Azure Power Secures $163 Million Investment for 300 MW Solar Project Updated On Fri, Jul 2nd, 2021 by Saurenergy NYSE listed Azure Power, has secured a USD 163 million investment led by Tokyo-headquartered Mitsubishi UFJ Financial Group (MUFG). This investment is five-year syndicated financing for a 300 MW solar plant to be developed in Rajasthan. With this, Azure follows Adani Green energy in getting MUFG on board. MUFG is the third renewables project financing […] Read more
India’s Solar Power Tariffs Rising After Hitting Record Lows in 2020: IEEFA Updated On Thu, Jun 24th, 2021 by Saurenergy Solar tariffs are deflationary. Prices have fallen by 75% in seven years in India, and in 2020 solar tariffs hit record lows, writes Vibhuti Garg, Energy Economist and Lead India at Institute for Energy Economics and Financial Analysis (IEEFA). From 2019 to the first quarter of 2020, most of India’s newly-auctioned solar projects saw tariffs […] Read more
Sri Lanka To Purchase 75% Equipment from India For India-funded Projects Updated On Mon, Jun 21st, 2021 by Saurenergy Recently, we reported that India extended a USD 100 million Line of Credit (LOC) to Sri Lanka for various solar energy projects. Now, for those solar projects, Sri Lanka will purchase the equipment and materials from India itself. That USD 100 million LOC is a 15-year loan of a fixed rate of 1.75% and that […] Read more
Tata Motors & Tata Power Inaugurate India’s Largest Solar Carport in Pune Updated On Fri, Jun 18th, 2021 by Saurenergy Tata Motors and Tata Power today jointly inaugurated India’s largest grid-synchronized, behind-the-meter solar carport at the Tata Motors car plant in Chikhali, Pune. The 6.2 MWp solar carport deployed by Tata Power will generate 86.4 lakh kWh of electricity per year and is estimated to reduce 7,000 tons of carbon emissions annually and 1.6 lakh tons […] Read more
SJVN & NDMC Agree Terms For 150 MW Solar Power Sale Updated On Wed, Jun 16th, 2021 by Saurenergy Hydroelectric power generation company SJVN has announced an agreement with the New Delhi Municipal Council (NDMC) to sell 150 MW of solar power from SJVN projects that it plans to bid and develop under the Central Public Sector Undertaking (CPSU) Scheme. In accordance, NDMC will purchase this solar power at a rate of Rs. 2.44/kWh tariff […] Read more
Eco Wave Power Joins EU-funded ILIAD Project Worth €17 million Updated On Thu, Jun 10th, 2021 by Saurenergy Onshore wave energy technology company Eco Wave Power Global AB has announced its participation in the ILIAD Consortium, which has been awarded €17 million by the European Union (EU) as part of the €1 billion European Green Deal. The Israel-based company has developed an innovative technology that produces clean electricity from ocean and sea waves […] Read more
BPCL Floats Tender For 15 MW of Open Access Renewable Power Updated On Tue, Jun 8th, 2021 by Saurenergy Oil and Gas major Bharat Petroleum Corporation Limited (BPCL) has floated a tender for the supply of 15 MW of solar or non-solar Renewable Power under open access to BPCL and its Mumbai Refinery at Mahul. According to the tender document and Power Purchase Agreement (PPA), the scope of work for supplier includes evacuating solar […] Read more
Solar Alliance Signs Agreement for First U.S. Operating Asset Updated On Thu, May 27th, 2021 by Saurenergy Recurring revenue over 30-year project life in New York State seen as “significant catalyst” for U.S. growth plans Solar Alliance Energy Inc. is pleased to announce it has signed a binding Letter of Intent (the “Agreement”) with Abundant Solar Power Inc. (“Abundant”) to build, own and operate a 350 kilowatt (“kW”) solar project in New […] Read more
1.2 GW Wind Tender With ISTS From SECI. MP To Be Key Power Buyer Updated On Wed, May 26th, 2021 by Saurenergy Large tenders for renewable energy have returned after a short gap, this time with a Wind tender. The Solar Energy Corporation of India (SECI) has issued a tender for setting up of 1,200 MW interstate transmission system (ISTS)-connected wind power projects (Tranche-XI). Projects can be located anywhere in India, although power procured by SECI from […] Read more
