SJVN Wins Bihar’s 200 MW Solar Project Auction Worth Rs. 1,000 Crore Updated On Mon, Aug 16th, 2021 by Saurenergy A joint venture of Govt. of India & Govt. of Himachal Pradesh, SJVN on Saturday announced winning the auction for 200 MW of Grid-Connected Solar Project of Rs, 1,000 crores in Bihar. According to SJCN’s Chairman Mr. Nand Lal Sharma, SJVN Ltd got the project through Open Competitive Tariff Bidding Process for quoted capacity of […] Read more
CERC Permits SolarArise Subsidiary to get GST Compensation Updated On Sat, Aug 14th, 2021 by Saurenergy The Central Electricity Regulatory Commission (CERC) has ruled in favour of Talettutayi Solar Projects One Pvt. Limited (TSPPL), a subsidiary of Gurugram-based SolarArise, directing Solar Energy Corporation of India Limited (SECI) to pay the solar developer compensation for the increased cost of a project, excluding carrying cost, due to the implementation of the GST laws […] Read more
APTEL Swayed By Solar Developer’s Appeal Of Financial Distress Updated On Fri, Aug 13th, 2021 by Saurenergy The Appellate Tribunal for Electricity (APTEL) has issued a new order in favour of Sahasradhara Energy Private Limited, allowing the interim financial relief sought by the developer that the Uttar Pradesh New and Renewable Energy Development Agency (UPNREDA), Uttar Pradesh Electricity Regulatory Commission (UPERC), and Uttar Pradesh Power Corporation Ltd (UPPCL) had aggressively opposed. In 2015, […] Read more
Domestic Solar Manufacturers Collateral Damage In Tussle Between Govt And SC Updated On Wed, Aug 11th, 2021 by Saurenergy The ongoing tussle between the union government and the Supreme Court, where the apex court has repeatedly expressed its displeasure at the slow pace of filling of vacancies in courts, and lately in tribunals too, has come back to hurt solar manufacturers. Of course, for the sector as a whole, this is not the first […] Read more
IPO Time For India Solar Equipment Manufacturers In 2021 Updated On Mon, Aug 9th, 2021 by Saurenergy After a long wait, initial reports are finally coming out regarding plans by major Indian solar equipment manufacturers planning Initial Public Offers. We refer to a long wait simply because the markets have been buoyant for a while now, and have duly been followed by an IPO wave the likes of which has rarely been […] Read more
Tata Power Q1 Results Strong, Key Highlights Updated On Mon, Aug 9th, 2021 by Saurenergy Tata Power announced its Q1 results on Friday. Consolidated net profit jumped nearly 74 per cent to ₹ 465.69 crore in the June 2021 quarter, as compared to ₹ 268.10 crore in the corresponding quarter of the last financial year. Total income during April-June 2021 increased to ₹10,145.89 crore, compared with ₹ 6,540.42 crore in […] Read more
SECI, Renew Power Sign PPA For 400 MW RTC Tender Won In 2020 Updated On Mon, Aug 9th, 2021 by Saurenergy ReNew Power has announced the signing of a Power Purchase Agreement (PPA) for Round-The-Clock (RTC) electricity supply, the first-of-its-kind in India. The PPA was signed with the Solar Energy Corporation of India (SECI) ReNew had won the bid to supply Round-The-Clock power in 2020 through an auction conducted by SECI. As per the contract, ReNew […] Read more
Solar PV inverters To Continue Under Self Certification Regime till Dec 31, 2021 Updated On Fri, Aug 6th, 2021 by Saurenergy The Ministry of New and Renewable Energy (MNRE) has issued a notification allowing self certification of Solar Photovoltaic Inverters (SPV) from June 30, 2021, to December 31, 2021. The notification was issued on August 4. The notification does add the condition that the manufacturers doing so must have valid International Electrotechnical Commission certificates and test […] Read more
Govt. Confirms Solar Imports Down To $571 million in 2020-21 Updated On Fri, Aug 6th, 2021 by Saurenergy Yesterday, the Union Power and New and Renewable Energy Minister Raj Kumar Singh while addressing the Lok Sabha announced that India’s solar cells and modules imports fell to $571.65 million in the last financial year (FY20-21) from $2.16 billion and $1.68 billion in FY18-19 and FY19-20, respectively. Till July end, India had imposed tariff and […] Read more
