A&N: SECI Floats Tender For 30 MW Project Under RESCO Mode Updated On Mon, Sep 16th, 2024 by Saurenergy In an effort to provide solar power to the Union Territory (UT) of Andaman and Nicobar Islands (EDA&N), the Electricity Department and SECI have issued a tender. SECI requested bids from solar power developers to establish 30 MW grid-connected rooftop solar PV projects in the Union Territory. This project will be executed under the RESCO […] Read more
Adani Group Secures a 6.6 GW Solar,Thermal deal with MSEDCL Updated On Mon, Sep 16th, 2024 by Saurenergy Adani Green Energy Limited (AGEL), India’s leading renewable energy provider, and Adani Power Limited (APL), the largest private thermal power producer in the country, have announced a new agreement with Maharashtra State Electricity Distribution Company Limited (MSEDCL). This deal will provide Maharashtra with a total of 6.6 GW of energy from both solar and thermal […] Read more
AMPIN Energy, Sumitomo Collaborate To Boost RE In India Updated On Fri, Sep 13th, 2024 by Saurenergy Sumitomo Corporation has established AMPIN C&I Power Private Limited, in cooperation with AMPIN Energy Transition Private Limited. The joint venture (JV) will be owned 51% by AMPIN and 49% by Sumitomo. The allocated funds will be used for the development, construction, and operation of State Transmission Utility (STU) connected projects providing renewable energy to Commercial […] Read more
Q3 2024: GE Vernova Faces $300Mn Loss Despite Onshore Wind Profitability Updated On Fri, Sep 13th, 2024 by Saurenergy GE Vernova recently released its financial results for 2024, in its financial guidance it posted a revenue trending towards the higher end of $34-$35 billion, adjusted EBITDA margin* of 5%-7%, and free cash flow* of $1.3-$1.7 billion. The company expects incremental strength in its Power and Electrification segments, with both trending towards the higher end […] Read more
After Defiance By BESCOM, KERC Issues Fresh Order On Net-Metering Updated On Fri, Sep 13th, 2024 by Saurenergy The Karnataka Electricity Regulatory Commission (KERC) has now issued a fresh order for the ESCOMS in Karnataka. This comes after the state power regulator found irregularities in the implementation of its earlier order where it talked about non-availability of the benefits of net metering facility for rooftop solar consumers who opt for open access connections. […] Read more
EIB, Development Bank Of Southern Africa Grant €600 Mn To Private RE Sector Updated On Fri, Sep 13th, 2024 by Saurenergy The European Investment Bank (EIB) and the Development Bank of Southern Africa (DBSA) have further boosted their support for renewable energy projects in the private sector, aiming to increase clean energy generation while supporting new jobs. A € 100 million (ZAR 1.98 billion) loan from the EIB, matched by the DBSA, comes in addition to […] Read more
KSEB Signs Pact With SECI For 500 MW Solar Power Updated On Fri, Sep 13th, 2024 by Saurenergy The Kerala State Electricity Board (KSEB) has now signed an agreement with the Solar Energy Corporation of India (SECI) to boost the growth of solar energy in the southern state. This new deal is aimed at reducing power purchase costs by at least 10%. With this collaboration, the state board plans to add 500 MW […] Read more
SECI Issues Fresh FDRE Tender For 8 GWh (2GW x 4 hours) Updated On Fri, Sep 13th, 2024 by Saurenergy The Solar Energy Corporation of India (SECI) has announced a Firm and Dispatchable Renewable Energy (FDRE) tender for peak supply totaling 8,000 MWh (2,000 MW x 4 hours). The project will be developed on a Build Own Operate (BOO) basis. SECI intends to sign a Power Purchase Agreement (PPA) with the successful bidders for a […] Read more
APERC Releases Draft To Streamline Deviation Settlement Mechanism Updated On Thu, Sep 12th, 2024 by Saurenergy The Andhra Pradesh Electricity Regulatory Commission (APERC) recently released a draft notification to incentivize consumers to amend their electricity consumption patterns. This draft aims to reform both the timing and level of electricity demand to help consumers use electricity more efficiently. “Andhra Pradesh State Electricity Regulatory Commission (Demand Side Management) Regulation, 2024”, aims to manage […] Read more
