European Investment Bank Sanctions EUR 200 Million for Indian Large-Scale Solar Power Projects Updated On Mon, Apr 3rd, 2017 by Saurenergy The State Bank of India gets EUR 200 Million long-term loan from European Investment Bank to fund five different solar power projects in Tamil Nadu and Telangana. The European Investment Bank has confirmed new support for solar power generation in India in partnership with the State Bank of India. The EUR 200 million (INR 1400 […] Read more
Solar capacity addition to reach up to 7.5 GW in FY18: ICRA Updated On Sat, Apr 1st, 2017 by Saurenergy Solar capacity addition is expected to increase from 3.5-4 GW in FY17 to at least 7-7.5 GW (in grid connected utility segment) in FY18. Given the number of projects awarded under the National Solar Mission (NSM) and the state policy route in the past 12-18 months, solar capacity addition is expected to increase up to […] Read more
Oriano Solar gets Rs 20 crore from Samridhi Fund Updated On Fri, Mar 31st, 2017 by Saurenergy Rs. 20 crore fund from Samridhi Fund will be used by Oriano Solar to finance working capital requirements and expand 45-member team Mumbai-based startup Oriano Solar has raised series A funding worth Rs 20 crore from Samridhi Fund, which is managed by SIDBI Venture Capital Ltd, a wholly-owned subsidiary of Small Industries Development Bank of […] Read more
Canadian Solar Secures JPY4 Billion Credit Facility with SMFL Updated On Thu, Mar 30th, 2017 by Saurenergy Canadian Solar intends to use proceeds from the facility to expand the development of solar energy projects in Japan. Canadian Solar Inc. has announced that its wholly-owned subsidiary Canadian Solar Projects K.K. has entered into a 3-year credit agreement for JPY4 billion (US$35 million) with Sumitomo Mitsui Finance and Leasing Company, Limited (“SMFL”), a member […] Read more
Azure Power Wins Indian Railway’s Largest Rooftop Solar Power Project Updated On Thu, Mar 30th, 2017 by Saurenergy Azure Power wins 46 MWs of solar projects from Indian Railways across 11 states in India, and company’s rooftop portfolio now more than 100 MWs across 14 states in India. Azure Power, a leading solar power producer in India, announced that it has won 46 MWs of rooftop solar power projects across eleven states pan […] Read more
SECI issues RfS for 250 MW and 500MW Solar Projects in Bhadla Phase-IV and III Solar Park, Rajasthan Updated On Thu, Mar 30th, 2017 by Saurenergy SECI notes that prospective bidders interested to participate in the bidding process of 250 MW and 500MW solar projects in Bhadla Solar Park Rajasthan are required to submit their Project proposals in response to this RfS document Solar Energy Corporation of India (SECI) has issued RfS documents for Selection of Grid connected Solar PV Projects […] Read more
Azure Power Commissions 130 MWs in Karnataka; Now Largest Solar Plant Operator in the State Updated On Wed, Mar 29th, 2017 by Saurenergy Azure Power, a leading solar power producer in India, announced that it has commissioned a 130 MW solar power project in Chitradurga district, Karnataka under the Karnataka Solar Policy 2014-2021. With this commissioning, Azure Power is now the largest operator of solar power plants in Karnataka. Azure Power has a contract to supply power for […] Read more
Meghalaya eyeing renewable energy to meet the growing demand for electricity in the state Updated On Wed, Mar 29th, 2017 by Saurenergy Meghalaya can generate about 3,669 MW from various renewable energy sources and about 3,000 MW from solar energy. Power-starved Meghalaya is now eyeing renewable energy to meet the growing demand for electricity in the state, Power Minister Sniawbhalang Dhar has said. “The main concern facing the state today is power deficit which has greatly affected Meghalaya’s economy and the […] Read more
Hindustan Power commissions 50 MW solar plant in Punjab with an investment of Rs. 325 crores Updated On Wed, Mar 29th, 2017 by Saurenergy With a current solar capacity of ~ 600MW, the Hindustan Power is one of the key players championing the adoption of solar on mass scale in India. The Clean energy arm of Hindustan Power commissioned its second solar plant in Punjab at an investment of INR 325 crores. The high degree of solar insolation in […] Read more
