IRFC Lends ₹7,500 Cr Term Loan To NTPC REL For RE Projects Updated On Mon, Feb 24th, 2025 by Saurenergy NTPC Renewable Energy Limited (NTPC REL), a wholly owned subsidiary of NTPC Green Energy Limited (NTPC GEL), has accepted the Indian Railway Finance Corporation (IRFC) bid of ₹7,500 crores to finance a Rupee Term Loan (RTL). The bid was made in response to the Request for Proposal (RFP) dated January 17, 2025 by NTPC Green […] 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
Delayed Payment: MERC Asks MSEDCL To Pay Penalty To RE Firms Updated On Thu, Jan 23rd, 2025 by Saurenergy The Maharashtra Electricity Regulatory Commission (MERC) has directed the state power utility, MSEDCL, to pay penalties with interest to two biomass energy generators for delayed payments. The order came after the two renewable energy generators approached MERC against MSEDCL over the issue. The two companies—Manas Agro Industries and Infrastructure Limited (MAIIL), Wardha, and MAIIL Nashik—had […] Read more
Himachal Pradesh: Dharamshala Gets Its First Solar Project Updated On Mon, Jan 20th, 2025 by Saurenergy Himachal Pradesh (HP) Chief Minister Thakur Sukhvinder Singh Sukhu recently inaugurated its first solar power project 750 kilowatts at Dharamshala in Kangra district. The solar project was built at Rs. 4.74 crore and spans 8,500 square meters of land. The project would generate approximately 2,000 units of electricity daily, yielding a monthly income of Rs. […] Read more
SECI Proposes, CERC Disposes- JSW Energy’s 500 MW BESS Tender In Trouble Updated On Fri, Jan 3rd, 2025 by Saurenergy In a blow to JSW Energy’s BESS plans, the tender it won for SECI’s 500 MW/1000 MWh standalone battery energy storage systems has failed to pass muster with CERC. On plea to adopt the tariffs for the said tender, won by JSW Energy at Rs 10.88/unit after due process, the CERC pointed to the inexplicably […] Read more
SECI Floats 125 MW/500 MWh BESS Tender in Kerala With VGF Updated On Thu, Dec 26th, 2024 by Saurenergy The Solar Energy Corporation of India (SECI) recently released a tender to set up a 125 MW/500 MWh standalone Battery Energy Storage System (BESS) in Kerala with Viability Gap Funding (VGF) support. The last date for bid submission is set as February 6, 2025. This marks the 22nd standalone BESS tender in India. This is […] Read more
Bihar Draft Open Access Policy For Green Energy Reduces Limit To 100 kW Updated On Mon, Dec 23rd, 2024 by Saurenergy Bihar recently released a consultative paper on the draft Bihar Electricity Regulatory Commission (BERC) terms and conditions of green energy open access regulations, 2024. The draft aims to provide connectivity and open access to electricity generated from green energy sources. The rules include energy generated from non-fossil fuel-based waste-to-energy plants for use in an Intra-State […] Read more
Wafer Process: Reliance-Backed NexWafe GmbH Announces Breakthrough Updated On Thu, Dec 19th, 2024 by Saurenergy NexWafe GmbH (NexWafe) has announced significant breakthroughs in its solar wafer manufacturing technology. The firm seeks to make ultra-thin, high-efficiency, monocrystalline, low-carbon footprint solar wafers with an energy footprint 40% lower than conventional wafer making. The German company achieved cell efficiencies equivalent to Czochralski (CZ) wafers in a production environment, marking a major milestone. Additionally, […] Read more
SECI’s Plea For Extra Trading Margin In BESS Deal Fails To Cut Ice With CERC Updated On Tue, Nov 19th, 2024 by Saurenergy In an interesting take on what constitutes fair margins, the Central Electricity Regulatory Commission (CERC) considered a plea by SECI on an additional margin of Rs. 0.07/kWh for facilitating the sale/ purchase, scheduling, accounting, charging, and discharging of BESS for Grid Ancillary Services (150 MW) portion through IDAM/ RTM/TAM/Bilateral mode on behalf of the National […] Read more
