Lower Incentives for Chinese Solar Developers to Benefit India, says ICRA Updated On Thu, Jun 7th, 2018 by Saurenergy Revision in feed-in tariff rates and imposition of installation caps for solar power projects by the Chinese government is expected to negatively affect the demand for solar modules in China. Credit rating agency ICRA said that the reduction in subsidies for solar energy projects in China will benefit Indian solar independent power producers (IPPs) with softer module prices. The agency said in a statement […] Read more
MNRE Modifies Guidelines for Selection of Solar Park Developers Updated On Fri, May 25th, 2018 by Saurenergy The new amendments by the MNRE have also dropped the requirements under which the state government was obliged to buy 20% of the power from the distribution companies (DISCOMs). Thus it would no longer be required to get a commitment from the state government to buy at least 20% of the total power produced in […] Read more
Azure Power Reaches New Milestone; Crosses 2 GW Solar Portfolio Updated On Tue, May 22nd, 2018 by Saurenergy As per the tender terms, the company will sign a 25 year Power Purchase Agreement (PPA) with Mahagenco at a tariff of Rs 3.07 (~US 4.7 cents) per kWh. Yet adding another feather in the cap, Indian solar power producer, Azure Power, has enhanced its portfolio by crossing the 2 GW milestone by winning four […] Read more
TEDA Seeks Bids for Solar Parks in Tamil Nadu Updated On Fri, May 11th, 2018 by Saurenergy TEDA has set three objectives for development of solar parks in the state such as develop quality infrastructure for solar energy, bring appropriate technology to achieve optimum efficiency, and achieve energy security in the state of Tamil Nadu. Riding on the ‘Vision Tamil Nadu 2023’ for renewable energy and the renewable energy purchase Obligations (RPO) […] Read more
Gujarat Hints India’s Largest Solar Park Updated On Tue, May 1st, 2018 by Saurenergy The bottlenecks for the development of park are likely to be less as the state has already procured the land identified for the project. The project will be able to move at a rapid pace. Government officials also reportedly said that no separate environmental clearance would be required either. The sun-borne state of India, Gujarat […] Read more
Diu Becomes India’s 1st Smart City to Run on 100% Renewable Energy during Daytime Updated On Tue, Apr 24th, 2018 by Saurenergy The Ministry of Housing & Urban Affairs said in a statement that until last year, Diu had been importing 73 percent of its power from Gujarat state. Diu Smart City has become the country’s first city to run completely on renewable energy during daytime setting a new benchmark for other cities to become clean and green. […] Read more
Everstone Group, Lightsource BP Form 50:50 JV to Invest in Indian Green Infrastructure Updated On Thu, Apr 19th, 2018 by Saurenergy The newly formed JV will provide the funds with the financial and strategic resources of the partners aiming to create successful green energy businesses in partnership with local management teams. Indian private equity fund Everstone Group and British solar parks developer Lightsource BP has formed a 50:50 Joint Venture (JV) called ‘EverSource Capital’ to jointly […] Read more
UP Discoms May Buy Solar Power from Rajasthan Updated On Sat, Apr 14th, 2018 by Saurenergy There is an expectation of about 1500 MW power generation in coming months from Bhadla solar park. The power distribution companies of Uttar Pradesh likely to purchase solar power from Rajasthan, as the government in Rajasthan is adding to its capacity of solar power and will sell surplus power to the neighbouring state. There is […] Read more
Gujarat Govt Approves 5GW Solar Park Updated On Wed, Apr 11th, 2018 by Saurenergy The proposed solar power generation project would be set up in 11,000 hectares of land with an investment of Rs 25,000 crore, says CM. The Chief Minister of Gujarat Vijay Rupani has approved the setting up of solar park having 5GW capacity in the state, after completion this could be world’s largest solar project. The […] Read more
