CERC Asks SECI to Pay Azure Subsidiary Additional Project Cost Following Safeguard Duty Norms Updated On Mon, Jan 23rd, 2023 by Saurenergy The Central Electricity Regulation Commission has directed SECI to recompense Azure Power FortyOne, a subsidiary of Azure Power India, on the incremental posts costs along with additional costs as incurred by the firm due to the imposition of safeguard duty. The duty led to the shot up of the project cost for Azure. Further, the […] Read more
APTEL Asks Andhra Pradesh DISCOM to Pay Dues to Vibrant at Lower Rate Than in PPA Updated On Wed, Jan 18th, 2023 by Saurenergy The Appellate Tribunal for Electricity at New Delhi (APTEL) has directed APSPDCL (the southern power DISCOM of Andhra Pradesh- Andhra Pradesh Southern Power Distribution Company Limited) to compensate Vibrant Greentech India Pvt Ltd for the electricity supplied to it by the firm. Further, the APTEL has asked APSPDCL to compensate the firm at Rs.2.93 per […] Read more
Uttar Pradesh Backs Farmers for Solar Plants With Subsidies Updated On Mon, Jan 16th, 2023 by Saurenergy The state of Uttar Pradesh that has not shown much speed in terms of renewables growth so far seems to be making some moves of late. The Uttar Pradesh Power Corporation (UPPCL) has signed a power purchase agreement (PPA) with the farmers of the state for 7 MW of solar power generation projects under the PM […] Read more
ACWA Seals $2.4 Billion Wind Energy PPA With Uzbekistan Updated On Mon, Dec 26th, 2022 by Saurenergy Saudi Arabia-headquartered ACWA Power Company has inked a power purchase agreement (PPA) with the National Electric Grid of Uzbekistan (NEGU) for a value of $2.40 billion. As per the information shared by the ACWA Power in mandatory filing before the Saudi Arabia stock exchange, the deal was inked on 23 December, 2022. According to the […] Read more
Vivid Solaire’s Plea to Align LTA with Revised SCOD of Project Shot Down by CERC Updated On Tue, Dec 6th, 2022 by Saurenergy The Central Electricity Regulatory Commission (CERC) has rejected the petition of Vivid Solaire Energy Private Limited to reconsider Long-Term Access (LTA) to coincide with the revised SCOD of project and waive the transmission charges. In its petition, the Pune-based firm had filed a petition seeking a waiver for the levy of transmission charges by CTUIL […] Read more
Engie, Google Forge Partnership for Scottish Wind Farm Updated On Fri, Nov 25th, 2022 by Saurenergy French firm Engie , which delves into renewable, thermal energy and also provides energy solutions has joined hands with Google by way of a 100 MW corporate PPA. The agreement will pave the way for the French firm to supply the American multination tech giant with over 5TWh green power from Moray West offshore wind […] Read more
USA’s Enfinity Increases India Presence with 205 MW of RE Updated On Thu, Nov 24th, 2022 by Saurenergy In a release issued this week, US-based energy firm Enfinity Global has announced it has added 205 MW of solar capacity in India. The global RE conglomerate said that the feat has been achieved through the interconnection of renewable projects worth 135 MW in the Indian state of Maharashtra. The company has also acquired six […] Read more
152 MW Wind Project of rPlus Energies Acquired by Clearway Updated On Fri, Nov 18th, 2022 by Saurenergy In late 2021, rPlus Energies sold its interest in the approximately 152 MW ‘Cedar Creek Wind’ project to Clearway Energy Group. This announcement follows Clearway’s recent statement that it has signed a long-term power purchase agreement (PPA) between Cedar Creek Wind and PacifiCorp. Clearway is one of the largest renewable energy players in the USA. […] Read more
Switzerland’s Pexapark, Sweden’s AFRY Develop Valuation Framework for RE Investments Updated On Mon, Nov 14th, 2022 by Saurenergy AFRY- a Swedish-Finnish supplier of engineering, design, and advisory services that helps accelerate the transition towards a sustainable society- and Pexapark, a firm which facilitates PPAs, have entered into a partnership to develop the market’s first ‘Daily Valuation Curve’. The Daily Valuation Curve looks at providing renewables to investors, developers and portfolio owners with a […] Read more
