APTEL Orders Rs 8.40/unit Payment to Karnataka Developer, Reversing KERC Order Updated On Wed, Aug 4th, 2021 by Saurenergy In a major win for developer Clearsky Solar Private Limited (CSPL), the Appellate Tribunal for Electricity (APTEL) has ruled in favour of the solar developer and directed Gulbarga Electricity Supply Company Limited (GESCOM) to pay it compensation on account of delays in the commercial operation of a solar project in Karnataka. The present ruling came […] Read more
SECI Finally Finds The First Buyer for Manufacturing Linked Tender- GRIDCO Updated On Thu, Jul 29th, 2021 by Saurenergy Late last week, SECI (Solar Energy Corporation of India) announced the first power supply agreement (PSA) in connection with its manufacturing-linked solar tenders, floated in November 2019. These were won by Adani Green and Azure Power finally. Signed in Bhubaneshwar between SECI and GRIDCO Limited (or Grid Cooperation of Odisha), a subsidiary of Odisha Electricity […] Read more
Power Minister Highlights Steps Taken to Push 4000 MW Rooftop By 2022 Updated On Wed, Jul 28th, 2021 by Saurenergy Responding to a query in the Rajya Sabha, the Ministry of New and Renewable Energy is implementing Rooftop Solar Programme Phase II wherein grid connected RTS capacity aggregating 4000 MW by 2022 is targeted for installation in residential sector with provision of subsidy. For individual households, subsidy upto 40% of the benchmark cost is provided […] Read more
Net Metering for Systems Up to 500 kW Proposed In Draft Karnataka Regulations Updated On Tue, Jul 27th, 2021 by Saurenergy In what should be a relief for solar developers, the Karnataka Electricity Regulatory Commission (KERC) has brought up a proposal that revises the limits for net metering to 500 kW from the earlier proposed 10 kW. In the new proposal, the KERC had suggested generic tariffs of Rs. 3.82/kWh for residential rooftop solar systems between […] Read more
Italian Oil Major Eni Acquires Big RE Portfolio in France and Spain Updated On Tue, Jul 27th, 2021 by Saurenergy Italian oil and gas company Eni has acquired renewable energy portfolios in Spain and France through two separate deals: the acquisition of 9 RE projects totalling 1.2 GW capacity from Azora Capital in Spain; and the acquisition of the Dhamma Energy Group, whose solar projects at various stages of development in France and Spain have a cumulative capacity […] Read more
SECI Gets Bids Over 10 GW for Rajasthan 1785 MW Tender Updated On Thu, Jul 22nd, 2021 by Saurenergy Continuing the strong trend observed across all significant tenders since the last quarter, a source at SECI confirms that they have seen a very strong response to the tender for 1785 MW solar projects in Rajasthan. Without confirming the final list, the source tells us that bids have been received for almost 10 GW, and […] Read more
Larsen & Toubro Construction Arm Secures Orders in India & Overseas Updated On Tue, Jul 20th, 2021 by Saurenergy Indian multinational EPC contractor Larsen & Toubro’s construction arm has won a slew of orders in India and abroad for various businesses. It has been awarded significant power transmission and distribution contracts in Ladakh and Ayodhya, as well as overseas projects in Saudi Arabia, Africa and Thailand. The company’s power transmission & distribution business has […] Read more
MYSUN Partners with TATA Cleantech Capital to raise Rs. 15 Crore Updated On Tue, Jul 20th, 2021 by Saurenergy India’s rooftop solutions company, MYSUN, has partnered with TATA Cleantech Capital Ltd (TCCL), a joint venture between Tata Capital Limited and a US company International Finance Corporation, to raise Rs 15 crore in debt funding for its solar portfolio expansion. The company had recently launched its solar asset vehicle MYSUN+ to develop solar projects under […] Read more
Denmark Leads in Share of RE Production, India Yet To Break Into Top 15 Updated On Mon, Jul 19th, 2021 by Saurenergy Wind and solar produced 2,435 TWh of electricity in 2020, providing almost a tenth of the world’s electricity. While European countries like Denmark, Ireland, and Germany are leading among the world’s top 15 producers, India is not part of his group. Even though India’s renewable energy capacity is being added to each year, with the […] Read more
