Green Bank Network Earmarks $10 Billion for Green Projects Updated On Fri, Nov 30th, 2018 by Saurenergy Green Bank members invest across multiple technology platforms such as wind, utility, and small-scale solar, energy efficiency, low-carbon transport etc,. Green Bank Networks, specialized financial institutions involved in financing green projects, are expected to shell out $41 billion in as capital for projects around the globe. Green Bank members invest across multiple technology platforms such […] Read more
European Commission Approves 600 Million Euros in State Aid to French Solar Projects Updated On Thu, Nov 29th, 2018 by Saurenergy The approval has been given under EU State aid rules which prohibits financial support by the government towards a business entity unless it is justified The European Commission has given its approval to a measure of providing stat sponsored financial support of 600 million euros innovative solar power installations in France. The approval has been […] Read more
Canadian Solar Acquires 100% of Suzlon’s Telangana Solar Projects Updated On Mon, Nov 26th, 2018 by Saurenergy Suzlon sold its Amun Solar Farms and Avighna Solar Farms for a total of Rs 280.11 million to the Canadian global module supplier and solar project developer. Canadian Solar acquired the remaining 51% stake in two solar projects in Telangana from Suzlon Energy. The two projects have capacity of 15 MW each. Suzlon sold its […] Read more
GoI, ADB Lend $300 Mn via IIFCL to Fund Projects Including Renewables Updated On Sat, Nov 17th, 2018 by Saurenergy ADB funding is expected to fund at least 13 sub-projects through IIFCL, involving roads and renewable power generation, under the last tranche, says Kenichi Yokoyama. The Government of India (GoI) and Asian Development Bank (ADB) signed a USD 300 million loan agreement to support lending by India Infrastructure Finance Company (IIFCL). The Ministry of Finance […] Read more
Azure Q2 Loss Narrows to Rs 29.8 Cr on Revenue from New Projects Updated On Thu, Nov 15th, 2018 by Saurenergy Further, the consolidated operating revenues of the company increased by Rs 40.2 crore, or 22 per cent to Rs 2,22.6 crore during Q2 2018-19, against the same period last year. Leading independent solar power producer Azure Power Global reported its consolidated net loss narrowed significantly to Rs 29.8 crore during the July-September quarter of FY19, driven […] Read more
Rupee fall puts Rs 28,000 crore solar projects at risk Updated On Wed, Oct 31st, 2018 by Saurenergy With safeguard duty, this can crank up tariffs by 30 paise/unit for future projects Nearly half of the solar power capacities under implementation worth ~Rs 28,000 crore face viability risk because of the continuous fall in the rupee, which has made imported solar modules costlier and increased the cost of setting up solar plants. These […] Read more
Results of E-Bidding and E-RA for 1200 mw ISTS-Connected Wind Power Projects (Tranche-v) Updated On Sat, Oct 27th, 2018 by Saurenergy SOLAR ENERGY CORPORATION OF INDIA LIMITED Selection of 1200 MW ISTS-connected Wind Power Projects (Tranche-V) (RfS No: SECI/C&P/WPD/1200MW/T5/RfS/022018 dated 30.06.2018) After Technical Bid Opening After e-Reverse Auction (held on 25.09.2018) Sl. No. Bidder’s Name Capacity (MW) Bidder’s Name Bidder’s Quantity (MW) Tariff (INR/kWh) Awarded capacity (MW) 1 Alfanar Company 300 Torrent Power Limited 115 2.76 […] Read more
GCL Strengthens Solar Projects Within ‘Belt and Road’ Countries Updated On Tue, Oct 23rd, 2018 by Saurenergy At the 2018 International Forum on Energy Transitions (the “Forum”) in Suzhou, China, Mr. Zhu Gongshan, Chairman of GCL Group (the “Group”), and Mr. Luo Xin, President of GCL System Integration Technology Co., LTD. (SZ: 002506) (“GCL-SI”), the world’s leading one-stop solutions provider for solar projects, offered an update on the Group’s growth and expansion in […] Read more
Sterling and Wilson to Strengthen Footprints in Kazakhstan; Mulls 200MW Solar Projects Updated On Thu, Oct 11th, 2018 by Saurenergy The country is working to increase the share of renewable energy in electricity generation, which is expected to reach 3 percent by 2020 and 10 percent by 2030. One of the leading solar EPC solutions providers Sterling and Wilson has planned to strengthen its footprints in Kazakhstan. The company is targeting a CPE (electrical performance […] Read more
