MERC Allows Compensation To Tata Power Over Hiked GST Rates Updated On Tue, Nov 28th, 2023 by Saurenergy The Maharashtra Electricity Regulatory Commission (MERC) in its latest judgement allowed compensation to Tata Power Green Energy Limited (TPGEL) on account of ‘change of law’ events. The order came to the fore when TPGEL moved the State Commission seeking compensation on account of additional expenses due to increased GST rates. TPGEL, the petitioner in the […] Read more
ReNew Enters November ALMM List With Module Making Facility Updated On Thu, Nov 23rd, 2023 by Saurenergy The November ALMM (Approved List of Module Manufacturers) list issued recently by the Ministry of New and Renewable Energy (MNRE) saw several significant developments. To begin with, there are three new entrants on the latest ALMM list of the ministry, taking the total number of solar module manufacturers in India up from 76 to 79 this month. […] Read more
China Belt & Road Initiative Brings 128GW Power Capacity: Wood Mackenzie Updated On Thu, Nov 23rd, 2023 by Saurenergy A latest report from Wood Mackenzie said that Chinese companies completed over 300 overseas power projects. This was despite challenges causing over 20% of projects to be cancelled or shelved. The report said that these Chinese firms have made an estimated investment value of around US$200 billion, over these 300 projects. The East Asian country […] Read more
Early Stage VC SeaFund Invests in 5 DeepTech Startups Updated On Tue, Nov 21st, 2023 by Saurenergy Early stage focused Seafund Ventures has invested INR 5 crore across five sustainability focused startups. The fund plans to invest 20% of its entire investible corpus in clean energy and the EV value chain including sectors like transportation, logistics and circular economy. SeaFund is currently raising its second fund with a target corpus of INR […] Read more
West Bengal Discoms Operate Without Any Clear Mandate On RPO Updated On Mon, Nov 20th, 2023 by Saurenergy Electricity distribution companies in West Bengal have been struggling on a different front when it comes to their handling of renewable energy portfolios. The state, which has merely 636 MW of total installed renewable power capacity (excluding hydro) till recently, was clueless about its Renewable Purchase Targets (RPOs). Legal complexities and litigations have kept the issue pending, […] Read more
ReNew Commissions First Of 3 ISTS Transmission Projects In Karnataka Updated On Fri, Nov 17th, 2023 by Saurenergy After winning 3 transmission projects in Karnataka to date, ReNew has commissioned the first of those as part of their commitment to build transmission for ~5 GW of wind power, under (Inter State Transmission System) ISTS. Central Transmission Utility (CTU), a Govt. of India owned entity and a wholly owned subsidiary of Power Grid Corporation of […] Read more
UK, German Moves To Support Offshore Wind Point To Challenges Ahead Updated On Fri, Nov 17th, 2023 by Saurenergy Ørsted’s Travails World’s biggest offshore wind energy developer- Danish firm Ørsted on November 1 this year announced ceasing developing two of its proposed offshore wind projects in the United States (US) at the cost of around £3bn in penalties. These projects were slated to come up at New Jersey off the US coast. They had […] Read more
Gensol Engineering Reports 24% Growth in PAT in H1 of FY24 Updated On Wed, Nov 8th, 2023 by Saurenergy Public-listed renewable company–Gensol Engineering Limited released its latest consolidated financial results for the first half of the year and quarter ending September 30, 2023. As per the financial statements of the firm, it reported an 88 percent increase in its revenue in the H1 of FY23 compared to the last H1 of FY23. Founded in […] Read more
Aiming European & US Markets For Exports: Vinaya Shetty, VP, Havells Updated On Wed, Nov 8th, 2023 by Saurenergy How is Havells India performing in the country with its products? Havells started its journey in the solar energy sector in the year 2016. We slowly progressed in operations like distribution and bagged several projects in the Commercial and Industrial (C&I) segment. We have performed exceptionally well in the last four to five years. We […] Read more
