2023’s Promise for Solar. Will India Rise To The Challenge? Updated On Mon, Jan 23rd, 2023 by Saurenergy Early into 2023, the ground is set for a momentous shift for solar. But first, the numbers. In the Jan-Dec period, figures from India’s Central Electricity Authority show that the country added 13956 MW of solar capacity, of which just over 11 GW was utility scale solar. This is by far the best ever performance […] Read more
IREDA & MNRE Peg Annual Performance Target for 2022-23 at 18% Higher Than Previous Year Updated On Fri, Jan 20th, 2023 by Saurenergy Indian Renewable Energy Development Agency Ltd (IREDA) has entered into an agreement with the Ministry of New and Renewable Energy (MNRE), towards the purpose of setting annual performance target for the year 2022-23. The goal has been pegged by the Government of India at Rs 3,361 crores for Revenue from Operation. This is an increase […] Read more
IREDA’s Partnership with EV Financing NBFC Mufin Green Updated On Tue, Jan 17th, 2023 by Saurenergy Mufin Green Finance Ltd– has forged a partnership with Indian Renewable Energy Development Agency Limited (IREDA) with an aim to EV penetration thrive in India. IREDA is a Mini Ratna (Category – I) Government of India Enterprise under the Ministry of New and Renewable Energy (MNRE). It is engaged in promoting, developing and extending financial […] Read more
Madhya Pradesh Plans Three New Floating Solar Projects Worth INR 7,500 Cr Investment Updated On Thu, Jan 12th, 2023 by Saurenergy Officials present in one of the sessions on the first day of ‘Invest Madhya Pradesh-Global Investors Summit’ that is being held in Indore, said that the development work on three floating solar power plants on water reservoirs in the state of Madhya Pradesh is about to commence. The investment into the three floating solar power […] Read more
Bihar (BERC) Gives Green Signal to 600 MW Solar Purchases From SECI Updated On Mon, Jan 2nd, 2023 by Saurenergy The Bihar Electricity Regulatory Commission (BERC) has given nod to procurement of 600 MW of solar power from Solar Energy Corporation of India (SECI) in Tranche-VIII by the distribution companies (DISCOMS). BERC has allowed the procurement at a tariff of Rs 2.50/kWh. The trading margin has been kept by the regulator at Rs 0.07 for […] Read more
L&T Gets EPC Contract for 90 MW Floating Solar in Omkareshwar, MP Updated On Thu, Dec 29th, 2022 by Saurenergy India’s leading engineering player – Larsen and Toubro (L&T) – has announced that the power transmission & distribution business of L&T Construction has secured multiple EPC orders in India and overseas. The key catch has been a contract for the development of a floating solar project in Madhya Pradesh. L&T held that the renewables arm […] Read more
Prioritising Rajasthan’s Energy Sufficiency Sustainably Requires Incentivising State Genco Updated On Mon, Dec 19th, 2022 by Saurenergy Solar energy is the most readily available source of non-polluting renewable energy resource. The uniqueness of the solar technologies is that it offers a wide range of applications in solar PV as well as solar thermal technology in which case, the generated heat could be used for domestic as well as industrial applications and power […] Read more
Mahindra CIE Automotive Takes 27% Stake in Captive Power Developer Strongsun Solar Updated On Tue, Dec 13th, 2022 by Saurenergy Automotive component maker and supplier Mahindra CIE Automotive has said that it has invested Rs 2.42 crore in Strongsun Solar. Mahindra has made the investment through a subscription of 3,03,250 equity shares of Rs 10 each of Strongsun Solar which will constitute 27.35% of the post-issue paid-up capital of the renewable energy company. Strongsun Solar […] Read more
MSEDCL Discovers Price of Rs 9.0/kWh in 250 MW Solar with Storage Tender Updated On Tue, Dec 13th, 2022 by Saurenergy The 250 MW solar project power purchase auction for the Maharashtra State Electricity Distribution Company (MSEDCL) has concluded Ayana Renewables Power Private Limited (ARPPL) and NTPC Renewable Energy as the winners. MSEDCL’s decided opening tariff was 9.65/kWh, while the awarded capacity tariff was 9.0/kWh. Ayana Renewables Power Private Ltd (ARPPL) and NTPC Renewable Energy, both […] Read more
