1 MW Integrated RE Project Inaugurated, Foundation for 100 MW Project Laid in Goa Updated On Mon, Dec 21st, 2020 by Saurenergy Goa Power Minister Nilesh Cabral recently inaugurated the first 1 MW “convergence project” in the UT, and further laid the foundation stone for another 100 MW project. Nilesh Cabral, Minister for Power and New & Renewable Energy, Government of Goa, has recently inaugurated the first “convergence project”, which integrates the delivery of clean renewable decentralised […] Read more
Solar Tariffs Drop to a new low of Rs 1.99/kWh in Latest Gujarat Auction Updated On Mon, Dec 21st, 2020 by Saurenergy The latest round of auctions for 500 MW worth of solar projects in Gujarat has seen tariffs drop to a new low of Rs 1.99/kWh in India. The latest round of auctions conducted by the Gujarat Urja Vikas Nigam Limited’s (GUVNL), for 500 MW worth of solar projects to be developed in the state, has […] Read more
Gujarat’s Borosil Renewables Raises Rs 200 Crore via QIP Updated On Fri, Dec 18th, 2020 by Saurenergy Borosil Renewables has raised Rs 200 crore by issuing 1.58 crore shares through qualified institutional placement (QIP) India’s first and only solar glass manufacturer Borosil Renewables Ltd (BLR) has raised Rs 200 crore by issuing 1.58 crore shares through qualified institutional placement (QIP). As per the company’s statement, BRL has successfully completed fundraising of Rs […] Read more
Amp Energy Expands Tata Hitachi’s Solar Plant, Largest Distributed RE Project in East India Updated On Fri, Dec 18th, 2020 by Saurenergy Amp Energy has expanded Tata Hitachi’s solar plant to 10.5 MW making it the largest BTM (distributed RE) project in Eastern India. Tata Hitachi, a leading construction machinery provider in India has partnered with Amp Energy to set up an onsite solar power unit at their facility in Kharagpur, West Bengal. This project is a […] Read more
NTPC Subsidiary NVVN Tenders for 30 MW Solar Projects in Madhya Pradesh Updated On Fri, Dec 18th, 2020 by Saurenergy NVVN, a subsidiary of NTPC, has issued a tender for commissioning of rooftop/ ground-mounted solar projects worth 30 MW in Madhya Pradesh. NTPC Vidyut Vyapar Nigam (NVVN), a wholly-owned subsidiary of NTPC Ltd, has issued a tender – inviting bids from eligible firms for the commissioning of rooftop/ ground-mounted/ elevated structure solar PV projects worth […] Read more
Ayana Renewable Scoops Up $390 Million In Fresh Funding Updated On Fri, Dec 18th, 2020 by Saurenergy CDC and Eversource Capital-backed Ayana Renewable has announced additional funding of $390 million from its key backers. Ayana Renewable Power, the CDC and Eversource Capital (through Green Growth Equity Fund) backed renewable energy firm, has announced additional funding of $390 million (Rs 2,200 crore)from its key backers. The big change will be the investment from […] Read more
TCCL Report on Renewable Integration & Curtailment: Causes, Solutions and Impact on Project Bankability Updated On Thu, Dec 17th, 2020 by Saurenergy As renewable energy penetration deepens, curtailment issues are rising since the installations are concentrated largely in a few states. The equity IRR could fall below zero if the curtailment exceeds 40% and ADSCR would fall below unity if the curtailment exceeds 20%. The reports deals with the potential solutions including demand side and supply side […] Read more
Uneven Grouping of Renewables Leading to Curtailments in India: TCCL Updated On Thu, Dec 17th, 2020 by Saurenergy Electricity demand in India grew at a CAGR of 5.1% over the last decade from FY 2011 to FY 2019. However, this fell to a mere 1.2% in FY 2020. India was already facing an economic slowdown, with industrial output declining to an 8-year low during the year, but compounded by the impact of the […] Read more
Hartek Solar Secures Order for 1.8 MW Rooftop Solar Project From Bikaji Updated On Thu, Dec 17th, 2020 by Saurenergy Chandigarh-based developer Hartek Solar has announced that it has bagged a 1.8 MW rooftop project from FMCG firm Bikaji. The firm will execute the project right from the installation of solar panels and inverters to supply, design, engineering and commissioning. “Consolidating on its Pan-India presence, Hartek Solar, the rooftop solar division of Hartek Group has bagged a […] Read more
