Sale of Green Certificates Surges 79% by 8.38 Lakh Units in March Updated On Mon, Apr 13th, 2020 by Saurenergy The sale of renewable energy certificates (RECs) increased more than 79 percent to 8.38 lakh units during March 2020 mainly on account of good supply. During the month of March in 2019, 4.68 lakh units of renewable energy certificates were sold, as per the official data. RECs are market-based instruments, and a REC is created […] Read more
Ørsted Announces Completion of 338 MW Wind Project in Texas Updated On Mon, Apr 13th, 2020 by Saurenergy Ørsted has announced that it has completed its Sage Draw Wind project, a 338MW wind farm that straddles Garza and Lynn Counties in Texas. Ørsted has announced that it has completed its Sage Draw Wind project, a 338 MW wind farm that straddles Garza and Lynn Counties in Texas. The 120-wind turbine project will have […] Read more
Ikea Parent Firm Acquires Stake in 403 MW US Solar Projects Updated On Mon, Apr 13th, 2020 by Saurenergy The Ingka Group (owner and operator of 380 IKEA stores in 30 countries), has taken over two solar PV projects in the US worth a combined 403 MW generation capacity. Ingka Investments, the investment arm of Ingka Group (owner and operator of 380 IKEA stores in 30 countries), has taken over two solar photovoltaic (PV) […] Read more
L&T Bags Orders worth Rs 5,000 – Rs 7,000 Cr for Power Transmission, Solar Biz Updated On Sat, Apr 11th, 2020 by Saurenergy Multinational conglomerate Larsen & Tourbo’s Construction arm, L&T Construction, said that it has won major contracts worth Rs 5,000 to Rs 7,000 crore for its businesses including power transmission & distribution (PT&D) and solar in India as well as overseas. The company has got a prestigious order in Kuwait to upgrade substations and related power […] Read more
SECI Powers On with RFS For 2500 MW Project at Karnataka Updated On Sat, Apr 11th, 2020 by Saurenergy The Solar Energy Corporation of India (SECI) yesterday issued a Request for Selection (RfS) document for selection of solar power developers for setting up of 2500 MW ISTS-Connected Solar PV Power Projects at Ultra Mega Renewable Energy Power Park (UMREPP) in Koppal District, Karanataka under Tariff-based Competitive Bidding (ISTS-X). Approximately 13000 Acres of land on […] Read more
Norway Okays Equinor’s Floating Wind Farm Plan Updated On Thu, Apr 9th, 2020 by Saurenergy The Norway’s Ministry of Petroleum and Industry has provided its go-ahead for the Equinor’s plan to develop and operate its Hywind Tampen wind farm. Now, the Snorre and Gullfaks platforms will be the first platforms in the world to receive power from a floating offshore wind farm. This Hywind Tampen wind farm is expected to […] Read more
Stolen by Covid. Woodmac Projects 3 GW Hit on Solar, Wind Due to Lockdown Updated On Mon, Apr 6th, 2020 by Saurenergy Wood Mackenzie, the global industry tracker, in its latest report today has projected that India could face over 21.6% or 3 gigawatts (GW) of solar photovoltaic (PV) and wind installations delays as a result of the country’s lockdown. Wood Mackenzie principal analyst Robert Liew said: “The timing of the lockdown is unfortunate as Q1 is […] Read more
MNRE Asks States to not Halt Payments for RE Generators Updated On Fri, Apr 3rd, 2020 by Saurenergy MNRE has asked states to continue to buy power from renewable energy producers and clear their dues on a regular basis as was being done prior to the lockdown The Ministry of New and Renewable Energy (MNRE) has asked states to continue to buy power from renewable energy producers and clear their dues “on a regular basis […] Read more
As Power Demand Slumps, RE Generators Brace For Impact Updated On Thu, Apr 2nd, 2020 by Saurenergy The coronavirus pandemic has created some of the most unprecedented situations ever faced by the energy sector in India. For one, demand has never dropped off as steeply as it has in March. For possibly the first time ever in living memory, a slump in global oil prices has stopped delivering any revenue benefits to […] Read more
