Hero Group & Azure Power Plan To Raise $500 Million Each Through Bond Sale Updated On Thu, Apr 18th, 2019 by Saurenergy Hero Group’s renewable energy arm and Azure Power are gearing up to raise $1 billion by selling bonds to overseas investors over the next few weeks in separate offerings, according to people briefed on the matter. Both the Delhi-based green power rivals are looking raise $500 million each and have appointed investment banks to underwrite […] Read more
First Bids Under IL&FS Asset Monetisation Expected Soon Updated On Mon, Mar 18th, 2019 by Saurenergy The sale of its renewable energy business will reduce the total debt of IL&FS by Rs 5,000 crore. Cash-strapped IL&FS Group will receive first set of bids under the asset monetisation process on Monday as part of the resolution process, according to sources. The company’s board will later consider bids for Rs 8,000 crore renewable energy business that […] Read more
Siemens AG Launches Junelight Smart Battery For Residential Customers Updated On Fri, Mar 15th, 2019 by Saurenergy Siemens AG, Europe’s largest industrial manufacturing company has made its move into the battery storage system segment with the launch of its Junelight Smart Battery System recently. With the Junelight Smart Battery, Siemens is offering its first battery storage specially geared to the requirements in private homes for the storage and use of self-generated energy. […] Read more
MSEDCL, Regulator to Consult Wind Power Players for Zone Disputes: Bombay HC Updated On Mon, Sep 24th, 2018 by Saurenergy The high court’s decision came out as a relief for the developers as it affirmed that the authority would make sure that the developers are heard before any decision is made regarding the reclassification of wind power zones. Bombay High Court has directed Maharashtra’s discom Maharashtra State Electricity Distribution Company (MSEDCL) and the state’s electricity […] Read more
India Won’t Impose Safeguard Duty on Imported Solar Equipment Updated On Thu, May 31st, 2018 by Saurenergy The decision had different effects on solar players in the country. On the one hand it had delighted manufacturers while as on the other hand it alarmed developers about the steep rise in input costs. Overruling the directorate general of safeguards’ recommendation of 70% levy on imported solar equipment, the government has reversed the decision […] Read more
Anti-Dumping & Safeguard Duty: A Battle Still Remain to be Fought on the Ground Updated On Thu, Apr 12th, 2018 by Saurenergy Inspite of, the Directorate General of Anti-Dumping (DGAD) has recently terminated the anti-dumping probe on import of solar cells and modules from China, Taiwan and Malaysia on the back of current petition withdrawn by the Indian Solar Manufacturers Association (ISMA) itself in March FY18. There’s still a journey of rocky road ahead to be travelled […] Read more
Solar Projects: Yes Bank to Mobilise USD 1 Billion by 2023 for Clean Energy Updated On Thu, Jan 18th, 2018 by Saurenergy Yes Bank made at the the announcement at the International Solar Alliance (ISA) conference organised at World Future Energy Summit 2018 in Abu Dhabi. In a significant development, Yes Bank, India’s fifth largest private sector bank, said it will mobilise USD 1 billion by 2023 for financing solar energy projects in India. The announcement was […] Read more
Investonomics on Indian Sun is Hot! Updated On Tue, Nov 7th, 2017 by Saurenergy Today, solar power is not merely a power demand catalyst rather this sector preaches colossal economics in the world affairs. Clouds around solar sector have dynamically revolved as murmurs of its transient nature of solar power are eluded. Solar and wind projects in the country would attract USD 20 billion investment each year from next […] Read more
Indian Solar Capacity to Hit 20GW by FY 2017-18 Updated On Thu, Nov 2nd, 2017 by Saurenergy According to a report released by consulting firm Bridge to India, India is expected to reach an installed solar capacity of 20 gigawatts by the end of the present financial year (2017-18). This was the initial target under the National Solar Mission for March 2022, which was later updated to 100 gigawatts. The current utility […] Read more
