Ingka Group (IKEA) Acquires 9 Solar Power Projects in Europe for €340 Million Updated On Thu, Apr 7th, 2022 by Saurenergy Sweden-based Ingka Group, which owns the majority of IKEA stores globally, has announced that it has acquired nine solar power park projects in Germany and Spain for €340 million. The combined capacity of the solar projects comes to 440 MW. The Ingka Group solar has acquired the portfolio from solar power developer ENERPARC. Four solar power projects […] Read more
MNRE Softens, Extends ALMM Compliance Date to October 1, 2022 for Open Access, Net Metering Projects Updated On Tue, Mar 29th, 2022 by Saurenergy In a major effort to reconcile the demands of developers vis a vis domestic manufacturers, the Ministry of New and Renewable Energy (MNRE), in a fresh office memorandum yesterday (March 28), has extended the start date of compliance with ALMM list for all open access and Net metering projects to October 1, 2022, from April […] Read more
DISPA recommends keeping C&I projects outside ambit of ALMM List Updated On Mon, Mar 28th, 2022 by Saurenergy In response to a petition filed by the Distributed Solar Power Association (DiSPA), the Delhi High-Court has sought clarification from the Ministry of New and Renewable Energy (MNRE), on the provisions they have made to protect ongoing projects, which could be negatively impacted with the extension of ALMM to projects under open access and net […] Read more
OX2 Buys 500 MW Wind and Solar Projects in Greece Updated On Fri, Mar 25th, 2022 by Saurenergy OX2 AB has announced that it has acquired two important portfolios of wind and solar development projects in Greece. The Swedish renewables developer said that the combined capacity of the two is in excess of 500 megawatt (MW). OX2 informed that the wind and solar projects are located in different regions of Greece. They are […] Read more
Austria will Release €250 million for Wind and Solar Projects Updated On Thu, Mar 24th, 2022 by Saurenergy Rising energy costs due to the Russia-Ukraine conflict have pushed up overall inflation in Austria and this has caused the Austrian government to come up with a plan to expand the renewable energy sector in the country. The government has revealed that it will provide financial assistance of €250 million for the development of solar […] Read more
‘Grandfathering’ Of Solar Projects Bid Out Before March 9, 2021 Back on Agenda Updated On Thu, Mar 24th, 2022 by Saurenergy The thorny issue of protecting projects that were bid out before March 9, 2021 subsequent to which the Power and MNRE Minister R.K. Singh announced plans to impose high customs duties on Solar module and cell imports, moved a step closer to a resolution it seems. Mr Singh has confirmed that the MNRE ministry has […] Read more
MNRE to Give Three Months’ Relief in SCD of Wind Energy Projects Updated On Wed, Mar 23rd, 2022 by Saurenergy The Ministry of New and Renewable Energy (MNRE) has decided to give an extra three months relief to wind power developers whose projects could not be commissioned in time due to the second wave of Covid-19 and also the onset of monsoon. Earlier, the MNRE allowed the period of disruption from April 1, 2021 to […] Read more
Shell Announces 17 GW Offshore Wind Projects in Brazil Updated On Tue, Mar 22nd, 2022 by Saurenergy Global oil and gas conglomerate Shell has announced that it has applied for environmental investigation licences with Institute for the Environment and Natural Resources (IBAMA), Brazil, for the development of six offshore wind projects. The total capacity of the six projects comes up to 17 GW. Shell has overtaken Ventos do Atlântico that has 15 GW licenses […] Read more
Adani Green (AGEL) Raises $288 Million for Renewable Energy Projects Updated On Tue, Mar 22nd, 2022 by Saurenergy Renewable major Adani Green Energy Ltd (AGEL) has raised $288 million afresh from a group of global lenders through green project loan agreements. The facility has been raised to fund the under-construction renewable asset portfolio of the company. AGEL has said through an official statement that the new loan will help the company to initially […] Read more
