Waiver of ISTS Charges-Will Power Ministry Oblige RE Developers? Updated On Mon, Feb 17th, 2025 by Saurenergy Inter State Transmission Charges or ISTS charges are a key component of power bills across India. Thus, their waiver for renewable energy producers has been a major support on which the energy has grown, by helping keep costs lower than they would otherwise have been. Of course, most states have sought to extract their own […] Read more
Will 7.5 GW Green Energy Auction Be a Game-Changer for Philippines? Updated On Fri, Feb 14th, 2025 by Saurenergy The Philippines’ Department of Energy (DOE) announced on Tuesday the successful completion of the 3rd Green Energy Auction (GEA-3), offering 7,500 megawatts (MW)—well above the 4,650 MW installation target. The auction aligns with President Ferdinand Marcos Jr.’s energy agenda, aimed at accelerating the shift to renewable energy (RE) and strengthening the country’s energy security and […] Read more
Waaree RTL Gets 40 MWh BESS Order From Continuum Green Energy Updated On Fri, Feb 14th, 2025 by Saurenergy Waaree Renewable Technology (Warree RTL) has secured a Letter of Award (LOA) for an EPC work order for a 40 MWh battery storage system from Continuum Green Energy Limited. The company disclosed the project order size in a regulatory filing, which said, “The project order size is approximately INR 40 Cr.” Additionally, the company mentioned, […] Read more
Australia Sees Record-Breaking Clean Energy Investment Since 2018 Updated On Thu, Feb 13th, 2025 by Saurenergy Clean Energy Council released its Q4 2024 Quarterly Clean Energy Investment Report, Large-Scale Renewable Generation and Storage, indicating that 2024 was best year for large-scale renewable energy investment in Australia since 2018. The island nation attracted about USD 9 billion in total capital investment in 2024. In total, 4346 MW of new generation capacity, worth […] Read more
Prostarm Info Gets In-Principle Approval From SEBI To Launch IPO Updated On Thu, Feb 13th, 2025 by Saurenergy Navi-Mumbai-based pan-Indian power solution products company, Prostarm Info Systems has received in-principle approval from market regulator, Securities Exchange Board of India (SEBI) to launch its initial public offering (IPO). The issue comprises a fresh issue of up to 1,60,00,000 Equity Shares of face value ₹10 each and will be listed on BSE and NSE. Choice […] Read more
China’s Renewable Sector Enters New Era with Market-Driven Pricing Updated On Wed, Feb 12th, 2025 by Saurenergy China’s National Development and Reform Commission (NDRC) and the National Energy Administration (NEA) recently issued a joint notice outlining measures to deepen the pricing reform for electricity generated from renewable sources. The reform focuses on three key areas: allowing market forces to determine renewable power prices, creating a pricing and settlement mechanism that supports long-term […] Read more
ONGPL Acquires Ayana in Landmark INR 19,500 Renewable Energy Deal Updated On Wed, Feb 12th, 2025 by Saurenergy India’s largest oil and gas producer Oil and Natural Gas Corp (ONGC) and nation’s biggest power company NTPC acquired renewable energy firm Ayana through their joint venture ONGC-NTPC Green Pvt Ltd (ONGPL), for an enterprise value of INR 19,500 crore (USD 2.3 billion). ONGPL has signed a share purchase agreement with the current stakeholders National […] Read more
Gensol Q3-9 Month Revenues Up 42% Updated On Wed, Feb 12th, 2025 by Saurenergy Gensol Engineering Limited, one of the oldest players in the renewable energy sector specializing in solar engineering, procurement, and construction (EPC) services, along with electric mobility solutions, announced its unaudited consolidated financial results for the quarter & nine months ended December 31st, 2024 (Q3 & 9M FY25). Consolidated Financial Summary: Particulars (₹ in Crore) Q3 […] Read more
Clean Energy Financing: Are We Investing Enough? Updated On Wed, Feb 12th, 2025 by Saurenergy Finance plays a vital role in the global push for renewable energy. Over the past decade, clean energy investments have grown significantly, driving gigawatt-scale renewable capacity additions and supporting related sectors, particularly in Asia, the Middle East, Europe, and North America. However, much more needs to be done for countries to meet their renewable energy […] Read more
