JERC Rejects Plea of Puducherry Firm For Enhancing Net Metering Limit For Captive Solar Updated On Wed, Apr 26th, 2023 by Saurenergy The Joint Electricity Regulatory Commission for the State of Goa & Union Territories has rejected the petition filed by Puducherry-based Rane Brake Lining, seeking relaxation of provision 4.4 of JERC for State of Goa and UTs (solar PV grid interactive system based on net metering) Regulations 2019. The provision imposes a cap on maximum solar […] Read more
CWP Europe Collaborates With PowerChina Resource For 300 MW Serbian Wind Project Updated On Wed, Apr 26th, 2023 by Saurenergy Renewable energy developer of Southeast Europe, CWP Europe has collaborated with PowerChina Resources for the construction of the largest wind farm in Serbia that will have a capacity of 300 MW. CWP Europe held that the investment agreement was signed in Belgrade on by Executive Vice President of PowerChina Resources He Shiyou and CEO of […] Read more
ACWA Power Gets $123 Million Loan For 200MW Egyptian Solar Project Updated On Tue, Apr 25th, 2023 by Saurenergy Saudi Arabia’s renewables developer ACWA Power has secured a financial package of $123 million to develop 200MW Kom Ombo utility-scale solar power plant in Egypt. Financing institutions for the solar project of ACWA Power include EBRD, OPEC Fund OPEC Fund, African Development Bank (AfDB), Sustainable Energy Fund for Africa (SEFA), GCF, APICORP and Arab Bank. […] Read more
The Top 5: Risks to Renewable Energy from Climate Change Updated On Tue, Apr 25th, 2023 by Saurenergy Climate change has already started posing real-world challenges. It is not just affecting adversely the developmental plans but is also disrupting the livelihoods of a considerable section of the human population in the regions prone to climate change disasters such as floods, droughts, sea level rise, etc. Renewable energy (RE) has given a push developmental […] Read more
ACWA Power Gets $174 Million Loan From ADB For Uzbekistan Wind Projects Updated On Tue, Apr 25th, 2023 by Saurenergy Saudi Arabia’s ace renewable energy developer ACWA Power has received $174 million worth of loans from the Asian Development Bank (ADB) to develop the Bash wind power and Dzhankeldy wind power plants – both located in the Bukhara region in Uzbekistan. As per ABD, the ACWA Power financing comprises loans amounting to $40.5 million for […] Read more
OCI Solar Power Sells 110 MW Texas Solar Project to Mitsui Updated On Tue, Apr 25th, 2023 by Saurenergy Just as Joe Biden administration is pushing up the renewables in the USA through legislative and administrative exercise, Texas based utility-scale developer OCI Solar Power has announced that it has sold a 110 MW construction-ready, solar photovoltaic project to Mitsui & Co., Ltd. The solar power project is located in Hill County, Texas named ‘Three […] Read more
EBRD Lends €29 Million For Albania’s 140MW Solar Project Updated On Tue, Apr 25th, 2023 by Saurenergy The European Bank for Reconstruction and Development (EBRD) has said that its lending €29 million to an Albanian special-purpose vehicle, owned by France’s Voltalia, to develop the 140 MW Karavasta solar plant. This solar power plant will come up in the Fier area of south-western Albania. The EBRD is anchoring the €99 million financing structure […] Read more
12 Out of 23 Solar Manufacturers Get 2 Months Validity Bonus In MNRE’s New ALMM Order Updated On Mon, Apr 24th, 2023 by Saurenergy The Ministry of New and Renewable Energy (MNRE), in its latest order on the Approved List of Models and Manufacturers (ALMM), has extended the validity of 12 out of 23 solar manufacturers whose validity expired on March 9, 2023, and those who approached the ministry for such extension. These 23 solar manufacturers were the first lot of […] Read more
SECI Records 59% Rise in RE Power Trading, Revenue Crosses Rs 10,000 Cr For The First Time Updated On Mon, Apr 24th, 2023 by Saurenergy The Solar Energy Corporation of India (SECI) Monday said it recorded a 59 percent jump in the renewable energy power trading volume in Financial Year 2022-23. The arm of the Ministry of New and Renewable Energy (MNRE), in a media release, said that it traded over 35 Billion Units (BU) during the period. It also reported […] Read more
