Solar Energy Corporation of India) on its precious trading margin […] Read more
Andhra Pradesh Announces Financial Assistance for Solar Rooftop Plants Updated On Mon, Jul 5th, 2021 by Saurenergy Andhra Pradesh Eastern Power Distribution Corporation Limited (APEPDCL) announced last week that residential customers interested in installing grid-connected rooftop solar (RTS) plants would now be entitled to receive central financial assistance. The Ministry of New and Renewable Energy (MNRE) has sanctioned 8MW capacity in the residential sector under Phase II of the RTS program for […] Read more
Russian Yandex Signs 5-year Wind PPA with Finnish Ilmatar Energy Updated On Thu, Jul 1st, 2021 by Saurenergy Yandex, a Russian internet company, has signed a 5-year power purchase agreement (PPA) for wind energy with Finnish renewable energy company Ilmatar Energy. Under the contract, Yandex will source renewable electricity from wind farms operated by Ilmatar to cover 100% of the energy needs for the company’s Mäntsälä data center in Finland. Delivery of renewable […] Read more
