Repower Renewable to Build 495MW Floating Offshore Wind Plant in Italy Updated On Fri, Jan 14th, 2022 by Saurenergy Venice-based Repower Renewable S.p.A. plans to build a large-scale floating offshore wind farm in the Ionian Sea and connect it to Italy’s national grid. The wind farm is located southeast of the eastern coast of Calabria at a minimum distance of about 61.8 kilometres from Capo Rizzuto and 74.8 kilometres from Monasterace Marina. The project is […] Read more
Renewable PPA prices surge 7.8% in response to Europe’s deepening energy crisis Updated On Thu, Jan 13th, 2022 by Saurenergy As the European energy crisis deepens, renewable PPA prices continue to climb, rising by 7.8% quarter over quarter, unveiled today by LevelTen Energy’s Q4 2021 PPA Price Index. The Index series, created by LevelTen Energy, a leading provider of renewable transaction infrastructure, analyses thousands of wind and solar PPA pricing offers listed on the LevelTen Energy Marketplace […] Read more
ICRA Predicts 16 GW Capacity Addition For RE In FY23 Updated On Tue, Jan 11th, 2022 by Saurenergy The outlook for the capacity addition in the renewable energy (RE) sector remains strong with a large project pipeline of over 55 GW and the highly competitive tariffs offered by these projects. The commitment to climate change goals announced by the Prime Minister at the recent COP26 summit, including increasing the non-fossil power capacity to […] Read more
FM Assures Manufacturer Associations Of BCD As Promised, From April 1, 2022 Updated On Fri, Jan 7th, 2022 by Saurenergy Finance minister Nirmala Sitharaman has assured delegation of domestic solar manufacturers that the Basic Customs Duty (BCD) that was announced on modules and cells almost 9 months back, will be implemented as scheduled, from April 1, 2022. This is basis a release shared by NIMMA, or the North India Module Manufacturers Association, which was among […] Read more
SECI Signs off 2021 With 1785 MW Tender Award At Rs 2.17/unit Updated On Sat, Dec 25th, 2021 by Saurenergy In a late announcement yesterday, the Solar Energy Corporation of India announced the bid winners of its 1785 MW Solar tender (Tranche IV) for Rajasthan, whose bid deadline was May 21, with a final winning price of Rs 2.17 /unit. The final winners list has a mix of PSU, private and foreign forms in it, […] Read more
Curbs On Banking Of Power Risks Hurting Renewable Producers Updated On Wed, Dec 22nd, 2021 by Saurenergy A briefing note by the Institute for Energy Economics and Financial Analysis (IEEFA) and JMK Research asserts that new restrictions on banking of power will inhibit the growth of the rooftop and open-access solar market. This would have a wide ranging impact on India’s national target of 500 gigawatts (GW) of installed renewable capacity by […] Read more
Not Having A Central Net Metering And Subsidy Policy Is A Challenge Updated On Tue, Dec 21st, 2021 by Saurenergy Corrit Energy and Infra, a Gurugram, based solar EPC company provides engineering, procurement, and construction services in and around Delhi- NCR is now gearing up for the next phase of growth. In an emailed response to Saur Energy, Corrit’s CEO and Director, Mayur Mishra, sheds further light on the solar energy industry, key requirements and […] Read more
UP is at a Crossroads in its Electricity Transition: IEEFA-Ember Report Updated On Mon, Dec 20th, 2021 by Saurenergy Uttar Pradesh (UP) has fallen behind other power-intensive Indian states in terms of delivering on renewable capacity targets due to several delays, inducing anxiety in electricity developers. A new joint report by the Institute for Energy Economics and Financial Analysis (IEEFA) and energy think tank Ember says urgent action is needed to get back on […] Read more
Acquisitions in India’s RE sector Up Over 300% in Value terms in 2021 Updated On Wed, Dec 15th, 2021 by Saurenergy The total value of acquisitions in India’s renewable energy sector surged by more than 300% to $ 6 billion in the first ten months of 2021 (till October) from less than $1.5 billion reported in 2020, according to an independent study released today by the CEEW Centre for Energy Finance (CEEW-CEF) and the International Energy […] Read more
