IEX Trades 7093 MU in June’21 with 48% YoY Growth Updated On Mon, Jul 5th, 2021 by Saurenergy The Indian Energy Exchange (IEX) traded 7093 MU of electricity volume in June’21 recording 48% YoY growth. According to the power demand data published by the National Load Dispatch Center, the national peak demand saw a 16% YoY increase, with the highest ever peak demand at 191.51 GW, while energy consumption at 115 BU grew […] Read more
Countries Investing in RE Enjoy Greater Economic Growth, says UK Study Updated On Mon, Jul 5th, 2021 by Saurenergy Researchers at the University of Sussex Business School and the University of Portsmouth have discovered that countries that invest more in renewable energy enjoy greater economic growth and lower levels of income inequality. The study, which analysed data from over 200 countries between 2000-2019, shows that renewable energy acts as a catalyst for reducing income […] Read more
IEX Q4 FY21 Results: ‘Unprecedented Performance’; Rs 100 Cr Revenues Updated On Fri, May 14th, 2021 by Saurenergy The Indian Energy Exchange (IEX) released its audited consolidated financial results for the fourth quarter ended March 31, 2021, today, announcing an “unprecedented performance” in the last fiscal year. The New Delhi-headquartered power trading exchange, which is regulated by Central Electricity Regulatory Commission (CERC), reported 37.3% YoY growth in electricity volumes in the last year. In […] Read more
Electricity Market at IEX Records All-time High Volume of 8248.52 MU in March 2021 Updated On Wed, Apr 7th, 2021 by Saurenergy The electricity market at IEX achieved an all-time high volume of 8248.52 MU in the month of March 2021 Spurred by the increasing demand for electricity across the various States, the electricity market at Indian Energy Exchange (IEX) achieved an all-time high volume of 8248.52 MU in the month of March 2021 surpassing all the […] Read more
Floating Offshore the Next Frontier in Wind Development in APAC: WoodMac Updated On Fri, Feb 26th, 2021 by Saurenergy Floating offshore could be the next frontier in wind power development in the Asia Pacific (APAC), according to Wood Mackenzie. The analysis finds that a significant market for floating offshore technology is emerging in Asia. With developers in Japan, South Korea and Taiwan having announced plans to develop key demonstration projects, although the scale of […] Read more
Wells Fargo & Ameresco to Install Solar Assets at Nearly 100 Wells Fargo Properties Updated On Wed, Feb 3rd, 2021 by Saurenergy New rooftop, carport and ground mount systems installed at Wells Fargo retail and corporate locations across the U.S. will generate about 45,000 megawatt hours annually Ameresco and Wells Fargo today announced a collaboration to develop and install approximately 30 megawatts (MW) of new, onsite solar generation assets at corporate and retail locations in seven states. […] Read more
Power Trading in Power Exchanges Exempted From new TDS and TCS Updated On Mon, Oct 5th, 2020 by Saurenergy The Central Board of Direct Taxes of India (CBDT) has exempted power trading transactions through online exchanges like Power Exchange India Ltd (PXIL) from the newly imposed section 194 (O) – TDS on E-Commerce Transactions & section 206C (1H) – TCS on Sale of Goods on an E-Commerce platform, of Income-tax Act, 1961. The Finance […] Read more
Captive Cogeneration Plants To Meet RPO Obligations Out Now, Says MERC Updated On Tue, Sep 1st, 2020 by Saurenergy In a ruling that will await final judgement on a challenge in the Mumbai High Court, the Maharashtra Electricity Regulatory Commission (MERC) has ruled to eject a petition from JSW Steel to consider power produced from its fossil fuel based co-generation plant as a set off for its Renewable Purchase Obligations (RPO) in the state. […] Read more
IEX, PXIL Make the Case for Reopening REC Trading Updated On Mon, Aug 31st, 2020 by Saurenergy IEX and PXIL have made a case for reopening the trading of renewable energy certificates (REC), citing the impact on the entire value chain. Energy exchanges IEX and PXIL have made a case for reopening the trading of renewable energy certificates (REC), saying the market closure is impacting the entire value chain in the electricity […] Read more
