Azure Power Reaches New Milestone; Crosses 2 GW Solar Portfolio Updated On Tue, May 22nd, 2018 by Saurenergy As per the tender terms, the company will sign a 25 year Power Purchase Agreement (PPA) with Mahagenco at a tariff of Rs 3.07 (~US 4.7 cents) per kWh. Yet adding another feather in the cap, Indian solar power producer, Azure Power, has enhanced its portfolio by crossing the 2 GW milestone by winning four […] Read more
ACME Secures 250 MW Solar PV Project under MSEDCL’s 1,000 MW Bid Updated On Tue, May 22nd, 2018 by Saurenergy The selection process concluded at a very competitive tariff wherein ACME was allotted largest capacity i.e. 250 MW at a tariff of Rs 2.72/kWh. Country’s one of the leading utility-scale solar power developer ACME has won the 250 MW solar Photo Voltaic (PV) capacity in the reverse auction invited by Maharashtra State Electricity Distribution Co […] Read more
Solar Power Fills Mumbai Housing Society’s 81% Energy Demand Updated On Mon, May 21st, 2018 by Saurenergy With the generation of 45-50 units per day the solar rooftop plant will generate 16,900 units in a year. The society also has a net metering policy that facilitates the solar system to be connected with the electricity grid. To meet their electricity demands Mulund Darshan housing complex in Mulund (East) has shifted from conventional […] Read more
Hartek Solar Introduces Plug-and-Play Rooftop Solar Power Kits Updated On Mon, May 21st, 2018 by Saurenergy Hartek Solar’s rooftop solar kits come with an option of a unique remote sensing technology tailor-made for small-scale solar plants. Suitable for houses, nursing homes, hotels, housing societies, small & medium enterprises and small commercial establishments, solar power solution provider Hartek Solar has launched a customised 5-10 KW plug-and-play rooftop solar kits, the company said […] Read more
Chandigarh Admin Extends Deadline by 6 Months For Solar Installation Updated On Mon, May 21st, 2018 by Saurenergy The decision came in the backdrop of request by residents of the city who had asked for extension for the administration. The records in the Chandigarh administration show that around 1300 residents have either showed their willingness to install solar panels or are willing to install them. Residents of the Chandigarh can take a sigh […] Read more
Installation of Rooftop Solar Plant Should Not be Mandatory: Former MP Updated On Fri, May 18th, 2018 by Saurenergy The entire process of switching to solar power should be done gradually so as to ensure that the process is hassle-free for the citizens, the statement reads. Rather than making it mandatory for the people to have rooftop solar installation on their homes the administration should encourage and subsidies the process, Former Union Minister Pawan […] Read more
Azure Power Wins 130 MW Solar Power Project in Maharashtra Updated On Fri, May 18th, 2018 by Saurenergy At the tariff rate of Rs 2.27 per KW Azure Power will sign a Power Purchase Agreement (PPA) with MSEDCL for 25 years. The project is expected to be commissioned in 2019 and will be developed by Azure Power outside a solar park. In a recent auction by Maharashtra State Electricity Distribution Company Limited (MSEDCL), […] Read more
Investors Fear Depreciation in Rupee May Affect Solar Tariffs: Study Updated On Thu, May 17th, 2018 by Saurenergy “If the rupee depreciates to Rs 67 from Rs 65 between the time of tariff bidding and finalisation of terms of payment for module supply (which can easily extend to 6-8 months), the solar power developer will suffer an overall four paisa per unit reduction in margin, which is significant considering the modest margins for […] Read more
India May Not Achieve 100 GW Target by 2022: Report Updated On Thu, May 17th, 2018 by Saurenergy The current bidding environment in India is ‘irrationally aggressive’. Around 70% of the total respondents were of the opinion that the aggressive nature of bidding, that lowered tariffs for wind and solar energy to Rs 2.43 and Rs 2.44 per unit respectively, is not feasible for the growth. The target of adding 175 GW of […] Read more
