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UPCL to Procure 200 MW Solar Energy from SJVN Green Energy Ltd

SJVN Green Energy Limited (SGEL), a wholly owned subsidiary of SJVN in Rajasthan under CPSU Scheme, has been awarded a Letter of Intent towards the procurement of 200 MW of solar power from Uttarakhand Power Corporation Limited (UPCL). The purchase will be made at a tariff of INR 2.57 per unit from the Bikaner Solar […]

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Till 2026, 65% of total floating projects commissioned will be from India & SE Asia: Deepak Ushadevi, Ciel et Terre

Ciel et Terre, which specializes in building floating solar projects all over the world, recently created buzz by establishing a 10.75MWp floating solar plant for Tata Steel. The project is India’s first floating solar installation within a steel power plant. Deepak Ushadevi, MD and CEO, Ciel & Terre Solar (Floating Solar Projects) speaks to Saur […]

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Waaree Renewable Technologies Aims To Grow Its IPP Business

Waaree Renewable Technologies, the EPC arm of Waaree Group, claimed that it wants to boost its role as a renewable energy generator under the Independent Power Producer (IPP) category. The information was shared by Dilip Panjwani, Chief Financial Officer of the firm, in the latest investors’ call. Panjwani said the IPP business is ‘cash-intensive’ and […]

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Avaada Bags 1 GW in NHPC 3 GW Solar Tender; Jakson, Sprng Energy, Hinduja Among Other Winners

In NHPC’s 3 GW tender for the selection of Solar Power Developer, Avaada Energy, Jakson, Sprng Energy, Hinduja Renewable Energy, Green Infra Wind Energy, Solairdirect Energy India, Hazel Hybren have emerged winners. Solairdirect Energy India is an arm of ENGIE, Green Infra Wind Energy and Hazel Hybren are subsidiaries of Sembcorp and Mahindra respectively. Avaada […]

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UPNEDA Revises Norms in 150 MW Solar RFS Under PM KUSUM

UPNEDA (Uttar Pradesh New Energy Development Agency) had issued a tender for procurement of power through tariff based competitive bidding process from grid connected solar power plants connected to selected segregated agriculture feeder of distribution substation cumulative capacity of 150 MW for sale of power to UPPCL at various locations in Uttar Pradesh through RESCO […]

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CERC Denies Granting ‘Change Of Law’ Benefits To Adani Green

The Central Electricity Regulatory Commission (CERC), in its latest judgment, declined to give relief to Adani Green on ‘Change of Law’ events on procedural issues. It came after Adani Green, who was a respondent in a petition filed by the Solar Energy Corporation of India (SECI). The Petition was related to the adoption of tariffs.  The Petition […]

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US May See 619 GW Of Renewable Power Between 2023-2030: Report

A latest report from BloombergNEF forecast a staggering 619 gigawatts (GW) of solar, wind and storage to come online between 2023 and 2030 in the United States. The report forecasts that this will raise energy capacity by 19 GW from the previous outlook. While structural constraints, such as permitting and grid connections, and a higher […]

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SJVN Calls Bids for 1500 MW ISTS Connected Solar Projects

SJVN has issued a tender inviting bids from solar power developers for the establishment of 1.5 GW of interstate transmission grid (ISTS) connected solar power projects on a build-own-operate basis anywhere in India. SJVN will enter into a 25-year power purchase agreement (PPA) with the bidders who emerges successful. Power procured by SJVN from these […]

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IEX Reports PAT Exceeding 21% in Q2FY24 Against Q2FY23

The IEX (Indian Energy Exchange) has declared its unaudited consolidated financial results for the second quarter ending September 30, 2023. Particulars Q2FY23 Q2FY24 YoY Total Volume (in BU) 23.1 26.5 14.6% Total Revenue 113.8 133.0 16.9% Total Operating Expense 16.3 16.6 1.8% EBITDA 97.5 116.4 19.4% Finance, Depreciation & Amortization Cost 5.0 5.8 16.0% Share […]

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