BUDGET: FM Proposes Amending Duties For Solar Cells, Modules Updated On Sat, Feb 1st, 2025 by Saurenergy Union Finance Minister Nirmala Sitharaman today presented the Union Budget 2025. Although the minister did not explicitly use the word ‘renewable’ in her speech or announce any scheme or support for the sector exclusively, the finer details of the budget document revealed some changes. The budget documents revealed that the government has decided to amend […] Read more
Telangana Targets 20 GW RE, Storage Capacity Additions By 2030 Updated On Mon, Jan 27th, 2025 by Saurenergy Shortly after releasing its draft renewable energy policy earlier this year, the Telangana government unveiled its official Renewable Energy Policy for 2025. The Telangana Renewable Energy Development Corporation Ltd (TGREDCO), has now issued a policy, setting an ambitious target to boost the state’s renewable energy capacity, aiming for 20 GW of renewable energy and storage […] Read more
Delayed Payment: MERC Asks MSEDCL To Pay Penalty To RE Firms Updated On Thu, Jan 23rd, 2025 by Saurenergy The Maharashtra Electricity Regulatory Commission (MERC) has directed the state power utility, MSEDCL, to pay penalties with interest to two biomass energy generators for delayed payments. The order came after the two renewable energy generators approached MERC against MSEDCL over the issue. The two companies—Manas Agro Industries and Infrastructure Limited (MAIIL), Wardha, and MAIIL Nashik—had […] Read more
The Surprising Country Investing Big In Energy Storage Updated On Thu, Jan 23rd, 2025 by Saurenergy In common perception, the drive towards a green energy transition is placed as a tussle between those who want green, clean energy, and those who depend on fossil fuels, and hence do everything to delay or discredit the transition. The pronouncements by President Trump, to ‘drill baby drill’ for that country’s oil and gas sector, […] Read more
Avaada Closes Financing For 9 of Its Diverse RE Projects In Q3FY25 Updated On Wed, Jan 22nd, 2025 by Saurenergy Avaada Group, a company operating in India’s renewable energy landscape, has successfully completed financing/refinancing of nine of its projects across the business divisions totaling for an amount of INR 8500 Crs (~USD 1 Bn). The transactions include a mix of Utility scale IPP projects, large-scale Agri Photovoltaic projects, Merchant power generation projects, C&I projects and […] Read more
After HC Order, KERC Brings New Draft Open Access Rules Updated On Mon, Jan 20th, 2025 by Saurenergy Days after the Karnataka High Court struck down the Centre’s rules on Green Energy Open Access and the corresponding state regulations, the Karnataka Electricity Regulatory Commission (KERC) has introduced a fresh set of draft regulations on open access. KERC has invited stakeholders to submit their objections and suggestions before February 15, 2025. The new draft […] Read more
Maharashtra: BrightNight Commissions First Phase Of 115MW Hybrid RE Project Updated On Tue, Jan 14th, 2025 by Saurenergy US-based BrightNight, a global renewable power producer, recently commissioned the first phase of Optima Maharashtra, a 115 MW hybrid renewable power project in India. It’s also one of the first co-located wind-solar projects in Maharashtra. The project is located in Dharashiv, Southern Maharashtra, and spanning about 1400 acres, Optima Maharashtra integrates advanced wind and solar […] Read more
Clean Energy Investments To Reach $670bn In 2025: Report Updated On Mon, Jan 13th, 2025 by Saurenergy S&P Global Commodity Insights, an independent provider of information, analysis, data, and benchmark prices for the commodities, energy, and energy transition markets, has released its latest report on the pivotal trends in clean energy technology for 2025. The report said that investments in the clean energy sector might reach $670 billion in 2025. “S&P Global […] Read more
December 2024: DAM Prices Dip 14% YoY, Avg RE Prices At Rs 3.92/unit Updated On Mon, Jan 6th, 2025 by Saurenergy Indian Energy Exchange (IEX), achieved its highest-ever monthly electricity traded volume of 11,132 MU in December’24, marking a 29% increase on a year-on-year (YoY) basis. During the month, IEX traded 16.62 lakh renewable energy certificates recording a 58% year-on-year increase. For December 2024, the Market Clearing Price in the Day Ahead Market was Rs. 3.89/unit, […] Read more
