CERC’s Order Lowering REC Forbearance, Floor Price Removal Positive for Obligated Entities Updated On Wed, Jun 24th, 2020 by Saurenergy With the significant reduction in wind and solar power tariffs during the last three years, the power sector regulator Central Electricity Regulatory Commission (CERC) has recently reduced the forbearance prices and also removed the floor price for the Renewable Energy Certificates (RECs). This move is expected to negatively impact the REC projects, even as it […] Read more
Iberdrola Agrees Deal for Stake in 9 GW of Offshore Wind Projects Updated On Wed, Jun 24th, 2020 by Saurenergy Iberdrola has agreed on a deal to take “majority acquisitions” in the future development of up to 9 GW of offshore wind energy projects in Sweden. Iberdrola has agreed on a deal to take “majority acquisitions” in the projects with the renewables company Svea Vind Offshore AB (SVO) for the future development of up to […] Read more
Adani After More Thermal Capacity, Acquires 49% Stake in OPGC Updated On Wed, Jun 24th, 2020 by Saurenergy Adani has picked up a minority stake in Odisha Power Generation Corporation (OPGC) – a thermal power generating company owned by the Government of Odisha. Fresh from its monumental win in the manufacturing linked solar power tender issued by the Solar Energy Corporation of India (SECI), the Adani Group has picked up a minority (49 […] Read more
Amazon Announces $2 Bn Fund to Support Sustainable Technologies and Services Updated On Wed, Jun 24th, 2020 by Saurenergy Amazon has announced a new Climate Pledge Fund to support the development of sustainable technologies and services with an initial USD 2 billion in funding Global e-commerce major — Amazon has announced a new Climate Pledge Fund to support the development of sustainable technologies and services that will enable Amazon and other companies to meet […] Read more
Siemens Gamesa to Supply Tailor-Made Turbines for 53 MW Wind Farm in Germany Updated On Tue, Jun 23rd, 2020 by Saurenergy Spanish wind turbine manufacturing giant Siemens Gamesa will supply its tailor-made solutions in order to provide optimal yield for a 52.8 MW wind energy farm in North Rhine-Westphalia state in Germany. Under the agreement, the wind turbine maker will supply 13 turbines with outputs ranging from 3.6 MW to 4.1 MW, various rotor diameters and […] Read more
CONSYST to Build State RE Data Center at Kerala State Electricity Board Updated On Tue, Jun 23rd, 2020 by Saurenergy Engineering and technology solutions provider CONSYST has secured a project from state-owned Kerala State Electricity Board Ltd (KSEB) to build the state renewable energy (RE) data center at Vydyuthi Bhavan in Thiruvananthapuram. Kochi-based CONSYST is a leading Industry 4.0 automation system integration company. Commenting on securing the project from KSEB, Jasir Sabri, Managing Director at […] Read more
200 MW Reading Wind Facility in Kansas Comes Online Updated On Tue, Jun 23rd, 2020 by Saurenergy Southern Power has announced that the 200 MW Reading Wind Facility in Osage and Lyon Counties, Kansas, is now operational. Southern Power, a leading US wholesale energy provider and a subsidiary of Southern Company, has announced that the 200-megawatt (MW) Reading Wind Facility in Osage and Lyon Counties, Kansas, is now operational. This project, Southern […] Read more
Rs 90,000 Crore Relief Package for Discoms a Non-Starter Updated On Tue, Jun 23rd, 2020 by Saurenergy The Rs 90,000 crore relief package for Discoms has been a non-starter as state governments are reluctant to extend guarantees on loans given to such Discoms The Union government’s ambitious Rs 90,000 crore relief package plan to inject liquidity for electricity distribution companies (Discoms) has been a non-starter as state governments are reluctant to extend […] Read more
Hyundai, Kia & LG Chem Looking to Invest in EV and EV Battery Startups Updated On Tue, Jun 23rd, 2020 by Saurenergy Hyundai, Kia and LG Chem are jointly sponsoring a global competition to identify up to 10 EV and battery startups for potential investment and collaboration With demand for EVs growing, Hyundai Motor Company, Kia Motors Corporation, and LG Chem are jointly sponsoring the “EV & Battery Challenge” (EVBC), a global competition to identify up to […] Read more
