India’s Energy Needs to Triple by 2040: World Bank Updated On Mon, Dec 24th, 2018 by Saurenergy In fiscal 2018, when total installed capacity was more than twice the amount of peak demand, peak demand shortage still registered 2.1% in India,World Bank said. Energy demand in India will grow 30% between 2018 and 2040, a new report by the World Bank titled Dark: How Much Do Power Sector Distortions Cost South Asia […] Read more
GST on Renewable Products Slashed to 5% Updated On Mon, Dec 24th, 2018 by Saurenergy Prior to this clarification, solar power developers were paying tax at the rate of 18% which had become a sticking point in the industry. Solar Industry is in a state of relief after the GST council clarified that the devices and parts related to renewable energy will be taxed a 5% while the services related […] Read more
Wind Power Developers up in Arms with TNERC Over Tariff Updated On Mon, Dec 24th, 2018 by Saurenergy Following that, TNERC approved a wind power auction of 1500 MW, in 3 trenches of 500 MW each, proposed by the Tamil Nadu Generation and Distribution Co. Developers of wind energy in Tamil Nadu are locking horns with the Tamil Nadu Electricity Regulatory Authority (TNERC) over the ceiling tariff approved by the authority which even […] Read more
India Setting Example in Green Energy: Harsh Vardhan Updated On Mon, Dec 24th, 2018 by Saurenergy The minister was speaking post the inauguration ceremony of Atal Complex for International Training Centre for Operational Oceanography. India is leading the race for mitigation of carbon emission and is setting an example for the whole world in fighting global warming with its various clean energy efforts, Harsh Vardhan, Union Minister for Environment and Science […] Read more
Telangana Governor Bats for Solar Energy Updated On Sat, Dec 22nd, 2018 by Saurenergy He was speaking at the Telangana State Energy Conservation Awards – 2018 where he also mentioned that cost of solar panels have dramatically come down. Telangana and Andhra Pradesh Governor ESL Narsimhan has suggested that Greater Hyderabad Municipal Corporation (GHMC) should make it mandatory for multi -storied residential and commercial complexes in the city to […] Read more
Tamil Nadu Best in Providing Clean and Affordable Energy: NITI Aayog Updated On Sat, Dec 22nd, 2018 by Saurenergy Renewable sources constitute 100 percent of total installed generating capacity of electricity in three States and four UTs. Sustainable Development Goal (SDG) India Index which was released by NITI Aayog recently has ranked Tamil Nadu, Karnataka, Andhra Pradesh, Bihar, Maharashtra and Gujarat as the top states for providing affordable and clean energy to their population. […] Read more
Foreign Players Win Big in Gujarat Solar Park Auction Updated On Sat, Dec 22nd, 2018 by Saurenergy The previous auction conducted by Gujarat Urja Vikas Nigam in September for 500 MW saw a winning tariff of Rs 2.44 per unit. International solar developers have stood out and won the entire 700 MW capacity of the solar auction conducted by the Gujarat Urja Vikas Nigam Ltd (GUVNL). SB Energy which is backed by […] Read more
SDMC and SECI Sign MoU for 27.5 MW Solar Plants Updated On Sat, Dec 22nd, 2018 by Saurenergy The agreement has been signed keeping in mind the government of India’s commitment towards green energy and SDMC’s solar initiative. South Delhi municipal Corporation and the Solar Energy Corporation of India have inked a pact to develop two solar plants with a total capacity of generating 27.5 MW of electricity. SDMC officials said that work […] Read more
Rays Power Infra Raises Rs 200 Cr from DMI Finance Updated On Fri, Dec 21st, 2018 by Saurenergy The capital will be predominantly used to strengthen the company’s presence in the country and to develop ground mounted solar power projects. Mumbai-based solar power developer Rays Power Infra announced that it has successfully raised Rs 200 crore in debt and equity financing in the first round from DMI Finance. The capital will be predominantly […] Read more
