65% Of Aspiring Developers Choose To Exit PPA’s in GUVNL Projects In Gujarat Updated On Mon, Sep 6th, 2021 by Saurenergy The Gujarat Urja Vikas Nigam Limited (GUVNL) has received 2605 applications from aspiring solar developers to exit their project commitments, after the utlity offered a one time exit option to developers from the signed PPA’s. The development followed the decision by the state government to offer zero subsidy for these smaller projects, at a fixed […] Read more
Draft Open Access Norms Can be a Tailwind for New RE Projects: CRISIL Updated On Fri, Sep 3rd, 2021 by Saurenergy The Draft Electricity (promoting renewable energy through Green Energy Open Access) Rules, 2021, announced by the Ministry of Power, if implemented as is, could improve the certainty of cash flows for new renewable energy projects coming up through this route, finds CRISIL ratings. In India, power distribution happens through three modes – state distribution companies, […] Read more
Shell & CoensHexicon to Build 1.4 GW Floating Wind Farm in South Korea Updated On Thu, Sep 2nd, 2021 by Saurenergy Shell Overseas Investment BV, a unit of Dutch oil and gas major Royal Dutch Shell, and CoensHexicon have established a joint venture to fund, develop, and operate MunmuBaram, a 1.4 GW floating offshore wind farm for South Korea. MunmuBaram is expected to power over 1 million homes once it begins operating. The two companies announced their […] Read more
Direct Supply of Solar Power to Railways Can Save 7 Mt Carbon: Study Updated On Wed, Sep 1st, 2021 by Saurenergy The direct supply of solar energy to Indian Railways lines, without the need to connect via the grid, would save almost seven million tons of carbon a year whilst also powering at least one in four train on the national network on competitive terms, a new study by Delhi-based Climate Trends and UK-based green tech […] Read more
Azure Power Q1 Results. 7% QoQ Growth, Back Into Profits Updated On Wed, Sep 1st, 2021 by Saurenergy Azure Power, one of the leading solar power developers from India, and listed on the New York Stock Exchange (NYSE), has announced its Q1 results. The Firm had the following key highlights to showcase: Megawatts (“MW”) Operating* were 2,052 MWs, as of June 30, 2021, an increase of 23% over June 30, 2020. Operating, Contracted & Awarded […] Read more
MNRE Notification Extends Deadline for PM KUSUM Component A Completion Updated On Tue, Aug 31st, 2021 by Saurenergy The Ministry of New and Renewable Energy (MNRE) has published a notification extending the deadline for projects allotted under Component A of PM KUSUM scheme to March 31, 2022. Component A refers to ground mounted projects on barren/waste land owned by farmers or in rural areas, with an overall target of 10,000 MW of such […] Read more
Ready For High Tide At Jakson Group Updated On Mon, Aug 30th, 2021 by Saurenergy At the closely held Jakson Group, known until recently for its prowess in the diesel genset market rather than renewable energy, setbacks are usually taken in stride. The group has faced its share of challenges in a legacy almost as old as Independent India, thanks to its modest beginnings in 1947. The two big disruptions […] Read more
States, Discoms Need To Do More for Success of Grid Connected Options in PMKUSUM, Says Study Updated On Mon, Aug 30th, 2021 by Saurenergy The Indian government has been giving a renewed push to the PM-KUSUM scheme that promises reliable power supply for irrigation. But the proposed solarisation models, especially component A and C that involve grid connectivity have fared poorly so far. A new study by the Council on Energy, Environment, and Water (CEEW) and Shakti Sustainable Energy […] Read more
Record 102 Bidders for 2.6 GW South Africa RE Tender Updated On Fri, Aug 27th, 2021 by Saurenergy The Department of Mineral Resources and Energy (DMRE) of South Africa has received bids from 102 potential project developers, including 63 solar projects, in response to its fifth renewable energy tender. Launched in March this year, this tender was aimed at procuring 2.6 GW of clean energy projects, including 1 GW of solar PV and […] Read more
