IEX September Update- Green Market Grows 214% Growth Updated On Mon, Oct 7th, 2024 by Saurenergy The Indian Energy Exchange, India’s pre-eminent electricity exchange, achieved total monthly volume (including certificates) of 11,370 MU in September’24, marking a 24% year on year increase. The electricity volume (including green electricity volume) during the month at 10,332 MU, increased 21% YoY. The renewable energy certificates (REC) at 1,031MU, increased 100% YoY. At Rs 110 […] Read more
TotalEnergies Launches Two Major Solar Farms with Battery Storage in Texas Updated On Fri, Oct 4th, 2024 by Saurenergy TotalEnergies has begun commercial operations at two utility-scale solar farms, Danish Fields and Cottonwood, in southeast Texas. Both projects, equipped with battery storage systems, have a combined capacity of 1.2 GW and are part of the company’s 4 GW renewable energy portfolio currently operational or under construction in Texas. Danish Fields, the company’s largest solar […] Read more
Maharashtra: JSW Neo Gets 1,500 MW / 12,000 MWh Pumped Hydro Storage Project Updated On Thu, Oct 3rd, 2024 by Saurenergy Mumbai-based JSW Neo Energy Limited (JSW Neo), a subsidiary of JSW Energy Limited, received a Letter of Intent (LoI) for the procurement of 1,500 MW / 12,000 MWh of pumped hydro energy storage from the Maharashtra State Electricity Distribution Company Ltd (MSEDCL). Their Bhavali Pumped Hydro Project is located in the Nashik and Thane districts […] Read more
RERC Notifies Draft Green Energy Open Access Regulations 2024 Updated On Wed, Oct 2nd, 2024 by Saurenergy Rajasthan’s Electricity Regulatory Commission (RERC) recently released a draft notification for the Green Energy Open Access (GEOA) regulations for 2024. The commission is inviting suggestions on the draft until October 18th. In this draft, the RERC outlines the criteria for accessing green energy through open access, which will be available upon payment of specific charges. […] Read more
India’s Power Sector Surge: Motilal Oswal Tracks A Rs 40 Trillion Investment Opportunity Updated On Wed, Oct 2nd, 2024 by Saurenergy India’s power sector is on the cusp of a major transformation, offering colossal investment opportunities over the next decade. Economic growth, energy transition, and technological advancements will drive the sector’s rapid growth, according to a Motilal Oswal report titled “Power Utilities: EmPOWERING INDIA!” The report outlines the massive growth and investment potential in the sector […] Read more
Rajasthan Investor Summit 2024 Attracts High Renewable Commitments Updated On Tue, Oct 1st, 2024 by Saurenergy At the Rajasthan Investment Summit 2024 in New Delhi, 17 major companies signed MoUs (Memorandums of Understanding) to invest a massive Rs. 8 lakh crore across various sectors, focusing on renewable energy, oil and gas, logistics, and infrastructure. In the energy sector, Tata Power, NHPC, Avaada Group, and Jindal Renewable Power all committed to building […] Read more
L&T Division Gets Order For Energy Management Systems In India Updated On Mon, Sep 30th, 2024 by Saurenergy The Digital Energy Solutions (DES) arm of Larsen & Toubro’s Power Transmission and Distribution (PT&D) business has received an order to develop and implement Energy Management Systems across regional and state load dispatch centers in South India. As part of the order, L&T is expected to develop energy management and associated software systems for 12 […] Read more
REC Raises $500 Mn Through Green Bonds Updated On Mon, Sep 30th, 2024 by Saurenergy REC Limited, a state-owned infrastructure company has raised $500 million through 5-year green bonds as part of its $10 billion Global Medium-Term Program. REC plans to use these funds to finance eligible green energy projects that qualify under its green finance framework. REC a ‘Maharatna’ company under the administrative control of the Ministry of Power, […] Read more
The Australia Experience: How Energy Storage is Transforming National Grids Updated On Mon, Sep 30th, 2024 by Saurenergy Energy storage has undeniably emerged as a critical component in the growth of solar energy. For much of the last decade, high installation costs and the intermittent nature of renewable energy sources were major barriers to wider adoption. However, advancements in technology and government subsidies have significantly reduced these costs, with increased competition and production […] Read more
