AEP Receives Approvals to Acquire Wind Projects Worth 1485 MW Updated On Thu, May 28th, 2020 by Saurenergy AEP has received more than the required approvals to enable the company to acquire the entire planned 1485 MW of wind projects in Oklahoma. American Electric Power (AEP) has announced that it has received more than the required approvals to enable the company to acquire the entire planned 1485 megawatts (MW) of wind generation projects […] Read more
Power Producers Seek Payment of Rightful Dues to IPPs from MP Govt Updated On Thu, May 28th, 2020 by Saurenergy The Association of Power Producers (APP) in a written letter has urged Power Minister RK Singh to advise Madhya Pradesh (MP) government to again consider its decision of denying payment of rightful dues of independent power producers (IPPs). According to the letter, quoted PTI, “on behalf of independent power producers (IPPs), we request your intervention […] Read more
Winning of Rs 2.90/kWh Renewable+Storage Tender by Renew Power Might be the Biggest Event of 2020 for Renewables, in terms of impact. Updated On Thu, May 28th, 2020 by Saurenergy In a recent tender for Round-The-Clock (RTC) supply of 100 percent renewable energy (RE) power with storage, the Solar Energy Corporation of India (SECI) has discovered a levelised tariff of Rs 3.52/kWh for 15 years. The bid was won by Renew Power. On the significance of this development for the renewables industry in India, we […] Read more
63 GW new Wind Capacity Added in 2019; Vestas top Supplier: GWEC Updated On Thu, May 28th, 2020 by Saurenergy According to a new report, 22,893 wind turbines were installed globally in 2019 produced from 33 suppliers and accounting for over 63 GW of capacity. The Global Wind Energy Council (GWEC) has published the second edition of its annual ‘Supply-Side Analysis 2019’ report on its market intelligence platform. According to the report, 22,893 wind turbines […] Read more
EV Batteries as Storage batteries for Grid Power. Possible, Says MIT Study Updated On Thu, May 28th, 2020 by Saurenergy If there is one area where the renewable energy industry steals a march over fossil fuel based sectors, it has to be the area of recycling. Unlike thermal and oil/gas based energy generators, renewable technologies have come up in the glare of huge public expectations and appraisal, and having to prove themselves better at every […] Read more
Third Straight day of Hike, Power Demand in Delhi Surges to 5464 MW Updated On Thu, May 28th, 2020 by Saurenergy Peak power demand in the Delhi surged to 5,464 MW on Tuesday (May 26, 2020) night, the highest in the season so far, power Discom BSES has said. With the ongoing heatwave and the temperature soaring every passing day, peak power demand in the Delhi surged to 5,464 MW on Tuesday (May 26, 2020) night, […] Read more
IndiGrid Reports 92% Jump YoY in Revenue for Fourth Quarter Updated On Thu, May 28th, 2020 by Saurenergy IndiGrid has reported consolidated revenue of Rs 328.4 crore for the quarter ended March 31, 2020, up 92 percent YoY from Rs 170.5 crore in Q4 2019. IndiGrid, India’s first power sector Infrastructure Investment trust (InvIT), has announced its results for the financial year ended March 31, 2020. The firm has reported consolidated revenue of […] Read more
GE to Sell its 130-Yr-Old Lighting Biz to Savant Systems Updated On Wed, May 27th, 2020 by Saurenergy American multinational conglomerate General Electric (GE) on Wednesday said that it has signed a definitive agreement to sell its 130-year-old Lighting business, GE Lighting, to Savant Systems, a leading player in the smart home space. However, the financial details of the transaction were not disclosed by the company. For many years the company was looking […] Read more
NTPC Eyes Majority Stake in ADAG’s BRPL, BYPL to Foray into Distribution Biz Updated On Wed, May 27th, 2020 by Saurenergy Country’s largest power generation utility NTPC is planning to foray into electricity distribution business as it has evinced interest to acquire majority stake of 51 per cent in Anil Dhirubhai Ambani Group’s (ADAG) two utilities. The ADAG has two Discoms in Delhi namely BSES Rajdhani Power Ltd (BRPL) and BSES Yamuna Power Ltd (BYPL), which supplies electricity to approx 4.4 million customers. […] Read more
