Amendment in Solar Bidding Norms Positive: ICRA Report Updated On Thu, Apr 5th, 2018 by Saurenergy The MNRE amended the bidding norms for solar projects on April 3 2018, wherein the ‘change in law’ provision now applies to changes in taxation, duties and cess instead of change in taxation as applicable earlier. A report from credit rating agency ICRA says that, the latest amendment in the solar project bidding norms is […] Read more
Freyr Energy Completes First of its Kind 640 KW Solar Rooftop Projects in Manipur Updated On Wed, Apr 4th, 2018 by Saurenergy The project also includes one of the largest off-grid 100 KW battery system in Manipur’s Central Agriculture University. Hyderabad-based solar solutions provider Freyr Energy has completed the 640 KW solar rooftop projects in Manipur including one of the largest off-grid 100 KW battery system in Manipur’s Central Agriculture University. The inverter maximizes solar power generation and […] Read more
Govt Issues Clarification on Tariff Based Bidding Process for Solar PV Projects Updated On Wed, Apr 4th, 2018 by Saurenergy The move will allow solar power developers to pass on the burden of any increase in duties on solar equipment to discoms. The Ministry of New & Renewable Energy (MNRE) has issued a notification with respect to ‘Clarification to guidelines for the tariff based competitive bidding process for procurement of power from grid connected solar PV power […] Read more
Azure Power Wins 200 MW Solar Project in Gujarat Updated On Tue, Apr 3rd, 2018 by Saurenergy The project will be developed by Azure Power outside a solar park and is expected to be commissioned in 2019. Azure Power has announced that it has won a 200 MW solar project in Gujarat. With this win, the Company now has a total portfolio of ~470 MWs in Gujarat with Gujarat Urja Vikas Nigam […] Read more
China’s GCL, Softbank Ink $930 Million Pact to Set up Solar Venture in India Updated On Tue, Apr 3rd, 2018 by Saurenergy According to the MoU, GCL Group and Softbank Investment agree to be directly or through their respective affiliates or subsidiaries in India, will establish a JV in which Softbank Investment (or its affiliates or related companies) is a joint venture company. In a significant development, Japan’s SoftBank Group and Chinese firm GCL Group have […] Read more
ReNew Power buys Ostro Energy Updated On Mon, Apr 2nd, 2018 by Saurenergy This strategic investment helps ReNew Power further consolidate its position in the fast-growing, Indian clean energy sector. Clean energy firm, ReNew Power has acquired Ostro Energy for an undisclosed amount. The company said in a statement that, “This strategic investment helps ReNew Power further consolidate its position in the fast-growing, Indian clean energy sector.” Concurrent with this transaction, Canada […] Read more
Impose Safeguard Duty on Import of Solar Cells, says ISMA Updated On Mon, Apr 2nd, 2018 by Saurenergy The association has written to the Commerce Ministry favouring the Directorate General of Safeguards (DGS) recommendation of imposition of 70% duty on imports of solar PV cells and modules. The Indian Solar Manufacturers Association (ISMA) has demanded from the government for the imposition of safeguard duty on imports of solar cells and modules, saying it would be significant to […] Read more
150 Exhibitors to Showcase at the Third Edition of RenewX in Hyderabad Updated On Sat, Mar 31st, 2018 by Saurenergy The expo will witness a congregation of South India’s green economy community to discuss industry trends, challenges and market insights including the Indian regulatory framework. UBM India, the leading B2B exhibitions organiser announced the third edition of RenewX, a two-day Renewable Energy trade expo slated on April 13 and 14 2018 at the Hitex, Hyderabad. Augmented further by the legacy of its […] Read more
K Sreekant Gets Additional Charge as Director-Finance, NTPC Updated On Fri, Mar 30th, 2018 by Saurenergy He is currently whole-time Director (Finance) of Power Grid Corporation India Limited. Kandikuppa Sreekant, who is currently the Director-Finance of PGCIL India, was given additional charge as Director-Finance of NTPC by the Power Ministry effective from March 19, 2018. “Ministry of Power, through its Office Order No. 8/18/2017-Th-1 dated 28.03.2018, has assigned the additional charge […] Read more
