Greenko’s Equity Raise, Acquisition Credit Positive, says Moody’s Report Updated On Tue, Jun 12th, 2018 by Saurenergy Greenko will acquire Orange Renewables Singapore for a total enterprise value of approximately USD 922 million, which has 907 MW of solar and wind assets and pipeline assets of over 500 MW. Backing the renewable energy company’s buyout move, credit rating agency Moody’s Investors Service in its report said that, the acquisition of Orange Renewables […] Read more
Surat to be India’s First Smart City with Solar Power Updated On Tue, Jun 12th, 2018 by Saurenergy Under the Mission, the SMC with the investment of whooping Rs 2908 crore, are implementing the development works in the city. The consultative committee members of the Ministry of urban development are on a visit to the city of Surat where they visited multiple projects that are being implemented by Surat Municipal Corporation (SMC) under […] Read more
Duty Concerns, ISTS Issues May Delay Solar Auctions Updated On Mon, Jun 11th, 2018 by Saurenergy NTPC deferred auction of 2,000 MW of solar capacity to the first week of June. However, the state-run power giant did not auction even in the first week of this month. Amid ambiguity about the imposition of 70 percent safeguard duty on solar equipment, there is an apprehension that solar auctions would be dragged further. […] Read more
Finland’s Fortum to sell 54% Stake in Indian Projects Updated On Fri, Jun 8th, 2018 by Saurenergy “This project demonstrates the growing maturity of India’s secondary market for renewables – creating an environment in which private investors have the confidence to invest in new greenfield projects that will accelerate the decarbonization of India’s economy” With an aggregate capacity of 185 MW in India, Finland’s Fortum sign an agreement to sell a 54% […] Read more
SoftBank CEO Masayoshi Son may Meet PM Modi for $60 Bn Solar Project Updated On Fri, Jun 8th, 2018 by Saurenergy Being the hub of investment as far as solar industry is concerned, countries like China and now Japan’s tech giant SoftBank are eyeing to grab a major pie in the clean energy segment in India. In the coming years, India is expected to go through the biggest revolution in solar energy. The country which has […] Read more
Under KUSUM Scheme, Govt. to Provide 2.75 Million Solar Pumps to Farmers Updated On Fri, Jun 8th, 2018 by Saurenergy “Initially the solar-pumps will be distributed as per the demand from each region but at the later stage, if required, we will provide more pumps,” power minister R K Singh. Under the first phase of Kisan Urja Suraksha Evam Utthaan Mahaabhiyan (KUSUM) scheme that is to be launched by July 2018, the government will provide 2.75 million […] Read more
Beer Giant AB InBev’s Mysore Unit Goes Green; Inks Pact with Canadian Firm Updated On Thu, Jun 7th, 2018 by Saurenergy The brewery in Mysore manufactures beer brands especially Budweiser, Knock out and Beck’s Ice, is the company’s third unit in the world that has shifted to the renewable source to meet its energy demands. The other two are in the US. The Mysore unit of World’s biggest beer giant Anheuser-Busch (AB InBev) in Karnataka has shifted from […] Read more
Punjab Canal Solar Power Projects Have 1,500 MW Potential: Minister Updated On Thu, Jun 7th, 2018 by Saurenergy The minister claimed that the canal-top solar photovoltaic projects have been designed in such a fashion that the canal banks are not touched for the safety of the canal and inhabitants in the vicinity of the canals. Punjab Power and Renewable Minister Gurpreet Singh Kanger stated that the state has a potential of more than […] Read more
R K Singh Asks States to Speed Up Work under Saubhagya; Assures All Possible Support Updated On Thu, Jun 7th, 2018 by Saurenergy The Power Minister further said that draft on amendments to Electricity Act will also be circulated soon. The Renewable Energy Minister R K Singh has discussed the progress of work under Saubhagya, Gram Swaraj Abhiyan and Deen Dayal Upadhyaya Gram Jyoti Yojna in a ‘Review, Planning and Monitoring (RPM) Meeting’ with the secretaries of power/ energy […] Read more
