NTPC Issues Bid For Green Hydrogen Component Makers In AP’s Proposed Industrial Hub Updated On Mon, Jan 8th, 2024 by Saurenergy NTPC Green Energy Limited (NGEL) has now issued a global tender seeking bids from manufacturing companies. The renewable arm of the NTPC said that applicants dealing with the manufacturing of products used in the generation and storage of Green Hydrogen and its derivatives could apply. NTPC Green wants to rope in such firms to set […] Read more
Nextracker Completes Separation from Flex, Now An Independent Firm Updated On Thu, Jan 4th, 2024 by Saurenergy Nextracker Inc. (Nasdaq: NXT), a leading global provider of intelligent solar tracker and software solutions, has announced the completion of Flex Ltd.’s spin-off of all of its remaining interests in Nextracker to Flex shareholders. This, together with certain other transactions relating to the spin-off also announced by Flex , resulted in a Nextracker ownership separation […] Read more
Adani Green Announces Completing 1050MW JV With TotalEnergies Updated On Tue, Jan 2nd, 2024 by Saurenergy Adani Green Energy Limited (AGEL) has announced completing the 1,050 MW joint venture (JV) with TotalEnergies. As part of the JV, TotalEnergies invested USD 300 million in the AGEL subsidiary to acquire a 50% stake in the projects. This follows the binding agreement about the JV announced between AGEL and TotalEnergies in September 2023. The […] Read more
MHI Extends PLI Scheme For Automobile and Auto Components By A Year Updated On Tue, Jan 2nd, 2024 by Saurenergy The Ministry of Heavy Industries (MHI) in its gazette notification announced an extension of the tenure of the Production Linked Incentive Scheme (PLI) for Automobile and Auto Components by one year. This decision was made after receiving the approval of the Empowered Group of Secretaries (EGoS). Auto manufacturing remains the core of India’s manufacturing base, […] Read more
MNRE Approved Bihar’s Proposal Under PM KUSUM (Comp-C): Minister Updated On Thu, Dec 28th, 2023 by Saurenergy The Ministry of New and Renewable Energy (MNRE) in its latest reply before the Parliament said that the ministry approved the proposal of Bihar under Component C of the PM-KUSUM scheme. MNRE Minister RK Singh in his written statement before the Lok Sabha said that the state had moved an application to the Centre seeking […] Read more
Ostro Energy Eligible For Compensation Due To Change In GST Rates: CERC Updated On Wed, Dec 27th, 2023 by Saurenergy The Central Electricity Regulatory Commission (CERC) in its latest judgement awarded compensation to Ostro Energy Private Limited, a renewable energy company. The compensation was awarded to it on account of surge in Goods and Services Tax (GST) after submitting its bid for a government project. As per the case details, Ostro Energy is a power […] Read more
Six Solar Manufacturing Companies Establish Alliance to Standardize 700W+ Modules Updated On Fri, Dec 22nd, 2023 by Saurenergy Trina Solar, a PV and energy storage solutions firm has announced that it has established a “Photovoltaic Open Innovation Ecological Alliance” with five other manufacturers. They claim that this joint initiative would bring standardizing in applying the design of 700W+ PV modules. Other companies that are part of the alliance are, Astronergy, Canadian Solar, Risen […] Read more
CERC Grants Compensation To Azure Power Over ‘Change of Law’ Events Updated On Fri, Dec 22nd, 2023 by Saurenergy In its latest judgment, the Central Electricity Regulatory Commission (CERC) allowed Azure Power compensation for ‘change of law’ events. These events were related to the Goods and Service Tax (GST) surge on solar products. The detailed order said that the case was related to three projects of Azure. This includes two 300 MW solar plants, each situated […] Read more
CERC Allows Compensation To RE Firm For Higher Duties On Solar Cells Updated On Mon, Dec 18th, 2023 by Saurenergy In its latest judgment, the Central Electricity Regulatory Commission (CERC) allowed compensation to a renewable energy company against the imposition of increased import duties on solar cells. The case was related to a Rajasthan-based solar project. On July 30, 2018, the Indian government imposed higher duties against the import of solar cells into India. On […] Read more
