Amp Energy Wins CESC’s 150 MW Wind-Solar Hybrid Tender Updated On Thu, May 11th, 2023 by Saurenergy Renewable energy firm Amp Energy India has won a 150 MW wind-solar hybrid Calcutta Electric Supply Corporation (CESC) project via competitive bidding. The project has been won through its subsidiary Amp Green Energy Private Ltd, at a tariff of ₹ 3.07 per unit. The tariff discovered was the lowest tariff in the bid. The other […] Read more
Corporate PPA Contracts Added 148 GW of RE From 2015 to 2022: WBSCD Updated On Thu, May 11th, 2023 by Saurenergy As per a recent report shared by World Business Council for Sustainable Development (WBSCD), 23% of the firms that aimed for 100% renewable energy have achieved their goal of 100% renewable energy. Furthermore, by 2021, companies committing to procure 100% renewable power through RE100 were procuring 49% from renewable sources, equating to 184 TWh of […] Read more
Bihar Counts On Lower Renewable Energy To Surrender 854 MW Thermal Power Allocation Updated On Mon, May 8th, 2023 by Saurenergy In an interesting move, the Bihar State Power Holding Company Limited (BSPHCL) has chosen to surrender 854 MW of the state’s central allocation of thermal power. In doing this, the state firm is counting on both its right to exit PPA’s that are over 25 years old, and the possibility of cheaper renewable energy to […] Read more
Renewable Startups Now Have Better Funding Avenues: Abhishek Pillai, Solar Ladder Updated On Thu, May 4th, 2023 by Saurenergy Abhishek Pillai is one of the three co-founders who started Solar Ladder, a supply chain startup, four years ago. The three co-founders laid the firm’s foundation around the end of their London School of Economics course. The firm has around 250+ solar EPC (Engineering, Procurement, and Construction) installers on board four years later. It also […] Read more
ReNew, Hero, Amp & ACME Get SECI’s 1200 MW ISTS-Connected Hybrid Project Awards Updated On Thu, Apr 27th, 2023 by Saurenergy The Solar Energy Corporation of India Limited (SECI), in its latest notification, awarded the contracts for developing a 1200 Megawatt (MW) of Inter-State Transmission System (ISTS)-Connected Solar-Wind Hybrid Project (Tranche-VI) to four bidders for their least bid tariffs. The final developers selected after an e-reverse auction held on April 12 included-Amp Energy Green Private Ltd, ReNew […] Read more
ACWA Power Gets $174 Million Loan From ADB For Uzbekistan Wind Projects Updated On Tue, Apr 25th, 2023 by Saurenergy Saudi Arabia’s ace renewable energy developer ACWA Power has received $174 million worth of loans from the Asian Development Bank (ADB) to develop the Bash wind power and Dzhankeldy wind power plants – both located in the Bukhara region in Uzbekistan. As per ABD, the ACWA Power financing comprises loans amounting to $40.5 million for […] Read more
Ocean Winds Secures £2 Billion Finance For Moray West Wind Farm Updated On Sun, Apr 23rd, 2023 by Saurenergy Ocean Winds has announced that its Moray West Offshore Wind Farm that is part of its portfolio of UK, has secured £2 billion of non-recourse project finance and reached financial close. The key sponsorship has come from Ocean Winds and Ignitis Group, as minority shareholder. The company is a joint venture between EDP Renewables and […] Read more
Govt Orders Implementing Scheme On Pooled Tariff Of Older Power Plants From July 1 Updated On Fri, Apr 21st, 2023 by Saurenergy The Ministry of Power, in its latest notification, has asked all states and other concerned institutions to take necessary actions to implement the proposed scheme of pooling tariffs of older thermal power plants whose Power Purchase Agreements (PPAs) have expired. The scheme aims to use the power generation capacity of thermal power plants older than 25 […] Read more
ReNew Power Bags 200 MW of GUVNL’s 500 MW Tender; Solarcraft, Mahindra Susten, Avaada Energy Other Winners Updated On Fri, Apr 21st, 2023 by Saurenergy Gujarat Urja Vikas Nigam’s (GUVNL) tender, floated in February this year, for the supply of power from 500 MW of grid-connected solar projects (Phase XIX) has been won by ReNew Power, Solarcraft Power, Mahindra Susten, and Avaada Energy. Capacities & Tariff ReNew Solar Power bagged the highest capacity of 200 MW. It had quoted Rs 2.71 […] Read more
