Green Market Achieves 372.4 MU In Oct Volumes on IEX, As Power Trading Grows 36% YOY Updated On Wed, Nov 3rd, 2021 by Saurenergy In October’21 the electricity market at the Indian Energy Exchange traded 9165 MU volume with 8792 MU in power market and 373 MU in green market, achieving 36% YoY growth, according to a release from IEX. (Indian Energy Exchange). After the mini-power crisis of September, the month also saw a temperance in trading prices, for […] Read more
Fossil-dependent Russia Finally Warms Up To Solar Power Updated On Tue, Nov 2nd, 2021 by Saurenergy Solar energy in Russia might be on the verge of a major expansion, thanks to a government support program for renewable energy sources, The Moscow Times reported industry experts as saying. Russia, the world’s fourth-largest emitter of greenhouse gases, has historically relied on its vast oil and gas reserves to bolster its economy. But the […] Read more
On MP Foundation Day, CM Announces Twin Schemes for Solar Power Updated On Tue, Nov 2nd, 2021 by Saurenergy Madhya Pradesh Chief Minister Shivraj Singh Chouhan announced two new schemes on the 66th Foundation Day of the state, which was celebrated as Madhya Pradesh Utsav with the guiding theme of Atmanirbhar MP on Monday. The two new schemes included Kusum Yojana, under which cooperation will be provided to the local bodies for setting up […] Read more
European Energy Exits 3 Wind Farms in Lithuania Updated On Mon, Nov 1st, 2021 by Saurenergy Danish renewable energy developer and financier European Energy has signed an agreement to sell three wind farms in Lithuania with the total capacity of 185.5 MW to a Lithuanian firm. The agreement is expected to be closed by November end. The wind farms are under construction and consist of a total of 34 GE 158-5.5 […] Read more
Renew Power On Fortune ‘Change The World’ Top 10 list Updated On Mon, Nov 1st, 2021 by Saurenergy ReNew Power (NASDAQ: RNW), has been ranked 10th by Fortune Magazine in its annual “Change the World” list for 2021, the highest rank achieved by an Indian company in this year’s list. The annual list by Fortune recognizes leading businesses that are working to improve human condition even as they pursue their business goal of seeking […] Read more
Mainstream Renewable Wins 1.27 GW of Renewable Projects In South Africa Auctions Updated On Mon, Nov 1st, 2021 by Saurenergy The consortium led by Mainstream Renewable Power has received 50% of the total allocation in the latest round of the South African Renewable Energy Independent Power Producer Procurement Programme (REIPPPP) Making the formal announcement on October 29, the firm announced that twelve of its projects have achieved preferred bidder status in Round 5 of South […] Read more
Proposed Amendment by Power Ministry To Power Corporate and Industrial RE Development Updated On Mon, Nov 1st, 2021 by Saurenergy With 4 stakeholder consultations already held, the proposal by the power ministry to amend the Energy Conservation Act, 2001 is moving ahead. The amendments will have the twin objectives of enhancing demand for renewable energy at the end- use sectors such as Industry, buildings, transport etc, and also support the climate goals commitments of the […] Read more
Microinverter-maker Enphase Energy Earns $351.5 M Revenue in Q3FY21 Updated On Fri, Oct 29th, 2021 by Saurenergy California-based supplier of microinverter-based solar and battery systems Enphase Energy has released its financial results for the third quarter of 2021, reporting quarterly revenue of $351.5 million, along with 40.8% for non-GAAP gross margin. The company shipped approximately 2,599,575 microinverters, or 913 megawatts DC, and 65 megawatt hours of Enphase Storage systems during this period. […] Read more
Tata Power Q2 Results and Presentation. Profits Strong, Revenues Hit By Thermal Drop Updated On Fri, Oct 29th, 2021 by Saurenergy Tata Power Company Limited has reported Consolidated financial results for the period ended September 30, 2021. The firm, at the forefront of the transition to renewable energy from thermal power earlier, has been pushing aggressively to growth capacities, as well as integrate operations around renewable energy. The company reported total income of Rs.10187.33 crores during […] Read more
