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CERC Deviation Settlement Mechanism To Hurt Renewable Players, Says NSEFI

In a letter to Indu Shekhar Chaturvedi, Secretary, the Ministry of New and Renewable Energy, the National Solar Energy Federation of India (NSEFI), a key developer body of renewable players has flagged major industry concerns on the Deviation Settlement Mechanism for renewable energy as notified by the Central Electricity Regulatory Commission (CERC). The new rules […]

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Top 5 US solar parks

Solar power is more affordable, accessible and widely used in the United States today than it was ever before. The progress and potential of solar power development in the country is staggering. Solar power capacity of the US has grown from approximately 0.34 GW in 2008 to approximately 97.2 GW in 2021. Markets for solar […]

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APTEL Asks GERC To Reconsider Decision To Adjust Dues From Wind Project Against Unrelated Default

In a rather interesting judgement, the Appellate Tribunal for Electricity (APTEL) has set aside an order passed by the Gujarat Electricity Regulatory Commission (GERC) in 2019 to reject a wind developer’s claims for the payment of dues. APTEL has ordered GERC to review the matter with an “open mind” and “not feeling bound by any view […]

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Envision to Supply Turbines for ASEAN’s Largest Wind Farm

China based Envision Group has signed a ‘Letter of Intent’ with Impact Energy Asia Development Limited (IEAD) for the supply of wind turbines to the 600MW Monsoon Wind Project in Lao(s) PDR. The construction of the wind farm will start this year and is expected to be commercially operationalized in 2025. Envision plans to supply […]

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Ingka Group (IKEA) Acquires 9 Solar Power Projects in Europe for €340 Million

Sweden-based Ingka Group, which owns the majority of IKEA stores globally, has announced that it has acquired nine solar power park projects in Germany and Spain for €340 million. The combined capacity of the solar projects comes to 440 MW. The Ingka Group solar has acquired the portfolio from solar power developer ENERPARC. Four solar power projects […]

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Portugal’s floating solar energy auction sets world record negative price

Portugal’s first auction of rights to build and operate floating solar plants on the surfaces of its reservoirs set a world record low price of minus 4.13 euros per megawatt hour for future output, the environment ministry said on Tuesday. The government assigned rights to install floating panels with capacity to convert sunlight into 183 […]

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Surat’s First Textile Market Solar Powered Now, By Goldi Solar

Surat-based Goldi Solar, a key solar panel manufacturer and EPC services provider has solarized Surat’s First Textile Market for Avadh Group. Avadh is a real estate company focused on residential as well as commercial development. The market is located in the heart of Umarwada, Surat district. The project will be completed in three phases, of […]

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