Sharp Fall In BESS Tender Bids Signals Faster Energy Storage Additions In India Updated On Mon, Oct 21st, 2024 by Saurenergy In the past three months multiple BESS (Battery-based Energy Storage system) tender results have pointed to yet another mini-disruption in the fast-evolving Indian renewable energy sector. Energy storage targets for 2028 might be a lot closer in 2026 itself. The price drops have been attributed primarily to falling lithium cell costs, which have led to […] Read more
Gujarat Set To Build Its First Long Duration BESS Updated On Mon, Oct 21st, 2024 by Saurenergy Gujarat Urja Vikas Nigam Ltd (GUVNL), the state electricity regulatory body, has taken the first step to transition from a battery energy storage project to developing its first Long Duration Energy Storage System (LDES) in Gujarat. It has released a draft tender to select developers for an 800 MW (200 MW x 8 Hrs) battery […] Read more
Maharashtra: JSW Energy Signs Pact For 1200 MW Hybrid Projects Updated On Fri, Oct 18th, 2024 by Saurenergy JSW Renew Energy Six Limited and JSW Renew Energy Thirty Limited, stepdown subsidiaries of JSW Energy Limited have signed Power Purchase Agreements (“PPAs”) with Maharashtra State Electricity Distribution Company Ltd (“MSEDCL”) for STU-connected Solar-Wind Hybrid Capacity. The company has signed PPAs for two hybrid projects, each with a capacity of 600 MW, totalling 1,200 MW. […] Read more
As Chinese Wind Turbine Makers Call Truce On Price Wars, Could Solar Follow? Updated On Fri, Oct 18th, 2024 by Saurenergy In a clear indication of the extraordinary efforts being made in China to stem the losses or low profitability in its renewable energy manufacturing sectors, a conference on Wind Energy in Beijing saw 12 of the country’s leading wind turbine firms sign a truce. Four of the world’s top 5 wind turbine makers are Chinese, […] Read more
Grid Africa Secures R50 Mn Investment From Rifuwo Energy Updated On Thu, Oct 17th, 2024 by Saurenergy Grid Africa, a solar energy solutions company recently secured an equity investment of R50 million from Rifuwo Energy Partners. This funding can help to advance renewable energy projects across South Africa to brace itself from rise in energy costs and can help to support Africa advance its renewable energy projects. The recent application by Eskom […] Read more
In Key Judgement, SC Backs Independence for SERCs Updated On Thu, Oct 17th, 2024 by Saurenergy In a ruling that is likely to have far reaching implications, the Supreme Court of India has strengthened the independence of India’s State Electricity Regulatory Commissions (SERCs), placing them beyond the writ of the respective state governments in issuing orders. The ruling was made by a bench comprising the Chief Justic of India Dr DY […] Read more
JSW, Tata, Avaada, Juniper Winners Of 1,650 MW MSEDCL Hybrid Bid Updated On Wed, Oct 16th, 2024 by Saurenergy The Maharashtra State Electricity Distribution Company Limited (MSEDCL) has now announced the winners for its 1,650 MW wind-solar hybrid project tender. It awarded the project to four successful bidders, namely JSW Neo Energy (JSW Energy), Tata Power Renewable Energy, Avaada Energy, and Juniper Green Energy. With the conclusion of Maharashtra State Electricity Distribution Company Limited […] Read more
Waaree Energies Announces Price Band For Its IPO Updated On Wed, Oct 16th, 2024 by Saurenergy Indian solar module manufacturer Waaree Energies has announced the price band for its upcoming Initial Public Offering (IPO) during a press conference in Mumbai. The price range has been set between Rs 1,427 and Rs 1,503 per equity share. The company will offer a minimum lot of nine equity shares, with additional shares available in […] Read more
Govt Should Relax DCR Mandate Temporarily For PM Surya Ghar: IEEFA Updated On Wed, Oct 16th, 2024 by Saurenergy A latest report from the International Energy Economics and Financial Analysis (IEEFA) and JMK Research advocated for temporarily relaxing the mandate of Domestic Content Requirement (DCR) under PM Surya Ghar scheme. The suggestion was one of the key recommendations of the joint report which analysed the performance and challenges under PM Surya Ghar scheme. The […] Read more
