CERC Orders Compensation To Hero Solar SPV Over Surge In GST Rates Updated On Thu, May 18th, 2023 by Saurenergy The Central Electricity Regulatory Commission (CERC) in its latest judgment, ordered giving financial compensation to Clean Solar Power (Jodhpur) Private Limited on account of the escalation of Goods and Services Tax (GST) rates from five percent to 12 percent in 2021. Clean Solar Power is a Special Purpose Vehicle (SPV) of Hero Solar Energy. The solar […] Read more
MRF To Buy 19% Stake In First Energy For Solar Power Purchase Updated On Wed, May 17th, 2023 by Saurenergy Global vehicular tyre manufacturer MRF has said it will be picking up a stake of upto 19.10 per cent in First Energy 4 Pvt Ltd. The contract value disclosed by MRF in the announcement has been estimated to be Rs 13.09 crore. The renewable energy firm develops, constructs, operates, and maintains renewable energy-based power plants […] Read more
Osaka Scoops 350-MW Solar Portfolio From EE North America Updated On Wed, May 17th, 2023 by Saurenergy European Energy subsidiary EE North America has announced that it has signed an agreement to sell a 350-MW utility-scale solar project in Texas to Osaka Gas USA Corporation (OGUSA). The solar power project is expected to be operational in 2025. OGUSA is a wholly owned subsidiary of Osaka Gas Co., Ltd., one of the largest […] Read more
A Lack of Awareness Among Key Stakeholders About Benefits Of Solar Insurance- Sudhish Ramteke, Anand Rathi Updated On Wed, May 17th, 2023 by Saurenergy As solar has achieved scale and a future of strong growth, insurance firms have also done well to catch up and offer products for the sector. Besides the obvious role of de-risking projects for developers, insurance firms also play a key role in wider understanding and acceptance of the risks involved for other key stakeholders, […] Read more
UP Floats Tender To Outsource Operations & Maintenance Of Solar Mini-Grids Updated On Tue, May 16th, 2023 by Saurenergy The Uttar Pradesh New and Renewable Energy Development Agency (UPNEDA) has now issued a tender to outsource the operations and maintenance of its solar mini-grids. The government plans to give the contract to the interested parties on a revenue-sharing basis. The tender also said that with this, the state agency intends to revive and restore the old […] Read more
NTPC Eyes 130 MW Floating Solar in Tripura Updated On Tue, May 16th, 2023 by Saurenergy National Thermal Power Corporation (NTPC) said that it will be conducting a feasibility study for a 130 MW floating solar power plant on Dumbur Lake that falls in Gomati district of Tripura. In the current case, Tripura Renewable Energy Development Agency (TREDA) has inked an MoU with NTPC for the feasibility study. As part of […] Read more
Maharashtra Discom To Get Solar Energy At Rs 3.30/Unit Under Rural Solar Scheme Updated On Mon, May 15th, 2023 by Saurenergy The Maharashtra State Electricity Distribution Company Limited (MSEDCL) is now all set to procure 150 Megawatt (MW) of solar power on a long-term basis under the Mukhyamantri Saur Krishi Vahini Yojana (MSKVY) at the rate of Rs 3.30 per unit. The Maharashtra Electricity Regulatory Commission (MERC) also approved these rates recently. The scheme allows farmers or […] Read more
Project Procurement – Solar (Magnetics) Updated On Fri, May 12th, 2023 by Saurenergy For the Secure Power Business, Energy Management Division, we are looking a new Project Procurement Leader (PPL) The LoB(Line of Business) is changing the way of working to be more Agile, the PPL will lead the procurement activities withing the Leagues or Squad. The Project Procurement Leader is part of a product development project team […] Read more
Terafab From Terabase: ‘A Solar Factory to Build Many Solar Factories’ Updated On Fri, May 12th, 2023 by Saurenergy Californian based solar power plants’ solutions provider Terabase Energy has come up with a novel technology which is virtually a ‘factory that builds solar factories.’ It has launched Terafab which the world’s first automated & digital field factory for solar power plant construction. The Terabase technology transforms solar power plant construction with a modern factory […] Read more
