Waaree Energies Appoints Amit Paithankar As Its New CEO Updated On Tue, May 7th, 2024 by Saurenergy Waaree Energies Ltd has announced the appointment of Amit Paithankar as its new Chief Executive Officer (CEO). The renewable firm in a media statement today said that with his career spanning over two decades, Paithankar brings significant experience in driving growth, innovation, and sustainability in his practices, “In his new role as Chief Executive Officer […] Read more
Juniper, SJVN Ink PPA To Setup 1GW RE Projects Across Two States Updated On Tue, May 7th, 2024 by Saurenergy Juniper Green Energy today announced a Power Purchase Agreement (PPA) with SJVN, securing a 320 MW firm and dispatchable renewable energy contract. This agreement sets the stage for the development of approximately 1 GW of capacity across two states– Gujarat and Rajasthan. The company said, “This 25-year PPA, secured at a tariff of ₹4.38 with […] Read more
Sri Lanka Inks 20-Year Wind Power Deal With Adani Green Energy Updated On Tue, May 7th, 2024 by Saurenergy Sri Lanka has signed a deal with Adani Green Energy Limited (AGEL) for a power purchase agreement for 20 years, the country’s cabinet statement read. The company will be paid 8.26 cents per kilowatt-hours (kWh) as per the agreement for the wind energy projects it has developed, the cabinet statement said. The Sri Lankan Cabinet […] Read more
Clean Energy Investments Reach 200 Billion In 2023, Says IEA Report Updated On Tue, May 7th, 2024 by Saurenergy The International Energy Agency (IEA) in its recent report found that renewable energy investments reached approximately USD 200 billion in 2023. The renewable energy investment reportedly witnessed a 70% increase compared to 2022. Among the renewable energy investments, sectors such as clean technology, solar PV, and battery manufacturing received more than double the investment, reaching around […] Read more
responsAbility Plans To Invest USD 35mn In AMPIN Energy Updated On Tue, May 7th, 2024 by Saurenergy responsAbility plans to invest up to USD 35 million in AMPIN Energy Transition Private Limited (AMPIN) on behalf of its investors. This is part of its broader USD 500 million climate investment strategy aimed at actively reducing CO2 emissions in Asia. New Delhi-based AMPIN is an Indian renewable energy transition company with a balanced portfolio […] 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
India Issued 69GW+ Renewable Tenders In FY24, Says IEEFA Report Updated On Mon, May 6th, 2024 by Saurenergy The Institute of Energy Economics and Financial Analysis (IEEFA) in its latest report indicated a record 69+ Gigawatt (GW) of renewable energy tenders in India in 2023-24. This is against the Indian government’s own annual target of 50 GW. The global energy think tank attributed this to the strong push from the Union government at […] Read more
CERC Terms SC Order On GIB As ‘Change Of Law’, Awards Compensation To Azure Updated On Mon, May 6th, 2024 by Saurenergy The Central Electricity Regulatory Commission (CERC) in a significant judgment termed the 2021 Supreme Court order on the Great Indian Bustards (GIB) as a ‘Change of Law’ event. It also granted compensation to Azure Power Maple Private Limited on account of its alleged additional expenditures. The case came to light after the petitioner Azure Power […] Read more
‘100% European Materials’ Promised At 250 MW Bulgarian Module Plant Updated On Mon, May 6th, 2024 by Saurenergy Europe’s ongoing efforts to preserve solar manufacturing within the continent got a small boost with the installation of a 250 MW automated production plant in Bulgaria. Set up by Italian solar manufacturing machinery producer Ecoprogetti, the plant is owned by Bulgarian company Solar Panel Eood and will produce solar modules in an automated process with […] Read more
