MoP Launches Regulatory Compliance Division to Monitor Discoms Updated On Fri, Aug 27th, 2021 by Saurenergy The Ministry of Power (MoP) has set up a regulatory compliance division to monitor the various regulatory parameters and their compliances by the DISCOMS (distribution companies) as well as state commissions. The information was revealed in a recent interaction between Union Minister of Power and New & Renewable Energy RK Singh and electricity regulators. The […] Read more
India’s Emissions Have Dropped by 28% from 2005 Levels: R K Singh Updated On Thu, Aug 26th, 2021 by Saurenergy India has already achieved emission reduction of 28% over 2005 levels, against the target of 35% by 2030 committed in its NDC (Nationally determined contributions), which makes India one of the few countries globally that have kept to their Paris Climate Change (COP21) commitments along with an exponential increase in renewable energy capacity, said Union […] Read more
Indian RE Sector Stable But Riddled With Payment & PPAs Signing Delays Updated On Thu, Aug 26th, 2021 by Saurenergy While India’s renewable energy (RE) sector is currently stable, the key challenges containing its growth lie on the execution front, finds a new report by ICRA. According to the report, the RE sector’s present stability is on account of strong project pipeline, the government’s continued policy support, and superior tariff competitiveness offered by wind and […] Read more
Storage Integrator FlexGen Bags $150 M Investment from Apollo Funds Updated On Thu, Aug 26th, 2021 by Saurenergy Apollo Global Management, an alternative asset management group, has announced a $150 million equity commitment to FlexGen Power Systems, a leading integration services and software technology provider for energy storage solutions in the US and globally. Apollo’s investment will be made in partnership with FlexGen’s existing investors, Altira Group and the founding investment group led […] Read more
Japan to Recycle Solar Modules Using Blockchain Tech Updated On Wed, Aug 25th, 2021 by Saurenergy Solar PV manufacturer Next Energy and trading and investment business conglomerate Marubeni are partnering to recycle used solar panels using blockchain technology, as part of a programme supported by Japan’s Ministry of the Environment. Mitsubishi Research Institute will also assist the two companies in developing and demonstrating the potential of blockchain in reporting and recording information […] Read more
China’s Goldwind Earns 292.3 M Net Profit in H1 FY21 Updated On Tue, Aug 24th, 2021 by Saurenergy Beijing-based wind turbine manufacturer Goldwind has released interim results for 2021, reporting a net profit of around CNY 1.9 billion ($292.3 million) in the first half of the financial year. Officially known as Xinjiang Goldwind Science & Technology Co., Ltd., this state-owned multinational realised revenue of CNY 17.85 billion in H1 FY21. Gross profit was CNY 4.919 billion, […] Read more
TPREL Commissions 150 MW Solar Project in Rajasthan Updated On Tue, Aug 24th, 2021 by Saurenergy Tata Power Renewable Energy Ltd. (TPREL), a wholly-owned subsidiary of Tata Power, has commissioned a 150 MW solar power project in Loharki, a village in Rajasthan. Spread across 756 acres of land, this plant is expected to generate more than 350 million units annually. Approximately 656,700 modules were used in the project, and the installation […] Read more
AEML Supports MNRE’s Rooftop Solar Prog to Help Consumers Go Green Updated On Tue, Aug 24th, 2021 by Saurenergy Adani Electricity Mumbai Limited (AEML), in partnership with the Ministry of New and Renewable Energy (MNRE), is driving grid- connected rooftop program for its residential and housing society customers, who will get up to 40% subsidy on the project cost as a central financial assistance from MNRE, according to a report by the Free Press Journal, […] Read more
MSEDCL Issues Tenders for 800 MW Wind Projects Updated On Tue, Aug 24th, 2021 by Saurenergy The Maharashtra State Electricity Distribution Company (MSEDCL) has recently issued two requests for selection (RfS) to procure 500 MW of wind power from intra-state wind power projects and 300 MW of wind power from new grid-connected inter-state and intra-state wind projects. In total, MSEDCL will procure 800 MW wind power on a long-term basis through […] Read more
