MNRE Extends Timeline for Implementing 40 GW ‘Solar Parks and Ultra Mega Solar Power Projects’ Scheme to 2021-22 Updated On Thu, Jul 5th, 2018 by Saurenergy The timelines of the scheme is extended from 2019-20 to 2021-22 without any additional financial implication. The Ministry of New and Renewable Energy (MNRE) has extended the timeline for the implementation of 40 GW scheme for developing solar parks and ultra mega solar power projects from 2019-20 to 2021-22. The MNRE said in a statement […] Read more
Znshine Becomes 1st Chinese PV Modules Supplier to Win Contract from BHEL Updated On Thu, Jul 5th, 2018 by Saurenergy Moreover, this contract win also represents a critical step for the Chinese modules supplier as it moves towards expanding its footprints in the Indian market. Chinese photovoltaic (PV) solutions supplier ZNShine Solar has won the bid to provide 37.5 MW of PV modules to Bharat Heavy Electricals Ltd (BHEL), India’s largest power generation equipment maker. Further, the deal […] Read more
Subsidies in Power Sector Should be Routed via DBT: RK Singh Updated On Wed, Jul 4th, 2018 by Saurenergy The Power Minister said, center is ready to provide more funds if needed for infrastructure creation and the states meeting their targets speedily will be incentivized. The Power and New & Renewable Energy Minister R. K. Singh said that subsidies in power sector should be routed through Direct Benefit Transfer (DBT). While addressing the Conference of […] Read more
India Plans to Auction 40 GW Renewables Per Year for Next 10 Years Updated On Mon, Jul 2nd, 2018 by Saurenergy “We have to do 350 GW in solar (to meet demand by 2030), of which 100 GW is planned till 2022. So we have to bid out at least 30 GW each year from 2020 onwards to achieve additional 250 GW.” To boost the local manufacturing and help developers of the country, India has decided […] Read more
Radite Energy Secures 70 MW Solar Project from Azure Power Updated On Sat, Jun 30th, 2018 by Saurenergy This is the third biggest order in continuation that the company has secured from Azure Power after completion of projects in Andhra Pradesh and Gujarat, as confirmed by the company’s spokesperson. In a significant development, Gurgaon based Radite Energy has bagged 70 MW solar project from Azure Power for Pavagada solar park located in Karnataka. This […] Read more
ISA Sends Positive Market Signals, says Suresh Prabhu Updated On Fri, Jun 29th, 2018 by Saurenergy While speaking at the Renewable Energy Dialogue in New Delhi, the Minister of Commerce & Industry and Civil Aviation, Suresh Prabhu, said that India is running one of the largest and most ambitious renewable energy capacity expansion programmes in the world. Commerce & Industry Minister Suresh Prabhu said that International Solar Alliance (ISA) is sending […] Read more
Green Certificates Sales Dip 32% on Power Exchanges in June Updated On Fri, Jun 29th, 2018 by Saurenergy The IEX and PXIL sold 5,09,744 and 3,86,485 RECs respectively, totalling 8,96,229 RECs in June during the recent auction. The sale of Renewable Energy Certificates (RECs) has dropped 32 percent to 8.96 lakh in June against 13.15 lakh in May this year on Indian Energy Exchange and Power Exchange India Ltd, according to an official data. Further, the Renewable Purchase Obligation (RPO) is […] Read more
Hyundai Mulls to Roll Out EVs from its Chennai Plant Updated On Fri, Jun 29th, 2018 by Saurenergy Further, Hyundai Motor India Ltd (HMIL) is also targeting to cross the 10 million milestone in the first quarter of 2021. South Korean multinational auto maker Hyundai is mulling to roll out electric vehicles (EVs) from its plant in India, which is set to become one of its global regional headquarters with more responsibility for local […] Read more
TMEIC India Exceeds 100 MVA in UPS Orders Bagged in Record 2 Yrs Updated On Thu, Jun 28th, 2018 by Saurenergy TMUPS, our patented innovative multi-level circuit concept and unique power module technology help our UPS systems to deliver superior performance, says Anurag Mathur. TMEIC Industrial Systems India (TMEIC India) has exceeded 100 MVA in Uninterruptible Power Supply (UPS) orders received in a record time of two years. Now, it became a highly preferred player in […] Read more
