Badeel, ACWA Power To Invest Over $3 billion For 4.5 GW Solar Projects In Saudi Arabia Updated On Mon, May 22nd, 2023 by Saurenergy Providing thrust to the new wave of solar power development in Saudi Arabia, the Water and Electricity Holding Company (Badeel) and ACWA Power have signed Power Purchase Agreements (PPAs) with the Saudi Power Procurement Company (SPPC) for the development and operation of three major new solar IPP projects. Badeel is fully owned by the Public […] Read more
MRF To Buy 19% Stake In First Energy For Solar Power Purchase Updated On Wed, May 17th, 2023 by Saurenergy Global vehicular tyre manufacturer MRF has said it will be picking up a stake of upto 19.10 per cent in First Energy 4 Pvt Ltd. The contract value disclosed by MRF in the announcement has been estimated to be Rs 13.09 crore. The renewable energy firm develops, constructs, operates, and maintains renewable energy-based power plants […] Read more
TP Saurya Joins Hands with Tata Power Trading Company for 200 MW Solar Project in Rajasthan Updated On Fri, May 12th, 2023 by Saurenergy TP Saurya Limited (TPSL), a subsidiary of Tata Power Renewable Energy Limited (TPREL) has signed a Power Purchase Agreement (PPA) with Tata Power Trading Company Limited (TPTCL) to set up a 200 MW (280 MW) solar project at Bikaner in Rajasthan. The plant will be commissioned by March 2024. TPTCL has entered into a PPA […] Read more
MSEDCL Gets Nod For Long-Term Solar Power Procurement At Rs 2.90/unit Updated On Fri, May 12th, 2023 by Saurenergy The Maharashtra Electricity Regulatory Commission (MERC), in its latest judgment, allowed the Maharashtra State Electricity Distribution Company (MSEDCL) to procure solar energy from the state’s 500 Megawatt (MW) grid-connected intra-state solar projects (Phase-IX) at the rate of Rs 2.90 per kilowatt. The decision came after the discom moved the Commission seeking their approval. The discom, earlier […] Read more
PTC To Purchase 100 MW Solar Power From Brookfield Renewables Updated On Wed, May 10th, 2023 by Saurenergy PTC India – that offers power trading solutions – has announced that it has inked an agreement with Brookfield Renewables. Under the scheme of things, PTC India will purchase 100 MW of solar energy from Brookfield on a long term basis. The agreement says that there is also an option to raise the power capacity […] Read more
KKR Purchases $550 Million Loan Of SunPower Updated On Thu, May 4th, 2023 by Saurenergy North American residential solar technology and energy services provider SunPower and global investment firm KKR have signed a definitive agreement under which credit funds and accounts managed by KKR will commit to purchasing $550 million of solar energy loans made to SunPower customers. This transaction is expected to support SunPower Financial’s continued ability to offer […] Read more
NTPC Arm Bags 500 MW of RE Project from REMCL; Project Nine Renewable Power & Sprng Akshya Urja Other Winners Updated On Fri, Apr 28th, 2023 by Saurenergy REMCL (Renewable Energy Management Company) had declared the results for a 1000 MW renewable energy project. Of the 1000 MW capacity, 900 MW has been tendered. Energy conglomerate NTPC has announced that its arm NTPC Renewable Energy (NTPC-REL) has won a 500 MW renewable energy round-the-clock (RE-RTC) project of the tendered capacity. Sprng Akshya Urja […] Read more
OCI Solar Power Sells 110 MW Texas Solar Project to Mitsui Updated On Tue, Apr 25th, 2023 by Saurenergy Just as Joe Biden administration is pushing up the renewables in the USA through legislative and administrative exercise, Texas based utility-scale developer OCI Solar Power has announced that it has sold a 110 MW construction-ready, solar photovoltaic project to Mitsui & Co., Ltd. The solar power project is located in Hill County, Texas named ‘Three […] Read more
Govt Orders Implementing Scheme On Pooled Tariff Of Older Power Plants From July 1 Updated On Fri, Apr 21st, 2023 by Saurenergy The Ministry of Power, in its latest notification, has asked all states and other concerned institutions to take necessary actions to implement the proposed scheme of pooling tariffs of older thermal power plants whose Power Purchase Agreements (PPAs) have expired. The scheme aims to use the power generation capacity of thermal power plants older than 25 […] Read more
