Q2 Results: ReNew Reports 31% Increase In Net Profits Updated On Wed, Nov 20th, 2024 by Saurenergy Renewable energy company ReNew Power today announced its consolidated quarterly (Q2) financial results for the three months ending September 30, 2024. The company reported a 31 percent growth in its Profit After Tax (PAT) vis a vis the same period last year. Whereas, ReNew’s total income/ total revenue for Q2 FY25 was Rs. 29,887 million […] Read more
SECI’s Plea For Extra Trading Margin In BESS Deal Fails To Cut Ice With CERC Updated On Tue, Nov 19th, 2024 by Saurenergy In an interesting take on what constitutes fair margins, the Central Electricity Regulatory Commission (CERC) considered a plea by SECI on an additional margin of Rs. 0.07/kWh for facilitating the sale/ purchase, scheduling, accounting, charging, and discharging of BESS for Grid Ancillary Services (150 MW) portion through IDAM/ RTM/TAM/Bilateral mode on behalf of the National […] Read more
Govt Removes Dual Consent For Wind, Solar & Other RE Projects Updated On Mon, Nov 18th, 2024 by Saurenergy The Ministry of Environment, Forest and Climate Change (MoEFCC) has now come up with a new gazette notification to reduce the need for multiple clearances from the government for the commissioning of several clean energy projects ranging from solar, wind, compressed biogas (CBG) and others. The move was aimed at expediting the growth of such […] Read more
ACME Sun Power Secures Rs.3,753 Crore Loan From REC For FDRE Projects Updated On Mon, Nov 18th, 2024 by Saurenergy ACME Solar Holdings’ subsidiary, ACME Sun Power Private Limited, has secured a Rs. 3,753 crore term loan from REC Limited. This financing is extended to support the development and construction of a 320 MW Firm and Dispatchable Renewable Energy (FDRE) project in collaboration with SJVN. The Gurugram-based company’s recent project are planned to be located […] Read more
Equinix, CleanMax Ink 33 MW Captive Project Deal in Maharashtra Updated On Thu, Nov 14th, 2024 by Saurenergy Equinix, Inc., a digital infrastructure company today signed a Power Purchase Agreement (PPA) with CleanMax, a renewable energy provider in the Commercial and Industrial (C&I) sector and a Brookfield-backed company. Under the agreement, the parties plan to collaborate to build a 33 MW Captive Power Plant in Maharashtra. This partnership intends to provide renewable energy […] Read more
Senior Market Analyst Updated On Mon, Nov 11th, 2024 by Saurenergy Working together with our global Commodities, Scenarios, Product, Technology and Consulting teams , this role will be responsible for building and maintaining new demand models across key sectors such as transportation, residential, commercial, industrials and transformation processes. You will support the development of both energy and/or material demand analysis and will own Wood Mackenzie’s proprietary […] Read more
Bihar Issues Tender For Solarisizing Feeders Under RESCO Mode Updated On Mon, Nov 11th, 2024 by Saurenergy The Bihar government has issued a tender inviting solar project developers to accelerate the solarisation of agricultural feeders under Component C2 of the PM-KUSUM scheme. The initiative will be implemented using the RESCO (Renewable Energy Service Company) model, in line with the state’s earlier plans. The tender was released by the Bihar State Power Generation […] Read more
MERC Grants Relief To Wind Company Due To Force Majeure Updated On Fri, Nov 8th, 2024 by Saurenergy The Maharashtra Electricity Regulatory Commission (MERC), in its latest order, provided relief to Clean Wind Power (Bhavnagar), a subsidiary of Hero Wind Energy Private Limited (Hero). This case highlights the importance for renewable energy developers to carefully draft contracts, anticipate potential disruptions, and ensure compliance with regulatory requirements to mitigate risks. In its order, MERC […] Read more
Vanilla To BESS: Share of Energy Storage Tenders Goes From 5% To 23% In 10 Ys Updated On Fri, Nov 8th, 2024 by Saurenergy From plain vanilla tenders to Firm and Dispatchable Renewable Energy (FDRE), the Indian tendering system has come a long way. Since 2020, demand for energy storage has surged. With nearly a quarter of tenders now requiring energy storage, the need for Energy Storage Systems (ESS) is gaining momentum. SBI CAPS, in its latest report on […] Read more
