Australia Suspends Power Trading In Spot Markets Updated On Thu, Jun 16th, 2022 by Saurenergy In a move meant to cool down ever higher energy prices and ‘hoarding’ so to say the Australian Energy Market Operator (AEMO) has suspended the wholesale electricity spot market across all five participating NEM states in the country. AEMO’s notice states that even as it is shutting the market wef June 15, it has been […] Read more
UK firm Granted £912,000 to use Gravity to Store Energy at Brownfield site Updated On Fri, Feb 25th, 2022 by Saurenergy The UK government’s Department for Business, Energy & Industrial Strategy (BEIS) has granted around £912,000 in funding to London-based Gravitricity, whose patented technology uses gravity to store energy, to enable the company to set up an energy storage project in Northern England. The ‘GraviSTORE’ project is one of the five successful projects chosen under the Longer Duration Energy Storage Demonstration Programme, Stream […] Read more
Stanford Scientists Create New Material for Thin, Lightweight Solar Panels Updated On Thu, Dec 16th, 2021 by Saurenergy A race is on in solar engineering to create almost impossibly-thin, flexible solar panels. Engineers imagine them used in mobile applications, from self-powered wearable devices and sensors to lightweight aircraft and electric vehicles. Against that backdrop, researchers at Stanford University have achieved record efficiencies in a promising group of photovoltaic materials, writes Andrew Myers in […] Read more
Power Consumption Rises 1.3 % to 34.23 B Units in First 10 Days of Dec Updated On Mon, Dec 13th, 2021 by Saurenergy India’s power consumption grew by 1.3 per cent in the first ten days of this month from December 1 to 10 to 34.23 billion units (BU) over the same period a year ago, according to power ministry data. In 2020, power consumption was 33.78 BU during December 1 to 10. In the entire month of December […] Read more
India’s Journey Towards Clean Energy Transition in 2022: Stepped Approach Updated On Mon, Dec 6th, 2021 by Saurenergy By Vishnu Sudarsan, J Sagar Associates Decarbonize, digitise and decantrise is the new mantra for India’s energy transition roadmap. PM Modi’s Paris pledge has given a shot in the arm for the country’s transition plan towards clean energy and to achieve the goal of greening the economy. It provides certainty and visibility to a clean […] Read more
KSERC Approval for 300 MW Solar Buy Exposes Multiple Challenges Facing SECI, Developers Updated On Wed, Nov 17th, 2021 by Saurenergy In an order dated November 15, 2021, the Kerala state electricity regulatory commission (KSERC) finally allowed the state discom, Kerala State Electricity Board (KSEB) to procure 300 MW of Solar power from SECI from its tranche IX solar tenders, at a cost of Rs 2.44/kWh including trading commission. While many will see the order as […] Read more
MSEDCL Tenders for 1250 MW Of Solar Under State Scheme Updated On Mon, Nov 1st, 2021 by Saurenergy Close on the heels of its tender for vendor empanelment for 200 MW of solar rooftop capacity across the state, the Maharashtra State Electricity Distribution Company Limited (MSEDCL) has invited bids to procure 1,250 MW of solar power from projects developed in various districts of Maharashtra. The bids are under the state’s own Mukhyamantri Saur […] Read more
REC Raises 5 Year Loan Of $75 million From SMBC Updated On Thu, Oct 21st, 2021 by Saurenergy In a first for any NBFC in India, REC Limited has successfully raised a USD 75 million, 5-year Secured Overnight Financing Rate (“SOFR”) linked Syndicated Term Loan on October 7, 2021, with Sumitomo Mitsui Banking Corporation (SMBC), Singapore Branch appointed as the sole Mandated Lead Arranger and Bookrunner. Along with the loan, REC has also […] Read more
Why Prices Skyrocketed at the Power Exchange: IEEFA Updated On Wed, Sep 29th, 2021 by Saurenergy With electricity demand in India recently peaking, a new report by the Institute for Energy Economics and Financial Analysis (IEEFA) explores the supply and demand conditions that led to recent price spikes in the evening peak hours, starting in August through to September 2021. Electricity demand in India has peaked and dropped markedly as the […] Read more
