Solar EPC: After Strong 2022, Industry Looks Ahead To Continuity in 2023 Updated On Tue, Jan 31st, 2023 by Saurenergy The Indian Solar EPC market looked good in the year gone-by as several EPC projects, both government and private, took off in 2022. Interestingly, even as large EPC firms with a global footprint like Sterling and Wilson Renewable Energy struggled with projects where they were on the hook for fixed price contracts, bearing heavy losses, […] Read more
Rays Power Infra to Build 1800-MW Solar Park In Rajasthan Updated On Tue, Jan 31st, 2023 by Saurenergy In a key development that further strengthens its presence in the state, Rays Power Infra has announced that it has signed an agreement with the state government of Rajasthan for the construction of a 1,800 MW solar park in the state. The estimated worth of the entire project will be Rs 9,140 crore. Rays Power […] Read more
ACME, Norfund Alliance for Renewable Energy In India Updated On Fri, Jan 27th, 2023 by Saurenergy Gurugram headquartered renewable energy player ACME has collaborated with Norfund – the Norwegian investment fund – under which the two companies will invest together in renewable energy projects in India. Norfund is the manager of Norwegian Climate Investment Fund (NCIF) and it invests in developing countries. Manoj Upadhyay, Founder and Chairman, ACME Group, said, “I […] Read more
2023’s Promise for Solar. Will India Rise To The Challenge? Updated On Mon, Jan 23rd, 2023 by Saurenergy Early into 2023, the ground is set for a momentous shift for solar. But first, the numbers. In the Jan-Dec period, figures from India’s Central Electricity Authority show that the country added 13956 MW of solar capacity, of which just over 11 GW was utility scale solar. This is by far the best ever performance […] Read more
Rays Power Infra Commissions its Largest Solar Project in Bangladesh at 275 MW Updated On Tue, Jan 17th, 2023 by Saurenergy Solar EPC firm Rays Power Infra has announced the commissioning of a 275 MW(DC) grid-connected solar power plant in Sundarganj, Gaibandha, Bangladesh. Spread over 600 acres of land, the project will offset over 375 billion tonnes of CO2 emissions, equivalent to 2.5 Lacs fuel engine cars, powering 5 lakh households in Bangladesh. The project comprises […] Read more
Noway’s Norfund, KLP Partner with ReNew Power to Invest in India’s Transmission Sector Updated On Tue, Jan 10th, 2023 by Saurenergy Norfund and KLP have announced that they will invest around Rs 900 million in partnership with ReNew Power for 49% ownership stake in ReNew’s transmission project in the Koppal district of Karnataka state in India, with ambitions for further joint investments. ReNew Power is one of the largest renewable energy independent power producers (IPPs) in […] Read more
Can Giant Floating Solar On Oceans Work? Updated On Fri, Jan 6th, 2023 by Saurenergy A lot has been said and done about floating solar plants – an emerging technology in which a customised solar photovoltaic (PV) system is placed directly on top of a body of water. Over the past half a decade, floating solar farms have gained popularity, particularly in countries with high population density and competing uses […] Read more
2022 For Solar: Solarisation, PLI Scheme, Transmission were Buzzwords Updated On Thu, Dec 29th, 2022 by Saurenergy As we head into year 2023, here is a review of 2022 in terms of policy-level initiatives with a lowdown on where the country stands with regards to renewable energy capacity as the year comes to a close. Impetus to RE transmission projects 2022 began with the Intra-State Green Energy Corridor Phase-II (InSTS GEC-II) scheme […] Read more
L&T Gets EPC Contract for 90 MW Floating Solar in Omkareshwar, MP Updated On Thu, Dec 29th, 2022 by Saurenergy India’s leading engineering player – Larsen and Toubro (L&T) – has announced that the power transmission & distribution business of L&T Construction has secured multiple EPC orders in India and overseas. The key catch has been a contract for the development of a floating solar project in Madhya Pradesh. L&T held that the renewables arm […] Read more
