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
India Should Open Up Solar PV Market, says Trina Solar Updated On Fri, Mar 30th, 2018 by Saurenergy “If costs of making in India do not support the economics of production for the customer, it makes our job difficult. Our basic principle is to provide value for the customer. If the local customer cannot afford our products, that makes it difficult for us to produce,” Gao Jifan said. Chinese solar giant Trina Solar […] Read more
India Must Strengthen Grid Infra to Boost Renewable Energy: IRENA Updated On Thu, Mar 29th, 2018 by Saurenergy IRENA Director-General Adnan Z Amin says the main constraint in India right now is the grid. There is a huge upsurge in investment,” he said of the renewable projects being implemented in the country. India must strengthen grid infrastructure to support its “strong push” towards renewable energy especially solar, said the head of the International […] Read more
JMI inks MoU with Sunsource to Set-up Solar PV Plant in Premises Updated On Thu, Mar 29th, 2018 by Saurenergy The Noida-based company will execute the project on turnkey basis and maintain it for next 25 years under Renewable Energy Service Company (RESCO) model. Delhi-based central university Jamia Millia Islamia (JMI) has signed an MoU with Sunsource Energy to set-up a 2.50 MWP capacity Solar Photo Voltaic (SPV) plant in its campus for its own […] Read more
BHEL Wins EPC Order for 75 MW Solar PV Plant in Gujarat Updated On Thu, Mar 29th, 2018 by Saurenergy This will be the company’s largest Solar PV project till date. State-owned Bharat Heavy Electricals Ltd (BHEL) has won an EPC order for setting up a 75 MW Solar Photovoltaic (SPV) power plant at Gujarat Solar Park, Charanka, Gujarat. Against stiff competitive bidding, the company has secured the order on Engineering, Procurement and Construction (EPC) […] Read more
