Germany Sees Waning Interest in Recent Tender For 609 MW of Solar Projects Updated On Fri, Dec 9th, 2022 by Saurenergy The most recent tender bidding for ground-mounted solar projects in Germany, awarded 609 MW of solar power. Only 117 proposals, with a combined capacity of 677 MW, were submitted by the Federal Network Agency (BNetzA) by the deadline of November 1 for an allocation of 890 MW for solar parks that are ground-mounted nor solar […] Read more
CERC Orders MPPMCL & DMRC to Compensate ACME Solar Updated On Fri, Dec 9th, 2022 by Saurenergy Following the Central Electricity Regulatory Commission’s (CERC) decision pronouncing that solar developers are entitled for compensation in lieu of greater expenses incurred ever since the GST was introduced, solar developer ACME Jaipur Solar Power has asked the Commission to give MPPMCL and DMRC instructions on how to pay the late payment and rate. The Central […] Read more
Djibouti Inks Pact For 10-GW Renewables & Green Hydrogen Project Updated On Thu, Dec 8th, 2022 by Saurenergy A Memorandum of Understanding (MoU) has been signed between renewable energy developer CWP Global and the government of Djibouti for the development of a 10-GW renewable energy and green hydrogen project in Djibouti. Djibouti presently has a mere 62% of its population that has access to electricity. CWP Global held that the RE project is […] Read more
France’s Proparco Invests $10 Million in Sun King’s Solar Kit Business in Africa Updated On Thu, Dec 8th, 2022 by Saurenergy Proparco, a division of the French Development Agency (AFD) group, invested in a $10 million green bond that will be lent to Sun King, an African solar kit retailer. The Swiss impact investor Symbiotics Group, through its MSMR Bonds platform, issuing the green bond. A total of 309 bonds worth $2.67 billion have already been […] Read more
Chiripal Group Bets Big On Solar Manufacturing For Long Term Sustainability Updated On Wed, Dec 7th, 2022 by Saurenergy Gujarat based diversified industrial group Chiripal Group, which has existing interests in textiles, petrochemicals, education, polyfilms and financing, Chiripal Renewables recently founded Grew Energy Pvt Ltd, a company that will produce solar components. With this entry into the renewable energy industry the group has acknowledged the scale of the opportunity in renewable energy, particularly solar […] Read more
MSEDCL Invites RFS for 300 MW Solar Project Updated On Wed, Dec 7th, 2022 by Saurenergy Maharashtra State Electricity Distribution Company Ltd. (MSEDCL) has invited RFS (request for selection) for the procurement of a cumulative 300 MW of solar power from decentralized solar projects under component-A PM-KUSUM scheme to be developed in Maharashtra through a competitive bidding process. The last date for submitting the online bid is January 09, 2023, till […] Read more
RE Leader Suzlon Energy Sells Solar Subsidiary Vayudoot Solarfarms Updated On Tue, Dec 6th, 2022 by Saurenergy Suzlon Energy, a manufacturer of wind turbines, approved the sale of its remaining 51.05% ownership interest in the subsidiary Vayudoot Solarfarms to Ahmedabad-based Aries Renewables, the firm reported in a National Stock Exchange filing. For a price of Rs 14.23 crore, Suzlon sold the remaining stake. The company’s net worth was Rs. 24.2 crore, and […] Read more
RECPDCL Floats Tender for Setting up 1.25 GW Solar Power Projects Updated On Tue, Dec 6th, 2022 by Saurenergy REC Limited’s subsidiary company, REC Power Development, and Consultancy (RECPDCL) has floated a tender for setting up 1250 MW (1.25 GW Solar Power) of interstate transmission system (ISTS)-connected through tariff-based competitive bidding (TBCB) process (Tranche-I) on building its own operate (b-O-O) basis. By combining thermal or hydroelectric with renewable energy and storage, the projects seek […] Read more
SECI Payout of Rs 804 Cr to Solar & Wind Developers for Oct Sees 10% Slide Since Sep Updated On Tue, Dec 6th, 2022 by Saurenergy Payments totaling Rs 804 crore were made to solar and wind power producers by the Solar Energy Corporation of India (SECI) for the power it purchased in October 2022. The amount is almost 10% less than what was paid out in September. Against its power purchases, the agency had released Rs 893 crore. Nearly 88% […] Read more
