ReNew Signs Contract To Sell 300 MW Solar Project With $199mn Valuation Updated On Mon, Jan 8th, 2024 by Saurenergy Indian renewable energy company ReNew today announced that it has signed a Share Purchase Agreement with India Grid Trust to sell a 300 MW solar project in Rajasthan – ReNew Solar Urja Private Limited – for a total enterprise value of $199 million. The transaction is expected to close in accordance with PPA conditions. Approximately […] Read more
In 2024, US-China Trade Tensions Likely To Cast Shadow Over EV, PV Supply Chains Updated On Fri, Jan 5th, 2024 by Saurenergy Short of an unprecedented rapprochement, the EV sector looks set to be headed into some potholes in 2024. The reason is heightening tensions between the US and China, as both countries ratchet up measures to assert control over their respective strengths. For China, it is its huge dominance of the EV supply chain, from batteries […] Read more
CERC Rejects Punjab Discom’s Plea To Penalize Adani Green Over Delays Updated On Wed, Jan 3rd, 2024 by Saurenergy The Central Electricity Regulatory Commission (CERC), in its latest judgement declined the petition of Punjab State Power Corporation Limited (PSPCL) against Adani Green Energy. The Punjab discom had pleaded with the CERC to reduce the tariff of 50MW of a Gujarat-based wind power project developed by Adani Green due to the delay in the commencement of the […] Read more
SECI Issues Tender For 1500 MW Of ISTS-Linked Solar Projects Updated On Tue, Jan 2nd, 2024 by Saurenergy The Solar Energy Corporation of India (SECI) has issued a tender seeking developers to establish solar-generating projects for the Inter-State Transmission System (ISTS). The central entity sought the tender under the tariff-based competitive bidding mode. As per SECI’s mandate, the developers would develop the projects under Build Own Operate (BOO) basis for an aggregate capacity […] Read more
NTPC Objects To Solar Cell Imports From China, Loses Case Before CERC Updated On Tue, Jan 2nd, 2024 by Saurenergy In a recent case before the Central Electricity Regulatory Commission (CERC), Indian power behemoth NTPC objected to the plan of a solar power developer to continue importing solar cells at higher prices. The development came to the fore when Solairepro Urja Pvt Ltd, a Pune-based solar developer, moved CERC seeking compensation. The firm demanded compensation […] Read more
ESMAP, World Bank Report Make Case For Energy-Plus Storage In India Updated On Fri, Dec 29th, 2023 by Saurenergy A recent report from the World Bank on energy storage program, introduced a framework for addressing intermittency challenges in solar and wind energy. The proposed solution involves integrating battery energy storage to manage variable energy output effectively. This report is by the Energy Management Assessment Program (EMAP) in collaboration with the World Bank (WB), the […] Read more
Gujarat Wind Developers Blame OEMs, Others For Higher Wind Tariff Updated On Fri, Dec 29th, 2023 by Saurenergy Wind developers in Gujarat now have justified higher wind project tariffs, attributing this to the monopolistic attitude of Original Equipment Manufacturers (OEMs) and other price hikes in the market. The information was recently featured during the hearing of a case in the Gujarat Electricity Regulatory Commission (GERC). The case was related to the adoption of […] Read more
Suzlon Secures 300 MW Order For Its 3 MW Turbines From Apraava Energy Updated On Thu, Dec 28th, 2023 by Saurenergy Indian Wind Energy company Suzlon Group today announced a new order win for the development of a 300 MW wind power project for Apraava Energy Private Limited. Suzlon will install 100 wind turbine generators (WTGs) with a Hybrid Lattice Tubular (HLT) tower and a rated capacity of 3 MW each at the client’s site in […] Read more
Ostro Energy Eligible For Compensation Due To Change In GST Rates: CERC Updated On Wed, Dec 27th, 2023 by Saurenergy The Central Electricity Regulatory Commission (CERC) in its latest judgement awarded compensation to Ostro Energy Private Limited, a renewable energy company. The compensation was awarded to it on account of surge in Goods and Services Tax (GST) after submitting its bid for a government project. As per the case details, Ostro Energy is a power […] Read more
