MNRE to Soon Issue Relief Guidelines for Solar Projects Delayed By Coronavirus Updated On Sat, Feb 22nd, 2020 by Saurenergy With an aim to save renewable energy developers from expected delays in project commissioning on the back of lack of supply from China due to spread of coronavirus, the Ministry of New and Renewable Energy (MNRE) will provide extra time for such developers. The move is expected to be in line with the earlier clarification […] Read more
NextEra Energy Sells $2.5 Bn in Equity Units to JP Morgan, Wells Fargo and BofA Updated On Fri, Feb 21st, 2020 by Saurenergy NextEra Energy has announced that it has agreed to sell USD 2.5 billion of equity units to JP Morgan, Wells Fargo Securities, and BofA Securities. NextEra Energy, Inc has announced that it has agreed to sell USD 2.5 billion of equity units to J.P. Morgan, Wells Fargo Securities, and BofA Securities. The transaction is expected to close on February 21, […] Read more
Ministry of Finance Confirms Force Majeure Status for Coronavirus Updated On Thu, Feb 20th, 2020 by Saurenergy In news that should bring some immediate relief to large solar developers, the Ministry of Finance has come out with a clarification on the Coronavirus epidemic. The clarification states that the coronavirus will be covered in the force majeure clause in agreements as a case of natural calamity. That should help developers whose incoming supplies […] Read more
Geronimo Energy and Basin Electric Announce PPA for 128 MW Solar Project Updated On Wed, Feb 19th, 2020 by Saurenergy Geronimo Energy and Basin Electric Power Cooperative have announced the execution of a PPA for the Wild Springs Solar Project. Geronimo Energy, a National Grid company, and Basin Electric Power Cooperative have announced the execution of a Power Purchase Agreement (PPA) for the Wild Springs Solar Project. Wild Springs is a 128 megawatt (MW) solar […] Read more
Over Rs 1.32 Lakh Crore Invested in India’s Renewable Sector Since 2017-18 Updated On Wed, Feb 19th, 2020 by Saurenergy India’s renewable energy sector has seen a total investment of Rs 1.32 lakh crore between FY2017-18 and the current fiscal year India’s renewable energy sector has seen a total investment of Rs 1.32 lakh crore (Rs 132625.89 crore) between the financial year 2017-18 and the current fiscal (until December 31, 2019), Union Minister of Power […] Read more
SECI Scores 9 Bids Worth 3.5 GW in Response to 1.2 GW Solar Tender Updated On Tue, Feb 18th, 2020 by Saurenergy SECI has reported a list of 9 bidders who have submitted bids against the nodal agencies 1.2 GW solar tender (ISTS-VIII) which was issued in January. The Solar Energy Corporation of India (SECI) has reported a list of nine bidders who have submitted prospective bids against the nodal agencies 1.2 GW solar tender (ISTS-VIII) which […] Read more
Solar Projects Worth 3 GW at Risk due to Coronavirus Outbreak: CRISIL Updated On Mon, Feb 17th, 2020 by Saurenergy Nearly 3 GW of solar projects, worth Rs 16,000 crore, could be at risk of penalties for missing their respective SCODs due to Coronavirus outbreak Nearly 3 GW of solar projects, worth Rs 16,000 crore, could be at risk of penalties for missing their respective scheduled commercial operation date (SCOD) if the impact of Coronavirus […] Read more
Engie Commissions 250 MW Solar Project in Andhra Pradesh Updated On Mon, Feb 17th, 2020 by Saurenergy Engie has announced that it has fully commissioned its 250 MW solar project in Andhra Pradesh, with the remaining 50 MW capacity recently commissioned French electric utility firm Engie has announced that it has fully commissioned its 250 MW solar project in Andhra Pradesh. The 200 MW phase was commissioned ahead of schedule in May […] Read more
Avangrid to Develop Oregon’s Largest Solar Farm; Inks 15 Yr PPA with PGE Updated On Wed, Feb 12th, 2020 by Saurenergy Oregon-based fortune 1,000 public utility Portland General Electric (PGE) has entered into a power purchase agreement (PPA) with Avangrid Renewables, an arm of Avangrid Inc., to buy electricity generated through solar power. As per the 15 year deal, the company will purchase power generated from a new 162 MW solar facility. Avangrid Renewables will develop […] Read more
