SECI Awards 1 GW/2 GWh BESS Project to JSW And Reliance Updated On Mon, Sep 16th, 2024 by Saurenergy SECI has announced that JSW Neo Energy and Reliance Power are the successful bidders for 1,000 MW/2,000 MWh standalone battery energy storage systems (BESS), under tariff-based global competitive bidding. Both companies were awarded an equal capacity of 500 MW/1,000 MWh. JSW Neo Energy quoted a tariff of Rs. 381,000/MW per month, and Reliance Power quoted […] Read more
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
Sungrow Unleashes Latest Solar, Storage, Green Hydrogen Solutions Updated On Fri, Sep 13th, 2024 by Saurenergy Sungrow, a global solar inverter and energy storage system provider, unveiled its latest portfolio of advanced solar, energy storage, and green hydrogen solutions at RE+ 2024 in Anaheim, on September 9-12. “North America continues to emerge as a crucial market for clean energy technologies, and Sungrow remains at the forefront, offering innovative, reliable, and future-ready […] 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
Jharkhand Plans RESCO Aid To Boost Solar Growth In Giridih Updated On Thu, Sep 12th, 2024 by Saurenergy The Jharkhand Renewable Energy Development Agency (JREDA) has now decided to rope in the services of RESCO (Renewable Energy Service Company) to boost the growth of solar energy in Giridih. Giridih is the proposed solar city of Jharkhand. As the per the plan of the state renewable agency of Jharkhand, JREDA seeks to develop a […] Read more
