Leroy Merlin To Draw Power From Better Energy Poland Solar Park By 2025 Updated On Tue, Apr 2nd, 2024 by Saurenergy Construction and decoration firm Leroy Merlin Poland has signed a PPA with Better Energy to draw power from latter’s Chelmno solar park which is currently under construction. The Power Purchase Agreement (PPA) is expected to commence in 2025. According to Better Energy, the 10-year PPA will allow Leroy Merlin Poland to secure the long-term supply […] Read more
LG Energy, GM’s Sec. Ultium Cells Plant Begin Production In Tennessee Updated On Tue, Apr 2nd, 2024 by Saurenergy Ultium Cells, a joint venture of South Korean-based LG Energy Solution and General Motors (GM), recently announced more than $2.3 billion in investment. This investment is undertaken to build its second battery cell manufacturing plant in the United States (US) in Spring Hill, Tennessee. Ultium Cells plans to build the new plant on land leased […] Read more
India’s Subsidies For Fossil Fuels 5 Times Higher Than For Clean Energy: IISD Updated On Wed, Mar 13th, 2024 by Saurenergy The 2022 global energy crisis and India’s growing energy demand have led the country to adopt a hybrid approach, expanding all forms of supply in 2023. This approach has pushed India’s total energy subsidies to a 9-year high of INR 3.2 lakh crore (USD 39.3 billion) for the fiscal year ending 2023 (FY 2023), new […] Read more
The Return of Reverse Auctions For Wind Energy- Bad News Or Normalcy ? Updated On Tue, Mar 5th, 2024 by Saurenergy Following reports that the government has instructed leading PSU energy developers to return to the reverse auction mechanism for wind energy tenders, SaurEnergy tried to check the veracity of the claim. Without coming on record, it appears that a communication has been sent to that effect, to NTPC, SJVN, NHPC and of course SECI, which […] Read more
IEX February Update- DAM Price Falls 26% YoY To Rs 4.93/unit Updated On Tue, Mar 5th, 2024 by Saurenergy The Indian Energy Exchange, India’s premier electricity exchange, achieved 9,462 MU overall volume in February’24, marking a 15.4% year-over-year increase. The Market Clearing Price in Day Ahead Market during February ‘24 was Rs. 4.93/unit, down approximately 26% year-on-year, due to increased sell liquidity. The sell bids on the exchange (Day Ahead Market plus Real Time […] Read more
SaurEnergy Explains- Reconductoring, A Solution For a Renewable Powered Grid? Updated On Thu, Feb 29th, 2024 by Saurenergy The power sector, by most estimates, accounts for close to 40% of carbon emissions worldwide. That has made it the focal point of efforts to reduce emissions, seen mainly in the shift towards renewable energy, and linked to that, the electrification of more and more parts of the economy, as seen in the transportation sector. […] Read more
MNRE Finalises BESS Mechanisms For ‘Round-the-Clock’ Renewable Energy Updated On Mon, Feb 26th, 2024 by Saurenergy A meeting was held by Union Minister for Power and New & Renewable Energy RK Singh on February 22 regarding finalising the structure for operationalizing the scheme for Viability Gap Funding (VGF) for the development of Battery Energy Storage Systems (BESS) with a capacity of 4,000 Megawatt Hours (MWh). The minister emphasised that the price […] Read more
Local Solar Module Industry To Face Low Import Prices: Borosil’s Kheruka Updated On Tue, Feb 20th, 2024 by Saurenergy The domestic solar module industry will be forced to continue facing ‘unrealistically’ low import prices, said Pradeep M Kheruka, Executive Chairman of Borosil Renewables. Kheruka made these comments during a conference call with institutional investors and analysts which was held on February 08. He further said that the ALMM mechanism remained suspended, keeping the door […] Read more
Tata Motors Cuts EV Prices Amid Softening Of Battery Rates Updated On Tue, Feb 13th, 2024 by Saurenergy Tata Passenger Electric Mobility Ltd (TPEM), a subsidiary of Tata Motors today announced that the company is slashing the prices of two of its EVs – Nexon.ev and Tiago.ev. The company said that it is reducing the prices with the objective of making EVs more accessible to Indian customers. Further, Tata Motors has reduced the […] Read more
