UPERC Faults Generator For Not Utilising Banked Power On Time, Allows It To Lapse Updated On Thu, Mar 3rd, 2022 by Saurenergy In a recent judgement, Uttar Pradesh Electricity Regulatory Commission (UPERC) has sought to clarify the issue of banking of power by generators in the state. Amrit Bottlers Private Limited set up a 10 MW solar plant in Uttar Pradesh, which was commissioned in October 2020. Out of the total 10 MW capacity, 6 MW was […] Read more
120-year-old paper mill to become battery materials gigafactory in Sweden Updated On Thu, Mar 3rd, 2022 by Saurenergy Northvolt and Stora Enso have signed a letter of intent for the purchase of the Kvarnsveden Mill and the surrounding industrial area in Borlänge, Sweden. Northvolt will develop the site into a manufacturing plant for active material and battery cells, reusing and refurbishing much of the existing facilities and site infrastructure, an official statement said. […] Read more
RTC Power To make Up 5% of Renewable Power by 2025 Updated On Thu, Mar 3rd, 2022 by Saurenergy Even as India awaits its first large RTC (round the clock) renewable projects to come online, research agency CRISIL predicts that the share of RTC plants in the overall renewable (RE) capacity mix will increase from nearly nil today to over 5% by calendar 2025. The agency expects this to be achieved on the back […] Read more
Hyundai to Launch 17 EV Models by 2030 Updated On Thu, Mar 3rd, 2022 by Saurenergy South Korean auto giant Hyundai has planned to come up with at least 17 complete electric vehicle (EV) models by 2030. The plan is to ensure a robust EV line up and stay afloat in the view of tough competition from rival EV makers in the global market. The plan was disclosed when Hyundai Chief Executive […] Read more
Mahindra Group to Invest Fresh Rs 3000 cr in EV Business Updated On Wed, Mar 2nd, 2022 by Saurenergy Leading Indian automaker Mahindra & Mahindra Ltd (M&M) has said that the company will invest Rs 3000 crore in the coming three years in the electric vehicle segment where it will combine its capabilities of all the current operations across the world. Managing Director and CEO Anish Shah said that the company has massive investment plans for […] Read more
CERC nod for hydropower contracts in GTAM for HPO Compliance Updated On Mon, Feb 28th, 2022 by Saurenergy In a recent ruling, the Central Electricity Regulatory Commission (CERC) has granted approval to the Indian Energy Exchange Limited (IEX) to introduce hydropower contracts in Green Term-Ahead Market (GTAM) on its platform to facilitate the compliance of Hydropower Purchase Obligation (HPO) by obligated entities. The Ministry of Power (MoP) has set a target of 30000 […] Read more
“This fiscal we aspire to achieve 100 billion units in terms of volume”, says Rohit Bajaj, IEX Updated On Mon, Feb 28th, 2022 by Saurenergy Trading in India’s Green Day Ahead Market, ever since it started in October’21, and before that the Green Term ahead market (started in August 2020) has been on a growth path, hitting a high of 280 million units (MU) in January this year. Energy trading accounts for just 6% of the overall power market, with […] Read more
Wind Repowering in India Waits for a Favourable Wind Updated On Mon, Feb 28th, 2022 by Saurenergy The benefits of solar and wind energy as clean alternatives to oil, coal and gas are well established globally. Though many countries started their solar journey early, India’s solar-energy build-up has been consistently gathering momentum over the last decade, with the last five years seeing a sharp spurt. The wind energy sector, on the other […] Read more
ReNew Power Q3 Results, Revenues jump 25% but losses mount too Updated On Mon, Feb 28th, 2022 by Saurenergy The Nasdaq listed ReNew Energy Global (ReNew Power) has announced its results for the Third Quarter (Q3 FY22) and Nine Months of Fiscal 2022, both ended December 31, 2021. Operating Highlights: The commissioned capacity of the Company increased by 1.1 GW during Q3 FY22 of which 0.8 GW was added organically. As of December 31, […] Read more
