Rating Agency ICRA Predicts 7-7.5 GW Solar Capacity Additions this Financial Year Updated On Wed, Apr 24th, 2019 by Saurenergy Rating agency ICRA said on April 23 that it has estimated 7-7.5 GW solar power capacity addition during the current financial year, which includes 1 GW of rooftop solar. “The domestic solar power capacity addition is expected at around 7 GW to 7.5 GW (including around 1 GW of rooftop solar capacity) in FY 2020 as […] Read more
CleanMax Solar Secures Rs 275 Cr Investment From UK Climate Investment Updated On Wed, Apr 24th, 2019 by Saurenergy Mumbai-based solar power developer CleanMax Solar has raised Rs 275 crore in equity funding from UK Climate Investments (UKCI). UKCI will underpin the development of a nationwide network of solar farms following the agreement to invest £30 million in one of India’s leading providers of renewable energy for commercial and industrial clients, CleanMax Solar. Founded […] Read more
Is India’s Price Sensitive Renewables Market Leading to Compromises on Latest Technology? Updated On Tue, Apr 23rd, 2019 by Saurenergy India’s renewables market is quiet price sensitive. Does this sensitiveness lead to compromises on the latest technology front? Here we have taken a quick opinion on this from few industry veterans, see what they say… “Yes, I do agree that India is a price sensitive market due to highly competitive tariffs, and it witnessed continuous […] Read more
April 17 Killer Storm hits Bhadla Solar Park too, as Developers Count Damages Updated On Mon, Apr 22nd, 2019 by Saurenergy The Bhadla Solar Park, the showpiece solar park in Rajasthan, seems to have been hit significantly by the storm on April 17. Risks to Solar Installations from natural causes are an ever present one, and something most firms try to hedge against by way of quality of construction, insurance and a prayer perhaps. At Bhadla […] Read more
SECI Issues NIT For 100 MW Solar PV Projects at Singareni Collieries Updated On Wed, Apr 17th, 2019 by Saurenergy Tender documents for the project will be uploaded on the TCIL Portal and the Central Public Procurement Portal (CPPP) of GoI by April 22, 2019. The Solar Energy Corporation of India (SECI) has issued a Notice Inviting Tenders (NIT) for setting up of 100 MW of Solar PV Power Plant under different packages at Singareni […] Read more
India’s Solar Sector Expected to Outperform Globally Despite Challenges: Report Updated On Tue, Apr 16th, 2019 by Saurenergy A new report by Fitch Solutions has predicted that the Indian solar power capacity will grow at an annual average rate of 15.3 percent to reach 105.9 GW by 2028, up from 26 GW in 2018. The report highlights that India will continue to outperform rival markets over the next decade as recent problems such […] Read more
CERC Passes Order, GST to be Covered Under “Change in Law” Updated On Tue, Apr 16th, 2019 by Saurenergy The Central Electricity Regulatory Commission (CERC) has in its latest order observed that the enactment of Goods and Services Tax (GST) that came into effect from July 1, 2017, will be covered under ‘Change in Law’. The commission issued the order in response to a petition filed by Parampujya Solar Energy Pvt. Limited (PSEPL), a […] Read more
Mumbai Housing Complex Goes Solar, To Reduce Electricity Bill by 70% Updated On Tue, Apr 16th, 2019 by Saurenergy This would be the equivalent of reducing 140 diesel cars a month and around 1,700 such cars a year from Mumbai’s roads. In what is, perhaps, the largest renewable energy project in the city, a housing society in the Mumbai suburbs is looking at cutting its electricity bill by 70% by generating 700-kW solar energy […] Read more
Solar Waste Management and Manufacturing Standards Policy Needed: Report Updated On Fri, Apr 12th, 2019 by Saurenergy The government needs to bring out a policy on solar module waste management and standards for use of material for manufacturing, according to consultancy Bridge To India. “There is an urgent need to formulate appropriate quality standards for use of environmentally sustainable materials in manufacturing of modules. This will help in minimising potentially hazardous end-of-life […] Read more
