FY 2023-24: SECI Snags Excellent Rating With Over 73 GW Awarded Capacity Updated On Fri, Jan 10th, 2025 by Saurenergy In 2024, Solar Energy Corporation of India Ltd (SECI) exceeded a cumulative awarded renewable generation capacity of 73 GW as of December 31. In the financial year 2023-24, the company saw a substantial 22.13% increase in its annual trading volume, reaching a total of 42.935 billion units. SECI recorded a total income of Rs. 13,135.80 […] Read more
ENGIE India Targets 7 GW utility Scale Portfolio by 2030 Updated On Tue, Jan 7th, 2025 by Saurenergy In this interview with SaurEnergy, Amit Jain, Managing Director India & South East Asia for ENGIE, the French Multinational Power giant. ENGIE India has been present in the country for a decade now, and looking to play a key role in the country’s transition to a greener grid. The company stands out for its focus […] Read more
Top 5 Solar Energy Markets to Boom in 2025 Updated On Tue, Jan 7th, 2025 by Saurenergy The solar power industry is flourishing globally, but growth potential varies across regions due to diverse influencing factors. Some solar markets are poised to outperform others, driven by favourable conditions already present or anticipated in 2025. The International Energy Agency forecasts that the global RE capacity will increase by over 5,520 GW during 2024-2030, about […] Read more
Tender, Tariff, and Takers: 2024 A Brief Review Updated On Mon, Jan 6th, 2025 by Saurenergy The renewable energy landscape is witnessing a transformative shift, with bidding processes increasingly favoring innovative solutions like Round the Clock (RTC) energy, Firm and Dispatchable Energy (FDRE), and wind-solar hybrid (WSH) tenders. Notably, energy storage has emerged as a game-changer, becoming an integral component of many new tenders. According to an SBI Caps report, storage […] Read more
NTPC REL Bags UPPCL’s 1 GW Solar Project At Rs. 2.56/kWh Updated On Sun, Jan 5th, 2025 by Saurenergy NTPC Renewable Energy Limited (NTPC REL), an NTPC Limited subsidiary, emerged as the successful bidder in the Uttar Pradesh Power Corporation Limited (UPPCL’s) e-reverse auction. Out of the initial tender to select solar power developers for 2000 MW ISTS-connected solar PV power projects, NTPC REL secured a 1,000 MW capacity at a tariff rate of […] Read more
MERC Declines To Re-Determine Wind Tariff On Actual CUF Updated On Fri, Jan 3rd, 2025 by Saurenergy The Maharashtra Electricity Regulatory Commission (MERC), in its latest order, has declined to amend a regulation retrospectively to re-determine tariffs. The case pertained to the re-determination of tariffs for wind power generators in Maharashtra. The order emerged when the state power utility MSEDCL approached the regulatory commission, arguing that actual tariff determination should be based […] Read more
SECI Awards 200 MW FDRE Project To Altra Xergi At Rs. 8.50/kWh Updated On Fri, Jan 3rd, 2025 by Saurenergy Altra Xergi Power, an O2 Power subsidiary, recently secured a 200 MW project from Solar Energy Corporation of India (SECI). The company secured this project out of the initial 8,000 MWh (2000 MW x 4 hours) renewable energy tender. The Altra Xergi secured the project from SECI at the quoted tariff of Rs. 8.50/kWh to […] Read more
SECI Proposes, CERC Disposes- JSW Energy’s 500 MW BESS Tender In Trouble Updated On Fri, Jan 3rd, 2025 by Saurenergy In a blow to JSW Energy’s BESS plans, the tender it won for SECI’s 500 MW/1000 MWh standalone battery energy storage systems has failed to pass muster with CERC. On plea to adopt the tariffs for the said tender, won by JSW Energy at Rs 10.88/unit after due process, the CERC pointed to the inexplicably […] Read more
CREDA Plans Rooftop Solar Under RESCO Mode, Issues Tender Updated On Thu, Jan 2nd, 2025 by Saurenergy Chhattisgarh State Renewable Development Agency (CREDA) recently invited expressions of interest (EOI) to select bidders to implement 20 MWp grid-connected rooftop solar systems under RESCO model. These projects will be located in registered housing societies in Chhattisgarh. The solar power generated under this project will be sold to registered housing societies in Chhattisgarh. Bids will […] Read more
