Discoms’ Liquidity Infusion via Loan Positive for Gencos, But Losses to Shoot Up by Rs 270 Bn in FY21: ICRA Updated On Thu, May 14th, 2020 by Saurenergy Government’s Rs 900 billion liquidity support under Atmanirbhar Bharat package for state power distribution utilities (Discoms) is a much welcome measure, said ICRA a leading credit rating agency. However, this liquidity infusion in Discoms will be in the form of loans against receivables, from major power sector lenders Power Financial Corporation (PFC) and Rural Electrification […] Read more
Top 10 Ground Mounted Solar Power States by Installed Capacity in India Updated On Thu, May 14th, 2020 by Saurenergy With the Modi Government’s aspirational goal of 5 trillion dollar economy by 2024-25 for India, power sector gets a centre stage as it is one of the most important pillars of the economic growth of the country. However, coronavirus likely to impact the goals. Despite such hindrances, power industry especially renewable energy has a higher […] Read more
Power Demand Dropped 24% in April Due to Lockdown: CRISIL Updated On Thu, May 14th, 2020 by Saurenergy With almost no economic activity taking place in the first 20 days of April due to lockdown, power demand declined sharply by 24 percent in the month With almost no economic activity taking place in the first 20 days of April due to lockdown, and very little operations after that, power demand declined sharply by […] Read more
Nearly 600,000 Clean Energy Jobs Lost in the US due to Pandemic: Report Updated On Thu, May 14th, 2020 by Saurenergy A new report has revealed that April saw at least 447,200 new clean energy jobs lost, bringing the total to 594,300 since the beginning of the pandemic. A report tracking the impact of the Coronavirus pandemic on US employment has revealed that April brought clean energy job losses triple those seen in March, for an […] Read more
India Moves Up at 74th Rank in Global Energy Transition Index Updated On Wed, May 13th, 2020 by Saurenergy India has moved up two places and secured the 74th position on the global Energy Transition Index (ETI) after improvements in all key parameters of the economic growth, energy security and environmental sustainability, as per the World Economic Forum (WEF) annual rankings. According to WEF report, coronavirus will compromise the transition to clean energy without an […] Read more
Brazilian Solar Industry Feels the Heat of Both Falling Economy, COVID-19 Updated On Tue, May 12th, 2020 by Saurenergy With the rising cost of imports, shrinking power demand and indefinite postponement of auctions amid coronavirus crisis, Brazilian solar photovoltaic (PV) industry is feeling the heat which may likely to impact the momentum of the annual installation. Brazilian PV sector’s annual installation capacity is expected to decline to 0.7 GW in 2020, from 1.3 GW […] Read more
Smart Prepaid Meters Enable Discoms Generate 95% Billing Efficiency amid Lockdown Updated On Tue, May 12th, 2020 by Saurenergy Despite lockdown imposed across the country due to coronavirus crisis, the use of smart prepaid meters is helping power distribution companies (Discoms) in generating around 95 percent of billing efficiency, along with an average 15-20 percent increase in monthly revenue per consumer. This is significant as most of the Discoms amidst lockdown in the country […] Read more
Largest Solar Project in US History Gets Government Approval Updated On Tue, May 12th, 2020 by Saurenergy US Department of the Interior and the Bureau of Land Management have granted approval to construct and operate the largest solar project in US history. The United States (US) Department of the Interior and the Bureau of Land Management (BLM) have announced that they have granted approval for the proposal to construct and operate the largest […] Read more
Vestas Breaks Record, Installs Over 10GW Wind Turbines in 2019: WoodMac Updated On Mon, May 11th, 2020 by Saurenergy Danish wind turbine maker Vestas has now become the first wind turbine manufacturer to install over 10 GW of wind capacity in a single year in 2019, as said by the global energy research & consultancy firm. The Denmark-headquartered OEM’s grid-connected capacity of 11.3 GW in 2019 is an increase of 1.5 GW on 2018, […] Read more
