JSW Solar, Shirdi Sai Electricals and Reliance Win Solar PLI Allotments Updated On Fri, Nov 12th, 2021 by Saurenergy In the end, IREDA’s final list of winners for the Solar PLI (Performance Linked Incentives) scheme threw up no surprises as the bidders with plans for all stages of production and the highest capacity bids of 4 GW walked away with the top 3 allotments. Designed to encourage the setting up of manufacturing capacities for […] Read more
Vector Green and Evergreen Power In MoU For Wind Power Projects Updated On Tue, Nov 9th, 2021 by Saurenergy Vector Green Energy Pvt Ltd (Vector Green) and Evergreen Power Mauritius Pvt Ltd (Evergreen Power) have entered into a MoU to develop around 300 MW of wind power projects in India through greenfield development. Vector Green is a renewables focused Independent Power Producer (IPP), wholly owned by funds managed by Global Infrastructure Partners India LLP. […] Read more
IREDA Disburses Rs 1100 Crore To Vector Green In 45 Days Updated On Wed, Oct 13th, 2021 by Saurenergy The Indian Renewable Energy Development Agency (IREDA) has disbursed a loan of Rs 1100 crores to Mumbai-based Vector Green Energy, which is focused on solar and wind power. Highlighting the size and speed of disbursal, IREDA said that it is the highest-ever disbursement to a single company in a day by the organisation. Even as IREDA […] Read more
IREDA CMD Announces Plans For An IPO At AGM Updated On Thu, Sep 30th, 2021 by Saurenergy Pradip Kumar Das, the Chairman and Managing Director (CMD) at the Indian Renewable Energy Development Agency (IREDA) announced plans to go for the institution to go for an initial public offering (IPO) soon at its 34th AGM yesterday. The CMD also informed shareholders about performance in 2020-21, when IREDA disbursed its second highest amount of […] Read more
MNRE Issues Order For Complaints Regarding Public Procurement in RE Sector Updated On Fri, Jun 18th, 2021 by Saurenergy The Ministry of New & Renewable Energy (MNRE) issued an order yesterday to address the complaint order regarding the public procurement of the purchase preference concerning the renewable energy (RE) sector. The complaint order is a previous order dated February 09, 2021, which superseded the earlier order dated September 23, 2020, on the subject. MNRE, […] Read more
SJVN & NDMC Agree Terms For 150 MW Solar Power Sale Updated On Wed, Jun 16th, 2021 by Saurenergy Hydroelectric power generation company SJVN has announced an agreement with the New Delhi Municipal Council (NDMC) to sell 150 MW of solar power from SJVN projects that it plans to bid and develop under the Central Public Sector Undertaking (CPSU) Scheme. In accordance, NDMC will purchase this solar power at a rate of Rs. 2.44/kWh tariff […] Read more
MNRE’s May Highlights for Union Cabinet Updated On Wed, Jun 16th, 2021 by Saurenergy In its monthly summary of key highlights shared yesterday, the MNRE has focused on renewable energy additions, extension of deadlines due to Covid second wave, and the start of the process for PLI (production Linked Incentive) scheme for solar manufacturing. First up, the ministry shares that 643.66 MW of renewable energy capacity was added in […] Read more
IREDA Extends Bid Date For 12 GW CPSU Solar Scheme Updated On Tue, Jun 8th, 2021 by Saurenergy Indian Renewable Energy Development Agency Ltd. (IREDA), the implementing agency appointed by Ministry of New & Renewable Energy (MNRE) for the CPSU Scheme Phase II has extended the bid submission date to 15th June. The Central Public Sector Undertaking (CPSU) scheme phase-II envisages setting up 12,000 MW grid-connected solar projects with viability gap funding (VGF). […] Read more
IREDA Opens Applications for Solar Module Manufacturing under PLI Updated On Wed, May 26th, 2021 by Saurenergy Indian Renewable Energy Development Agency (IREDA) yesterday invited applications for setting up manufacturing capacities for vertically integrated high-efficiency solar photovoltaic modules under the production-linked incentive (PLI) scheme. The agency will accept applications till June 30, 2021 and it will open bids on 1 July 2021. The PLI scheme, which aims to further domestic manufacturing of high-efficiency […] Read more
