Procurement At Scale Helped Bring Down Prices By 22% For 3 Wheelers Updated On Fri, Dec 10th, 2021 by Saurenergy With its focus on delivering clean, affordable, and reliable energy, Convergence Energy Services Limited (CESL) is playing a key role in creating an enabling ecosystem for transitioning to renewable, energy efficient solutions, specially, electric mobility. CESL, a subsidiary of state-owned Energy Efficiency Services Limited (EESL), works under the Ministry of Power, Government of India. Saur […] Read more
TNERC Allows TANGEDCO To Get Away With 6% Interest On Delayed Payments Updated On Fri, Dec 10th, 2021 by Saurenergy The Tamil Nadu Electricity Regulatory Commission (TNERC) has recently ruled in favour of a wind energy producer Rajaguru Spinning Mills Private Limited, directing the Tamil Nadu Generation and Distribution Corporation (TANGEDCO) to make payments to the producer with 6% interest per annum within a month. Aggrieved at delayed settlement of invoices pertaining to a wind […] Read more
Offshore Wind at 11 Paise? Understanding The Award Of The 1 GW Thor Offshore Project By Lottery Updated On Fri, Dec 10th, 2021 by Saurenergy Early this month on December 1, the Danish energy agency announced that Germany’s RWE had won a tender to build what will be Denmark’s largest wind farm. The Thor Wind farm. What was interesting here was that this was possibly one of the biggest renewable awards made by a lottery, after multiple bidders (6) tied […] Read more
APTEL Tries To Put a Lid On Issue of Fixed Charges During Covid Lockdown Updated On Thu, Dec 9th, 2021 by Saurenergy In an order brought about after a petition by the Rajasthan textile association versus various state discoms of Rajasthan and the Rajasthan State Regulatory commission (RERC), the Appellate Tribunal for electricity (APTEL) has sought to put at rest claims for a waiver of fixed charges imposed on power consumers through the lockdown last year. While […] Read more
Green Products to be Cheaper After EU Changes VAT Rules Updated On Thu, Dec 9th, 2021 by Saurenergy European Union finance ministers agreed on Tuesday to change EU rules so that they can cut the Value Added Tax (VAT) on goods and services linked to fighting climate change, health protection and making the EU more ready for the digital age. At the same time they agreed to phase out by 2030 some of […] Read more
CERC Agrees With Tata Motors, Allows One time Relaxation For Issue of RECs Updated On Thu, Dec 9th, 2021 by Saurenergy In an interesting order published yesterday, the Central Electricity Regulatory Commission (CERC) has provided relief to Tata Motors (petitioner), on a plea the latter made against the respondent, National Load Despatch Centre (NLDC) in the matter of issuance of the Renewable Energy Certificates to the Petitioner for the specified period. The Issue: Tata Motors, which […] Read more
GoodWe Adds Top Altman-Z Score To Strengthen High Bankability Status Updated On Thu, Dec 9th, 2021 by Saurenergy In few industrial sectors is the financial strength of every supplier taken as seriously as it possibly is in the case of solar energy. For the young sector, where projects are routinely expected to last 25 years, with minimum product warranties starting at 5 years, suppliers bankability has always been a selling point with financiers. […] Read more
CERC Declines To Step in For Change In Law Petition From Mahindra Renewables Updated On Wed, Dec 8th, 2021 by Saurenergy In a recent judgement, the Central Electricity Regulatory Commission (CERC) rejected Mahindra Renewables Private Limited’s arguments in its petition regarding Change of Law (CIL) rules with respect to a power purchase agreement (PPA) signed with Solar Energy Corporation of India Limited (SECI) in December 2018. Mahindra Renewables petitioned CERC, seeking that the imposition of safeguard duty on […] Read more
Greenko, John Cockerill Partner on Green H2 Initiatives in India Updated On Wed, Dec 8th, 2021 by Saurenergy Greenko Group, a Hyderabad-based cleantech firm, and John Cockerill, manufacturer of alkaline electrolysers in Belgium, on Tuesday said they have signed an exclusive agreement to jointly develop market initiatives for green hydrogen electrolyzers in India. According to the joint press release, this partnership will facilitate the production of the lowest-cost green hydrogen by enabling delivery […] Read more
