Daily News Wrap up: SECI’s FDRE Tender Breaks New Ground With sub 5 Tariff at Rs 4.98/unit

RENEWABLE ENERGY NEWS

SECI’s FDRE Tender Breaks New Ground With sub 5 Tariff at Rs 4.98/unit

In a historic moment, the country has witnessed awarding of Firm and Dispatchable Renewable Energy (FRDE) contracts at tariffs as low as Rs 4.98 per unit. This came in response to a tender issued by the Solar Energy Corporation of India (SECI) for a 630...Read more.

Green Stocks July 26: Green Energy firms follow the market to head higher

On a great day for the equity markets, green energy stocks followed the trend, with only Adani Green Energy, after a great day yesterday, correcting, along with Waaree Renewable Technologies.? KPI Green Energy, Tata Power and SJVN all gained 5% or more, to stand out...Read more.

Global Solar Tracker Shipments Grew By 28% In 2023 to 92 GWdc

Global Solar tracker shipments grew by 28% in 2023 to 92 gigawatts direct current (GWdc), reflecting a strong year for utility-scale solar in most regions across the world. The top ten vendors accounted for 90% of the global market share, according to Wood Mackenzie’s ‘Global...Read more.

Rajasthan To Allows Pvt Edu Centers To Use Net-Billing During Vacations

The Rajasthan Electricity Regulatory Commission (RERC) has now approved its proposal to allow educational institutions in Rajasthan (including private entities) to use net-billing provisions for their rooftop solar connections. Earlier, the Commission had brought out a draft regulation to allow educational institutions to use the...Read more.

REC Gets National Feeder Monitoring System Control Centre

Union Power Minister Manohar Lal Khattar inaugurated National Feeder Monitoring System (NFMS) Control Centre on REC Limited’s at its 55 Foundation Day. Shripad Yesso Naik, Minister of State for Power and New & Renewable Energy was also present in the event. Vivek Kumar Dewangan, CMD,...Read more.

Q1 Results: IEX Registers 26% Growth In Net Profits On YoY

Indian Energy Exchange (IEX) has published its financial results for Q1 of FY25. The latest filing by the energy exchange at BSE revealed that the company registered a 26 percent growth in its net profits on a Year-on-year (YoY) basis. However, its net profits on...Read more.

SWREL Gets Two Projects In Rajasthan And Karnataka

Leading EPC firm Sterling and Wilson Renewable Energy Limited (SWREL), received two domestic orders. One order is for an EPC project for a GWH-scale stationary battery energy storage project in Rajasthan. This project is for a 500 x 2 (1,000 MWhr) standalone BESS plant in...Read more.

SAEL Makes Debut In Global Bond Markets With $305mn Green Bond

SAEL group has successfully issued its debut US dollar-denominated bonds in the international markets. This bond marks the group’s first issuance in the international capital markets, providing the Company access to a deep, alternative pool of liquidity to complement funds available through domestic Indian lenders,...Read more.

Emcure Pharma Signs Up PPA With Sunsure For Solar Power

Emcure Pharmaceuticals Ltd., one of the leading Indian pharmaceutical company with a differentiated product portfolio, together with its subsidiary Gennova Biopharmaceuticals Limited has announced the signing of a 22.78 MWp DC Solar Power Purchase Agreement (PPA) with Sunsure Energy, a leading renewable power producers in...Read more.

EV'S & STORAGE NEWS

SJVN Secures First Pumped Storage Project In Mizoram

SJVN recently announced that it received a Letter of Intent (LoI) for the allotment of the 2,400 MW Darzo Lui Pumped Storage Project (PSP) from the Mizoram government. This is the first project of the company in Mizoram. The SJVN project is spread across Darzo Nallah,...Read more.

India Finds Lithium Resources in Madhya Pradesh, Karnataka

Minister of State For Earth Sciences Jitendra Singh in his recent statement before the Parliament talked about the steps taken by the government to expedite the exploration of Lithium in areas beyond Jammu and Kashmir and Rajasthan. The minister?shared that Atomic Minerals Directorate for Exploration...Read more.