DERC Rules in Favour of Rays Power on PPA dispute With NDMC, Orders Payment of Arrears Updated On Fri, Apr 29th, 2022 by Saurenergy The Delhi Electricity Regulatory Commission (DERC) has finally approved the PPAs signed between Rays Power and NDMC, following a 7-year delay attributable to the latter. In March 2015, the New Delhi Municipal Council (NDMC) entered into 23 solar Power Purchase Agreements with Rays Power Experts Pvt. Ltd. In November 2016, NDMC approached DERC to request […] Read more
Deputy Manager – Electrical Maintenance Updated On Fri, Apr 29th, 2022 by Saurenergy Role & Responsibilities:- Monitor & control PM,CM,CBM,RCM, Break down maintenance Plan outage works Tripping Analysis and identify the root cause. Monitor and execution of Annual/ Capital overhaul maintenance Interface with other departments to achieve set plant goals Practice & implement Safety measures for departmental staff to achieve zero Incident/accident goals. Monitor contractor’s works to perform […] Read more
US startup raises $4.2 M to make affordable Green H2 for heavy industry Updated On Fri, Apr 29th, 2022 by Saurenergy Advanced Ionics, a US-based provider of next-generation industrial electrolyzers that can produce green h2 for less than $1/kg, has announced the closing of its initial financing of $4.2 million led by Clean Energy Ventures, a venture capital firm funding early-stage climate tech innovations, with participation from SWAN Impact Network. “By requiring significantly less electricity than […] Read more
New York State Passes Law that Bans Crypto Mining Based On Non Renewable Energy Updated On Fri, Apr 29th, 2022 by Saurenergy The New York State Assembly has passed a legislation that outlaws crypto currency mining that employs non-renewable energy sources. Democrat Anna Kelles sponsored the assembly bill A7389C. An assembly committee had voted on Monday to advance the bill to a full vote of the state assembly. The new law will impose a two-year moratorium on […] Read more
IEX Q4 and FY 2022 Results; Profit Grows 50% on 36% Growth in Topline Updated On Thu, Apr 28th, 2022 by Saurenergy India’s premier energy exchange, IEX has announced its fourth quarter and full year results for FY22. Key Highlights from the results are: (* All amounts are represented in the table are in Rs Crores) Particulars Q4FY21 Q4FY22 YoY FY21 FY22 YoY Electricity Volume (in BU) 22.4 24.8 10.5% 74.0 95.6 29.2% REC Certificates […] Read more
Germany’s GridX secures $40 Million in Series C Funding Updated On Thu, Apr 28th, 2022 by Saurenergy GridX, a German enterprise rate platform provider to modern utilities and energy technology companies, has closed $40 million in Series C funding led by Energy Impact Partners (EIP), a global investment platform. Moore Strategic Ventures (MSV), Sunfox Capital and NGP ETP also participated in the round with Hunter Horgan of MSV joining the company’s board […] Read more
CubicPV, Waaree In Multi-Year Supply Agreement For Silicon Cells Updated On Thu, Apr 28th, 2022 by Saurenergy US solar cell manufacturer CubicPV and Waaree Energies, Ltd, a leading domestic solar module manufacturer, have announced that they have entered into a multi-year supply agreement in which CubicPV will supply, per annum, 1 GW of silicon cells to Waaree. The cells will feature wafers made with CubicPV’s innovative Direct Wafer® technology, that produces wafers […] Read more
Dewa to spend $11 billion on Renewable Energy in Dubai Updated On Thu, Apr 28th, 2022 by Saurenergy The Dubai Electricity and Water Authority (Dewa) has announced that it will be investing $11 billion or Dh40 billion as capital expenditure over a period of next five years from now to enhance the utility’s renewable energy portfolio. Dewa has issued an official statement that confirms the media reports about the anticipated RE investments by […] Read more
April power demand hits new peak at 5,769MW in Delhi Updated On Thu, Apr 28th, 2022 by Saurenergy Delhi’s peak power demand broke yet another record on Wednesday and clocked 5,769 megawatt (MW) at 3.30pm, which is the highest ever for the national capital in April. The peak power demand had clocked 5,681 MW in Delhi on Tuesday. Sources said the previous record was 5,761 MW, registered just a week before, on April […] Read more
