New Net-Metering cap Risks Stalling Rooftop Solar Progress in India: IEEFA Updated On Mon, Feb 22nd, 2021 by Saurenergy A new regulation that excludes rooftop solar systems over 10 kW from net metering could stall progress for rooftop solar targets of India A new regulation that excludes rooftop solar systems over 10 kilowatts (kW) from net metering will stall the adoption of larger installations in India, undermining progress towards the government’s rooftop solar target […] Read more
Greece’s Mytilineos Acquires 1.48 GW Solar Portfolio, 21 Battery Storage Projects Updated On Fri, Feb 19th, 2021 by Saurenergy Greece-based industrial conglomerate – Mytilineos has announced it has completed the acquisition of a portfolio of 20 solar farms in progress with a total capacity of 1.48 GW, owned by Egnatia Group, as part of its strategic planning for a significant expansion in Renewable Energy Sources (RES), both in Greece and abroad. The entire portfolio […] Read more
MERC Orders SECI to Compensate MSEDCL for Delayed Solar Projects Updated On Thu, Feb 18th, 2021 by Saurenergy MERC has directed SECI to compensate MSEDCL as per a Power Sale Agreement (PSA) signed between the two entities for delayed solar projects. The Maharashtra Electricity Regulatory Commission (MERC) in its latest order has directed the Solar Energy Corporation of India (SECI) to compensate Maharashtra State Electricity Distribution Company Limited (MSEDCL) as per a Power […] Read more
Trimark Wins SCADA Mandate for 2165MWh Terra Gen Storage Project Updated On Thu, Feb 18th, 2021 by Saurenergy Trimark Associates, has won the rights to the SCADA portion of the Edwards & Sanborn project, the world’s largest solar-plus-storage (PV+BESS) project currently under construction. Located in Kern County, California, the project weighs in at 1,118 megawatts (MW) of solar and 2,165 megawatt-hours (MWh) of energy storage. The project is owned by Terra-Gen, while Mortenson Construction acts as the Engineering, […] Read more
Global Capital Pool Mobilising to Invest in Renewable Projects in India: IEEFA Updated On Tue, Feb 16th, 2021 by Saurenergy A new IEEFA report has detailed how a huge global capital pool is mobilising to invest in renewable energy and grid projects in India. A new report has detailed how a huge global capital pool is mobilising to invest in renewable energy and grid projects in India. According to the Institute for Energy Economics and […] Read more
Another 1 Month Extension for SECI’s 15 MW Floating Solar Tender in Himachal Updated On Tue, Feb 16th, 2021 by Saurenergy SECI has now, for the 8th time, extended the bid deadline for its tender for 15 MW floating solar plant at the Nangal Pond in Himachal The Solar Energy Corporation of India (SECI) has now, for the eighth time, extended the bid submission deadline for its tender for the selection of a project developer for […] Read more
KKR’s Indian Renewable Venture ‘Virescent’ Assigned ‘AAA’ Rating by CRISIL Updated On Thu, Feb 11th, 2021 by Saurenergy VRET the InvIT proposed by KKR-backed Indian RE platform Virescent Infrastructure has received a ‘AAA/Stable’ provisional rating from CRISIL Virescent Renewable Energy Trust (VRET), the Infrastructure Investment Trust (InvIT) proposed to be launched by KKR-backed Indian renewable energy platform Virescent Infrastructure, has received a ‘AAA/Stable’ provisional rating for its bank loan facilities from CRISIL, an […] Read more
Rajasthan to Focus On Renewable Energy Projects for Special Package Under IPS Updated On Thu, Feb 11th, 2021 by Saurenergy In a meeting held under the chairmanship of Chief Secretary Niranjan Arya, six renewable energy projects in Rajasthan have been recommended for consideration of a special package under the state’s investment promotion scheme (IPS). According to the sources from meeting, the proposals are from varied sectors like energy, textile, and manufacturing assuring to generate over […] Read more
Europe Invested a Record €26 bn in Offshore Wind in 2020: Report Updated On Tue, Feb 9th, 2021 by Saurenergy Despite COVID constraints, Europe confirmed a record amount of EUR 26.3 billion of investments in new offshore wind farms in 2020. Despite COVID constraints, Europe confirmed a record amount of EUR 26.3 billion of investments in new offshore wind farms in 2020. This will finance 7.1 GW of new offshore wind which will be built […] Read more
