Power Market Update- REC Market Records All-Time Low Price In April Updated On Thu, May 2nd, 2024 by Saurenergy Indian Energy Exchange (IEX), India’s premier electricity exchange achieved 9,044 MU overall volume, in April’24, marking a 14.1% year-over-year increase. The renewable energy certificates (REC) at 618 MU, increased 211% YoY. At Rs. 204 per certificate, the REC market recorded an all-time low price in the trading session held on 24th April 2024. The REC […] Read more
Green Stocks Prepare For the Next Run As Results Season Looms Updated On Thu, May 2nd, 2024 by Saurenergy On a day when the market seemed to be in a mood to consolidate, our green energy stock pack moved in a different direction. So while Waaree Renewable Technologies, after a three-day reversal, was back testing the upper circuit, it joined Shakti Pumps, which seemingly has unsatiable demand for its stock right now. KPI Green […] Read more
News In Brief On May 2 – Sunsource, GCLSI, Solar Consortium, South Africa Solar Updated On Thu, May 2nd, 2024 by Saurenergy SunSource Energy commissions a Solar Power Project for CtrlS, Asia’s Largest Rated 4 Hyperscale Data Center Operator SunSource Energy, a leading distributed solar energy company has commissioned a Solar power project for CtrlS, Asia’s largest rated 4 hyperscale Data Centre operator. Under the terms of the agreement, the Noida Data Center of CtrlS is receiving […] Read more
Vikram Solar Bags 250 MW Module Order From GIPCL Updated On Thu, May 2nd, 2024 by Saurenergy Leading module manufacturing firm Vikram Solar, has announce a significant a 250 MW order win from Gujarat Industries Power Company Limited (GIPCL). The company has successfully received the Letter of Intent (LoI). The sizeable order is a welcome sign of rising demand for one the oldest firms in the solar manufacturing sector The modules to […] Read more
CERC Declines Relief To Adani Firm Over Delayed Karnataka Wind Project Updated On Thu, May 2nd, 2024 by Saurenergy The Central Electricity Regulatory Commission (CERC) in its latest judgment declined to give relief to Adani Renewable Energy Seven Limited (ARSEL). The company had moved to the central commission seeking relief against any possible coercive action from the Solar Energy Corporation of India (SECI). The petitioner–ARSEL is a Special Purpose Vehicle (SPV) of its parent […] Read more
Climate Finance Still A Challenge For Developing Countries Amid RE Push Updated On Thu, May 2nd, 2024 by Saurenergy Amid fears of worsening impacts of climate change and the push towards renewable energy, financing for the transition to greener energy sources remains the pivotal issue. A report by the World Bank that focused on developing countries emphasised that energy transition there will require ‘unprecedented transformation of the power sector infrastructure’. Along with that, it […] Read more
Australia’s First Offshore Wind Farm A Step Closer Updated On Thu, May 2nd, 2024 by Saurenergy Australia, which has seen a massive ramp up in its solar capacity, is finally making a move to add offshore wind to its renewables portfolio as well, with plans for the first offshore wind farms reaching feasibility stage with the handout of licenses to prospective project studies. With no nuclear plant in the country, Australia […] Read more
SJVN Invites Bids For 1200 MW Solar Power Projects Across India Updated On Thu, May 2nd, 2024 by Saurenergy Hydro, and now, all renewable focused PSU SJVN Limited has invited proposals for selection of solar power developers. The company released a tender for setting up of 1200 MW ISTS-connected solar power projects anywhere in India under tariff-based competitive bidding, on build-own-operate (BOO) basis. SJVN is expected to enter into a Power Purchase Agreement (PPA) […] Read more
Gautam Solar Partners With Redington To Expand Its Solar Module footprint Updated On Thu, May 2nd, 2024 by Saurenergy Gautam Solar, one of India’s leading manufacturers of Solar Modules has partnered with Redington Limited, the leading technology solutions provider for distributing Gautam Solar’s high-efficiency Solar Modules on PAN India basis. As part of the partnership, Redington will enable the distribution of Gautam Solar’s high-quality Solar Panels including Mono PERC and N-type TOPCon Panels within […] Read more
