Is An ‘Andhra Discount’ Coming For Indian Renewables? Updated On Wed, Nov 6th, 2019 by Saurenergy As the Imbroglio over Andhra Pradesh’s effort to renege on its signed PPA’s continues to simmer, the state government is implementing the classic payments squeeze to force firms to come to the negotiating table. Successful or not, this has already damaged India’s credibility with potential and existing investors This week has all about India’s refusal […] Read more
CPPIB to Acquire Pattern Energy in All-Cash Deal Updated On Tue, Nov 5th, 2019 by Saurenergy Moreover, the Pattern Energy stake transaction is expected to be completed by the second quarter of 2020, subject to required regulatory approvals, and other customary closing conditions. Canada Pension Plan Investment Board (CPPIB), a professional investment management organization, has entered into a definitive agreement to buy Pattern Energy in an all-cash transaction for USD 26.75 […] Read more
Tata Power’s Renewable Arm Gets LoA to Develop 150 MW Solar Project Updated On Sat, Nov 2nd, 2019 by Saurenergy As per the deal, the energy will be supplied to Tata Power – D under a long-term PPA for 25 years from the scheduled commercial operation date. Renewable arm of utility giant Tata Power, Tata Power Renewable Energy Ltd (TPREL) has got a Letter of Award (LoA) from Tata Power – Distribution (Tata Power – […] Read more
Intersect Power Inks Long-term PPA with Direct Energy for 250 MW Solar Project Updated On Fri, Nov 1st, 2019 by Saurenergy Moreover, the Athos I project is likely to kick start construction in June 2020 and Athos II in October 2020. Utility-scale renewable energy developer Intersect Power has signed a long-term power purchase agreement (PPA) with Direct Energy Business for Intersect Power’s 250 MW (MWAC) solar project. Direct Energy Business is a part of Direct Energy, one of North America’s largest […] Read more
Solar Power and Agriculture: Can There Be a Happy Coexistence? Updated On Fri, Nov 1st, 2019 by Saurenergy News yesterday that cranberry farmers in Massachusetts, US, are trying out solar installations on their farms to get some extra income has put the focus back on one of the biggest critiques of solar power. That there simply isn’t enough land that meets the requirements of sunlight, proximity to the transmission grid, and a ready […] Read more
At Rs 2.71, Developers Hold Their Ground on SECI’s ISTS-VI Auction Updated On Fri, Nov 1st, 2019 by Saurenergy In the latest auction for 960 MW of inter-state transmission system (ISTS-VI) connected solar projects, SECI has declared ReNew Power (300 MW) at Rs 2.71 /kWh, Avaada Energy (300 MW) at Rs 2.71 /kWh, Masaya Solar Energy (UPC Renewables) (300 MW) at Rs 2.71/kWh, and Tata Power (60 MW) at Rs 2.72 /kWh as winners. For […] Read more
ABB Acquires Chinese EV Charging Provider Chargedot Updated On Tue, Oct 29th, 2019 by Saurenergy ABB is to acquire a majority stake of 67 percent in Shanghai Chargedot New Energy Technology, a leading Chinese e-mobility solution provider. ABB is to acquire a majority stake of 67 percent in Shanghai Chargedot New Energy Technology Co., Ltd. (Chargedot), a leading Chinese e-mobility solution provider. The transaction is expected to be completed in […] Read more
US Non-Residential Storage Market to Grow 10-Fold by 2024 Updated On Mon, Oct 28th, 2019 by Saurenergy Non-residential storage system costs will fall by 27% in the US by 2024 and that this will help drive a tenfold growth in the market in that period New research has revealed that non-residential storage system costs will fall by 27 percent in the US over the next five years and that this fall in […] Read more
Will The Recent Reduction in Corporate Tax Impact The Domestic Solar Market Too? Updated On Mon, Oct 28th, 2019 by Saurenergy With an aim to provide much needed support to boost manufacturing sector in the country and to make them more competitive in the global market, Finance Minister Nirmala Sitharaman,in September, announced a significant reduction in corporate tax rate from 30 percent to 22 percent and for new manufacturing companies to 15 percent. Here are some […] Read more
