The Renewable Energy Developers Whose Plans Will Shape India’s Solar Targets Updated On Thu, May 9th, 2024 by Saurenergy India reached a notable milestone in renewable energy by adding a record-breaking 18.48 GW in 2023-24, a 21 per cent increase from the previous year. As of March 31, 2024, India’s installed renewable energy capacity stood at 143.64 GW, excluding large hydropower projects. The country needs an annual addition of at least 50 GW for […] Read more
JSW Energy Q4 Results- Renewables Pipeline Climbs to 3.4 GW, WTG Manufacturing In Works Updated On Wed, May 8th, 2024 by Saurenergy JSW Energy Limited reported its results for the quarter (“Q4 FY24” ) and the financial year FY24 ended March 31, 2024, on May 7. FY2024 – Delivering Sustainable Growth JSW Energy delivered a strong performance in FY24, achieving the highest-ever EBITDA of ₹5,837 Crore. The company made significant strides towards the outlined target of 20 […] Read more
India Issued 69GW+ Renewable Tenders In FY24, Says IEEFA Report Updated On Mon, May 6th, 2024 by Saurenergy The Institute of Energy Economics and Financial Analysis (IEEFA) in its latest report indicated a record 69+ Gigawatt (GW) of renewable energy tenders in India in 2023-24. This is against the Indian government’s own annual target of 50 GW. The global energy think tank attributed this to the strong push from the Union government at […] Read more
CERC Terms SC Order On GIB As ‘Change Of Law’, Awards Compensation To Azure Updated On Mon, May 6th, 2024 by Saurenergy The Central Electricity Regulatory Commission (CERC) in a significant judgment termed the 2021 Supreme Court order on the Great Indian Bustards (GIB) as a ‘Change of Law’ event. It also granted compensation to Azure Power Maple Private Limited on account of its alleged additional expenditures. The case came to light after the petitioner Azure Power […] Read more
Adani Green Secures USD 400 Mn For 750 MW Power Projects Updated On Fri, May 3rd, 2024 by Saurenergy Adani Green Energy Ltd (AGEL) has announced USD 400 million in financing for its under-construction projects. Through this financing, the company extends support to its under-construction 750 MW solar projects in Rajasthan and Gujarat by a consortium of five leading international banks. The consortium of lenders is financing Adani’s projects that are expected to come online from […] Read more
AGEL Arm Wins Compensation Claim From CERC For Rajasthan Wind Solar Hybrid Project Updated On Fri, May 3rd, 2024 by Saurenergy In a petition brought forward as the developer of a 450 MW ISTS connected Wind-Solar Hybrid power project, entered between Adani Solar Energy Jaisalmer One Private Limited (formerly known as SBE Renewables Ten Projects Private Limited) and Solar Energy Corporation of India Limited seeking Change in Law compensation along with Carrying Cost, the CERC had […] Read more
CERC Declines Relief To Adani Firm Over Delayed Karnataka Wind Project Updated On Thu, May 2nd, 2024 by Saurenergy The Central Electricity Regulatory Commission (CERC) in its latest judgment declined to give relief to Adani Renewable Energy Seven Limited (ARSEL). The company had moved to the central commission seeking relief against any possible coercive action from the Solar Energy Corporation of India (SECI). The petitioner–ARSEL is a Special Purpose Vehicle (SPV) of its parent […] Read more
SJVN Suffers Setback At 15 MW Nangal Pond Floating Solar Project Updated On Mon, Apr 29th, 2024 by Saurenergy The 15 MW Nangal pond project in Himachal Pradesh, being developed by SJVN, and considered the largest floating solar project under construction in North India, has suffered a setback. Reports confirm that the installation work at the plant has suffered due to damage caused to modules already installed by weather related phenomenon. The project, taken […] Read more
CERC Allows Fortum Subsidiary To Retain Connectivity For 300 MW Karnataka Project Updated On Thu, Apr 25th, 2024 by Saurenergy In an interesting order earlier this week, the Central Electricity Regulatory Commission allowed SolarOne Energy Private Limited, a subsidiary of Finnish major Fortum, to retain 300 MW connectivity it had been allotted from the Central Transmission Utility of India Limited (CTUIL). The issue arose after CTUIL moved to cancel connectivity citing failure to sign PPA […] Read more
