Stena Recycling to Invest €24.6 M in Swedish Battery Recycling Plant Updated On Tue, Jul 6th, 2021 by Saurenergy Swedish recycling company Stena Recycling is planning to invest around €24.6 million in what will be one of Europe’s most advanced battery recycling facilities near its Nordic Recycling Center in Halmstad, Sweden. The Gothenburg-based company described the project as a “new battery recycling process” and said that UK chemicals company Johnson Matthey would add a process […] Read more
SECI Wins Crucial Case At APTEL On Trading Margins, For Now Updated On Tue, Jul 6th, 2021 by Saurenergy The Ruling against orders by the Delhi and Punjab regulators will be a relief to the central agency. In a detailed 77 page judgement delivered on July 2nd, a two judge bench of the Appellate Tribunal For Electricity (APTEL) had delivered welcome news to SECI (Solar Energy Corporation of India) on its precious trading margin […] Read more
ACME Solar’s Rajasthan Projects Back On Track, After Withdrawal OF Termination Notice Updated On Thu, Jul 1st, 2021 by Saurenergy ACME Solar, which had filed for termination of some of its solar projects in Rajasthan, has withdrawn the termination notice, following an amicable settlement of the issue with SECI (Solar energy Corporation of India). This was informed by the firm at the Central Electricity Regulatory Commission (CERC), where it had filed the plea for termination. […] Read more
Senior Manager Updated On Wed, Jun 16th, 2021 by Saurenergy Lead a team of people in handling all regulatory affairs with central government agencies (MNRE, CERC), State Regulatory Commissions and State Nodal Agencies, w.r.t development of solar and wind power projects in India. Policy advocacy & representation in the concerned regulatory & government bodies for sustainable Renewable business. Pre-feasibility of evacuation possibility and get the […] Read more
Sale of Electricity in Futures Market will Benefit RE Investors: IEEFA Updated On Fri, Jun 11th, 2021 by Saurenergy The introduction of derivatives to India’s short-term power market will make it easier for renewable project developers to enter into offtake arrangements with state-owned distribution companies (discoms), finds a new briefing note from the Institute for Energy Economics and Financial Analysis (IEEFA). “The launch of new financial instruments will enable developers to hedge their offtaker […] Read more
FOR Report Targets Clean Energy Cess, Coal, Better Renewable Planning Updated On Fri, May 28th, 2021 by Saurenergy The Forum of regulators (FOR) is a body set up under section 166(2) of the Electricity Act, 2003 to ensure better coordination and analysis among power regulators across the country. The Forum consists of Chairperson of Central Electricity Regulatory Commission (CERC) and Chairpersons of State Electricity Regulatory Commissions (SERCs). The Chairperson of CERC is the […] Read more
APTEL Asks KERC to Decide Compensation owed to Fortum by DISCOMs Updated On Wed, May 26th, 2021 by Saurenergy The Appellate Tribunal for Electricity (APTEL) recently gave a judgement in favour of Fortum Solar India Private Limited after the solar power developer petitioned it, seeking compensation from various DISCOMs. The full judgement can be read here. The tribunal not only directed the Karnataka Electricity Regulatory Commission (KERC) to determine the incremental tariff payable to Fortum, […] Read more
Adani to Acquire SB Energy’s 5 GW Portfolio in India’s Largest Renewables M&A Deal Updated On Wed, May 19th, 2021 by Saurenergy Adani Green Energy has signed agreements for the acquisition of 100 percent interest in SB Energy India from the SoftBank & Bharti Group Adani Green Energy Limited (AGEL), has announced that it has signed the share purchase agreements for the acquisition of 100 percent interest in SB Energy India from the SoftBank Group (80 percent) […] Read more
IEX Q4 FY21 Results: ‘Unprecedented Performance’; Rs 100 Cr Revenues Updated On Fri, May 14th, 2021 by Saurenergy The Indian Energy Exchange (IEX) released its audited consolidated financial results for the fourth quarter ended March 31, 2021, today, announcing an “unprecedented performance” in the last fiscal year. The New Delhi-headquartered power trading exchange, which is regulated by Central Electricity Regulatory Commission (CERC), reported 37.3% YoY growth in electricity volumes in the last year. In […] Read more
