The Return of Reverse Auctions For Wind Energy- Bad News Or Normalcy ? Updated On Tue, Mar 5th, 2024 by Saurenergy Following reports that the government has instructed leading PSU energy developers to return to the reverse auction mechanism for wind energy tenders, SaurEnergy tried to check the veracity of the claim. Without coming on record, it appears that a communication has been sent to that effect, to NTPC, SJVN, NHPC and of course SECI, which […] Read more
Finolex, Hinduja Sign PPA For 8.36 MW Power For 25 Years Updated On Mon, Mar 4th, 2024 by Saurenergy Finolex Industries Limited (FIL) a PVC pipes manufacturing company in India entered into a share purchase agreement for 8.36 MW renewable energy with Mumbai-based Hinduja Renewables (HREPL) and Hinduja Renewables Energy Private Limited (HROPL). This agreement was undertaken between power project developers engaged in the development, construction, operation, and maintenance of renewable energy-based power plants […] Read more
New Electricity Policy To Be Brought In Telangana, Says State Discom Updated On Thu, Feb 22nd, 2024 by Saurenergy In a meeting organized by the Federation of Telangana Chambers of Commerce and Industry (FTCCI), Chief Managing Director (CMD) of Telangana State Southern Power Distribution Company Limited (TSSPDCL) Musharraf Faruqui said that the state government is focusing on releasing the New Electricity Policy. Addressing the gathering, Musharraf Faruqui pointed out that the land cost in […] Read more
JSW Energy Crosses 10 GW Locked-In Capacity With 500 MW LOA From SECI Updated On Tue, Feb 13th, 2024 by Saurenergy JSW Neo Energy Limited or JSW Neo, a wholly owned subsidiary of JSW Energy Limited, recently announced that it received a Letter of Award (LoA) for 500 MW wind capacity from Solar Energy Corporation of India Limited (SECI) JSW received this award against tariff based competitive bid invited for setting up of 1,350 MW ISTS-connected […] Read more
Business Developer Updated On Mon, Feb 12th, 2024 by Saurenergy The position is located at Delhi NCR region, from where you frequently travel throughout India. You report directly to the director of our Indian subsidiary and are assisted by our French team when needed. You have a key position in our Indian subsidiary. Your will be in charge of developing our portfolio of solar projects […] Read more
ALMM Is Back, With Key Exemptions Updated On Sat, Feb 10th, 2024 by Saurenergy The Indian government has tried to strike a balance between key stakeholders with the restoration of the Approved List of Module Manufacturer (ALMM) conditions, albeit with some vital exemptions. In an order dated Feb 9, the Ministry for New and Renewable Energy (MNRE) confirmed that ALMM will be reimposed from April 1, 2024, after being […] Read more
SECI Issues Bids For 4 GW Offshore Wind Projects Near Tamil Nadu Updated On Fri, Feb 2nd, 2024 by Saurenergy The Solar Energy Corporation of India (SECI) has invited bids for the development of offshore wind energy of a total capacity of 4 GW. The bids invited are for four blocks of 1 GW each on an open access basis, for the development of offshore wind power projects off the coast of Tamil Nadu, through […] Read more
China To Hold 80% Wind Deployment In Asia-Pacific In Five Years: Report Updated On Fri, Feb 2nd, 2024 by Saurenergy A recent report by Wood Mackenzie on the renewable energy growth in Asia Pacific market stated, “Despite short-term hurdles such as cost inflation, construction delays and higher interest rates, the economics of offshore wind are improving strongly in the late 2020s. It’s supporting a strong future for the technology in Asia Pacific markets.” The Wood […] Read more
Nextracker Continues Strong Show, Q3 EBITDA Up 168% YoY Updated On Fri, Feb 2nd, 2024 by Saurenergy US based solar tracker firm Nextracker, in its first earnings announcement since turning a completely independent firm has delivered a stellar set of results. Nextracker’s adjusted earnings before inflation, taxes, depreciation and amortisation (EBITDA) in Q3 FY24 reached US$168 million, more than doubling over the EBITDA in the last 12 months with a 168% year-on-year […] Read more
