RE Projects With No PPAs, Made For Power Exchanges- CFD could Make It Possible Updated On Fri, Jun 9th, 2023 by Saurenergy In an announcement that could potentially change the landscape of renewable energy projects, the way they are procured and the flexibility, freedom enjoyed by developers and generators in the industry, new renewable energy projects can now be sold on power exchanges exclusively. Traders and project developers will interact directly for contracting supplies from these projects. […] Read more
MP Allots 525 MW Of Pumped Storage Project At Indira Sagar To NHDC Updated On Fri, Jun 9th, 2023 by Saurenergy The Renewable Energy department of Madhya Pradesh (MP) allotted a 525 Megawatt (MW) of Pumped Storage Project (PSP) to the NHDC Limited, a joint venture of the National Hydro Power Corporation (NHPC) and the Madhya Pradesh government. As per the mandate, the PSP would be constructed using the Indira Sagar reservoir and Omkareshwar reservoir under […] Read more
BPCL Invites Bids for Consultancy Services of 50 MW Wind Power Projects Updated On Thu, Jun 8th, 2023 by Saurenergy Public sector fuel marketing major Bharat Petroleum Corporation Ltd (BPCL) has issued a tender inviting bids for 50 MW of wind projects to be established in Maharashtra and Madhya Pradesh. The last date for the submission of bids is June 22, 2023. The scope of the work entails preparing tender documents, specifications for the EPC […] Read more
Five Reasons EVs Will Deliver On Their Clean Promise Updated On Thu, Jun 8th, 2023 by Saurenergy In Part 1 of this two-part series yesterday, we covered the various challenges to Electric Vehicles (EVs), especially regarding their green credentials. However, the EV juggernaut has only picked up speed in India, with the market leader, Tata Motors, which leads in the four-wheeler EV segment with their EV models-Tiago and Nexon is now all set to launch its […] Read more
ReNew Reports 47% Growth In Total Income In Q4 On YoY-Basis Updated On Wed, Jun 7th, 2023 by Saurenergy Renewable energy company Renew announced its Q4 and FY23 results today, indicating its growth in renewable capacities and total incomes. A release from the cleantech company said by the end of March 31 this year, the company’s portfolio stood at 13.7 Gigawatt (GW). It reported a total of 28.2 percent increase year-on-year (YoY). It claimed […] Read more
Serentica Partners for Contracts Worth INR 10,000 cr for Phase 1 of RE Projects Updated On Wed, Jun 7th, 2023 by Saurenergy Renewable energy platform Serentica Renewables has announced successful placement of contracts worth INR 10,000 crore for its upcoming renewable energy projects. The contracts placed upon leading renewable energy solution providers will enable Serentica to develop 1.5 GW of renewable energy capacity in India. Serentica is setting up solar and wind capacities across the states of […] Read more
EVs Face A Speed Breaker As Skeptics Gather Evidence Around Key Issues Updated On Tue, Jun 6th, 2023 by Saurenergy The Delhi government recently announced Motor Vehicle Aggregator Policy, which mandates a shift to EVs for cab aggregators, besides other incentives for electric vehicles (EVs). The move has apparently caused a pause in the stock price of CNG supplier Indraprastha Gas Limited (IGL). The plan mulls phase-wise conversion of commercial cab services, running primarily on […] Read more
Traded Power Prices Drop 30% YOY At IEX To Rs 4.74/unit In May Updated On Tue, Jun 6th, 2023 by Saurenergy In a good sign for India’s summer months, power trading prices at the largest power exchange in the country, IEX, dropped 30% YOY to Rs 4.74/unit in May. During the month, the exchange enabled 8,251 MU (million units) of power trades. The green market trades at 358 MU, 1.42 lac Renewable energy certificates (RECs equivalent […] Read more
MNRE To Grant RE Project Extensions In GIB Habitats Only On ‘Merit’ Updated On Mon, Jun 5th, 2023 by Saurenergy The Ministry of New and Renewable Energy (MNRE) has now decided to grant an extension to renewable power projects in Great Indian Bustard (GIB) habitat areas only based on the case’s merits. It has planned to do away with the earlier system of giving a blanket exemption of 30 days in the scheduled commencement of […] Read more
