WoodMac’s Weekly Roundup: Covid-19 Impact on Power, RE Industry Globally Updated On Wed, Apr 15th, 2020 by Saurenergy One of the leading research and consultancy group, Wood Mackenzie (WoodMac) has provided its weekly analysis on the impact of coronavirus on the power and renewable energy industry globally. As per the report preliminary findings, solar and storage are expected to see ~20 percent coronavirus impact as compared to the base case. Whereas onshore wind […] Read more
Brazil Faces Indefinite RE Auctions Delay of Over 51GW Due to Coronavirus Updated On Mon, Apr 13th, 2020 by Saurenergy Amid the outbreak of Covid-19, the Brazilian government has postponed the national energy generation and transmission auctions of clean energy comprising more than 51 GW which were scheduled for May this year, for an indefinite time frame, said the report. This includes auctions both A-4 and A-6, as well as tenders for the transmission lines, […] Read more
Sterlite Power Commissions Rs 1,027 Cr worth of Gurgaon Palwal Transmission Project Updated On Mon, Apr 13th, 2020 by Saurenergy Adding another feather in its cap, Sterlite Power, one of the leading global developers in power transmission space, has commissioned the Gurgaon Palwal Transmission Project (GPTL) worth Rs 1,027 crore. This project is expected to enhance the power capacity of the Gurugram and Palwal areas in the state of Haryana by ~2000 MW. Further, the […] Read more
We Received Force Majeure Notices from Various Discoms, Despite Govt Directive: Azure Power Updated On Mon, Apr 13th, 2020 by Saurenergy Despite government directive to power distribution companies (Discoms) to pay dues on time, the country’s one of the leading independent solar power producer (IPP), Azure Power said that it has received Force Majeure notices from various Discoms citing an inability to perform their obligations as per the PPA due to Covid-19. There has been a […] Read more
PSPCL’s Advance Payment Scheme. Lucrative Offer or Open Distress? Updated On Mon, Apr 13th, 2020 by Saurenergy A visit to the website of the Punjab State Power Corporation Limited (PSPCL), the state’s primary discom, reveals an interesting offer that has just been released . Promoted as a ‘Golden opportunity to earn lucrative returns by advance payment’ the offer promises a return of 1 percent per month, or 12 percent per annum, for […] Read more
Maharashtra Discoms Turn Away From Costly PPAs to Energy Exchanges Updated On Mon, Apr 13th, 2020 by Saurenergy Discoms in Maharashtra are turning to energy exchanges to buy cheaper power to protect margins, eschewing PPAs that command much higher tariffs. With four-fifth of the economy shuttered for the third week, on account of COVID-19 control measures, pulling down power demand sharply, power utilities and Discoms in Maharashtra are turning to energy exchanges to […] Read more
Tata Power Wins 2020 Edison Award in the field of Innovation Updated On Sat, Apr 11th, 2020 by Saurenergy Utility giant Tata Power has won the most designated global Edison Award for its Club Enerji #Switchoff2SwitchOn campaign under Social innovation category and Social Energy Solutions subcategory. The Edison Awards, named after Thomas Alva Edison, recognizes and honours the world’s best innovations and innovators. The company has won the award after all nominations were reviewed by the Edison […] Read more
New Era of Generic Renewable Energy Tariffs in Maharashtra Starts Updated On Thu, Apr 9th, 2020 by Saurenergy Generic Renewable Energy Tariffs, which, until now declared by the respective state regulatory commissions have just entered into a new era of market determined mechanism, starting with Maharashtra. In its Generic Renewable Energy Tariff order for FY 2020-21 under MERC (Renewable Energy Tariff) Regulations, 2019 act, MERC (Maharashtra Electricity Regulatory Commission) has declared that projects […] Read more
Total Invests Rs 3,707 Cr to Form 50:50 JV with Adani Green Energy Updated On Tue, Apr 7th, 2020 by Saurenergy French multinational energy company Total S.A. (Total) has invested about Rs 3,707 crore, through its step-down subsidiary, to form 50:50 joint venture (JV) with Adani Green Energy Ltd (AGEL), the renewable energy arm of conglomerate Adani Group. The move came after the regulatory body – the Competition Commission of India (CCI) — has provided its […] Read more
