India’s Renewable Push On Track Despite 2018/19 Blip Updated On Fri, Apr 26th, 2019 by Saurenergy IEEFA’s briefing note, India’s electricity sector transition still on track despite a weak FY2018/19, projects renewable additions through 2021/22 based on the auction and tender activities during the past 18 months. The 2018-19 financial year turned out to be a sluggish year for both the renewable as well as thermal sectors in India in terms of increased […] Read more
Iberdrola Posts First Quarter Profit Increase of 15 Percent Updated On Fri, Apr 26th, 2019 by Saurenergy The group is moving forward with 4,100 new MW of capacity scheduled for 2019, which will increase annual production by 13%, and another 8,800 MW between 2020 and 2022. Spanish public multinational electric utility company, Iberdrola recently issued its first quarter financial results. Obtaining a net profit of €963.9 million in the first three months, […] Read more
Pre-bid Meeting & Site Visit Notification For 100 MW Solar Tender at SCCL Updated On Fri, Apr 26th, 2019 by Saurenergy The Solar Energy Corporation of India (SECI) has issued a notification with the schedule for the pre-bid meeting and site visit for its tender regarding the development of 100 MW of solar PV power plants under different packages at Singareni Collieries Company Limited (SCCL) in Telangana. A pre-bid/clarification meeting has been scheduled to be held […] Read more
South Korea Steps Away From Coal and Towards Renewables Updated On Thu, Apr 25th, 2019 by Saurenergy The South Korean Ministry of Trade, Industry and Energy has tabled a new draft energy master plan that increases the nation’s ambition to move away from coal and towards renewable energy. The South Korean Ministry of Trade, Industry and Energy has tabled a new draft energy master plan that increases the nation’s ambition to move […] Read more
Tangedco Using GPS To Get Real Time Wind Energy Data Updated On Thu, Apr 25th, 2019 by Saurenergy Tangedco has started measuring wind power generation real time with the help of GPS over the last few months. GPS system has been installed in all windmills across the state and discom has been able to measure the power generation from a windmill without going to the spot. Earlier, the discom was using an assessor […] Read more
Expanding its Global Presence, Growatt Sets Up Service Centre in Brazil Updated On Thu, Apr 25th, 2019 by Saurenergy Growatt, a leading Chinese inverter manufacturer has set up its Brazil Service Center in Mogi das Cruzes to expand its global presence. The expansion falls in line with the solar PV installations in Brazil. Solar capacity additions in the recent years have drastically increased in the South American nation, with 371.9 MW capacity added in […] Read more
Canadian Solar to Sell 80% Stake of its 482 MW Portfolio in Brazil Updated On Thu, Apr 25th, 2019 by Saurenergy The projects for which the company has sold 80% stakes are presently in advanced stages of development with construction expected to begin in 2019. China-based Canadian Solar Inc., one of the world’s largest solar power companies, has announced the signing of an agreement for the sale of its 80% interest in a 482.6 MW portfolio […] Read more
STMicroelectronics Reports First Quarter Financial Results Updated On Thu, Apr 25th, 2019 by Saurenergy The company reported first-quarter net revenues of $2.08 billion, gross margin of 39.4%, operating margin of 10.2%, and net income of $178 million or $0.20 diluted earnings per share. STMicroelectronics, a global semiconductor leader serving customers across the spectrum of electronics applications, has reported its financial results for the first quarter ended March 30, 2019. […] Read more
MERC Partially Approves MSEDCL’s Petition to Reduce Solar Tariff Updated On Thu, Apr 25th, 2019 by Saurenergy The Maharashtra Electricity Regulatory Commission recently heard a petition filed by the Maharashtra State Electricity Distribution Co. Ltd (MSEDCL) relating to the adoption of tariff for long term procurement of solar power. In its petition, MSEDCL was seeking review of the Commission’s previous order relating to the adoption of tariff discovered for long term procurement […] Read more
