500MW Solar Auction Cancelled in Gujarat Over Costly Bids Updated On Thu, Apr 19th, 2018 by Saurenergy The successful bidders include Kalathia Engineering and Construction, Gujarat State Electricity Corporation Limited (GSECL), ACME Solar Holdings and Azure Power. Auction conducted on March 28 for 500 MW has been cancelled by the state owned utility Gujarat Urja Vikas Nigam Limited (GUVNL). The tariffs quoted by the bidders, considered to be too high, is the […] Read more
AP: NREDCAP Issues Tender for 35 MW Rooftop Solar PV Plants Updated On Thu, Apr 19th, 2018 by Saurenergy The scope of work covers design, supply, installation, commissioning, maintenance, operation. It also includes wiring up from the SPV Rooftop system to Distribution Board. Under net metering policy of the state, New and Renewable Energy Development Corporation of Andhra Pradesh Ltd (NREDCAP) has announced a tender of grid-connected rooftop solar PV plants of 1 […] Read more
SunPower Acquires US Rival SolarWorld Americas Updated On Thu, Apr 19th, 2018 by Saurenergy The company will inject fresh capital into the SolarWorld Americas facility and implement leading-edge, high-efficiency P-Series solar panel manufacturing technology. SunPower has acquired 100 percent of the Hillsboro, Oregon-based SolarWorld Americas, a leading American manufacturer of solar panels. However, the purchase price was not disclosed by the company. The company will inject fresh capital into the […] Read more
Ensync Energy Sells 20-Yr PPA with HPU to Undisclosed Investor Updated On Wed, Apr 18th, 2018 by Saurenergy This long-term agreement is expected to bring clean, affordable energy to Aloha Tower Marketplace. EnSync Energy Systems has sold its 20-year Power Purchase Agreement (PPA) with Hawai’I Pacific University (HPU) to an undisclosed investor. This long-term agreement is expected to bring clean, affordable energy to Aloha Tower Marketplace. Further, the PPA will provide HPU’s Aloha Tower […] Read more
Ares EIF to Buy Majority Stake in Conti Solar Updated On Wed, Apr 18th, 2018 by Saurenergy Conti Solar has received strategic investment from a fund managed by Ares EIF, the power and energy infrastructure strategy in the Private Equity Group at Ares Management. Private Equity firm Ares EIF has acquired majority ownership stake in Conti Solar, previously a wholly-owned subsidiary of The Conti Group. Further, Conti Solar has received strategic investment […] Read more
US DOE to Pump $105.5 mn to Advance Solar Technologies Updated On Wed, Apr 18th, 2018 by Saurenergy The US Secretary of Energy Rick Perry had announced this major funding opportunity to advance solar technologies and improve and expand the solar workforce. The United States Department of Energy (US DOE) will disburse up to USD 105.5 million in new funding to support innovative solar research. The US Secretary of Energy Rick Perry had announced this major […] Read more
Azure Power Commissions 40 MW Project in Uttar Pradesh Updated On Tue, Apr 17th, 2018 by Saurenergy Under the agreement Azure Power will supply power to SECI for the period of next 25 years at the levelized tariff of Rs 4.92 per KW which is inclusive of Viability Gap Funding (VGF). India’s one of the leading power producers, Azure Power has announced the commissioning of a 40MW solar plant in Uttar Pradesh […] Read more
India’s Solar Capacity Addition Likely to Drop by 40 Percent in 2018-19: ICRA Updated On Tue, Apr 17th, 2018 by Saurenergy Between April 2017 to February 2018 the country has added around 7.2 Gw solar capacity to its kitty. It is highly likely that India’s solar power capacity addition will drop by 40 per cent to a range between 4 Gigawatt (GW) and 4.5 Gw in the 2018-19, thanks to the recent slowdown in the tendering and project […] Read more
NHPC’s 50 Megawatt Solar Project in TN Synchronized With Grid Updated On Tue, Apr 17th, 2018 by Saurenergy The solar project shall provide an annual generation of 105 MU with sale of entire power to the TANGEDCO in accordance with the power purchase agreement.’ Tamil Nadu NHPC has synchronized a 50 MW solar PV project at Theni/Dindigul district of Tamil Nadu with the grid. ‘The project was synchronized with the grid last month in presence […] Read more
