China & India to Lead Revival of Electricity Demand in 2021: IEA Updated On Wed, Dec 16th, 2020 by Saurenergy After experiencing its biggest decline in decades, global electricity demand is expected to rebound in 2021, led by growth in China & India After experiencing its biggest decline in decades, global electricity demand is expected to rebound modestly in 2021, led by growth in China, India and other emerging economies, according to a new report […] Read more
IREDA experienced lowest revenue growth in last 15 years Updated On Tue, Dec 15th, 2020 by Saurenergy Indian Renewable Energy Development Agency (IREDA) has signed a Memorandum of Understanding (MoU) with the Ministry of New and Renewable Energy (MNRE) on 2 November 2020 and set a revenue target of Rs 2,406 crore for 2020-21. The exercise is a standard practice among all government backed PSU’s. With this, it is looking forward to a 1.6 […] Read more
EESL, MSEDCL Commission 8 MW Solar Agro Project at Devdaithan Updated On Tue, Dec 15th, 2020 by Saurenergy EESL and MSEDCL have commissioned an 8 MW solar-agro project at Devdaithan. The work on the project was completed in six months. Energy Efficiency Services Limited (EESL) and Maharashtra State Electricity Distribution Company Limited (MSEDCL) have commissioned a 7987 kWp (8 MW) solar-agro project at Devdaithan. The work on the project was completed in six […] Read more
Fitch Ratings Bumps Up IREDA Credit Ratings Updated On Mon, Dec 14th, 2020 by Saurenergy Global ratings agency, Fitch Ratings has upgraded Indian Renewable Energy Development Agency Limited ‘s (IREDA) Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDRs) and long-term senior unsecured rating to ‘BBB-‘ from ‘BB+’. The Outlook is Negative. At the same time, Fitch has upgraded the Short-Term IDR and the short-term senior unsecured rating to ‘F3’ from […] Read more
NSEFI, SolarPower Europe Launch O&M Best Practices Guidelines for Solar in India Updated On Fri, Dec 11th, 2020 by Saurenergy NSEFI and SolarPower Europe have launched the Indian edition of the O&M best practices for solar during the Smarter E India conference. The National Solar Energy Federation of India (NSEFI), along with SolarPower Europe, has jointly launched the Indian edition of the Operation and Maintenance (O&M) best practices for solar during the Smarter E India […] Read more
MNRE Seeks Comments on Draft Tender for Component-B of KUSUM Scheme Updated On Fri, Dec 11th, 2020 by Saurenergy MNRE has requested comments on the draft tender prepared by EESL for the installation of standalone solar pumps under component-B of KUSUM. The Ministry of New and Renewable Energy (MNRE) is implementing the PM-Kisan Urja Suraksha Evam Utthan Mahabhiyan (KUSUM) scheme under which standalone solar pumps are being installed with government financial support. During FY […] Read more
Britishvolt Finalises Site For Britain’s First Battery Gigaplant Updated On Fri, Dec 11th, 2020 by Saurenergy Britishvolt, which had signed an MOU for the country’s first Gigaplant sometime back, has finally identified a site at Blyth, Northumberland for the plant. With an investment of 2.6 billion Euros, construction is expected to start in the second quarter of 2021. The massive plant is seen as vital to supporting the UK’s push for […] Read more
763.47 MW Added in November, India’s Total RE Capacity Surpasses 90 GW Updated On Fri, Dec 11th, 2020 by Saurenergy India’s renewable energy (RE) capacity has surpassed the 90 GW mark, with 763.47 MW of new capacity added during the penultimate month of 2020. The Ministry of New and Renewable Energy (MNRE) has issued a monthly summary for the Cabinet for the month of November 2020, detailing all the events and development that took place […] Read more
Amazon Adds 26 new Solar and Wind Projects, Takes 2020 Total Beyond 4 GW Updated On Fri, Dec 11th, 2020 by Saurenergy Amazon has added 26 new wind and solar projects totaling 3.4 GW of electricity production capacity to its corporate purchase portfolio. Global e-commerce major, Amazon has announced that it has added 26 new utility-scale wind and solar energy projects totaling 3.4 gigawatts (GW) of electricity production capacity to its corporate purchase portfolio. With the latest […] Read more
