SJVN Awarded LoI for 125MW Solar Projects in Uttar Pradesh Updated On Tue, Jan 11th, 2022 by Saurenergy SJVN Ltd advanced 2.81% to Rs 31.05 after the company bagged 125 MW grid connected solar power project in UP Solar Park in Uttar Pradesh, according to recent media reports. The company has been issued Letter of Intent (LoI) by the Uttar Pradesh New and Renewable Energy Development Agency (UPNEDA) for building 75 MW grid […] Read more
Azure Power Commissions 600 MW Project In Rajasthan Updated On Tue, Jan 4th, 2022 by Saurenergy NYSE listed Azure Power yesterday announced the successful commissioning of its largest project- 600 MWs Interstate Transmission System (ISTS) connected solar project, allocated by Solar Energy Corporation of India (SECI). The project is in Bikaner, Rajasthan and the power generated from the project will be supplied to SECI at a tariff of INR 2.53 (~US 3.5 cents) […] Read more
SECI’s 1110 MW Hybrid Projects Face a Long Delay Due To Uncertainty Over SC Judgement Updated On Wed, Dec 22nd, 2021 by Saurenergy In yet another case involving adoption of tariff after taking into account change in law events, a key SECI project, the 1110 MW (Tranche III) Wind -Solar Hybrid project could be facing a long delay. The letter of award to the winning bidders had been issued on 31/12/2020, ie, almost a year back. The project, […] Read more
In Blow To Power Reforms, Key Provisions In Draft Electricity Bill (amendment) 2021, Dropped Updated On Thu, Dec 16th, 2021 by Saurenergy The Draft electricity amendment bill (2021), whose withdrawal was one of the demands of the agitating farmers, has gone through some major changes after ‘feedback’ from ‘stakeholders’. And it is clear who has been winning the arguments, if one goes through the (dropped) changes that have been shared by the sources in the Power Ministry. […] Read more
With REC Trading Back, IEX Looks To Renewable Growth To Build Momentum Updated On Tue, Nov 30th, 2021 by Saurenergy Highlights: “The RPO compliance equation has to be continuously reassessed as several market-based avenues are available.” “We are currently at some 110 GW, so we have another nine years period to meet the target (500 GW of RE capacity by 2030). Pace at which capacity addition happens must grow at a 50% year on year […] Read more
Renewable Energy Certificates. Trading Resumes, But Much Needs To Be Done Updated On Thu, Nov 25th, 2021 by Saurenergy Highlights: The market share of REC market had already shrunk to 9.2 lakh Renewable Energy Certificates (REC) in 2020-21, while 60.58 lakh RECs piled up till March end. As per CEEW-CEF analysis, as many as 5.1 million RECs have remained unsold due to poor RPO compliance across India, a demand shortfall of 7%. The Appellate […] Read more
Jindal Steel Floats RE Tender to Procure Max 224 MW Updated On Tue, Nov 23rd, 2021 by Saurenergy Jaipur-based Jindal Steel has released a new tender, inviting bids for the procurement of 224 MW of renewable power (solar and non-solar) for interstate or intrastate trading through the open access route. The company aims to meet its additional power requirements due to the expansion of its plant capacity from December 1, 2022, to November […] Read more
IEX Announces Resumption of REC Trading From Nov 24 Updated On Mon, Nov 22nd, 2021 by Saurenergy The Indian Energy Exchange (IEX) has announce the resumption in the trading of Renewable Energy Certificates (REC) with effect from Wednesday 24 November 2021, after a gap of almost 16 months. The last REC trade session took place in June 2020. The trade has been resumed in line with APTEL’s recent order dated 09.11.2021 and […] Read more
Ministry of Power Notifications for Change in Law, Curtailment of ‘Must Run’ Plants Welcome Updated On Wed, Oct 27th, 2021 by Saurenergy In two separate notifications, the Ministry of Power has issued notifications for both compensation in case of a change in law event, and for curtailment of power from Must Run power plants. The rules will have significant impact for renewable energy producers, thanks to the must run status they enjoy, besides the many disputes linked […] Read more
