Fortum bags 100 MW solar power park project in a reverse auction in Karnataka Updated On Wed, Apr 13th, 2016 by Saurenergy Finnish utility firm Fortum has announced that it won bid for 100 MW solar power park in the reverse auction. The reverse auction was conducted by NTPC on 12th April 2016 for the selection of 500 megawatt (MW) grid connected solar PV projects under Batch II Tranche I of JNNSM phase II. The solar power […] Read more
Solargise to invest Rs.900 crores to set up 500 MW module and cell manufacturing facility in Bengaluru Updated On Fri, Mar 25th, 2016 by Saurenergy Solargise India has signed MOU and EOI with government of Karnataka to invest over Rs. 3900 crores in the state and announced the commercial launch of operations has signed MOU and EOI with government of Karnataka to invest over Rs. 3900 crores in the state and announced the commercial launch of operations. The company said […] Read more
SunEdison finds difficult to get buyers for its projects in India Updated On Wed, Mar 23rd, 2016 by Saurenergy US-based renewable energy company SunEdison is finding it difficult to attract buyers for its projects in India. The company failed to sell its 1,480 megawatt (Mw) Indian portfolio to Macquarie Capital, which may affect the valuation of the projects that is estimated by the market at Rs 7,600 crore. According to Business Standard Adani Power […] Read more
Strategies Launched for Acquiring Solar Energy Earmarks – MNRE Updated On Fri, Dec 18th, 2015 by Saurenergy India is holding the biggest renewable capacity extension program on the planet. The Centre has taken up several strategies for acquiring Solar Energy earmarks; targets of 20,000 MW of solar power proposed to be introduced in the nation 2022. Off-Grid Housetop: Programed to install 40GW solar rooftop programs where Grid is now exist. 15% Government […] Read more
APTEL Permits Adani Green To Claim Carry Costs Based On Change In Law Interpretation Updated On Thu, Sep 22nd, 2022 by Saurenergy After facing rejections at the Central Electricity Regulatory Commission (CERC) and State Electricity Regulatory Commission’s (SERCs), Adani Green Energy had something to celebrate early this week when the Appellate Tribunal For Electricity (APTEL) permitted their plea for allowing carrying cost pass-through under the “Change in Law” definition of most PPAs. The Tribunal ordered CERC to […] Read more
APTEL Asks KERC to Decide Compensation owed to Fortum by DISCOMs Updated On Wed, May 26th, 2021 by Saurenergy The Appellate Tribunal for Electricity (APTEL) recently gave a judgement in favour of Fortum Solar India Private Limited after the solar power developer petitioned it, seeking compensation from various DISCOMs. The full judgement can be read here. The tribunal not only directed the Karnataka Electricity Regulatory Commission (KERC) to determine the incremental tariff payable to Fortum, […] Read more
KERC Draft Aims To Achieve 1.5% Distributed RE Mandate Till 25 Updated On Tue, Nov 12th, 2024 by Saurenergy The Karnataka Electricity Regulatory Commission (KERC) has released a draft proposal aimed at encouraging the expedited procurement of renewable energy. It has invited comments from the stakeholders concerned on the proposal until November 27, 2024. Currently, the state has 8930.10 MW of solar, 6564.36 MW of wind energy, and 22378.34 MW of total renewable energy […] Read more
Chief Manager- Contracts Updated On Tue, Nov 12th, 2024 by Saurenergy We are seeking an experienced Contract and Commercial Manager to join our team at Serentica, a leading renewable power developer. The successful candidate will have a strong background in contracts and commercial management, with expertise in wind contracting, strategic commercial planning, and contract negotiation. Responsibilities:- The role will be responsible for managing the contract lifecycle, […] Read more
Powerica Wins 50 MW Wind Energy Project From SECI Updated On Tue, Oct 29th, 2024 by Saurenergy The Solar Energy Corporation of India (SECI) recently announced power generation company Powerica as the winner of its 50 MW auction out of the total 500 MW wind project. The company secured the project at a tariff rate of ₹3.81 per unit. The initial tender was intended for a 500 MW project. However, SECI has […] Read more
