Ørsted Issues Green Bonds to Finance Next Wave of Offshore Wind Projects Updated On Fri, May 10th, 2019 by Saurenergy The investment strategy will include the investment in the biggest offshore wind farm in the world, the Hornsea 2 in the United Kingdom with a capacity of 1,386 MW. The largest energy company in Denmark and the world’s largest offshore wind energy developer, Ørsted has successfully issued green bonds. The company announced in a statement […] Read more
Innergex Closes Construction Financing For its 328 MW Texas Wind Farm Updated On Fri, May 10th, 2019 by Saurenergy The facility is expected to produce a gross estimated long-term average of 1,230 GWh and will be the largest wind farm project built by Innergex. Canadian renewable energy solutions firm, Innergex Renewable Energy has announced the closing of a construction financing and tax equity commitment for the Foard City wind project located in Foard County, […] Read more
Himachal Pradesh Issues Draft Amendment Regulations For Deviation Settlement Updated On Fri, May 10th, 2019 by Saurenergy The Himachal Pradesh Electricity Regulatory Commission (HPERC) has issued draft amendments for its regulations on deviation settlement mechanism. In its notification, the commission noted that the proposed amendments have been introduced to align the state’s regulations with the Central Electricity Regulatory Commission’s (CERC) latest and fifth draft amendments to the principal deviation settlement mechanism regulation […] Read more
Panasonic and GS Solar to Collaborate on PV Technology Updated On Fri, May 10th, 2019 by Saurenergy Japanese multinational electronics conglomerate, Panasonic has reached a collaboration and acquisition agreement with Chinese solar energy solutions provider GS-Solar Company Ltd. in the field of photovoltaic technology. Under the agreement, GS-Solar will acquire Panasonic’s solar manufacturing subsidiary, Panasonic Energy Malaysia, while establishing a new company with Panasonic. With the Chinese firm holding a 90 percent […] Read more
CERC Finds Rs 3.60/kWh as the National Average Power Purchase Cost Updated On Fri, May 10th, 2019 by Saurenergy The APPC shall be applicable during FY 2019-20 and until further orders for the purpose of deviation settlement in respect of the open access and captive wind and solar generators fulfilling the requirement of regional entities. The Central Electricity Regulatory Commission (CERC) has found the Average Power Purchase Cost (APPC) at the national level to […] Read more
Siemens Gamesa Becomes First Turbine Manufacturer with Investment Grade Rating Updated On Thu, May 9th, 2019 by Saurenergy The company obtained a BBB- long-term credit rating, with a positive outlook, from Standard & Poor’s (S&P), and a Baa3 outlook stable rating from Moody’s. Spanish renewable energy major, Siemens Gamesa Renewable Energy (SGRE) recently became the first wind turbine manufacturer to attain an investment grade rating. The company obtained a BBB- long-term credit rating, […] Read more
NTPC Ordered to Release Bank Guarantees of 3 IPPs in Rajasthan Updated On Thu, May 9th, 2019 by Saurenergy The commission ruled that the retention of the performance bank guarantees by NTPC was illegal and arbitrary. NTPC Ltd. has been ordered by the Central Electricity Regulatory Commission (CERC) to release the performance bank guarantees (PBG) of three independent power producers (IPP) operating in the Bhadla Solar Park in Rajasthan. The commission responded in response […] Read more
Demand of Solar Powered Devices in Odisha Shoots Up after Cyclone Fani Updated On Thu, May 9th, 2019 by Saurenergy Cyclone Fani might have sent shudders down plans for large sized solar parks in the region, but ironically, the demand for distributed solar products has gone up. People are now grappling with water shortage, lack of electricity, poor mobile connectivity and cash crunch. With no end to electricity woes on sight, residents of the capital […] Read more
India’s Solar Powered IPO’s. Why Success Will Matter Updated On Thu, May 9th, 2019 by Saurenergy Recent weeks have brought news of two IPO’s from firms in the sector. First is of course Sterling and Wilson’s plans for a billion dollar IPO, with almost $650 million being the shares offered by key promoters Shapoorji Pallonji and Co and Chairman Khurshed Yazdi Daruvala for sale. The firm, which clocked a topline of […] Read more
