BRICS Bank Open its First Loan Likely for Indian Solar Sector Updated On Mon, Feb 29th, 2016 by Saurenergy The New Development Bank established by BRICS countries is to open up its first loan which is up to USD 2 billion this year by aggregating multilateral lender’s first loan to India which could be for a green solar energy project, president K V Kamath said. Kamath, said the bank is also looking for water […] Read more
SunEdison expands Solar Capacity in India aims at 10GW solar energy by 2022 Updated On Wed, Feb 24th, 2016 by Saurenergy After Sun Edison’s recent announcements to support the Make in India, the US-based renewable energy developer has announced an expansion of its installed capacity base in India. Earlier this month, the company disseminated that it has commissioned 146 MW of solar power capacity across three states in India. The company did not cite if these […] Read more
Maharashtra, UP gets Tough Solar Targets for 2022 Updated On Wed, Feb 24th, 2016 by Saurenergy The MNRE has recently handed over red-letters to solar-friendly states underlining targets and deadline for renewable energy generation and absorption. The letter pronounces Maharashtra and Uttar Pradesh into the challenging solar energy targets by 2022, asserting Maharashtra to increase 30 times solar capacity to its existing 378.7 MW generating 11,926 MW. UP also has a […] Read more
Bihar Sign MoU under “UDAY” Scheme, becomes the Sixth State Updated On Tue, Feb 23rd, 2016 by Saurenergy Bihar to become the sixth state to benefit from the UDAY scheme, as the Government of India, the State of Bihar and the DISCOMs of Bihar (North Bihar Power Distribution Company Limited, and South Bihar Power Distribution Company Limited) signed Memorandum of Understanding (MOU) for operational and financial turnaround of the DISCOMs. Bihar is the […] Read more
India on track for 20GW Goal from Indian Large-Scale Solar Pipeline – MNRE Updated On Tue, Feb 23rd, 2016 by Saurenergy Ministry of New and Renewable Energy(MNRE) reports that it has accumulated six new projects to its accredited solar parks, which will now create 33 parks across 21 states, with an aggregate PV capacity of 19.9 GW. The promising spur of the Indian National Solar Mission (NSM) has underlined another milestone closer towards a revised 175 […] Read more
Solar Power Tariffs to witness Legitimate Fall – Study Updated On Fri, Feb 19th, 2016 by Saurenergy Despite aggressive bidding, debt viability of projects with low execution and counterparty risks — especially those under the Jawaharlal Nehru National Solar Mission scheme and Solar Park scheme, is likely to remain intact,” said a recent report of India Ratings and Research, or Ind-Ra. Solar power tariffs—which hit a low of Rs 4.34 per unit […] Read more
Haryana Bags 500 MW Solar Power Park Project Updated On Fri, Feb 19th, 2016 by Saurenergy The solar row is taking momentum at an unprecedented level, as another state in India has accredited construction of an ultra-mega solar power project, boosting the Indian Government’s plan to set up 20 GW of large-scale solar power parks. The northern part of Haryana has got approval to build a 500 MW solar power project. The […] Read more
NTPC and German Institutions collaborates for Innovations in Solar Energy Updated On Thu, Feb 18th, 2016 by Saurenergy In a strive to take a step ahead in renewable energy sector, state-run power generator NTPC Ltd has partnered with German institutions DLR Cologne and Institute of Solar Energy. “NTPC through its R&D wing, NETRA is collaborating with two German Institutions DLR Cologne and Institute of Solar Energy (ISE), Fraunhofer, Freiburg on Solar Energy Research,” sources said. […] Read more
India to cap over 20GW Solar Capacity by 2017 Updated On Wed, Feb 17th, 2016 by Saurenergy Presently, the solar power generation capacity of India has easily surpassed the estimated 5000MW and is likely to hit 9,000MW mark by the end of March. Tendering for solar project totalling a capacity of 15,177 MW has already been completed and a total capacity addition of 12,161 MW is expected during the financial year 2016-17, […] Read more
