DERC Approves PSA Between SECI and Tata Power-DDL For Sale of 50 MW Wind Power Updated On Fri, Mar 22nd, 2019 by Saurenergy The Delhi Electricity Regulatory Commission (DERC) has approved the Power Sale Agreement (PSA) between the Solar Energy Corporation of India (SECI) and Tata Power Delhi Distribution Limited (TPDDL) for the sale of 50 MW of wind power. The order was passed after TPDDL had petitioned the commission to approve the PSA and adopt a tariff […] Read more
InfraCo Africa Signs $2.2 M Loan Agreements with Gigawatt Global Updated On Fri, Mar 22nd, 2019 by Saurenergy InfraCo Africa has signed $2.2 million convertible loan agreements with energy developer Gigawatt Global for the development of the Samburu Solar and Transmara Solar projects in Kenya. Each with a capacity of 10MWAC, the sister facilities will generate clean, reliable electricity in some of the poorest counties in the country. The financing committed by InfraCo Africa will […] Read more
ADB Commits $50 Mn in Noida-Based Solar Power Developer Avaada Updated On Wed, Mar 20th, 2019 by Saurenergy The multi-lateral funding agency said the investment contributes to ADB’s goal to provide cumulative climate finance of $80 billion from 2019 to 2030. The Manila based Asian Development Bank (ADB) announced that it has inked an agreement to invest $50 million in solar energy project developer Avaada Energy Pvt Ltd to help the company scale up rapidly. The investment will […] Read more
RfS For 1200 MW Solar Power Projects Released (ISTS-IV) Updated On Wed, Mar 13th, 2019 by Saurenergy The maximum tariff payable to the Project Developer is fixed at Rs 2.65/ kWh for 25 years. The Solar Energy Corporation of India (SECI) has released the detailed Request for Selection (RfS) document for selection of solar power developers (SPDs) for setting up of 1200 MW ISTS Connected Solar Power Projects (ISTS-IV) on a pan […] Read more
Reliance Issues EoI For Procurement of Renewable Power Updated On Wed, Mar 13th, 2019 by Saurenergy The last date for bid submission is March 25, 2019. Reliance Industries Limited (RIL) has invited Expression of Interest (EoI) for procurement of renewable energy from Generators, IPPs, DISCOMS, CPPs & Traders having valid Inter/Intra State Trading License issued by CERC or SERC for interstate and/or intrastate trading of energy for meeting its RPO. The […] Read more
NOVEC Signs 300 MW Agreement to Bring Low Cost Solar Power to Virginia Updated On Thu, Feb 21st, 2019 by Saurenergy The solar facilities involved in the agreement are expected to produce enough electricity to power nearly 73,000 homes, or the equivalent of taking nearly 37,000 passenger vehicles off the road. Northern Virginia Electric Cooperative (NOVEC), the 11th largest electric cooperative in the U.S. and D. E. Shaw Renewable Investments (DESRI) have reached an agreement for […] Read more
MAHAGENCO Issues Tender For 138 MW Solar Power Projects Updated On Tue, Feb 19th, 2019 by Saurenergy The last date of submission of bids for this tender is March 06, 2019. The Maharashtra State Power Generation Company Limited (MAHAGENCO) has issued a tender for selection of solar power developers (SPDs) for the deployment of 138 MW cumulative capacity of grid-connected solar PV power projects at various locations in the vicinity of the power stations […] Read more
RfS For Procuring Power From Hybrid Projects in Andhra Pradesh Updated On Fri, Feb 15th, 2019 by Saurenergy The last date for the submission of bids is March 18, 2019. The Southern Power Distribution Company of Andhra Pradesh Limited (APSPDCL) and Eastern Power Distribution Company of Andhra Pradesh Limited (APEPDCL), jointly referred as APDISCOMs, have issued a Request for Selection (RfS) to procure 600 MW of power from Wind-Solar Hybrid Projects with Energy […] Read more
Biggest Offshore Wind Farm to Power Up this Week Updated On Tue, Feb 12th, 2019 by Saurenergy When completed will be twice the capacity of the world’s largest offshore wind farm. Danish wind energy solutions provider, Ørsted, has announced that its Hornsea 1 wind farm off the coast of Yorkshire (Britain) is to supply its first power to the UK electricity grid this week. The Danish developer will be installing the first […] Read more
