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
Record-Breaking 1.7 Million EVs Sold Globally In Sept: Report Updated On Tue, Oct 15th, 2024 by Saurenergy A record-breaking 1.7 million EVs were sold globally over the month of September, announced research-house Rho Motion, today. September overtook the previous record set in December 2023 by 150,000. The Chinese market beat their previous record set in August by 90,000 vehicles, to reach 1.1 million units sold in September 2024. Overall, 11.5 million EVs […] Read more
Karnataka Plans Rooftop Wind Aero Turbines, Issues Draft Rules Updated On Tue, Oct 15th, 2024 by Saurenergy The Karnataka Electricity Regulatory Commission (KERC) has now issued draft norms to introduce grid-connected rooftop aero turbines in the state. The draft norms put forth by the state power regulator said that these systems could be installed onto the rooftops with or without rooftop solar systems. The draft notification aims to promote co-generation of electricity […] Read more
TOYO Announces Plans For 2 GW Solar Cell Manufacturing Facility Updated On Tue, Oct 15th, 2024 by Saurenergy NASDAQ-listed solar company TOYO Co. Ltd has announced its plan to establish a solar cell manufacturing facility with an expected annual capacity of 2 Gigawatts (GW). The company has signed a lease agreement for the new facility that is strategically located in Hawassa, Ethiopia, taking advantage of the country’s favorable investment policies, tariff status, and […] Read more
PGCIL Wins Interstate Transmission Project in Rajasthan Updated On Fri, Oct 11th, 2024 by Saurenergy Power Grid Corporation of India Limited (PGCIL) has now emerged as the successful bidder for a major Inter State Transmission Project in Rajasthan. The project will be under Tariff Based Competitive Bidding (TBCB) process with an objective to finalize the transmission system for evacuation of power from the Rajasthan Renewable Energy Zone (REZ) Phase-IV. This […] Read more
Karnataka Amends RPO Norms To Align With Centre’s Trajectory Updated On Thu, Oct 10th, 2024 by Saurenergy The Karnataka Electricity Regulatory Commission (KERC), in its latest order, has proposed amending its state regulation on Renewable Purchase Obligations (RPOs). This proposal arises at a time when the RPO trajectory released by the Ministry of Power contradicts the state’s regulations on the matter. KERC issued the KERC (Procurement of Energy from Renewable Sources) (Eighth […] Read more
