MERC Increases Net-Metering Benefits For Rooftop Consumer Upto 5MW Updated On Mon, Nov 20th, 2023 by Saurenergy In its latest notification, the Maharashtra Electricity Regulatory Commission (MERC) allowed net-metering benefits for solar rooftop consumers up to 5 MW in Maharashtra. The state commission brought these changes with an amendment to the existing solar rooftop regulation of 2019. The notification amended several provisions of the MERC (Grid Interactive Rooftop Renewable Energy Generating Systems) […] Read more
UK, German Moves To Support Offshore Wind Point To Challenges Ahead Updated On Fri, Nov 17th, 2023 by Saurenergy Ørsted’s Travails World’s biggest offshore wind energy developer- Danish firm Ørsted on November 1 this year announced ceasing developing two of its proposed offshore wind projects in the United States (US) at the cost of around £3bn in penalties. These projects were slated to come up at New Jersey off the US coast. They had […] Read more
Australia’s Hydrogen & Renewable Energy Act 2023 Sees Light of Day Updated On Fri, Nov 17th, 2023 by Saurenergy Both the houses of the South Australian Parliament have cleared the Hydrogen and Renewable Energy Act 2023. Some areas of the state will benefit from the Act with respect to the generation of hydrogen and renewable energy. The legislative framework of Hydrogen and Renewable Energy Act 2023 looks to introduce a ‘one window to government’ […] Read more
RECPDCL Issues Request for Proposal For 1 GW Renewable Energy Updated On Fri, Nov 17th, 2023 by Saurenergy REC Power Development & Consultancy Limited has issued a Request for Proposal for the selection a transmission service provider through tariff based competitive bidding process to establish Inter-State Transmission system for transmission system for evacuation of power from renewable energy projects for 1000 MW in Rajgarh SEZ in Madhya Pradesh-Phase II. The last day to […] Read more
UK Supports Slumping Offshore Wind Sector With 66% Hike In Auction Prices Updated On Fri, Nov 17th, 2023 by Saurenergy The UK, which has been one of the largest offshore wind markets until now, has moved to limit the damage and recover lost ground after a series of offshore wind projects were threatened or cancelled. The projects in the UK, and other regions, notably the US, were all cancelled due to rising costs and maintainance […] Read more
Five Clean Energy Sectors Employ Around 9 million Workers: IEA Report Updated On Thu, Nov 16th, 2023 by Saurenergy A latest report from the International Energy Agency (IEA) titled World Energy Employment (WEE) 2023 mentions five sectors that employ around 9 million workers today. Among these sectors, solar PV is reported to be the largest, creating around 4 million jobs. On the other hand, manufacturing of EVs and their batteries has reportedly been the […] Read more
Current Growth Insufficient To Meet Global Net Zero Targets: KPMG Report Updated On Thu, Nov 16th, 2023 by Saurenergy A latest report from KPMG said that current developments across the world were not enough to meet the net zero targets globally. It said that governments and industry must deliver transformative change on net zero but are currently hamstrung by significant barriers, including global public debt, domestic tensions, increased opposition to decarbonization plans, and the […] Read more
Gensol Emerges as L1 in NHPC Green Hydrogen Mobility Station Tender Updated On Thu, Nov 16th, 2023 by Saurenergy Gensol Engineering Ltd., a firm that delves in the renewable energy and electric mobility sectors, has been identified as the lowest bidder for Engineering, Procurement and Commissioning (EPC) contract for a green hydrogen-based mobility station in Kargil, Ladakh. The NHPC mobility station tender was released in June, 2023. Gensol has emerged as the lower bidder […] Read more
Chinese Module Majors Feel The Pinch From Module Price Drop Updated On Thu, Nov 16th, 2023 by Saurenergy As financial results for Q3 come in, it is obvious that the pain of dropping module prices is beginning to impact major global players, especially the Chinese majors that dominate global markets. Except for pockets where buyers are from the US and Europe who consciously avoided Chinese players, revenues have sustained only on higher volumes, […] Read more
