JSW, UPPCL Sign 1,500 MW Pumped Hydro Storage PPA Updated On Thu, May 1st, 2025 by Saurenergy JSW Neo Energy Limited, a JSW Energy subsidiary, signed a Pumped Hydro Storage Power Procurement Agreement (PHSPPA) with Uttar Pradesh Power Corporation (UPPCL) for the procurement of 1,500 MW / 12,000 MWh of pumped hydro energy storage. The PHS PPA would be used to supply energy storage capacity for 40 years. As per the order, […] Read more
Suzlon Wins 378 MW Order From NGEL, Pact Grows To 1.544 GW Updated On Wed, Apr 23rd, 2025 by Saurenergy Suzlon Group has secured a 378 MW wind project order from NTPC Green Energy Ltd (NGEL), expanding its total partnership capacity with the public sector utility to 1,544 MW. The win comes even as a key Industry body has predicted additions of 6-7 GW in wind capacity in Fy 26 for India. This marks Suzlon’s […] Read more
European RE PPA Market Adds 19 GW New Capacity In 2024 Updated On Thu, Apr 17th, 2025 by Saurenergy The European renewable energy Power Purchase Agreement (PPA) market saw a strong recovery in 2024, with nearly 19 gigawatts (GW) of new capacity contracted, according to Wood Mackenzie’s latest Europe Renewables PPA Tracker report. The report highlights a surge in PPA activity, with Spain and Germany leading the market, accounting for 30% of total capacity. […] Read more
Q4 FY25: IREDA Posts ₹1,699 Cr Annual Profit, Up 36% YoY Updated On Wed, Apr 16th, 2025 by Saurenergy The Indian Renewable Energy Development Agency (IREDA) records an annual profit after tax (PAT) of ₹1,699 crore for the financial year ended March 31, 2025, marking a 36% jump from the previous year. The state-run green financing firm said PAT for the fourth quarter (Q4 FY2024) rose 49% year-on-year to ₹502 crore. Profit before tax […] Read more
BrightNight, Hero Future Energies Inks PPA With NTPC For FDRE Project Updated On Wed, Apr 16th, 2025 by Saurenergy BrightNight has signed a power purchase agreement (PPA) with state-run NTPC to supply 110 MWac of firm and dispatchable renewable energy (FDRE) over 25 years. The company said, “The energy will be delivered from a 350 MWp solar-wind hybrid project integrated with a 100 MWh battery energy storage system in Rajasthan, and connected via the […] Read more
FY25: Adani Green Energy Operational Capacity Reaches 14.2 GW Updated On Tue, Apr 15th, 2025 by Saurenergy Adani Green Energy Ltd (AGEL) reported a 30% year-on-year increase in operational capacity to 14.2 GW in FY25, with an additional 1 GW nearing completion, the company said in its provisional operational update. The company in a recent update shared, “Adani’s energy sales rose 28% year-on-year to 27,969 million units during the fiscal year, driven […] Read more
BC Jindal Forays Into RE Component Manufacturing With ₹4,000 Cr Investment Updated On Tue, Apr 15th, 2025 by Saurenergy BC Jindal Group has announced its entry into component manufacturing for renewable energy power generation. In the first phase of the project, the group aims to deploy an investment of Rs 4,000 crore to kickstart its renewable energy component manufacturing venture. This phase will include setting up 2 GW of solar cell manufacturing/ solar module […] Read more
Serentica, NTPC Sign PPA To Supply 200 MW FDRE To UP DISCOMs Updated On Tue, Apr 15th, 2025 by Saurenergy Serentica Renewables has signed a power purchase agreement with state-run NTPC Ltd to supply 200 MW of firm and dispatchable renewable energy (FDRE) to Uttar Pradesh’s distribution companies (DISCOMS). The project will combine solar, wind, and battery storage assets across multiple states to deliver on-demand renewable power, particularly during the state’s morning and evening peak […] Read more
What Led to the Surge in REC Purchases by DISCOMs? Updated On Fri, Apr 11th, 2025 by Saurenergy Union Minister of State for New and Renewable Energy Shripad Yesso Naik, in his latest statement before the Parliament, indicated that the Renewable Energy Certificates (RECs) have seen an upsurge. He attributed this surge to the changes in policy, which have made it more favorable for the power distribution companies (discoms) in the state. He […] Read more
