Traded Power Prices Drop 30% YOY At IEX To Rs 4.74/unit In May Updated On Tue, Jun 6th, 2023 by Saurenergy In a good sign for India’s summer months, power trading prices at the largest power exchange in the country, IEX, dropped 30% YOY to Rs 4.74/unit in May. During the month, the exchange enabled 8,251 MU (million units) of power trades. The green market trades at 358 MU, 1.42 lac Renewable energy certificates (RECs equivalent […] Read more
HPPCL Issues Tender for Supply of 5 MW Solar Project Updated On Tue, Jun 6th, 2023 by Saurenergy Himachal Pradesh Power Corporation Limited (HPPCL) has invited bids for the design, supply, construction & erection, testing, commissioning and operation and maintenance for eights years for 5 MW solar power project at Bhanjal, Una, Himachal Pradesh. The last date and time of submission is June 21, 2023. The technical bid opens on June 21, 2023. […] Read more
Electronics Engineer for Solar Services Updated On Mon, Jun 5th, 2023 by Saurenergy We are currently seeking an Electronics Engineer experienced in the whole process of product lifecycle management of Utility scale central photovoltaic inverters for solar farms to support our sustaining activities on both the existing installed base and future expansions. The ideal candidate has acquired a profound insight into the PV field design constraints and grid […] Read more
CERC Asks SECI to Compensate Developer For BCD On Solar Cells Updated On Mon, Jun 5th, 2023 by Saurenergy The CERC has maintained that ReNew Solar Energy (Jharkhand Three) Private Limited is entitled to compensation on a PPA signed with the Solar Energy Corporation of India Limited (SECI) following the imposition of safeguard duty on solar cells/modules. The firm said that the imposition has resulted in an increase in the rate of Basic Customs […] Read more
IEA Says Solar PV Capacity Additions Will Slowdown In India In 2023 Updated On Mon, Jun 5th, 2023 by Saurenergy The new report by International Energy Agency (IEA) – Renewable Energy Market Update, June 2023 – has said that the utility-scale solar PV projects are expected to slow briefly in 2023 due to supply chain challenges, lower auction volumes and trade policies. The IEA report has shown concern as solar power is India’s largest renewable […] Read more
Indian Military Installs Its First Solar Plant At Narengi Station-Assam Updated On Sun, Jun 4th, 2023 by Saurenergy With an objective of providing green and reliable power to its troops, the Indian Army is transforming the Narengi Military Station into a completely renewable-based military facility. The Narengi Military Station is situated near Guwahati, Assam and the army has installed a solar power plant at the military station which has a capacity of 1-MW. […] Read more
Westbridge Inks Pact With MYTILINEOS to Monetize 1.4 GW Solar Portfolio Updated On Fri, Jun 2nd, 2023 by Saurenergy Vancouver-headquartered Westbridge Renewable Energy Corporation has signed a definitive agreement in connection with the purchase by Metka-EGN, which is a subsidiary of MYTILINEOS Energy & Metals, of a portfolio of five solar projects located in Alberta, Canada from Westbridge. The solar power projects have anticipated aggregate capacity of 1,410 MWdc (1.4 GW) upon commercial operation. […] Read more
Lightsource bp Secures $460 Million For 368-MW Utility Scale Solar Projects Updated On Fri, Jun 2nd, 2023 by Saurenergy Global renewable energy firm Lightsource bp has closed on a $460 million multi-project financing package, which will support the construction and operation of a 368 MW portfolio. This RE portfolio comprised of two utility-scale solar projects in the United States. The debt for this project has been managed by Bank of America, ING Capital, Lloyds […] Read more
Canadian Solar To Help Deliver 99 MWh of BESS in UK Updated On Fri, Jun 2nd, 2023 by Saurenergy Global renewable energy conglomerate Canadian Solar has said that CSI Energy Storage has entered into an agreement to deliver 49.5MW/99MWh of turnkey battery energy storage solutions to European solar and storage player Cero Generation and Enso Energy in the United Kingdom. The energy storage infrastructure is taking speed as the country looks for faster energy […] Read more
