Husk Power Signs MoU With Nigeria To Deploy 250MW Of DRE Solutions Updated On Thu, May 23rd, 2024 by Saurenergy In a Memorandum of Understanding (MoU) signed today, the Rural Electrification Agency (REA) of Nigeria and Husk Power Systems (Husk) agreed on a partnership to deploy up to 250MW of decentralized renewable energy (DRE) projects in support of the Federal Government’s energy access, energy transition and energy security targets. The partnership will focus on a […] Read more
Exempt 100% Of ISTS Charges For RE Power Till 2030: IEEFA Updated On Thu, May 23rd, 2024 by Saurenergy The Institute for Energy Economics and Financial Analysis (IEEFA) and JMK Research and Analytics have prepared and shared a list of key recommendations that the new Union government post-elections should take up in the first 100-days to reach the renewable energy targets up to 2030. As per the Indian government’s own target it wants to […] Read more
Maharashtra Plans Allowing Virtual Net-Metering To Boost RTS Updated On Thu, May 23rd, 2024 by Saurenergy In a bid to promote rooftop solar installations, the Maharashtra Electricity Regulatory Commission (MERC) has proposed to allow virtual net-metering for residential consumers. The move is meant to empower the urban residents living in multistoried buildings to get the benefits of reducing the monthly electricity bills by adopting solar power through virtual net-meters. The same […] Read more
Delicensing Power Distribution Can Boost RE Adoption: ORF Report Updated On Wed, May 22nd, 2024 by Saurenergy A recent report by the Observer and Research Foundation (ORF) said that the delicensing of power distribution could boost the adoption of renewable energy. The report widely analyzed the implications of adoption of delicensing of power distribution in the country. The researched argued that with more private sector entry with their green pricing models are […] Read more
Waaree Renewables Reports 341% Surge In PAT In Q4, 167% Annually Updated On Sat, May 11th, 2024 by Saurenergy Waaree Renewable Technologies Limited, the solar EPC arm of the Waaree Group has published its financial results for the latest quarter (Q4). It also announced its annual financial results for FY24. As per the details shared by the company in its self-disclosure before the Bombay Stock Exchange (BSE), the company continued its growth in its […] Read more
Google’s Nest Renew & OhmConnect To Form Virtual Power Plant In US Updated On Fri, May 10th, 2024 by Saurenergy Renew Home, North America’s residential virtual power plant (VPP), has launched out of the combination of Google Nest Renew service and OhmConnect in the US. The company has received a $100M investment from majority owner Sidewalk Infrastructure Partners (SIP). According to a statement released by Google Renew Home, the company says “It will transform residential […] Read more
Pakistan A Step Closer To 1.3 GW Renewable Project Updated On Thu, May 9th, 2024 by Saurenergy Pakistan, where despite a horrendous power grid situation and ideal conditions for solar, renewable energy beyond Hydro has simply not been allowed to take root, might finally be moving towards a GW scale renewable project. The country’s grid has been paralysed with issues linked to its ‘circular debt’, leading to extended blackouts, and a stealthy […] Read more
Tata Power Results In Line With Expectations, Q4 Profits Up 18% Updated On Wed, May 8th, 2024 by Saurenergy Tata Power has announced its Q4 results. During the year, the firm owned its highest-ever PAT of ₹ 4,280 crore and Revenue of ₹ 61,542 crore for FY24 Q4 FY24 PAT up 18% to ₹ 1,109 crore, making it the 18th consecutive quarter of PAT growth During the quarter, the company’s renewables portfolio crossed the […] Read more
Uttarakhand Proposes Revised RPO Compliance Norms With Timelines Updated On Mon, May 6th, 2024 by Saurenergy The Uttarakhand Electricity Regulatory Commission (UERC) has now come up with its draft regulations relating to Renewable Purchase Obligations (RPO). The proposed draft regulation aims to amend the existing UERC (Tariff and Other Terms for Supply of Electricity from Renewable Energy Sources and non-fossil-based Co-generating Stations) Regulations, 2023. The State Electricity Commission proposed the new […] Read more
