Azure Power Hopeful of No Price Markdowns As PSA’s Finally Start on Its 4 GW Mfg Linked Win Updated On Thu, Sep 2nd, 2021 by Saurenergy At an analyst call post its Q1 results for 2022-23, Azure Power CEO Ranjit Gupta expressed the hope that there will be no price markdowns on the winning bid rates, for its 4 GW tender manufacturing linked tender wins. Azure had won a total project capacity of 4 GW, even as Adani Green Energy won […] Read more
Wind Energy Accounted for 42% New U.S. Capacity in 2020 Updated On Wed, Sep 1st, 2021 by Saurenergy More wind energy was installed in 2020 than any other energy source, accounting for 42% of new U.S. capacity, says the U.S. Department of Energy (DOE). By contrast, solar amounted to only 38% of new capacity last year. The U.S. wind industry supports 116,800 jobs. The DOE has released three reports showing record growth in […] Read more
CERC Rejects Phelan Energy’s Prayer to Review Old Order by SECI Updated On Wed, Sep 1st, 2021 by Saurenergy The Central Electricity Regulatory Commission (CERC) has rejected the review petition of solar developer Phelan Energy India RJ Pvt. Limited, which was filed in relation to an order passed by the Solar Energy Corporation of India Limited (SECI) in 2019. Phelan Energy stated before CERC that in an order passed in October, 2019, SECI had […] Read more
Azure Power Q1 Results. 7% QoQ Growth, Back Into Profits Updated On Wed, Sep 1st, 2021 by Saurenergy Azure Power, one of the leading solar power developers from India, and listed on the New York Stock Exchange (NYSE), has announced its Q1 results. The Firm had the following key highlights to showcase: Megawatts (“MW”) Operating* were 2,052 MWs, as of June 30, 2021, an increase of 23% over June 30, 2020. Operating, Contracted & Awarded […] Read more
Odisha EV Policy 2021: Targets 20% EV Registrations by Mid-decade Updated On Tue, Aug 31st, 2021 by Saurenergy The Odisha Government has released the Electric Vehicle (EV) Policy, 2021, which aims to accelerate the adoption of EVs, especially in the category of electric two-wheelers (E2W), three-wheelers (E3W), and light motor vehicles (E4W). The Government of India has adopted a National Electric Mobility Plan to cut its emission intensity by 35% below levels by […] Read more
ONGC to Expand RE Portfolio Through Offshore Wind Updated On Tue, Aug 31st, 2021 by Saurenergy Oil and Natural Gas Corporation (ONGC) is planning to generate electricity from wind at its vast offshore acreage in order to expand its renewable energy portfolio. Owned by the Ministry of Petroleum and Natural Gas, Government of India, ONGC has oil and gas fields both in the Arabian Sea and Bay of Bengal. That experience […] Read more
MNRE Notification Extends Deadline for PM KUSUM Component A Completion Updated On Tue, Aug 31st, 2021 by Saurenergy The Ministry of New and Renewable Energy (MNRE) has published a notification extending the deadline for projects allotted under Component A of PM KUSUM scheme to March 31, 2022. Component A refers to ground mounted projects on barren/waste land owned by farmers or in rural areas, with an overall target of 10,000 MW of such […] Read more
New Green Standards Proposed for Power Gen Companies in Singapore Updated On Tue, Aug 31st, 2021 by Saurenergy In order to reduce its carbon footprint, Singapore has proposed new green standards for power generation companies operating in the country. The country currently relies on natural gas — a fossil fuel — to fulfil over 95% of its energy needs. However, in April this year, the island nation achieved its target for the year […] Read more
Australia’s Emissions Dropped 5% in 2020 Amid Pandemic Restrictions Updated On Tue, Aug 31st, 2021 by Saurenergy Australia’s greenhouse gas emissions fell 5.3% during the first year of the coronavirus pandemic, according to government data. Emissions for the year to March 2021 are estimated to be 494.2 Mt carbon dioxide equivalent (CO2-e). This is 5.3% (27.8 Mt CO2-e) less than the previous year and is the lowest emission level recorded in the […] Read more
