Average Power Price in RTM Lowers to Rs 2.22 per Unit in June Updated On Thu, Jul 2nd, 2020 by Saurenergy The average spot power price in the RTM was at Rs 2.22 per unit in June, which is lower than Rs 2.35 per unit in the day-ahead market at the IEX. The average spot power price in the real-time market (RTM) in its first month of operation of June was at Rs 2.22 per unit, […] Read more
Siemens Gamesa to Shut Navarro Plant Amid Challenging Market Conditions Updated On Wed, Jul 1st, 2020 by Saurenergy Siemens Gamesa has decided to shut down its Navarro factory, which is not competitive in the market environment to produce blades for large turbine models. Siemens Gamesa Renewable Energy, one of the leading wind turbine supplier globally, has announced that the company needs to adapt to the challenging market conditions of the wind industry, characterised by […] Read more
TPG Forms RE Firm With Acquisition of 1 GW Portfolio From Trina Solar Updated On Wed, Jul 1st, 2020 by Saurenergy The Rise Fund, managed by alternative asset firm TPG, has announced the acquisition of approximately 1 GW of solar PV projects from Trina Solar. The Rise Fund, a global impact investing fund managed by alternative asset firm TPG, has announced the acquisition of approximately 1 gigawatt (GW) of solar PV projects from Changzhou, China-based Trina […] Read more
The Missing Element in the Proposed Electricity Act Reforms Updated On Tue, Jun 30th, 2020 by Saurenergy India is the third largest producer and consumer of electricity worldwide. But it still has one of the lowest per capita power consumption (1,181 kWh) as compared to the world’s average per capita power consumption, which stands high at nearly 2,700 kWh. Because of this, our nation faces the challenge of ensuring sound financial health […] Read more
Macquarie’s GIG and Enso Form JV for Solar and Battery Portfolio in UK Updated On Tue, Jun 30th, 2020 by Saurenergy Macquarie’s GIG and Enso Energy have formed a JV with the aim to create one of the UK’s largest subsidy-free solar and battery storage portfolios. Macquarie’s Green Investment Group (GIG) and Enso Energy have announced they are working together in a UK solar and battery development joint venture (JV). The partnership was established with the […] Read more
PFC, REC may Restrict Funding for Projects Using Chinese Equipment Updated On Tue, Jun 30th, 2020 by Saurenergy The government’s economic response against China may see public-sector financiers like PFC, REC restricting funding of projects that use equipment from the country The government’s economic response against China may see public sector financiers restricting funding of projects that use equipment from the neighbouring country. The practice would first be adopted in the power sector, […] Read more
KKR Acquires Stake in Philippines Based Power Producer ‘First Gen’ Updated On Mon, Jun 29th, 2020 by Saurenergy KKR has accepted all of the 427,041,291 common shares of First Gen, representing approximately 11.9 percent of its outstanding common shares. Global investment firm KKR has announced that, following the completion of the voluntary tender offer period by Valorous Asia Holdings, an entity owned by KKR investment funds, the Offeror has accepted all of the […] Read more
MEDA Tenders for Rooftop Solar Systems at 34 Health Centres in Nagpur Again Updated On Mon, Jun 29th, 2020 by Saurenergy MEDA has issued its tender for rooftop solar PV power plants under net metering at 34 primary health centres in Nagpur for a second time. The Maharashtra Energy Development Agency (MEDA) has issued its tender for the commissioning of grid-connected rooftop solar PV power plants under net metering at 34 primary health centres in Nagpur, […] Read more
Utility-Scale Solar Remains Off-Limits Across Solar Rich Southwest US: IEEFA Updated On Fri, Jun 26th, 2020 by Saurenergy The largest property owner in the US—the Bureau of Land Management (BLM)—has acreage set aside for utility-scale solar development on only 0.03 percent of the roughly 100 million acres it manages across the sun-rich Southwest, finds a report published by the Institute for Energy Economics and Financial Analysis. The report—Federal Land Agency Lags on Solar Development Approvals […] Read more
