ENGIE Completes Fenix’s Acquisition to Bring Affordable Power to Africa Updated On Wed, Apr 4th, 2018 by Saurenergy Through this partnership, Fenix will gain access to ENGIE’s supply chain, expertise, long-term capital investments and talent across the energy value chain. Global utility company ENGIE has completed the acquisition of the off-grid energy leader Fenix International. ENGIE and Fenix have ambitious targets to reach millions of households across Africa and this partnership will accelerate […] Read more
Fraunhofer ISE, EVG Develop New Solar Cell to Convert 1/3 Sunlight into Power Updated On Wed, Apr 4th, 2018 by Saurenergy Silicon solar cells dominate the global photovoltaic market today with a share of 90 percent. The researchers of the Fraunhofer Institute for Solar Energy Systems ISE (Fraunhofer ISE) together with the company EV Group (EVG) have developed a new silicon-based multijunction solar cell, which can convert exactly one-third of the incident sunlight into useful electricity. […] Read more
Govt Issues Clarification on Tariff Based Bidding Process for Solar PV Projects Updated On Wed, Apr 4th, 2018 by Saurenergy The move will allow solar power developers to pass on the burden of any increase in duties on solar equipment to discoms. The Ministry of New & Renewable Energy (MNRE) has issued a notification with respect to ‘Clarification to guidelines for the tariff based competitive bidding process for procurement of power from grid connected solar PV power […] Read more
Cabinet Approval Soon for Rs 50k cr KUSUM Scheme on Solar Farming Updated On Tue, Apr 3rd, 2018 by Saurenergy We would be able to implement the scheme in first half of this fiscal, says Anand Kumar. The KUSUM scheme may soon get the Cabinet nod by this month end and will be rolled out in the first half this fiscal, a senior official said. On the launch of TERI year book, New and Renewable Energy Secretary Anand Kumar said, […] Read more
AboitizPower Enters into Solar Rooftop Space Updated On Tue, Apr 3rd, 2018 by Saurenergy The new unit is already looking at completing several key projects in Luzon and Visayas in 2018, with a target to integrate it closely with the group’s existing open access customers. In a move to expand renewable energy business, Aboitiz Power Corporation (AboitizPower) has entered into the solar rooftop business through a new unit called […] Read more
NV Energy Seeks to Double RE Portfolio by 2023 Updated On Tue, Apr 3rd, 2018 by Saurenergy The company has also exceeded the Nevada’s renewable energy requirement for the eighth year in a row, which currently sits at a 20 percent level. Public utility, NV Energy has set a target to double its renewable energy portfolio by 2023. The company has also exceeded the Nevada’s renewable energy requirement for the eighth year […] Read more
Nextera Energy to Sell its Canadian Renewable Portfolio Updated On Tue, Apr 3rd, 2018 by Saurenergy An affiliate of NextEra Energy Resources will continue to operate all of the facilities included in the transaction under a 10-year services agreement with CPPIB. NextEra Energy Partners has signed a definitive pact with Canada Pension Plan Investment Board (CPPIB) for the sale of its wind and solar generation portfolio in Canada, for about USD 582.3 million. […] Read more
ReNew Power buys Ostro Energy Updated On Mon, Apr 2nd, 2018 by Saurenergy This strategic investment helps ReNew Power further consolidate its position in the fast-growing, Indian clean energy sector. Clean energy firm, ReNew Power has acquired Ostro Energy for an undisclosed amount. The company said in a statement that, “This strategic investment helps ReNew Power further consolidate its position in the fast-growing, Indian clean energy sector.” Concurrent with this transaction, Canada […] Read more
Impose Safeguard Duty on Import of Solar Cells, says ISMA Updated On Mon, Apr 2nd, 2018 by Saurenergy The association has written to the Commerce Ministry favouring the Directorate General of Safeguards (DGS) recommendation of imposition of 70% duty on imports of solar PV cells and modules. The Indian Solar Manufacturers Association (ISMA) has demanded from the government for the imposition of safeguard duty on imports of solar cells and modules, saying it would be significant to […] Read more
