Powerica Ltd Entitled To Compensation Due To Rise of GST Rates Post-Contract, Rules CERC Updated On Tue, Apr 11th, 2023 by Saurenergy The Central Electricity Regulatory Commission (CERC), in its latest Order, while hearing a petition filed by Powerica Limited, has ruled that the change of Goods and Service Tax (GST) rates after receiving a contract was a deemed case of ‘change of law.’ Accordingly, the regulatory body also ordered compensation to the wind energy company on […] Read more
Vedanta, SRIPL Collaborate for 105 MW Renewable Power for Chhattisgarh Smelter Updated On Wed, Apr 5th, 2023 by Saurenergy Vedanta owned Bharat Aluminium Company Ltd. (BALCO) has said that it has signed an agreement with Serentica Renewables India Private Ltd (SRIPL) whereby the two firms will establish a special purpose vehicle (SPV) to source hybrid renewable energy for the aluminium operations in Chhattisgarh. Vedanta revealed in a regulatory filing “BALCO has entered into a […] Read more
Government Plans For Bids Totaling 250 GW of Green Energy By March 2028 Updated On Mon, Apr 3rd, 2023 by Saurenergy A government memo has revealed that India will be issuing tenders for the installation of 250 GW of green energy capacity in the country by March 2028. According to the Government memo, India will be inviting bids from developers for the installation of 15 GW of renewable energy capacity each in the starting two quarters […] Read more
UK’s Gemcorp Capital Seeds $150 Million Into Kenyan Clean Energy Platform Updated On Fri, Mar 31st, 2023 by Saurenergy UK based Gemcorp Capital Management Limited has committed a substantial capital investment into Milele Energy, a clean energy platform to be headquartered in Nairobi, Kenya that will focus on development, acquisition, and optimization of clean energy assets across sub-Saharan Africa. Gemcorp said that the seed investment includes funding for the planned acquisition by Milele of […] Read more
Canada Joins The Race To Offer Clean Energy Manufacturing Incentives Updated On Fri, Mar 31st, 2023 by Saurenergy After the US and it’s Inflation Reduction Act, The European subsidies for local manufacturing and India’s very own Production Linked Incentives (PLI) scheme it is now apparently the turn of Canada to get on to the local manufacturing bandwagon. The federal government led by Justin Trudeau has announced plans to introduce tax credit incentives and […] Read more
JSW Energy Closes Mytrah Deal For 1.7 GW Renewable Portfolio At Rs 10,530cr Updated On Fri, Mar 31st, 2023 by Saurenergy JSW Neo Energy, the fully owned subsidiary of JSW Energy has announced that it has acquired a renewable energy generation portfolio of 1,753 MW from Mytrah Energy (India) Pvt Ltd. JSW Energy said that this acquisition is made of 15 SPVs and 13 ancillary SPVs of Mytrah Energy having a total renewable energy stalled capacity […] Read more
Arctech Wins Tracker Deal For Azerbaijan’s Largest Solar Project Updated On Fri, Mar 31st, 2023 by Saurenergy Chinese solar tracking and racking solution provider, Arctech has announced that it has won a 312 MW project providing SkyLine II solar tracker in Azerbaijan. The solar power project is also the largest solar project in the Central Asian country, according to an Arctech release. In order to effectively cope with the complex environment, Arctech […] Read more
EDP Renewables Order 1.8 GW of First Solar Modules Updated On Thu, Mar 30th, 2023 by Saurenergy First Solar and EDP Renewables (EDPR) have announced a multi-year order for 1.8 GWdc of First Solar’s advanced thin film PV solar modules. The modules will be delivered up to 2028 and will power US projects developed by EDP Renewables North America. EDP Renewables currently operates 475 MW of solar projects in USA, has 1.6 […] Read more
“Market coupling can help to create a more integrated and efficient Indian electricity market” Prabhajit Sarkar, PXIL Updated On Wed, Mar 29th, 2023 by Saurenergy Power Exchange India Limited (PXIL), launched in 2008, is India’s first institutionally promoted Power Exchange promoted by NSE (National Stock Exchange of India Ltd.) & NCDEX (National Commodity and Derivatives Exchange). As the Managing Director & CEO of PXIL since May 2018, Prabhajit Kumar Sarkar has turned around PXIL into a profitable and fast-growing organisation. […] Read more
