BCD Will Raise Solar Purchase Cost by Rs 900 Cr pa for Off-takers: Ind-Ra Updated On Wed, Mar 24th, 2021 by Saurenergy The imposition of BCD will lead to an increase in solar tariffs which will increase power purchase costs for solar off-takers by Rs 900 crore annually India Ratings and Research (Ind-Ra) has come out and said that the imposition of basic customs duty (BCD) on solar cells and modules with effect from 1 April 2022 […] Read more
Adani Green Energy to Acquire 75 MW Solar Assets of Sterling and Wilson for Rs 446 Cr Updated On Wed, Mar 24th, 2021 by Saurenergy Adani Green Energy has signed an agreement to acquire 100 percent stake in two SPVs holding 75 MW operating solar assets of Sterling & Wilson Adani Green Energy Limited (AGEL), one of the largest renewable energy companies in India, has announced that it has signed a share purchase agreement for the acquisition of a 100 […] Read more
POWERGRID Takes Remaining 74% Stake in Jaypee Powergrid Limited JV Updated On Tue, Mar 23rd, 2021 by Saurenergy POWERGRID has signed an agreement with JPVL to acquire 74% stake in Jaypee Powergrid Limited-JV in which POWERGRID already holds 26% equity. Power Grid Corporation of India Limited (POWERGRID), a Maharatna PSE under the Ministry of Power, Government of India has announced that it has signed a Share Purchase Agreement with Jaiprakash Power Ventures Limited […] Read more
BHEL Secures 1st Overseas Contract for Grid-Tied Solar Plant in Mauritius Updated On Tue, Mar 23rd, 2021 by Saurenergy BHEL has secured its maiden overseas turnkey contract for a grid-tied 8 MW solar power plant to be developed in Mauritius on an EPC basis. Bharat Heavy Electricals Limited (BHEL) has announced that it has achieved another milestone in international business by securing its maiden overseas turnkey contract for a grid-connected 8 MW ac solar […] Read more
Winning Bids at Rs 2.20/kWh in First Solar Auction After BCD Announcements Updated On Tue, Mar 23rd, 2021 by Saurenergy The very first solar auction after the Basic Customs Duty announcement on cells & modules has fetched a winning bid of Rs 2.20/kWh in Gujarat. The very first solar auction conducted after the announcement made by the Ministry of New and Renewable Energy (MNRE) of the Basic Customs Duty on Solar Cells and Modules from […] Read more
Adani to Develop Green Hydrogen Projects in India, Partners With Maire Tecnimont Updated On Tue, Mar 23rd, 2021 by Saurenergy Maire Tecnimont and Adani Enterprises will explore the development of industrial projects producing chemicals, ammonia and hydrogen in India Italian conglomerate Maire Tecnimont has announced that it has, through its subsidiaries NextChem, Stamicarbon and MET Development (MET DEV), signed a Memorandum of Understanding (MoU) with Adani Enterprises to explore the development of industrial projects using […] Read more
South Africa Planning RE Investments & 3 Power Ships to Tackle Power Crisis Updated On Mon, Mar 22nd, 2021 by Saurenergy South Africa has announced its new plans to ease the severe electricity crisis in the country, including three offshore power ships, greater use of solar and wind energy, and other renewable energy (RE) investments. Minister of Mineral Resources and Energy Gwede Mantashe, had recently announced eight chosen bidders in the government’s emergency risk mitigation program, […] Read more
German Utility EnBW Building two Subsidy-Free Solar Projects Worth 300 MW Updated On Mon, Mar 22nd, 2021 by Saurenergy German Utility EnBW is building two more subsidy-free large-scale solar projects in Brandenburg with a capacity of 150 MW each. German Utility Energie Baden-Württemberg i.e. EnBW has announced that it is building two more subsidy-free large-scale solar photovoltaic projects in Brandenburg with a capacity of 150 megawatts (MW) each. These new projects follow on from […] Read more
MNRE Urgently Needs Strategic Plan to Achieve 100 GW Solar Target: SCOE Updated On Mon, Mar 22nd, 2021 by Saurenergy The SCOE has recommended MNRE to speedily work out a strategic plan to achieve the target of 100 GW solar energy within the deadline of 2022 The Standing Committee on Energy (SCOE) recently presented its 17th report on ‘Action Plan for the achievement of 175 Gigawatt (GW) Renewable Energy Target’, relating to the Ministry of […] Read more
