MoP New Rule Aims To Bring Transparency In Electricity Distribution Updated On Tue, Oct 29th, 2024 by Saurenergy The Ministry of Power (MoP) recently introduced reforms to electricity and distribution regulations aimed at enhancing system transparency through the new Electricity Distribution (Accounts and Additional Disclosure) Rules, 2024. MoP through its latest provision aims to bring claims or sums recovered through tariff order as recoverable, thereby to be included as revenue in the financial […] 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
PPA of 15 years Among Key Changes Proposed in TBCB Norms By India’s Power Ministry Updated On Tue, Oct 29th, 2024 by Saurenergy In Draft guidelines for Tariff based competitive bidding involving solar, wind, Hybrid, FDRE and Energy storage projects, India’s Ministry of Power has come out with a slew of proposed changes. The draft document has been released for feedback and suggestions, with a last day of submissions being 15 days from publishing of the guidelines, ie, […] Read more
Public Capital and Solar Firms- Made For Each Other? Updated On Mon, Oct 28th, 2024 by Saurenergy What a difference four years can make! It was just over four years ago in September 2020 when SaurEnergy wrote about how access to capital markets was a glaring disadvantage for India’s aspiring solar firms vis-a-vis China. Highlighting the contrasting performances of the few listed firms then, namely, Adani Green (Developer), Sterling and Wilson Solar […] Read more
Hybrid Inverter Makers Expect Good Days Ahead, Switches To Action Mode Updated On Mon, Oct 28th, 2024 by Saurenergy After the Ministry of New and Renewable Energy (MNRE) clarified the eligibility of hybrid inverters under the PM Surya Ghar scheme, solar inverter manufacturers in India are anticipating increased demand within the residential rooftop segment. Hybrid inverters, traditionally used in remote or weak-grid areas, allow consumers to maximize on-site solar power utilization. By utilizing energy […] Read more
CERC Amends Indian Electricity Grid Code Rules Updated On Fri, Oct 25th, 2024 by Saurenergy The Central Electricity Regulatory Commission (CERC) recently issued amendments to the Indian Electricity Grid Code, originally released in 2023. These adjustments address various aspects of grid operation, including timeframes for power injection, scheduling of generation, compensation mechanisms, and revisions in scheduling flexibility. One amendment specifies limits on the injection of infirm power, or power generated […] Read more
Q3 Results: GE Vernova Falls Short On Offshore Wind, Hits Onshore Targets Updated On Thu, Oct 24th, 2024 by Saurenergy GE Vernova Inc., a US-based wind energy company, secured $1.7 billion in orders in the third quarter ending September 30, 2024. The company reported a 19% organic decrease, attributing the drop to lower Onshore Wind equipment orders outside of North America. GE Vernova generated $2.9 billion in revenue, down 1% organically. Losses increased due to […] Read more
US Announces Tax Credit Support For Ingot & Wafer Production Updated On Thu, Oct 24th, 2024 by Saurenergy In order to boost the domestic production of Ingots and Wafers in the United States (US), the US government has now planned to support the solar companies to invest in solar and wafer production. To implement the hand-holding support, the US treasury department recently notified the inclusion of solar ingot and wafer production facilities and […] Read more
EverGreen, Datta Infra & Others Bag NTPC’s 1.2GW Hybrid Tender Updated On Thu, Oct 24th, 2024 by Saurenergy NTPC Limited has announced the results of its 1200 MW wind-solar hybrid tender. The power giant awarded contracts to four renewable project developers: Sembcorp Green Infra, Adani Renewable Energy, Green Prairie Energy III (EverGreen), Adyant Ensersol (Datta Infra), and ReNew Solar. As per the auction results, Sembcorp, Adani Renewable, and ReNew Power secured projects at […] Read more
