Ostro Energy Eligible For Compensation Due To Change In GST Rates: CERC Updated On Wed, Dec 27th, 2023 by Saurenergy The Central Electricity Regulatory Commission (CERC) in its latest judgement awarded compensation to Ostro Energy Private Limited, a renewable energy company. The compensation was awarded to it on account of surge in Goods and Services Tax (GST) after submitting its bid for a government project. As per the case details, Ostro Energy is a power […] Read more
43 Pumped Hydro Storage Projects With 55 GW Capacity Under Survey: Govt Updated On Wed, Dec 27th, 2023 by Saurenergy Union Power Minister R.K Singh in a written reply before the Parliament stated that a total of 43 Pumped Hydro Storage Projects (PSPs) are under survey and investigation in the country. He mentioned that these projects have an aggregate installed capacity of 55,085 MW. The minister also said that a total of four PSPs are […] Read more
Powergrid Acquires Two SPVs for Evacuation Of Green Power From Rajasthan Updated On Wed, Dec 27th, 2023 by Saurenergy Power Grid Corporation of India Limited (Powergrid) – a Maharatna CPSU under the Ministry of Power has recently acquired two Project Special Purpose Vehicles (SPVs) namely- Ramgarh II Transmission Limited and Beawar Dausa Transmission Limited for the Transmission System Projects. They will be used for the evacuation of power from the Renewable Energy Zone (REZ) […] Read more
Vestas Nets 1.38 GW Norfolk Vanguard West Offshore Wind Project Updated On Wed, Dec 27th, 2023 by Saurenergy Vattenfall, the Swedish renewable energy company, has chosen Vestas, the Danish wind turbine manufacturer, as the preferred supplier for the Norfolk Vanguard West project in UK, which boasts a capacity of 1.38 gigawatts (GW). As part of the preferred supplier agreement for the Norfolk Vanguard West project, Vestas will provide 92 V236-15 MW offshore wind […] Read more
Promoters To Invest Rs 9,350 Crore Equity In Adani Green Updated On Tue, Dec 26th, 2023 by Saurenergy Adani Green Energy Ltd (AGEL) announced that the Board of Directors of the firm have approved a preferential issuance of warrants to the Promoters of AGEL for a quantum of Rs 9,350 crore (equivalent to USD 1,125 million) at a per share price of Rs 1,480.75/share calculated basis SEBI ICDR regulations. The issuance is subject […] Read more
Evolve Tender Specifications To Boost Indian Floating Solar Sector: World Bank Report Updated On Tue, Dec 26th, 2023 by Saurenergy A latest report by the World Bank on the state of India’s floating solar segment said that the country needed to evolve tender specifications to boost the sector. The report mentioned that while India has a 300 GW potential for floating solar, merely 350 MW of the technology could be deployed till now. The report […] Read more
Gujarat Hosts 30% of India’s Total Rooftop Solar Capacity: Data Updated On Tue, Dec 26th, 2023 by Saurenergy Latest data on rooftop solar, shared by Union Minister for New and Renewable Energy RK Singh claimed that 30 percent of India’s total rooftop solar capacity comes from Gujarat alone. With a total capacity of 3.17 GW of rooftop solar, the state proved to be the frontrunner in India’s rooftop solar business. The data was […] Read more
Solar Faces Challenges in Procurement, Supply Chain Strategy: Rystad Updated On Tue, Dec 26th, 2023 by Saurenergy Rystad in its report lays importance on the need for development of procurement strategy for leading supply chain strategy, while prioritizing cost-effectiveness and sustainability. The report finds the supply chains system for oil and gas equipment and services to be relatively fragmented and geographically diverse. It found to be spread with suppliers coming from Europe, […] Read more
NTPC Looks for Solar Power Developers in 1500 MW Tender Updated On Tue, Dec 26th, 2023 by Saurenergy NTPC Ltd. has issued a tender inviting online bids from eligible bidders on single stage two Envelope (that is, envelope-I: technical bid and envelope-II: financial bid) with reverse auction for the selection of solar power developers in 1500 MW tender. These ISTS connected solar power projects will be established anywhere in India. The last day […] Read more
