Fotowatio Renewable Ventures Raises $29 Million from IFC to Fund 100 MW Solar Power Projects in Andhra Pradesh Updated On Sat, Apr 29th, 2017 by Saurenergy The Company is building two solar power projects of 50MW each in Andhra Pradesh. The cost of the project is estimated at $119 million which will be funded through a mix of 75 per cent debt and 25 per cent equity. Fotowatio Renewable Ventures (FRV) has raised $29 million (~Rs.1.86 billion) in non-convertible debentures (NCDs) […] Read more
Andhra Pradesh Solar Energy Policy Updated On Wed, Apr 26th, 2017 by Saurenergy Andhra Pradesh Solar Energy Policy Updates 2017 The state’s renewable purchase obligation (RPO) is set at 9 percent in April 2017 by the Andhra Pradesh Electricity Regulatory Commission (APERC) for the financial year FY2017- 2018. Out of the 9 percent, the 6 percent for the non-solar RPO excluding the large hydro. The RPOs up to […] Read more
India’s Solar Energy Capacity Grows by Record 5525 MW Updated On Fri, Apr 7th, 2017 by Saurenergy The latest figures provided by MNRE shows that India has gained a tremendous growth in solar energy capacity by a record 5525.98 MW. According to the latest figures provided by the ministry of new and renewable energy (MNRE), the FY 2016-17 saw India’s solar energy capacity grow by a record 5525.98 MW, while India had […] Read more
India to Add 1 GW of Solar by the End of April at Kurnool Solar Power Park in Andhra Pradesh Updated On Thu, Apr 6th, 2017 by Saurenergy The 1 GW Kurnool Solar Power Park is being implemented by Andhra Pradesh Solar Power Corporation Private Limited under the National Solar Mission Phase-II, Batch-II, State Specific Bundling Program. The entire Kurnool Ultra Mega Solar Power Park of 1 GW capacity is expected to be connected to the grid by the end of April 2017. […] Read more
Kerala, Arunachal Pradesh and Tripura join UDAY Updated On Thu, Mar 30th, 2017 by Saurenergy Further, the States of Arunachal Pradesh and Tripura also joined the scheme for operational improvement of the States’ Power Distribution Departments. With this the total count of States/UTs under UDAY reaches 26. State of Kerala and Kerala State Electricity Board Limited exchanged the Memorandum of Understanding (MOU) under the Scheme Ujwal DISCOM Assurance Yojana (UDAY) […] Read more
India’s McNally Bharat Engineering bags 500MW EPC order in Andhra Pradesh Updated On Wed, Mar 15th, 2017 by Saurenergy McNally Bharat Engineering has bagged a 500 MW solar power project worth Rs. 415.29-crore from Andhra Pradesh Power Generation Corporation Ltd. Kolkata-based engineering firm McNally Bharat Engineering has won a Rs. 415.29-crore solar power project from Andhra Pradesh Power Generation Corporation Ltd. The project entails design, engineering, manufacturing, supply, commissioning and operation and maintenance of […] Read more
ReNew Power Raises $475 Million at Cheaper Cost Updated On Tue, Feb 7th, 2017 by Saurenergy The green bonds yielded 6% at the close of subscription and have helped ReNew Power raise $475 Million. ReNew Power Ventures has raised $475 million by selling green bonds to overseas investors as the solar and wind energy producer plans to refinance debt. The bond yielded 6% at the close of subscription on Monday. The […] Read more
Gamesa to Facilitate Solar and Wind-solar Hybrid Power Projects in Andhra Pradesh Updated On Mon, Feb 6th, 2017 by Saurenergy Spanish firm Gamesa will facilitate investors to set up solar and wind-solar hybrid and wind power projects in Andhra Pradesh. Spanish wind turbine-maker Gamesa will facilitate around Rs 17,500 crore investment in Andhra Pradesh in wind, solar and wind-solar hybrid power projects, said a top official of the company’s Indian subsidiary. “Gamesa will facilitate investors […] Read more
Interview with Gaurav Mathur, Director Sales, Trina Solar India Updated On Sat, Dec 31st, 2016 by Saurenergy Founded in 1997 as a PV system integrator, Trina Solar is one of the leaders in photovoltaic modules, solutions and services. Trina Solar drives smart energy together with installers, distributors, utilities and developers worldwide. The company’s industry-leading position is based on innovation, superior product quality, vertically integrated capabilities and environmental stewardship. Gaurav Mathur, Director Sales, […] Read more
