Is The SB Energy Exit A Worrying Sign For India? Updated On Thu, May 20th, 2021 by Saurenergy By Now, the news of SB Energy’s portfolio buyout by Adani Green Energy (AGEL) has been well reported. The 100% buyout of SB Energy India assets by AGEL for $3.5 billion, for a fresh 4954 MW of additions to AGEL’s total assets including project pipeline, has been cited as a possible warning sign for India’s […] Read more
Ciel & Terre Installs India’s Largest Floating Solar Plant in Tamil Nadu Updated On Wed, May 19th, 2021 by Saurenergy Ciel & Terre has successfully completed the engineering, float supply, supervision of a 14.7 MW floating solar plant for SPIC in Tamil Nadu Ciel & Terre India, a subsidiary of Ciel & Terre International, a global leader in floating solar, has successfully completed the plant engineering, float supply, supervision of the 14.7 MWp floating solar […] Read more
Adani to Acquire SB Energy’s 5 GW Portfolio in India’s Largest Renewables M&A Deal Updated On Wed, May 19th, 2021 by Saurenergy Adani Green Energy has signed agreements for the acquisition of 100 percent interest in SB Energy India from the SoftBank & Bharti Group Adani Green Energy Limited (AGEL), has announced that it has signed the share purchase agreements for the acquisition of 100 percent interest in SB Energy India from the SoftBank Group (80 percent) […] Read more
CERC Judgement on SB Energy’s 300 MW Bhadla Project Compensation Updated On Tue, May 18th, 2021 by Saurenergy A plea by SB Energy at the CERC, with SECI and Rajasthan Urja Vikas Nigam as respondents, was disposed off by the commission with a now predictable template on most of the contentions. In doing so, the CERC has served to iterate what seems to be well established rules for such situations. The final order […] Read more
‘Fit-for-55’; Need More Than Targets to Boost Wind Energy: WindEurope Updated On Mon, May 17th, 2021 by Saurenergy With its ‘Fit-for-55 Package’ the European Union wants to create the right framework for an emission reduction of 55% by 2030 and set the course for carbon neutrality by 2050. The package will include a higher renewable energy target, but targets alone won’t deliver the wind volume Europe needs. WindEurope outlines the wind industry’s key […] Read more
IEX Q4 FY21 Results: ‘Unprecedented Performance’; Rs 100 Cr Revenues Updated On Fri, May 14th, 2021 by Saurenergy The Indian Energy Exchange (IEX) released its audited consolidated financial results for the fourth quarter ended March 31, 2021, today, announcing an “unprecedented performance” in the last fiscal year. The New Delhi-headquartered power trading exchange, which is regulated by Central Electricity Regulatory Commission (CERC), reported 37.3% YoY growth in electricity volumes in the last year. In […] Read more
MNRE Waives off Hard Copy Requirement for RE Project Invoices Updated On Fri, May 14th, 2021 by Saurenergy The Ministry of New and Renewable Energy (MNRE) released a notification yesterday, stating that for RE projects which were scheduled to be implemented April 1, 2021, onwards, the requirement of submitting physical hard copies has been waived off and the implementing agencies have been directed to accept soft copies of invoices. The notification is meant as […] Read more
Another Deadline for OE Services Related to Solar & Storage Project in Chhattisgarh Updated On Fri, May 14th, 2021 by Saurenergy The Solar Energy Corporation of India (SECI) has extended the bid submission deadline for the selection of consultancy firms for Owners Engineer (OE) services for the 100 MW (AC) solar PV project (160 MWp DC capacity) along with 40 MW/120 MWh Battery Energy Storage System (BESS) at district Rajnandgaon, Chhattisgarh during the design, construction, commissioning and preparations […] Read more
Azure Power’s Petition for GST Compensation Dismissed by MERC Updated On Wed, May 12th, 2021 by Saurenergy The Maharashtra Electricity Regulatory Commission (MERC) recently heard a petition filed by Azure Power Thirty Four Private Limited (APTFPL), which sought INR 22,52,61,708 in compensation for “increase in costs” due to a change in the rate of Goods & Services Tax (GST) following a notification issued by the Ministry of Finance in December 2018. APTFPL tried […] Read more
