MSEDCL, MERC Face Censure From APTEL Over Payment Delays To Wind Developer Updated On Tue, Sep 21st, 2021 by Saurenergy In a highly critical new order, the Appellate Tribunal for Electricity (APTEL) has ruled against the Maharashtra State Electricity Distribution Company Ltd. (MSEDCL), quashing its appeal against “interest on interest,” as imposed on it by the Maharashtra Electricity Commission (MERC), which awarded 1.25% penalty interest on 1.25% delayed payment charges interest to Rajalakshmi Minerals, a […] Read more
Orbital to lead EU’s €26.7 M Project for Floating Tidal Energy Deployment Updated On Fri, Sep 17th, 2021 by Saurenergy Scottish technology developer Orbital Marine Power will lead a pan-European consortium to deliver the €26.7m FORWARD-2030 project, set up to accelerate the commercial deployment of floating tidal energy, with Swedish manufacturing company SKF as a key partner. The project will see the installation of the next iteration of the Orbital turbine, integrated with a hydrogen […] Read more
NextEnergy’s International Solar Fund to Acquire 42.3MW Polish Portfolio Updated On Fri, Sep 17th, 2021 by Saurenergy NextPower III ESG, the international solar fund of NextEnergy Capital, has agreed to acquire a 42.3MW solar PV project portfolio in Poland, marking NPIII ESG’s first acquisition in the country. Completion is expected to occur in Q4 2021 once all assets are constructed and energised. The solar PV project portfolio has been awarded a Contract for […] Read more
Vineyard Wind Raises $2.3 B for 800 MW Wind Project in Atlantic Ocean Updated On Fri, Sep 17th, 2021 by Saurenergy Vineyard Wind, a joint venture between Avangrid Renewables, a subsidiary of AVANGRID, and Copenhagen Infrastructure Partners (CIP), has achieved financial close for its first project, raising $2.3 billion of senior debt for the construction of an 800 MW offshore wind farm in U.S. federal waters in the Atlantic Ocean. Nine international and U.S. based banks helped […] Read more
Ocean Winds, Aker Submit Joint Bid for 6GW Offshore Wind in Scotland Updated On Tue, Sep 14th, 2021 by Saurenergy Spain-based Ocean Winds and Norway-based Aker Offshore Wind have submitted joint bids worth 6 GW for the development of floating offshore wind projects in the ScotWind leasing round. The joint venture has submitted bids for several sites in the Outer Moray Firth for offshore wind farms as part of the ScotWind process, which was accepting applications until […] Read more
GE’s Offshore Wind Blade Plant in UK Receives Approval Updated On Mon, Sep 13th, 2021 by Saurenergy GE Renewable Energy has received the planning approval for its Teesside offshore wind blade manufacturing plant from the Local Planning Authorities. The plant construction should begin later in 2021 upon the finalization of all contractual documents, said the company. LM Wind Power will operate the facility which will be dedicated to the production of its […] Read more
Tesla Builds Energy Trading Team for its Autobidder Platform Updated On Mon, Sep 13th, 2021 by Saurenergy US clean energy company Tesla is looking to build an energy trading team to trade energy capacity at its Autobidder platform, according to media reports. The EV maker is looking for a ‘Senior Energy Trading Analyst’ for its new team, as announced on LinkedIn recently. The energy trading team will support the company’s battery and renewable […] Read more
India, Denmark Partner on Offshore Wind Generation Updated On Mon, Sep 13th, 2021 by Saurenergy India and Denmark have launched the ‘Centre of Excellence on Offshore Wind’ as part of a green strategic partnership between the two nations, which will boost offshore wind power generation plans among other renewable sources. Union Minister for Power and New and Renewable Energy R.K Singh met with Mr. Dan Jørgensen, Danish Minister for Climate, Energy […] Read more
NTPC Addresses Its Wind Capacity with 300 MW Tender for Projects Updated On Thu, Sep 9th, 2021 by Saurenergy Power major NTPC Limited, which has set a 60 GW renewable target for 2032,has invited bids to develop 300 MW of interstate transmission system (ISTS)-connected wind energy projects anywhere in India. The tender follows earlier wind tenders from the utility this year. It also marks the continuing recovery in the wind space after a poor […] Read more
