Exempt 100% Of ISTS Charges For RE Power Till 2030: IEEFA Updated On Thu, May 23rd, 2024 by Saurenergy The Institute for Energy Economics and Financial Analysis (IEEFA) and JMK Research and Analytics have prepared and shared a list of key recommendations that the new Union government post-elections should take up in the first 100-days to reach the renewable energy targets up to 2030. As per the Indian government’s own target it wants to […] Read more
Soleos Solar Energy Secures Rs 48.5 Crore Renewable Energy Funding Updated On Thu, May 23rd, 2024 by Saurenergy Soleos Solar Energy has announced that it has raised Rs 48.5 crore for portfolio development and working capital for the renewable energy business. According to a release from Soleos Solar Energy, participants in the investment round included Faruk G Patel, CMD of KP Group, Pawan Agarwal, Head of PCG at InCred Capital, Madhuri Madhu Kela, […] Read more
Open Access Charges: When Solar Fails To Deliver Promised Savings Updated On Thu, May 23rd, 2024 by Saurenergy The concept of open access in the electricity market was introduced to foster competition and provide consumers with the freedom to choose their electricity suppliers. However, despite the potential for savings, the reality is that net landed solar electricity often does not result in significant cost reductions for end consumers. This outcome is largely due […] Read more
News Briefs May 22 – KKR Funds Origis Energy, Motovolt, Cleanleaf Energy Updated On Wed, May 22nd, 2024 by Saurenergy Cleanleaf Energy Secures O&M Contracts for 350 MW Solar Projects in Georgia and Pennsylvania New agreements to supply operations and maintenance (O&M) services for utility-scale solar projects totaling 350 MW in Georgia and Pennsylvania have been announced by Cleanleaf Energy, formerly known as Borrego O&M. Heelstone Renewable Energy is the owner of these projects, which […] Read more
Delicensing Power Distribution Can Boost RE Adoption: ORF Report Updated On Wed, May 22nd, 2024 by Saurenergy A recent report by the Observer and Research Foundation (ORF) said that the delicensing of power distribution could boost the adoption of renewable energy. The report widely analyzed the implications of adoption of delicensing of power distribution in the country. The researched argued that with more private sector entry with their green pricing models are […] Read more
AI’s Growing Energy Footprint: The Hidden Cost of Our Digital Future Updated On Wed, May 22nd, 2024 by Saurenergy It’s time to talk about Artificial Intelligence (AI), and its possible impact on the environment. Convenient as it may be, AI is an energy hog. A single ChatGPT query requires 2.9 watt-hours of electricity, compared with 0.3 watt-hours for a Google search, according to the International Energy Agency. At present, data centers worldwide consume 1-2% […] Read more
Five Solar Startups Using AI To Make An Impact Updated On Tue, May 21st, 2024 by Saurenergy If tech in the 2020s had to be defined by a phrase, it’d be Artificial Intelligence or AI. With every product nowadays coming out with some form of AI, it’s not surprising to see AI make its way to solar as well. In particular, startups have been at the forefront of the AI revolution for […] Read more
UPERC Grants Compensation To SAEL For Increased GST Rates Updated On Tue, May 21st, 2024 by Saurenergy The Uttar Pradesh Electricity Regulatory Commission (UPERC) in its latest judgement allowed compensation to SAEL Limited, a solar power generator. The company had earlier moved the state power regulator seeking compensation on account of increase in its project cost due to the rise of Goods and Services Tax (GST). The company had installed a 32 […] Read more
JA Solar Supplies 480MW PV Modules To Project In Chile Updated On Tue, May 21st, 2024 by Saurenergy The CEME1 480MW Project, one of the large photovoltaic (PV) installations in Chile has reached full capacity grid connection. PowerChina Huadong Engineering Corporation Limited, the contractor of the project, utilized modules from Chinese major JA Solar, emphasizing the role of its technology and products in project’s construction. Spanning approximately 400 hectares—an area equivalent to 370 […] Read more
