NTPC Ltd Reports 13 Percent Rise In PAT In H1 of FY24 Updated On Sun, Oct 29th, 2023 by Saurenergy NTPC Limited in its latest financial results declared a 13 percent increase in its Profit After Tax (PAT) during the first half (H1) of FY24 on a standalone basis. The central Public Sector Utility (PSU) said that its PAT for H1 FY24 was Rs 7,951 crore as against Rs 7,048 crore in H1 FY23. Meanwhile […] Read more
Flexible Energy Solution Key Towards Decarbonization: EEA Updated On Wed, Oct 25th, 2023 by Saurenergy The European Environment Agency (EEA) recently published a report titled ‘Flexibility Solutions for Decarbonization: Securing the EU Electricity System.’ This report highlights a significant surge in renewable energy capacity, specifically in solar and wind energy, which is expected to increase from 24% to 60% of the total renewable energy capacity. The report indicates that this development will […] Read more
Canada’s Brookfield Asset Management Adds $845 Mn for JV with Axis Energy Updated On Fri, Sep 29th, 2023 by Saurenergy Canadian investor in renewable energy, Brookfield Asset Management has announced a second joint venture with Telangana-headquartered clean energy firm, Axis Energy Ventures. Brookfield Asset Management will invest worth $845 million in solar and wind energy projects of the Indian firm. The investment is being made from the Brookfield Global Transition Fund II to accelerate countrywide […] Read more
TotalEnergies to Invest $300 Mn in JV with Adani Group for Green Energy Updated On Thu, Sep 21st, 2023 by Saurenergy French multi-energy firm, TotalEnergies, will make an investment to the tune of $300 million in a 50-50 joint venture with Adani Green Energy. This initiative is towards the generation of solar and wind energy in India. The joint venture between the two firms sets sights on 1,050 MW of power. The investment by TotalEnergies will […] Read more
What Is Delaying Commissioning of India’s 96 GW Under-Construction RE Projects? Updated On Wed, Sep 20th, 2023 by Saurenergy A quarterly report by the Central Electricity Authority (CEA) for the period ending July 31 claims that renewable energy projects of up to 96 Gigawatt (GW) are under construction in the country. These projects are related to the renewable energy projects tendered through the Solar Energy Corporation of India (SECI) and other central public sector […] Read more
Rajasthan Sees Fossil Contribution Shrink For 4 Consecutive Months Updated On Mon, Sep 18th, 2023 by Saurenergy New data from global energy think tank Ember reveals that the share of fossil fuels in Rajasthan’s power generation mix has hit record-low levels at 50 percent from April to July this year. It is the first time that the lowest level was sustained for over a quarter of the year. Fossil fuels generated 34 […] Read more
RPO Non-Compliance Penalty Should Be Higher: Prayas Energy Group Updated On Fri, Sep 15th, 2023 by Saurenergy Pune-based energy think tank Prayas Energy Group has urged the Maharashtra Electricity Regulatory Commission (MERC) to consider keeping the penalty for non-compliance of Renewable Purchase Obligation (RPO) higher. The think tank expressed its views in connection with the MERC draft (RPO, Its Compliance and Implementation of Renewable Energy Certificate Framework (First Amendment) Regulations 2023. RPO […] Read more
TNERC Proposes Changes In Deviation Settlement Norms For Electricity Updated On Tue, Sep 12th, 2023 by Saurenergy The Tamil Nadu Electricity Regulatory Commission (TNERC) has developed a draft regulation to change the deviation settlement policy for solar and wind power generators. The new draft regulation is named TNERC (Forecasting, Scheduling and Deviation Settlement and related matters for wind and solar generation) Regulations, 2023. It aims to repeal the existing 2019 Regulations in […] Read more
Cabinet Approves Rs 3,760cr For VGF Scheme On Battery Storage Updated On Wed, Sep 6th, 2023 by Saurenergy Union Minister Anurag Thakur said that the Union Cabinet today approved a special scheme of Viability Gap Funding (VGF) for the battery energy storage system manufacturers in India. After the Cabinet meeting, he briefed the media on the issue today in New Delhi. Prime Minister Narendra Modi chaired the meeting. The announcement came days before […] Read more
