Duke Energy To Offload Commercial Distributed Generation Biz to ArcLight In $364 million Deal Updated On Thu, Jul 6th, 2023 by Saurenergy Duke Energy has announced an agreement to sell its commercial distributed generation business to an affiliate of ArcLight Capital Partners, LLC , a leading middle market infrastructure investor, for an enterprise value of $364 million, inclusive of non-controlling tax equity interests. Duke Energy expects approximately $259 million of proceeds from this transaction, which is subject to certain […] Read more
Offer Industrialization Lead Updated On Wed, Jul 5th, 2023 by Saurenergy We are hiring an Offer Industrialization Lead with a strong background in manufacturing process and third-party manufacturing management to join the Schneider Electric Solar and Storage team in Bangalore, India. Responsibilities:- Ensure smooth transition of new products from design to full-scale production Plan, budget and organize industrialization activities using agile methodologies Collaborate with engineering teams early on […] Read more
Indu Shekhar Chaturvedi Assumes Role of Director General at Electric Power Transmission Association Updated On Wed, Jul 5th, 2023 by Saurenergy The Electric Power Transmission Association (EPTA), an association consisting of leading private electricity transmission developers, industry stakeholders, and experts in electricity transmission, announced the appointment of Indu Shekhar Chaturvedi to the position of Director General. In his role, Chaturvedi will be responsible for leading EPTA’s efforts to promote the development of a robust, reliable, and […] Read more
IEX Sees 8% Volume Increase YoY in June ’23 to Reach 8946 MU Updated On Wed, Jul 5th, 2023 by Saurenergy Indian Energy Exchange (IEX), India’s premier energy exchange, achieved 8946 MU overall volume in June 2023, including green market trade of 272 MU, 5.33 lac RECs (equivalent to 533 MU) and 2.44 lac ESCerts (equivalent to 244 MU). The overall volume during the month was higher 8% on YoY basis. IEX achieved 25,125 MU volume […] Read more
APTEL Determines Interim CUF at INR 5.71 Per Unit for ODisha Hydro Project Updated On Mon, Jul 3rd, 2023 by Saurenergy The Appellate Tribunal for Electricity (APTEL) has accepted the plea of Baitarani Power Project Private Limited contending the previous order of the State Commission, which had reduced its project tariff for a 24 MW small Hydro Electric Project to INR 5.03 per unit. The order had been passed by the Odisha Electricity Regulatory Commission in […] Read more
CERC Orders Compensation for Adani Subsidiary Over ‘Change of Law’ Events Updated On Mon, Jul 3rd, 2023 by Saurenergy The Central Electricity Regulatory Commission (CERC), in its latest order, directed the Solar Energy Corporation of India (SECI) and other related entities concerned to compensate Adani Solar Energy Jodhpur Four Private Limited, a Special Purpose Vehicle (SPV) of Adani Green Energy. The order came to the fore after the SPV moved a petition before the CERC […] Read more
ReNew Energy Commissions 27.2 MW Hybrid Renewable Project For Toyota Kirloskar Updated On Fri, Jun 30th, 2023 by Saurenergy Toyota Kirloskar Motor (TKM) has inaugurated a 27.2 MW group captive solar and wind renewable energy project, established through a joint venture with ReNew Energy Global Plc, located at Kudligi Taluk, Vijaynagara district of Karnataka State, home to TKM’s existing solar plant. The green power generated through this project will be exclusively channelled to TKM, […] Read more
World Bank Approves $200 Mn Loan to Himachal for RE Sector Reforms Updated On Wed, Jun 28th, 2023 by Saurenergy World Bank’s Board of Executive Directors has approved a $200 million loan for the Government of Himachal Pradesh to support power sector reforms in the state and increase the share of Renewable Energy (RE) in its electricity generation. The loan aligns with Himachal Pradesh’s objective of adding 10 GW of additional RE capacity to make […] Read more
AngloGold Ashanti Unveils Renewable Project with Storage at Tropicana Gold Mine in Australia Updated On Wed, Jun 28th, 2023 by Saurenergy Global mining company AngloGold Ashanti plans to build one of the largest renewable projects in Australia’s natural resource sector, the firm announced recently. The company’s subsidiary, AngloGold Ashanti Australia Ltd., has agreed with power developer Pacific Energy to construct and operate 62 MW of wind and solar generation capacity at the Tropicana gold mine site. […] Read more
