MNRE Clarifies on Solar-Wind Hybrid Project Proportioning Under RPO Updated On Fri, Nov 8th, 2019 by Saurenergy MNRE has now clarified that, the RPO contribution of Obligated Entities (OE) consuming energy from hybrid wind-solar power plant shall be based on the relative proportion of energy contributed by each source, calculated based on the ratio of declared capacities of each source in the PPA. The Ministry of New and Renewable Energy (MNRE) has […] Read more
U GRO Capital, Sunvest Capital Launch Rs.20 Crore Rooftop Solar Funding Updated On Fri, Nov 8th, 2019 by Saurenergy Capital, the key missing link in so many solar rooftop plans, is finally coming to solar too. In another move to fill the vast gap that exists between potential, demand, and actual supply, SME focused finance start up U Grow Capital has joined hands with Sunvest Capital to provide co lending for solar rooftop and […] Read more
11 GW Solar & 6 GW Wind, RE Installations in India to Peak Next Year Updated On Fri, Nov 8th, 2019 by Saurenergy A new report has predicted that with 11 GW of new solar additions and 6 GW of wind capacity, renewable energy installations in India will peak in 2020 The utility-scale solar segment in India saw an addition of 4 GW in the first three quarters of 2019 and is expected to add another 4.5 GW […] Read more
MERC Draft Regulations Short Circuits Solar Future- Maharashtra Developers Updated On Fri, Nov 8th, 2019 by Saurenergy The Maharashtra Energy Regulatory Authority managed to unite almost the complete developer community in the state after releasing its draft regulations for the state. In the spotlight was its proposal to shift to gross metering for solar rooftop power, which has been met with outright condemnation. In fact, some of the developers went as far […] Read more
Investments in Climate Action Increasing, but not Fast Enough: Report Updated On Fri, Nov 8th, 2019 by Saurenergy A new study shows that while investments in climate action have been steadily increasing, it remains far short of the economy-wide transformation required. Four years after world leaders negotiated the Paris Climate Agreement, national policies and market signals are starting to reflect the urgency of increasing finance into areas of the economy that address climate […] Read more
Azure Power Inks Subscription Pact to Raise $75 Mn Updated On Thu, Nov 7th, 2019 by Saurenergy Gupta further said “with this capital raise, our current committed projects will be fully equity funded.” Country’s one of the largest solar power developers and operators Azure Power has signed a subscription pact to raise USD 75 million via private placement of over sixty four lakh equity shares at USD 11.55 per share to Caisse de depot et placement […] Read more
SECI Extends Deadlines for 2 More Solar Energy Tenders Updated On Thu, Nov 7th, 2019 by Saurenergy SECI has announced the extension in the bid submission deadline for two solar tenders, the 7 GW manufacturing linked and the 1.95 MW with BESS in Lakshadweep. The Solar Energy Corporation of India (SECI) has announced the extension in bid submission deadline for two tenders, the 7 GW manufacturing linked solar tender and the tender […] Read more
The Problem with Rooftop Solar. Discom View Updated On Thu, Nov 7th, 2019 by Saurenergy In the first of a two-part series based on the report, Solar Rooftop, The Discom Perspective, we bring to you the issues, and possible solutions (in part 2) proposed by discoms. The report has been released by TERI and the Shakti Sustainable Energy Foundation. Even as India’s renewable renaissance has stumbled in the past 18 […] Read more
ADB Grants $451 Mn to Strengthen Power Connectivity in Tamil Nadu Updated On Thu, Nov 7th, 2019 by Saurenergy ADB has approved a USD 451 million loan to strengthen power connectivity between the southern and northern parts of the CKIC in Tamil Nadu The Asian Development Bank (ADB) has approved a USD 451 million loan to strengthen power connectivity between the southern and northern parts of the Chennai–Kanyakumari Industrial Corridor (CKIC) in Tamil Nadu, […] Read more
