IL&FS Proposes to NCLT Sale of Wind Assets to Orix Updated On Mon, Aug 12th, 2019 by Saurenergy ILFS group has proposed to NCLT the sale of its wind energy assets to Japan’s Orix Corporation, reducing the debt of the company by Rs 4,800 crore. Embattled IL&FS group has proposed to the National Company Law Tribunal (NCLT) the sale of its wind energy business to Japan’s Orix Corporation which will help reduce the debt of the company by […] Read more
As Farmers Switch to Solar Pumps, Experts Fear Groundwater Exploitation Updated On Mon, Aug 12th, 2019 by Saurenergy Though the off-grid solar pumps have made life easy for farmers in many villages across India, many fear they are likely to lead to over-exploitation of groundwater. In Maharashtra’s Jalgaon village, many farmers spend sleepless nights to irrigate their fields, as power for irrigation isn’t available during the daytime for 15 days a month, but Dattaji […] Read more
Akuo Energy Wins 370 MW Solar Capacity in Latest Portugal Auction Updated On Fri, Aug 9th, 2019 by Saurenergy Akuo Energy has been awarded 370 MW project capacity under the latest 1,400 MW solar energy auction call, for the tender organised by Portugal Akuo Energy, one of the leading French renewable energy independent power producer and developer, has been awarded 370 MW project capacity under the latest 1,400 MW solar PV energy auction call […] Read more
E.ON Commissions 201 MW Wind Farm in Texas Updated On Fri, Aug 9th, 2019 by Saurenergy E.ON has successfully opened its Stella Wind Farm, a 201 MW project in Kenedy County in Texas. German energy utility firm E.ON has announced that it has successfully opened its Stella Wind Farm, a 201 MW project located in Kenedy County in Texas. “In addition to creating high-paying local jobs, the Stella Wind Farm will generate […] Read more
ONGC Tenders for 2 MW Floating Solar in Mangalore Updated On Fri, Aug 9th, 2019 by Saurenergy ONGC has invited bids for the deployment of 2 MW floating solar project on the water reservoirs inside ONGC Mangalore Petrochemicals Limited (OMPL) complex. Oil and Natural Gas Corporation Ltd (ONGC) India’s most valuable public sector enterprise has issued a tender, inviting bids from eligible bidders for the deployment of a 2 MW grid-interactive floating […] Read more
India Will Raise Import Duty on Solar Equipment Soon: R K Singh Updated On Fri, Aug 9th, 2019 by Saurenergy India will increase import duty on solar equipment to encourage domestic industry in the coming years, Power Minister R K Singh said. India will increase import duty on solar equipment to encourage domestic industry in the coming years, Power Minister R K Singh said. He also announced that a storage policy will be unveiled soon which […] Read more
After High Court Stay on PPA Move, Andhra Strikes with Curtailment Updated On Fri, Aug 9th, 2019 by Saurenergy The Andhra government has decided to curtail renewable generation in the state after state High Court put a stay on its order to renegotiate RE tariffs The newly elected Andhra Pradesh government has decided to curtail renewable power generation in the state after the state High Court put a stay on the government’s order to […] Read more
Ørsted Reports Strong Numbers for First Half of 2019 Updated On Fri, Aug 9th, 2019 by Saurenergy Ørsted has achieved an operating profit of USD 1.32 billion in first half of 2019, up 2% and on track to deliver its full-year guidance. Wind Major Ørsted’s Board of Directors approved the interim report for the first half year (H1) of 2019. The firm revealed that it has achieved an operating profit (EBITDA) of […] Read more
India Ratings Raises Risk Concern for PPAs Signed With SECI, NTPC Updated On Thu, Aug 8th, 2019 by Saurenergy In its revenue risk analysis, the India Ratings and Research a part of Fitch Group found that the Power Purchase Agreements signed by NTPC and SECI are vulnerable to risks. Contrary to the general belief that the PPAs signed between the Renewable energy companies and reliable counter parties like Solar Energy Corporation of India (SECI) […] Read more
