IEX Q4 and FY 2022 Results; Profit Grows 50% on 36% Growth in Topline Updated On Thu, Apr 28th, 2022 by Saurenergy India’s premier energy exchange, IEX has announced its fourth quarter and full year results for FY22. Key Highlights from the results are: (* All amounts are represented in the table are in Rs Crores) Particulars Q4FY21 Q4FY22 YoY FY21 FY22 YoY Electricity Volume (in BU) 22.4 24.8 10.5% 74.0 95.6 29.2% REC Certificates […] Read more
The Discom Love For EV charging Versus Rooftop Solar Illustrates The Challenge For Solar Updated On Tue, Apr 12th, 2022 by Saurenergy As the world moves well into 2022, possibly one of the hottest years in a lifetime for most people on the planet, it is an important time for introspection here in India. Introspection is needed on just why and how we missed our renewable energy targets, especially those pertaining to solar power. After all, 2022 […] Read more
Oriano Clean Energy to Develop 40MWp Solar Power Projects for Shree Cement Updated On Tue, Apr 12th, 2022 by Saurenergy Mumbai based clean tech company Oriano Clean Energy Private Limited has announced that it has secured an order from Rajasthan based Shree Cement Limited (SCL) to develop about 40 MWp of solar power projects under Captive Open Access Mechanism. The contract is specifically for the building of solar PV projects of 30 MWp (2 x […] Read more
Deferment of ALMM Policy: A much awaited but temporary relief to the solar market Updated On Mon, Apr 11th, 2022 by Saurenergy India had ambitioned to achieve 100 GW of solar installation by 2022. However, as per MNRE, we had achieved only 51 GW of solar by Feb 2022. While we haven’t met the goal, there has been meaningful and significant growth in the overall solar industry. Also, the Government has set a steeper target of 280 […] Read more
Indian Oil, L&T, ReNew Power in JV For Green Hydrogen Updated On Mon, Apr 4th, 2022 by Saurenergy In a bid to enable India’s decarbonization push, Indian Oil Corporation Ltd., (IndianOil), the country’s top refiner and fuel retailer, Larsen & Toubro (L&T), India’s premier engineering & construction conglomerate, and ReNew Power (“ReNew”), India’s leading renewable energy company, announced signing of binding term sheet for the formation of a Joint Venture (JV) company to develop the nascent green hydrogen […] Read more
DISPA recommends keeping C&I projects outside ambit of ALMM List Updated On Mon, Mar 28th, 2022 by Saurenergy In response to a petition filed by the Distributed Solar Power Association (DiSPA), the Delhi High-Court has sought clarification from the Ministry of New and Renewable Energy (MNRE), on the provisions they have made to protect ongoing projects, which could be negatively impacted with the extension of ALMM to projects under open access and net […] Read more
Senior Consultant/ Manager – Power & Renewable Energy Updated On Wed, Mar 23rd, 2022 by Saurenergy We seek a highly motivated and experienced Senior Consultant/ Manager – Power in our New Delhi, India office to lead our work in energy markets. We seek candidates who will help us grow ICF’s energy market business, building on our established team and leveraging ICF’s broad energy sector capabilities in power and fuels markets. The […] Read more
SunSource Energy Commissions First Phase of Bijnor Solar Power Project Updated On Wed, Mar 23rd, 2022 by Saurenergy SunSource Energy has announced that the company has commissioned the first phase of the 45 MW solar energy project in Uttar Pradesh. SunSource is one of the leading companies in the distributed solar sector and the commissioned project is situated in the Shivala Kalan Village of Bijnor District. It’s an open access project. The company […] Read more
MERC rules for transmission charges to be paid even where ISTS not used by generator Updated On Mon, Mar 21st, 2022 by Saurenergy In a recent judgement published on March 18, the Maharashtra Electricity Regulatory Commission (MERC) has ruled with the state discom on a plea by a wind generator. MERC’s order rejected Minex Metallurgical Pvt. Ltd.’s plea for the non levy of transmission charges and refund of transmission charges “wrongly levied” by Maharashtra State Electricity Distribution Co. […] Read more
