With $500 million of Production Tax Credits, 600 MW Solar Project Moves Ahead In US Updated On Thu, Feb 1st, 2024 by Saurenergy Vesper Energy, a developer, owner, and operator of utility-scale renewable energy assets, has announced the closing of financing for its Hornet Solar project. The asset will deliver renewable energy to communities throughout Texas, provide grid stability, and mitigate price volatility in Electric Reliability Council of Texas (ERCOT) which provides power to the grid in the […] Read more
Sembcorp Awarded 450MW Wind-Solar Hybrid Project In India Updated On Wed, Jan 24th, 2024 by Saurenergy Sembcorp Industries (Sembcorp) a wholly owned renewables subsidiary of Green Infra Wind Energy Limited (GIWEL), recently announced that it received a Letter of Award (LOA) for its 450MW Inter-State Transmission System (ISTS) wind and solar hybrid project. The firm received the LOA from the Solar Energy Corporation of India (SECI). Sembcorp’s Build-Own-Operate (BOO) project was […] Read more
Punjab To Review Power Agreement For Purchase Of Solar Power Updated On Tue, Jan 23rd, 2024 by Saurenergy Punjab CM Bhagwant Mann has announced to review the purchase power agreement for the purchase of solar power in the state. Mann said that the state government is now purchasing solar power at Rs 2.54 instead of purchasing it at Rs 15 as was done during the tenure of earlier governments in Punjab. In a […] Read more
SECI Invites Bids For Setting Up 1500MW ISTS Solar Power Projects Updated On Fri, Jan 19th, 2024 by Saurenergy The Solar Energy Corporation of India (SECI), a Central government enterprise, has invited proposals for setting up Inter-State Transmission System (ISTS)-connected solar projects in India for an aggregate capacity of 1500 MW on a Build- Own-Operate (BOO) basis. Further, SECI will enter into a Power Purchase Agreement (PPA) with the successful bidders selected based on […] Read more
Govt Extends Benefits To Open Access Consumers, Notifies New Rule Updated On Fri, Jan 12th, 2024 by Saurenergy The Ministry of Power has amended its Electricity (Second Amendment) Rules 2023 and inserted new provisions to regulate the sector. These new provisions are related to the rules related to the General Network Access (GNA) and Open Access Consumers in the country. In its newly amended rules, the ministry talked about the additional surcharge for open access […] Read more
NHPC Awards 250MW Rajasthan Solar Project To Apraava Energy Updated On Thu, Jan 11th, 2024 by Saurenergy The National Hydroelectric Power Corporation (NHPC) awarded a 250 MW Inter-State Transmission System (ISTS) connected solar energy project in Rajasthan to Apraava Energy. Apraava Energy, an integrated energy solutions provider, announced receiving the order today. The project order through the e-reverse auction mechanism at a walk-out tariff of INR 2.53 per kWh is scheduled to be completed within […] Read more
Inox Wind Receives LoI For 50 MW Gujarat Wind Project from NLC India Updated On Tue, Jan 9th, 2024 by Saurenergy Indian wind energy solutions company Inox Wind Limited (IWL) today announced receiving a Letter of Intent (LoI) for executing a 50 MW ISTS (Inter-State Transmission System)-connected wind power project on a turnkey basis from NLC India Limited. NLC India is a Central Public Sector Utility (CPSU). As part of the project, Inox Wind will supply, install, and […] Read more
CERC Rejects Punjab Discom’s Plea To Penalize Adani Green Over Delays Updated On Wed, Jan 3rd, 2024 by Saurenergy The Central Electricity Regulatory Commission (CERC), in its latest judgement declined the petition of Punjab State Power Corporation Limited (PSPCL) against Adani Green Energy. The Punjab discom had pleaded with the CERC to reduce the tariff of 50MW of a Gujarat-based wind power project developed by Adani Green due to the delay in the commencement of the […] Read more
SECI Issues Tender For 1500 MW Of ISTS-Linked Solar Projects Updated On Tue, Jan 2nd, 2024 by Saurenergy The Solar Energy Corporation of India (SECI) has issued a tender seeking developers to establish solar-generating projects for the Inter-State Transmission System (ISTS). The central entity sought the tender under the tariff-based competitive bidding mode. As per SECI’s mandate, the developers would develop the projects under Build Own Operate (BOO) basis for an aggregate capacity […] Read more
