ACME Solar Appoints Barclays, JPMorgan for private InvIT Updated On Wed, Oct 31st, 2018 by Saurenergy So far, only three companies—L&T Infra, IRB Infra and India Grid Trust—have tapped the InvIT route for fundraising Renewable energy company ACME Solar Holdings Ltd has hired two investment banks as the company looks to start work on its proposed infrastructure investment trust (InvIT) amid a prolonged delay in a planned initial public offering (IPO), […] Read more
Odisha Launches Scheme To Increase Solar Energy Use Updated On Wed, Oct 31st, 2018 by Saurenergy Bhubaneswar: Odisha Chief Minister Naveen Patnaik on Tuesday launched a scheme to increase the use of solar energy in the agriculture sector. Under the “Soura Jalanidhi” scheme, 5,000 solar pumps will be given to farmers with up to 90 per cent subsidy. It will create irrigation potential for 2,500 acres in the state, the Chief Minister […] Read more
Rupee fall puts Rs 28,000 crore solar projects at risk Updated On Wed, Oct 31st, 2018 by Saurenergy With safeguard duty, this can crank up tariffs by 30 paise/unit for future projects Nearly half of the solar power capacities under implementation worth ~Rs 28,000 crore face viability risk because of the continuous fall in the rupee, which has made imported solar modules costlier and increased the cost of setting up solar plants. These […] Read more
Amendment 02 for Setting up of 02 mw Solar Power Project with 01 mwh BESS at Kaza, Himachal Pradesh Updated On Tue, Oct 30th, 2018 by Saurenergy This has reference to the RfS No. SECI/C&P/KAZA/042018 Dated 31.07.2018 for Setting up of 2 MW Solar PV power plant with 01 MW BESS at KAZA, HIMACHAL PRADESH. Tender for Design, Engineering, Supply, Construction, Erection, Testing, Commissioning including 5 Years Plant O&M of 2 MW (AC) Solar PV Power Plant with 01 MW BESS at KAZA, […] Read more
Azure Power Raises over ~US$ 400 Million Since Fiscal First Quarter Updated On Tue, Oct 30th, 2018 by Saurenergy Azure Power has one of the largest solar portfolios in India The Company’s 2GW+ pipeline has a weighted average tariff ~17% higher than the lowest solar bid in the market With the recent equity and debt financings, Azure Power is one of the best capitalized solar companies in India Azure Power (NYSE: AZRE), one […] Read more
HPL Electric & Power Q2 Net Surges 26.1% to Rs 7.8 Cr Updated On Tue, Oct 30th, 2018 by Saurenergy “The consolidated net profit after taxes (PAT) of the company stood at Rs 6.2 crore during the corresponding quarter a year ago,” said HPL Electric & Power. One of the country’s leading electric equipment maker, HPL Electric & Power reported an increase of 26.1 per cent in its consolidated net profit after taxes (PAT) at […] Read more
Smart Meters in Rural India a Win-Win Soln for All: ADB Updated On Mon, Oct 29th, 2018 by Saurenergy ADB decided to support a USD 200 million loan for Energy Efficiency Services Limited (EESL) to implement various demand-side energy efficiency projects in India. International development finance institution Asian Development Bank (ADB) is mulling to scale up satellite communication technology based smart meters projects as it finds it to be a win-win solution for various stakeholders, including […] Read more
Sungrow Creates Awareness about Solar at IIT Patna Updated On Mon, Oct 29th, 2018 by Saurenergy The company said in a statement that, “It recently made a compelling success with an open course held in one of Indian well-known university, Indian Institute of Technology Patna (IITP), under the title solar innovation and contribution.” One of the leading inverter solution suppliers for renewable, Sungrow launched an awareness program about solar at the […] Read more
Delhi Power Minister Launches BSES’ Solar City Initiative Phase-2 Updated On Mon, Oct 29th, 2018 by Saurenergy The BSES said in a statement that, this phase, which will cover the Shakur Basti area, follows the success of the first phase started by the company in Dwarka where around 100 housing societies and apartment complexes have signed up for the initiative. The second phase of Delhi power distribution company BSES’ Solar City Initiative […] Read more
