CERC Turns Down PSEPL’s Petition Against NTPC to Refund Liquidity Damages Updated On Thu, Sep 22nd, 2022 by Saurenergy The Premise of the Order Power Purchase Agreements dated 04.08.2016 were entered into between the petitioner – Parampujya Solar Energy Private Limited (PSEPL) and the respondent, NTPC. The petitioner is now seeking directions to NTPC Limited to accept the impact of Force Majeure events and extend the Scheduled Commissioning Date of the Project of the […] Read more
APTEL Permits Adani Green To Claim Carry Costs Based On Change In Law Interpretation Updated On Thu, Sep 22nd, 2022 by Saurenergy After facing rejections at the Central Electricity Regulatory Commission (CERC) and State Electricity Regulatory Commission’s (SERCs), Adani Green Energy had something to celebrate early this week when the Appellate Tribunal For Electricity (APTEL) permitted their plea for allowing carrying cost pass-through under the “Change in Law” definition of most PPAs. The Tribunal ordered CERC to […] Read more
Esmito Raises INR 10 Crore In Seed Funding For Battery Swapping Infrastructure Updated On Thu, Sep 22nd, 2022 by Saurenergy EV start-up Esmito has announced that it has raised Rs 10 crore in a seed funding round that was led by Unicorn India Ventures. The funds raised will be utilized for the expansion of battery swapping solutions by Esmito. A part of the funds will also go to strengthen the technology team of the company. […] Read more
Boliden to Reduce Carbon Footprint of Dogger Bank Offshore Wind Farm Updated On Thu, Sep 22nd, 2022 by Saurenergy Swedish mining and smelting company Boliden has announced that the world’s largest offshore wind farm, Dogger Bank, has chosen to use low-carbon copper from Boliden in the high-voltage offshore export cable systems for the third phase of the project which is called ‘Dogger Bank C.’ Boliden said that by using Low-Carbon Copper, the CO2-footprint of […] Read more
Gujarat Becomes 4th State to Meet RE Targets 2022; Maha, AP, UP, MP Fall Short Updated On Thu, Sep 22nd, 2022 by Saurenergy Global thinktank for energy, Ember has published its most recent analytical report, which revealed that by August 2022, India has reached two-thirds of its 175 GW renewable energy goal for the year. Gujarat achieved this goal alongside Telangana, Rajasthan, and Karnataka. The majority of the shortage is made up of four states: Maharashtra, Uttar Pradesh, […] Read more
Citizens Financial Group to Source 100% Renewable Power from Ørsted Updated On Thu, Sep 22nd, 2022 by Saurenergy Rhode Islands-based Citizens Financial Group has announced that it has entered into a power purchase agreement (PPA) with Ørsted to support the construction of the Sunflower Wind Project that will match 100% of Citizens’ power consumption across its entire operational footprint with renewable energy credits. Citizens said the Sunflower Wind Project is a 200 MW […] Read more
Vianode Invests NOK 2 Billion in Battery Materials Plant in Norway Updated On Wed, Sep 21st, 2022 by Saurenergy Active anode materials manufacturer in Vianode has announced that it will invest around NOK 2 billion in its first industrial-scale plant for sustainable battery materials at Herøya in Norway. Vianode is a company owned by the three firms, namely, Elkem, Hydro and Altor. Vianode said that the investment will create new industrial jobs and provide […] Read more
Quantron AG Launches Longest-Range Hydrogen, Electric Trucks Updated On Wed, Sep 21st, 2022 by Saurenergy Germany-based Quantron AG, a system provider of clean battery and hydrogen-powered e-mobility for commercial vehicles, said that it will be presenting a number of zero-emission commercial vehicles in this year’s IAA Transportation vehicle show in Hanover. The said vehicles, which are based on the two self-developed hydrogen and battery-electric platforms respectively, are currently among the […] Read more
What Are Climate Bonds? Updated On Wed, Sep 21st, 2022 by Saurenergy According to the United Nations’ Intergovernmental Panel on Climate Change estimates, limiting the global temperature increase to 2 degree Celsius, the goal of the Paris Agreement, will require about $3 trillion of investment every year to 2050. Raising such huge investments is a challenge. To tackle it, governments and corporations are increasingly turning to Climate […] Read more
