Dutch Ignore Warnings, Impose ‘Super Profits’ Ceiling On Solar Power Updated On Mon, Dec 5th, 2022 by Saurenergy India’s ‘windfall profits’ levy on oil refining firms has found an echo in Netherlands. Except that the Dutch have proposed a price ceiling on renewable energy producers to curb excess profits. The government of the Netherlands announced a €130/MWh (US$136) profit ceiling for solar and wind generation as part of the EU’s established ‘intramarginal levy’ […] Read more
IEX Power Market Update For November Updated On Mon, Dec 5th, 2022 by Saurenergy The Indian Energy Exchange, India’s premier energy exchange, achieved 7764 MU total volume traded in November 2022, including Green Power trade of 354 MU, and 3.72 lac RECs (equivalent to 372 MU). The total electricity volume traded on the Exchange in November’22 was 7392 MU, an increase of 9% on YoY. However, the overall volume […] Read more
Solar Establishes Itself in 2022 in India With Growth, Highest Generation Share Among Renewables Updated On Fri, Dec 2nd, 2022 by Saurenergy The share of solar power is finally making a significant impact on total generation numbers, as October data from the Central Electricity Authority indicates. From a total installed capacity share of over 15% (61+ GW out of 408 GW of total installed capacity in India), in October, solar’s share in actual generation numbers also hit […] Read more
AMEA Power Closes Financing of 1 GW Solar, Wind Project for US$1.1 Bn in Egypt Updated On Thu, Dec 1st, 2022 by Saurenergy AMEA Power, a Dubai-based developer, owner and operator of renewable generation assets, has closed the financing of 1 GW of renewable energy projects. The projects, which are to come up in Egypt, entail a 500 MW solar PV plant and a 500 MW wind farm. The US$1.1 billion investment for the project has been provided […] Read more
Volkswagen’s Aurangabad Factory Adopts 100% Renewable Electricity Updated On Wed, Nov 30th, 2022 by Saurenergy By 2025, German motor vehicle manufacturer, the Volkswagen Group, hoped to have used only green energy (100% Renewable Electricity) at its Aurangabad site. Three years earlier than anticipated, the German automotive giant has already used only renewable energy at its Aurangabad production facility. In 2018, Skoda Auto Volkswagen India Private Limited (SAVWIPL) ordered the installation […] Read more
MNRE Extends Last Date for Draft Policy For 4-GW Offshore Wind Power in Tamil Nadu Updated On Tue, Nov 29th, 2022 by Saurenergy The Central Government has extended the last date for suggestions from the public for the development of offshore wind energy in Tamil Nadu to December 9, 2022 now. The information has been provided by the Ministry of New and Renewable Energy. The MNRE Ministry had released draft tender document for offshore wind on 14th November […] Read more
The Top 5: Why Data Centres Are A Favourite To Shift To Renewable Energy Updated On Tue, Nov 29th, 2022 by Saurenergy Whenever you use the internet, you’re connecting to one of the millions of servers distributed across hundreds of data centres located worldwide. Yes, these are the ‘cloud’ servers every digital user today is familiar with. While they are crucial for tech giants, people may not realise that these centres, with their extensive security requirements, and […] Read more
Ministry of Power Launches Scheme for Procurement of Aggregate Power of 4500 MW Updated On Mon, Nov 28th, 2022 by Saurenergy The Ministry of Power has launched a scheme for procurement of aggregate power of 4500 MW on competitive basis or five years on Finance, Own and Operate (FOO) basis under B (v) of Shakti policy. PFC Consulting Limited (a wholly owned subsidiary of PFC Ltd) has been designated as the nodal agency by the Ministry […] Read more
Free Solar Power Plant for 800 Houses in Kerala by KSEB Updated On Mon, Nov 28th, 2022 by Saurenergy In an announcement that might set a precedent for other Indian states to follow, the Kerala State Electricity Board (KSEB) will install rooftop solar power plants for 800 homes in Kerala. The breakup of this number will compose of 500 homes for the homeless as per the Life Mission Scheme. The remaining 300 will be […] Read more
