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
Follow the Money, As Funding Shifts Completely to Renewables Over Coal in 2021 Updated On Wed, Dec 7th, 2022 by Saurenergy A study titled “Financiers Prefer Wind And Solar Over Coal” has been released by CFA (Center For Financial Accountability). According to the Coal vs. Renewables Financial Analysis 2022, L&T Finance overtook SBI as the largest financier of renewable energy project financing in 2021. The annual energy finance conference co-hosted by CFA and IIT Madras saw […] Read more
JSW Energy Commissions 27 MW Wind Energy Plant Updated On Wed, Dec 7th, 2022 by Saurenergy The commissioning of 27 MW of wind energy generation capacity was part of the first phase of JSW Energy’s 450 MW wind project at Tuticorin in Tamil Nadu, according to an announcement. In a BSE filing, the company announced that “JSW Renew Energy Two Ltd, a step-down subsidiary of JSW Energy, has started phase-wise commissioning […] Read more
Adani Green Operationalises Third Hybrid Power Plant In Rajasthan Updated On Wed, Dec 7th, 2022 by Saurenergy The Adani Group’s renewable energy company, Adani Green Energy Ltd. (AGEL), recently announced that its third hybrid power plant in Rajasthan, with a 450 megawatt capacity, had been placed into operation. Adani Green Energy’s hybrid plant, with a total 1,440 MW capacity, has the greatest operational hybrid power producing capacity. The third wind-solar hybrid power […] Read more
Float by eBikeGo Reimagines EV in Hospitality Updated On Tue, Dec 6th, 2022 by Saurenergy Noida-based eBikeGo electric two-wheeler mobility platform will soon introduce a new business model called “Float by eBikeGo”. This is an initiative to provide EV two-wheelers for visitors at various hotels and resorts in tourist areas. The tourism industry has recovered and experienced tremendous development following the simultaneous lockdown caused by the COVID 19 pandemic in […] 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
Vivid Solaire’s Plea to Align LTA with Revised SCOD of Project Shot Down by CERC Updated On Tue, Dec 6th, 2022 by Saurenergy The Central Electricity Regulatory Commission (CERC) has rejected the petition of Vivid Solaire Energy Private Limited to reconsider Long-Term Access (LTA) to coincide with the revised SCOD of project and waive the transmission charges. In its petition, the Pune-based firm had filed a petition seeking a waiver for the levy of transmission charges by CTUIL […] 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
