TPREL, SJVN Sign PPA For 460 MW Firm & Dispatchable Project Updated On Sat, May 4th, 2024 by Saurenergy Tata Power Renewable Energy Limited (TPREL), has signed a Power Purchase Agreement (PPA) with SJVN Limited (SJVN), an Indian Public Sector Undertaking (PSU), for a 460 MW Firm and Dispatchable Renewable Energy (FDRE) Project. The plant, designed to meet the 460 MW FDRE requirement, integrates solar, wind, and battery storage technologies to ensure efficient energy […] Read more
Fortum Sells Stake In Indian Solar Portfolio To Gentari Renewables Updated On Fri, May 3rd, 2024 by Saurenergy Finland-based Fortum sold its ownership in the 185-MW Indian solar portfolio and is considering alternatives for its remaining operations in India. Fortum signed an agreement to sell the remaining 43.75% share of its Indian solar power portfolio to Malaysia-based Gentari Renewables India Pte. Ltd., a subsidiary of clean energy solutions provider Gentari Sdn. Bhd. Gentari […] Read more
NTPC-REL Seeks Bids For 900 MW Project In Madhya Pradesh Updated On Fri, May 3rd, 2024 by Saurenergy NTPC Renewable Energy Limited (NTPC-REL) has invited online bids for land and power evacuation packages for a 900 MW ISTS-connected solar project In Neemuch region, Madhya Pradesh. NTPC-REL’s tender document mentioned that the project requires government/private contiguous land of 5 Acres/MW on a freehold/leasehold basis near Neemuch ISTS substation in Madhya Pradesh, the lease period […] Read more
Adani Green Secures USD 400 Mn For 750 MW Power Projects Updated On Fri, May 3rd, 2024 by Saurenergy Adani Green Energy Ltd (AGEL) has announced USD 400 million in financing for its under-construction projects. Through this financing, the company extends support to its under-construction 750 MW solar projects in Rajasthan and Gujarat by a consortium of five leading international banks. The consortium of lenders is financing Adani’s projects that are expected to come online from […] Read more
FY24: India’s Annual Solar Power Generation Increased By 14%: CEA Updated On Fri, May 3rd, 2024 by Saurenergy The Central Electricity Authority (CEA) has now released its annual renewable energy generation report for 2023-24. The report revealed that despite the historic rise of renewable energy in India during FY24, thermal energy sources continued to take the lead in India’s total energy generation. However, the good news is that India’s annual solar power generation increased by […] Read more
Gujarat Construction Firm Acquires 65-Acre Land For Hybrid Power Project Updated On Fri, May 3rd, 2024 by Saurenergy Residential construction company Gujarat Toolroom Limited has announced the acquisition of 65 acres of land on a long-term lease in Gujarat for the establishment of a Hybrid Power Plant. In a regulatory filing, Gujarat Toolroom stated that it has procured a parcel of land spanning 65 acres in Gujarat, earmarked for the construction of a […] Read more
AGEL Arm Wins Compensation Claim From CERC For Rajasthan Wind Solar Hybrid Project Updated On Fri, May 3rd, 2024 by Saurenergy In a petition brought forward as the developer of a 450 MW ISTS connected Wind-Solar Hybrid power project, entered between Adani Solar Energy Jaisalmer One Private Limited (formerly known as SBE Renewables Ten Projects Private Limited) and Solar Energy Corporation of India Limited seeking Change in Law compensation along with Carrying Cost, the CERC had […] Read more
Power Market Update- REC Market Records All-Time Low Price In April Updated On Thu, May 2nd, 2024 by Saurenergy Indian Energy Exchange (IEX), India’s premier electricity exchange achieved 9,044 MU overall volume, in April’24, marking a 14.1% year-over-year increase. The renewable energy certificates (REC) at 618 MU, increased 211% YoY. At Rs. 204 per certificate, the REC market recorded an all-time low price in the trading session held on 24th April 2024. The REC […] Read more
GIPCL Seeks Bids For 500 MW Solar Project In Khavda, Gujarat Updated On Thu, May 2nd, 2024 by Saurenergy Gujarat Industries Power (GIPCL) invited bids from interested parties to participate in a tender for the commissioning of a 500 MW (AC) solar PV plant at Khavda. Gujarat based GIPCL was awarded a 500 MW (AC) Solar Project by GUVNL, to be developed at 2375 MW RE Park located at Great Rann of Kutch, near. […] Read more
