GUVNL Looks to Procure 500 MW Solar Energy with 500 MW Greenshoe Option Updated On Thu, Nov 16th, 2023 by Saurenergy Gujarat Urja Vikas Nigam Ltd., (GUVNL) has issued a tender and invited bids for the purchase of power through competitive bidding process (followed by reverse e-auction) from 500 MW grid connected solar PV power projects without energy storage to be set up/ under construction/ already commissioned projects anywhere in India. The GUVNL tender comes with […] Read more
Waaree Renewable Technologies Aims To Grow Its IPP Business Updated On Tue, Nov 7th, 2023 by Saurenergy 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 […] Read more
IEX Reports PAT Exceeding 21% in Q2FY24 Against Q2FY23 Updated On Fri, Nov 3rd, 2023 by Saurenergy 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 […] Read more
EU PPA Market Shines with 7.8 GW of New RE Contracts To Date Updated On Fri, Oct 27th, 2023 by Saurenergy RE-Source Platform, a corporate renewable energy platform for energy buyers and suppliers, has made significant observations about the rising volumes of corporate PPAs signed for renewable energy in the EU. The Platform has made the following observations and recommendations to facilitate PPAs- Record-breaking year in the EU PPA market with companies procuring 7.8 GW of […] Read more
JKPCL & RUVNL to Purchase Power from SJVN’s 1000 MW Solar Project Updated On Fri, Oct 20th, 2023 by Saurenergy CPSU SJVN has been awarded Letters of Intent for the purchase of solar power from Jammu & Kashmir Power Corporation Limited (JKPCL) and Rajasthan Urja Vikas Nigam Limited (RUVNL). While JKPCL is looking to purchase 600 MW, RUVNL will purchase 500 MW. The purchase will be at a tariff of INR 2.57 per unit from […] Read more
Opdenergy Seals Finance for Solar Projects Totalling 260 MWDC Updated On Thu, Oct 19th, 2023 by Saurenergy Opdenergy, an independent renewable energy producer, has sealed a $252 million project financing package for two solar projects in the United States. The first solar project, Blake, located in Jefferson County, West Virginia, has an installed capacity of 100 MWDC. The second solar project Elizabeth, located in Allen Parish, Louisiana, has an installed capacity of […] Read more
SECI Invites RFS For 1000 MW Solar Projects Under Tranche XII Updated On Tue, Oct 17th, 2023 by Saurenergy The Solar Energy Corporation of India (SECI) has issued an RfS (Request for selection) for selection of Solar Power Developers for setting up 1000 MW ISTS-connected solar PV power projects in India under Tariff-Based Competitive Bidding (SECI-ISTS-XII). The last date for submission of bids is November 20, 2023. Bid opening date is November 23, with […] Read more
Govt Plans Imposing 10% RE Generation Obligation (RGO) For Coal Plants Updated On Mon, Oct 9th, 2023 by Saurenergy The Ministry of Power has been mulling to impose up to 10 percent Renewable Generation Obligation (RGO) for the new and old coal-fired thermal power plants and lignite plants in the country. It has put forth a new draft notification proposing the plan. It has asked the stakeholders to submit their feedback within 15 days. The new […] Read more
Pexapark Infused with Funding Worth €20m in Series C Round Updated On Tue, Sep 26th, 2023 by Saurenergy Pexapark, a Switzerland-based firm that helps make PPAs for renewables, has been injected with funding worth €20m in Series C round. The fresh funding round was led by Telstra Ventures, a global investor in technology. It also saw participation from Swisscom Ventures and the A&G Energy Transition Tech Fund. “This fresh injection of capital takes […] Read more
