Schneider Electric, ENGIE Enter Tax Credit Transfer Agreement Under IRA Updated On Thu, Feb 22nd, 2024 by Saurenergy Schneider Electric, a digital energy and automation manager company recently announced its investment in a portfolio of Texas-based clean energy projects. Through this, it utilized a Tax Credit Transfer Agreement (TCTA) for solar and battery storage systems developed, built, and operated by ENGIE North America (ENGIE). The contracted projects are expected to come online throughout […] Read more
Roofsol Energy Commissions 27.2 MWp Utility-Scale Project In Tamil Nadu Updated On Wed, Feb 21st, 2024 by Saurenergy Mumbai-based company for ground mount and rooftop solar solutions for commercial & industrial clients Roofsol Energy Pvt Ltd announced the commencement of a 27.2 MWp utility-scale project in Tamil Nadu. In a post on Linkedin, the company said that it has now commissioned a 27.2 MWp utility-scale project which is their first Utility-scale project with […] Read more
GERC Revises Tariff To Rs 2.57 For 700 MW Project Between SECI, GUVNL Updated On Wed, Feb 21st, 2024 by Saurenergy Gujarat Electricity Regulation Commission (GERC) recently approved the power usage agreement signed by Gujarat Urja Vikas Nigam Limited (GUVNL) with Solar Energy Corporation of India Limited (SECIL). The agreement was undertaken for procurement of 700 MW power from their solar PV power plant that is to be set up under Ministry of New and Renewable […] Read more
Sembcorp RE Acquisition In China, India Rose By 42% YoY In 2023 Updated On Tue, Feb 20th, 2024 by Saurenergy Singapore-based Sembcorp Industries (Sembcorp) recently posted a strong performance for the year of 2023 (FY2023). They recently announced that they made a turnover of S$7.0 billion compared to S$7.8 billion in FY2022. Sembcorp said, “The group net profit before exceptional items (EI) grew 38% year-on-year to S$1.0 billion from S$739 million in FY2022, with higher […] Read more
Albania Commences Its First Utility-Scale PV Plant Using Sineng Inverters Updated On Mon, Feb 19th, 2024 by Saurenergy Sineng a renewable energy product supplier recently connected the 140MW Karavasta solar plant, located in the Fier region of southern Albania, to the grid. The project delivers electricity to the transmission system and this project claims to be one of large photovoltaic projects in Albania and the Western Balkans. The project was awarded to Voltalia […] Read more
Singapore-based Sembcorp Industries Acquires 228 MW Wind Assets In India Updated On Mon, Feb 19th, 2024 by Saurenergy Singapore-based renewable energy company Sembcorp Industries (Sembcorp) has announced that it has, through its wholly-owned subsidiary Green Infra Wind Energy Limited completed the acquisition of 100% of the share capital in two special purpose vehicles (SPVs) of Leap Green Energy Private Limited. The SPVs own 228MW of operational wind assets in Madhya Pradesh, Maharashtra, and […] Read more
Feb 9 ALMM Order Withdrawn By MNRE, Industry Awaits Clarity Updated On Thu, Feb 15th, 2024 by Saurenergy Policy flip flops, for so long a bugbear for the renewable sector, reared its head again as the Feb 9 ALMM order for Approved List of Models and Manufacturers (ALMM) was withdrawn in an evening announcement by the ministry today, i.e., Feb 14. Coming less than a week after the announcement that exempted open access […] Read more
Waaree Renewable Technologies Expects A Likely Rise Of Orders From PSUs Updated On Thu, Feb 15th, 2024 by Saurenergy Waaree Group’s EPC arm, Waaree Renewable Technologies Limited, is now anticipating a rise in opportunities for solar developers in India in the coming days. This is likely to see a transition of the order books of the developers, the top management opined in a recent investors call. Dilip Panjwani, Chief Financial Officer (CFO) of Waaree […] Read more
JSW Energy Crosses 10 GW Locked-In Capacity With 500 MW LOA From SECI Updated On Tue, Feb 13th, 2024 by Saurenergy JSW Neo Energy Limited or JSW Neo, a wholly owned subsidiary of JSW Energy Limited, recently announced that it received a Letter of Award (LoA) for 500 MW wind capacity from Solar Energy Corporation of India Limited (SECI) JSW received this award against tariff based competitive bid invited for setting up of 1,350 MW ISTS-connected […] Read more
