West Bengal Aims for 1000 E-Charging Stations in Next 2 Years Updated On Thu, Dec 8th, 2022 by Saurenergy The West Bengal government said that it plans to install 1,000 EV charging stations within the next two years to promote the use of more environmentally friendly cars. According to S Suresh Kumar, Additional Chief Secretary of Power, West Bengal, “People aren’t purchasing EVs because of their expensive price and lack of charging infrastructure. We […] Read more
MSEDCL Offers 12 yr PPA In RFS for 300 MW Wind Project Updated On Wed, Dec 7th, 2022 by Saurenergy After a push from Hybrid projects, wind energy continues to get a fillip from state level demand too. The Maharashtra State Electricity Distribution Company Ltd. (MSEDCL) has invited RFS (request for selection) for procurement of 300 MW of wind power on a long-term basis through a competitive bidding process from inter-state wind power projects. The […] Read more
Canadian Solar Bags 256 MW Contracts For South Africa Largest Solar PPAs Updated On Tue, Dec 6th, 2022 by Saurenergy Canadian Solar Inc. has announced that its majority-owned subsidiary CSI Solar Co., Ltd. (“CSI Solar”) signed a 256 MW solar module contract with SOLA Group, a Cape Town-based independent power producer. The 256 MWs will supply the first two largest utility-scale solar power projects in South Africa, which are based on private power purchase agreements (PPAs). […] Read more
Dutch Ignore Warnings, Impose ‘Super Profits’ Ceiling On Solar Power Updated On Mon, Dec 5th, 2022 by Saurenergy India’s ‘windfall profits’ levy on oil refining firms has found an echo in Netherlands. Except that the Dutch have proposed a price ceiling on renewable energy producers to curb excess profits. The government of the Netherlands announced a €130/MWh (US$136) profit ceiling for solar and wind generation as part of the EU’s established ‘intramarginal levy’ […] Read more
IEX Power Market Update For November Updated On Mon, Dec 5th, 2022 by Saurenergy The Indian Energy Exchange, India’s premier energy exchange, achieved 7764 MU total volume traded in November 2022, including Green Power trade of 354 MU, and 3.72 lac RECs (equivalent to 372 MU). The total electricity volume traded on the Exchange in November’22 was 7392 MU, an increase of 9% on YoY. However, the overall volume […] Read more
NREL Confirms Spike In Solar and Storage Costs In US Updated On Fri, Dec 2nd, 2022 by Saurenergy The National Renewable Energy Laboratory (NREL), the premier government entity tasked with tracking and projecting impact of technology changes in the renewables space, has come out with its annual benchmarking report on prices. And the findings are no surprise, to those who have been in the market. Using 2021 prices, NREL estimates that utility-scale PV […] Read more
Adani Green Raises $200 Mn Through Yen-Denominated Refinancing Deal Updated On Fri, Dec 2nd, 2022 by Saurenergy Adani Green Energy Ltd (AGEL) has raised a Japanese yen-denominated loan to refinance its current debt for 350 MW of solar projects in the Indian state of Andhra Pradesh. This was done through its subsidiary Adani Solar Energy AP Six. The facility consists of an amortizing project loan for JPY 27,954 million ($200 million), with […] Read more
Corporate Solar Offtakers in US Contribute 14% of Installed Solar Capacity; Meta Takes Lead Updated On Wed, Nov 30th, 2022 by Saurenergy As per a study by Solar Energy Industries Association (SEIA) corporate solar offtakers in the USA now make up 14 per cent of solar capacity installed in the country. At the forefront of this impact is Meta. Up until June this year, solar power capacity contracted by American corporates stood at a cumulative capacity of […] Read more
CCPI Report: “Monitoring Climate Mitigation Efforts of 59 Countries plus the EU” Updated On Wed, Nov 30th, 2022 by Saurenergy A study entitled “Monitoring Climate Mitigation Efforts of 59 Countries plus the EU” has been released by CCPI (Climate Change Performance Index). The invasion of Ukraine by Russia serves as a reminder of how highly dependent most nations still are on fossil fuels. The ability of nations to operate and provide for their inhabitants with […] Read more
