We Received Force Majeure Notices from Various Discoms, Despite Govt Directive: Azure Power Updated On Mon, Apr 13th, 2020 by Saurenergy Despite government directive to power distribution companies (Discoms) to pay dues on time, the country’s one of the leading independent solar power producer (IPP), Azure Power said that it has received Force Majeure notices from various Discoms citing an inability to perform their obligations as per the PPA due to Covid-19. There has been a […] Read more
Sale of Green Certificates Surges 79% by 8.38 Lakh Units in March Updated On Mon, Apr 13th, 2020 by Saurenergy The sale of renewable energy certificates (RECs) increased more than 79 percent to 8.38 lakh units during March 2020 mainly on account of good supply. During the month of March in 2019, 4.68 lakh units of renewable energy certificates were sold, as per the official data. RECs are market-based instruments, and a REC is created […] Read more
PSPCL’s Advance Payment Scheme. Lucrative Offer or Open Distress? Updated On Mon, Apr 13th, 2020 by Saurenergy A visit to the website of the Punjab State Power Corporation Limited (PSPCL), the state’s primary discom, reveals an interesting offer that has just been released . Promoted as a ‘Golden opportunity to earn lucrative returns by advance payment’ the offer promises a return of 1 percent per month, or 12 percent per annum, for […] Read more
Ørsted Announces Completion of 338 MW Wind Project in Texas Updated On Mon, Apr 13th, 2020 by Saurenergy Ørsted has announced that it has completed its Sage Draw Wind project, a 338MW wind farm that straddles Garza and Lynn Counties in Texas. Ørsted has announced that it has completed its Sage Draw Wind project, a 338 MW wind farm that straddles Garza and Lynn Counties in Texas. The 120-wind turbine project will have […] Read more
Ikea Parent Firm Acquires Stake in 403 MW US Solar Projects Updated On Mon, Apr 13th, 2020 by Saurenergy The Ingka Group (owner and operator of 380 IKEA stores in 30 countries), has taken over two solar PV projects in the US worth a combined 403 MW generation capacity. Ingka Investments, the investment arm of Ingka Group (owner and operator of 380 IKEA stores in 30 countries), has taken over two solar photovoltaic (PV) […] Read more
L&T Bags Orders worth Rs 5,000 – Rs 7,000 Cr for Power Transmission, Solar Biz Updated On Sat, Apr 11th, 2020 by Saurenergy Multinational conglomerate Larsen & Tourbo’s Construction arm, L&T Construction, said that it has won major contracts worth Rs 5,000 to Rs 7,000 crore for its businesses including power transmission & distribution (PT&D) and solar in India as well as overseas. The company has got a prestigious order in Kuwait to upgrade substations and related power […] Read more
Tata Power Wins 2020 Edison Award in the field of Innovation Updated On Sat, Apr 11th, 2020 by Saurenergy Utility giant Tata Power has won the most designated global Edison Award for its Club Enerji #Switchoff2SwitchOn campaign under Social innovation category and Social Energy Solutions subcategory. The Edison Awards, named after Thomas Alva Edison, recognizes and honours the world’s best innovations and innovators. The company has won the award after all nominations were reviewed by the Edison […] Read more
Ind-Ra Withdraws Sterling & Wilson Solar’s CP Ratings on Request Updated On Sat, Apr 11th, 2020 by Saurenergy Credit rating agency India Ratings and Research (Ind-Ra) has withdrawn its rating assigned to Sterling & Wilson Solar (SWSL), a Shapoorji Pallonji Group company, on the Rs 300 crore Commercial Paper (CP) programme. The company said that “on its request, India Ratings & Research has withdrawn the ratings assigned on the Rs 300 crore Commercial […] Read more
Govt Extends CEL Bid Deadline to 1 Month amid Covid-19 Updated On Sat, Apr 11th, 2020 by Saurenergy On the back of ongoing situation due to the Covid-19 outbreak in the country, the Government of India (GoI) has extended the deadline for submitting bids for its solar products manufacturing unit Central Electronics Ltd (CEL) by a month. Earlier in the month of February, the Department of Investment and Public Asset Management (DIPAM) issued […] Read more
