The Top 5: Most Attractive Countries for Renewable Energy Investment Updated On Wed, Jul 27th, 2022 by Saurenergy The governments around the world are looking to accelerate and broaden the scope of their renewables programs. The investors are looking out for the most attractive countries for Renewable Energy investment. But the world stands at the turn to future of energy facing dual visions – need of self-reliance in energy sector in a highly […] Read more
APTEL Provides Relief To CSP Developers On Force Majeure Grounds Updated On Wed, Jul 27th, 2022 by Saurenergy In an important judgement that will hopefully close the chapter on a festering dispute, the Appellate Tribunal for Electricity (APTEL) has allowed multiple developers stuck with Concentrated Solar Thermal (CSP) projects to get relief from liabilities, caused due to lower DNI (Direct Natural Irradiance) than they had assumed when bidding. The developers impacted include Godavari […] Read more
With 90% Growth In PAT In Q1 FY23, Tata Power Rides 48% Jump In Revenues Updated On Tue, Jul 26th, 2022 by Saurenergy One of India’s largest integrated power companies, Tata Power has today announced its results for Q1FY23 reporting a 90% YoY increase in consolidated quarterly PAT as compared to Q1FY22, registering its 11th consecutive year-on-year quarterly growth in PAT. Quarterly Highlights – Q1FY23 Tata Power’s consolidated PAT before Exceptional Items is up by 90% at ₹884 crore […] Read more
Kerala State Commission Turns Down KSEB Petition For Gross Metering, Net Billing Updated On Tue, Jul 26th, 2022 by Saurenergy In an important order last week, the Kerala Electricity Regulatory Commission (KSERC) has turned down the plea of the state discom, Kerala State Electricity Board Ltd (KSEB) for modification of the net metering rules as applicable in the state to gross metering and a net billing regime. KSEB had also made a plea for the […] Read more
German Bank KfW Will Lend Colombia $203.8m For Green Energy Transition Updated On Tue, Jul 26th, 2022 by Saurenergy Germany will lend Columbia about USD 203.8m in two stages to help the latter achieve green energy transition and become energy-independent. According to a report, Germany’s state owned development bank KfW has released a statement that it will facilitate the loan transfer so that Columbia can rollout renewable energy projects. KfW executive Christiane Laibach has […] Read more
MasTec to Acquire Infrastructure and Energy Alternatives (IEA) Updated On Tue, Jul 26th, 2022 by Saurenergy MasTec and Infrastructure and Energy Alternatives (IEA) have announced signing an agreement under which MasTec will acquire all of the outstanding shares of IEA in a cash-and-stock transaction. Each IEA share is valued at $14.00. The official statement of MasTec said that the transaction has been unanimously approved by the Boards of Directors of both […] Read more
Cypress Creek Acquires 400 MW Storage From Black Mountain Updated On Tue, Jul 26th, 2022 by Saurenergy USA-based renewable energy player Cypress Creek Renewables has added 400MW/600MWh to its storage portfolio after acquiring four Texas standalone energy storage projects from Black Mountain Energy Storage (BMES). The projects, each 100MW, are located throughout the Electric Reliability Council of Texas (ERCOT) market and are currently under development. Cypress Creek said that it will continue […] Read more
Ncondezi Energy Looking To Install 300 MW Hybrid Storage In Mozambique Updated On Tue, Jul 19th, 2022 by Saurenergy Ncondezi Energy, Mozambique, Africa based power company has started a feasibility study on the hybrid solar-storage system market in Mozambique. As per the company, the goal of this feasibility study is to determine whether the city of Tete is a viable location for a solar project with a 300 MW maximum generation capacity and a […] Read more
GreenZo, API Power To Build 50 MW Green Hydrogen Plants In Nepal Updated On Tue, Jul 19th, 2022 by Saurenergy Delhi based solar energy developer GreenZo Energy has said that it has signed a Memorandum of Understanding (MoU) with Nepal based power company API Power for the development of 50 MW green hydrogen plants in Nepal. The plants will come up within a span of 3 years. The pact was signed in Kathmandu. Describing the […] Read more
