India Relegates in Global Renewable Market Index, Ranks at Spot 4 Updated On Sat, May 5th, 2018 by Saurenergy A report by UK accountancy firm, Ernst & Young (EY) has attributed the relegation in India’s ranking to the latest auctions in which the wind and solar tariffs were kept low. Indian has slipped two ranks in renewable energy country attractive index making it rank 4th in the list preceded by China, US and Germany. […] Read more
ReneSola Sells 40.13% Stake in Zhejiang ReneSola Investment for RMB 200 mn Updated On Wed, May 2nd, 2018 by Saurenergy Zhejiang ReneSola Investment Ltd holds the company’s distributed generation projects in China. Solar project developer and operator ReneSola has sold 40.13 percent stake of its Chinese subsidiary, Zhejiang ReneSola Investment Ltd, to an undisclosed investor for about RMB 200 mn in cash. Zhejiang ReneSola Investment Ltd holds the company’s distributed generation projects in China. Further, […] Read more
Govt Floats Massive 20,000MW Solar Power Capacity Updated On Tue, May 1st, 2018 by Saurenergy The new projects are likely to ramp up renewable energy production in the country from around 70 GW to around 225 GW in next four years. The NDA government ramping up to oust 100GW target after it is lately known to have shared proposals to issue tenders for 20 GW solar power capacities. The mammoth capacity […] Read more
Viz-A-Viz with Harsh Thacker, Sr Analyst- MOVE (Moving Onwards Vehicle Electrification) Updated On Mon, Apr 30th, 2018 by Saurenergy Q. With all automobile companies helming towards Electric Vehicles, demand for energy and suitable ecosystem is the initial glitch, how is IESA working to outpace these snags? India has a significant market potential for batteries and electric vehicles. Our analysis projects the EV market potential for India would be around 77 million between now […] Read more
ISA to Create Ecosystems for Startups in Solar Innovations Updated On Mon, Apr 30th, 2018 by Saurenergy With the help of global corporates, we expect this transformative action to be undertaken on ground, resulting in access to light for the 1 billion unconnected people, said Upendra Tripathy. India-led International Solar Alliance (ISA) will create ecosystems for startups in solar innovations by enabling incubation, partnerships, access to finance and standards. The task force, set up […] Read more
First Solar Plans to Build New Manufacturing Plant in Ohio Updated On Fri, Apr 27th, 2018 by Saurenergy The construction is expected to begin in mid-2018 and the expansion plan calls for a 1 million square foot facility located in Lake Township, Ohio which is near First Solar’s Perrysburg site. The full production mode will start in late 2019 with an expected annualized capacity of 1.2GW. First Solar, Inc. announced its plans to […] Read more
Out of Cash, Gujarat Stops Paying Subsidies to Rooftop Solar Scheme Beneficiaries Updated On Thu, Apr 26th, 2018 by Saurenergy The state government pays subsidies to beneficiaries in the range of Rs 10,000 to 20,000 against the total cost of installation of rooftop solar panels. The state has stopped the payment as it has not received the funds from the Centre’s budget grants of the current year. Gujarat Government has stopped the subsidies it used […] Read more
EU, Japan Criticized India for Safeguard Duty on Solar Cells Updated On Wed, Apr 25th, 2018 by Saurenergy The EU, at the meeting of WTO’s Safeguards Committee, recalled that safeguard measures should only be imposed under exceptional circumstances, particularly if the imports that are causing problems come from predominantly one source. The decision by India to impose safeguard duty on imported solar cells drew flak from Japan and the European Union at World […] Read more
Expressions of Interest for Moser Baer Solar Likely This Week, says Arvind Garg Updated On Mon, Apr 23rd, 2018 by Saurenergy He expects good response considering the growing confidence in the solar sector’s growth story in India. A resolution professional Arvind Garg has said that the expressions of interest (EoI) for the assets of bankrupt Moser Baer Solar are likely to be invited this week. “We hope to invite expressions of interest this week and we expect a […] Read more
