UK Fund Gresham House Raises £380m Funding For Storage Projects Updated On Fri, Nov 26th, 2021 by Saurenergy Gresham House Energy Storage Fund has secured a £380m bespoke funding package from NatWest bank with support the growth of its UK energy storage pipeline. Gresham House is a listed specialist alternative asset manager, offering funds, direct investments and tailored investment opportunities. The new funding will help finance seven newly announced battery energy storage projects due […] Read more
Power Ministry Issues Order Extending ISTS Benefits to BESS, Pumped Storage Projects Updated On Thu, Nov 25th, 2021 by Saurenergy In an order dated November 23, the Ministry of Power of the Government of India has notified key changes to its existing orders allowing waiver of ISTS (Inter State Transmission Charges) on Wind and Solar Sources. In the latest version, for Wind, Solar, Hydro PSP (Pumped Storage Projects) and BESS projects commissioned upto 30.06.2025, the […] Read more
Continued Tariffs On Module Imports to US On Agenda For Biden Updated On Thu, Nov 25th, 2021 by Saurenergy While a court ruling might have dented some of the tariffs imposed on module imports, in this case Bifacial module imports to the US, the odds of Trump era tariffs continuing remain high for the foreseeable future. This is as much due to continuing tensions with China, the key target, than the need to allow […] Read more
Renewable Energy Certificates. Trading Resumes, But Much Needs To Be Done Updated On Thu, Nov 25th, 2021 by Saurenergy Highlights: The market share of REC market had already shrunk to 9.2 lakh Renewable Energy Certificates (REC) in 2020-21, while 60.58 lakh RECs piled up till March end. As per CEEW-CEF analysis, as many as 5.1 million RECs have remained unsold due to poor RPO compliance across India, a demand shortfall of 7%. The Appellate […] Read more
Developers Should Be Protected From Abrupt Regulatory Changes Updated On Tue, Nov 23rd, 2021 by Saurenergy Intro: Amid all excitement around the ambitious goals set by PM Modi for the energy market in India, solar firms like Amplus Solar also raise apprehensions about a need for regulatory stability and certainty. These they feel are the key asks, for enabling more investments to flow into the country and, also in ensuring viability […] Read more
Meridian to Sell Aussie Biz to Shell & ICG Consortium for $5278 M Updated On Mon, Nov 22nd, 2021 by Saurenergy New Zealand electricity generator and retailer Meridian Energy is selling its Australian business to a consortium of Shell Energy Operations Pty Ltd, a wholly owned subsidiary of Shell and Infrastructure Capital Group (ICG) for A$729 million ($527.80 million), subject to possible adjustment depending on the timing of completion. On completion, Shell will become the owner of […] Read more
Renew Energy Concall. Sumant Sinha Sees 25 GW Corporate PPA Market In India Updated On Fri, Nov 19th, 2021 by Saurenergy Renew Power, or its new listed avatar, Renew Energy Global (RNW) hosted its first earnings call after its Q2 results yesterday. Presenting at the call were Sumant Sinha – Founder, Chairman, and CEO and D Muthukumaran – CFO. Capacity Additions On Schedule For Renew, which has positioned itself as the leading renewable energy firm from India, it […] Read more
Test Engineer Updated On Thu, Nov 18th, 2021 by Saurenergy This position is for a test engineer who will perform testing and support the project team on Ovation Digital Twin and its tools with subject expertise on high fidelity first principle-based power plant simulators. The person would leverage his power plant expertise, process knowledge, thermodynamic, fluid dynamic, and high-fidelity simulator knowledge to support personnel developing […] Read more
Renew Power Declares Q2 Results, H1 Revenues Up 26% Over FY21 Updated On Thu, Nov 18th, 2021 by Saurenergy ReNew Energy Global plc (“ReNew Power”), has announced its consolidated results for the Quarter ending September 2021. These are the first full set of results from the firm since its merger with RMG II, a special purpose acquisition vehicle (SPAC) to list on NASDAQ. Till date, the Renew power listing through the SPAC route remains […] Read more
