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
MNRE Introduces New Mode-7 For Development of RE Parks Updated On Wed, Mar 13th, 2019 by Saurenergy A Payment Security Mechanism will be set up by SECI to ensure continuous payment to the power developers and mitigate any payment risk due to default in payment by Discoms. The Ministry of New and Renewable Energy (MNRE) in order to address the two most critical elements when developing a renewable energy project/park has issued […] Read more
Greenko ropes in Siemens for 46% stake in Poovani Project Updated On Tue, Mar 12th, 2019 by Saurenergy German power and energy major Siemens confirmed on Monday that its financial services arm has picked up 46 percent stake in Greenko Group’s 200 MW Poovani wind power project in Tamil Nadu for an undisclosed amount. Its financial subsidiary Siemens Financial Services (SFS) has signed a definitive agreement with Greenko Group for the 46 percent equity investment, making […] Read more
Breakthrough! Gujarat Finally Relents, Central Wind Energy Projects to Move Updated On Tue, Mar 12th, 2019 by Saurenergy After months of uncertainty, the Gujarat government has finally budged, agreeing to making land available for Wind Energy projects bid out by SECI, the ‘central’ agency responsible for them. The news of Gujarat’s change in stance will be welcomed by SECI and developers alike, because the situation was threatening to get completely out of hand. […] Read more
SECI Issues Three NITs to Set-Up Solar Projects in UP, MP, Andhra Updated On Mon, Mar 11th, 2019 by Saurenergy The detailed Request for Selection Document (RfS) for all the three solar power projects in UP, MP and AP respectively will be available for download for interested bidders latest by April 30, 2019. The Solar Energy Corporation of India (SECI) has issued three Notice Inviting Tenders (NITs), inviting online bids for the development of solar PV […] Read more
Will 2 Paise per Unit toll Smoothen the Renewables Road? Speedbreakers remain Updated On Mon, Mar 11th, 2019 by Saurenergy News Reports confirm that the Centre has floated a fresh incentive of 2 paise per unit produced for new projects in states. The latest news of the central government introducing a financial incentive for states when it comes to renewable energy production hopes to tackle two key issues facing developers. land and distribution access for […] Read more
Solar Tender For 60 MW Rooftop Projects Issued by REMCL Updated On Thu, Mar 7th, 2019 by Saurenergy The last date of bid submission is April 30, 2019. The Railway Energy Management Company Limited (REMCL), a joint venture of the Indian Railways and RITES Limited, has invited bids to set up total capacity of 60.17 MW of rooftop solar PV power projects on the rooftops of offices, buildings, and railway establishments across the zonal […] Read more
Iberdrola and IFIT Back RE in the Canary Islands to Contribute to Energy Transition Updated On Wed, Mar 6th, 2019 by Saurenergy The commissioning of their first wind farm in the islands is an example of a model to be followed: competitive and sustainable energy developed by local partners and world-class developers, that creates jobs and contributes to communities. Iberdrola and its local partner Inversiones Financieras Isla de Tenerife (IFIT), are backing the development of renewable energy […] Read more
World Bank Approves $185 Mn Fund to Help Bangladesh Expand RE Updated On Tue, Mar 5th, 2019 by Saurenergy The World Bank has approved $185 million to add up to 310 MW in renewable energy generation capacity in Bangladesh and mobilize private sector participation to meet the growing demand for electricity in the country. The ‘Scaling-up Renewable Energy Project’ will increase the installed capacity of renewables through piloting and expanding investments in key market segments. It will […] Read more
