Avaada Energy Gets LoA from MSEDCL to Develop 350 MW Solar Plant in M’rashtra Updated On Thu, Jun 25th, 2020 by Saurenergy Vineet Mittal-led Avaada Energy, a leading solar energy developer, has secured the Letter of Award (LoA) from Maharashtra State Electricity Distribution Co Ltd (MSEDCL) to develop 350 MW solar photovoltaic (PV) project in the state. Mumbai-headquartered Avaada Energy said in a statement that “it has been accorded a Letter of Award (LoA) to develop a […] Read more
With Phased Duties on Solar Imports, Government Hopes for Orderly Transition Updated On Thu, Jun 25th, 2020 by Saurenergy At his press conference today, Power Minister R.K. Singh confirmed that duties, possibly starting at 25 percent, will be imposed on module imports from August 1. He wasn’t absolutely certain on duties for cell imports, but indicated they would be treated at a lower rate, possibly 15 percent. It is also not clear if customs […] Read more
AES Issues RfP Seeking 1 GW of Carbon-Free Energy Projects Updated On Thu, Jun 25th, 2020 by Saurenergy AES has issued an RfP, seeking new and repowered carbon-free projects for its customers in the PJM area, inclusive of its strategic alliance with Google. AES has issued a Request for Proposals (RfP), seeking new and repowered carbon-free renewable energy projects for its customers in the PJM area, inclusive of AES’ strategic alliance with Google. […] Read more
Galehead Originates 100 MW Solar Project for Clearway Energy Updated On Thu, Jun 25th, 2020 by Saurenergy Galehead has announced that it has completed its scope on the joint development of a 100 MW utility-scale solar project with Clearway Energy Galehead Development, an independent Boston-based energy development platform, has announced it has completed its scope on the joint development of a 100 MW utility-scale solar project with Clearway Energy, one of the […] Read more
Trump Administration Lags Obama Record for RE Approvals: CAP Updated On Thu, Jun 25th, 2020 by Saurenergy A new analysis has revealed that the Trump Administration has approved about half as many wind and solar energy projects as the Obama administration had at the same point. A new analysis by the Center for American Progress (CAP) has revealed that the Interior Department of the Trump Administration has approved about half as many wind […] Read more
Amazon’s Carbon Footprint grows 15% With Active Green Pledges Updated On Thu, Jun 25th, 2020 by Saurenergy Amazon has announced that its carbon footprint rose 15 percent even as it launched several initiatives to reduce its harm on the environment. Global e-commerce major Amazon has announced that its carbon footprint rose 15 percent even as the firm launched several initiatives to reduce its harm on the environment. The firm revealed that it […] Read more
NTPC Secures another PMC Contract to Develop 500 MW Solar Park in Mali Updated On Wed, Jun 24th, 2020 by Saurenergy Adding more heft to its renewable ambitions to transition from a coal burning major, the country’s largest power generation utility NTPC has secured another Project Management Consultancy (PMC) contract for the development of 500 MW solar park in the Republic of Mali under the ISA initiative. This is the second project where a central PSU […] Read more
CIT Arranges $85 Mn Financing for 80 MW Solar Project in Colorado Updated On Wed, Jun 24th, 2020 by Saurenergy Financial holding company CIT Group through its Power and Energy unit has arranged USD 85 million financings for an 80 MW Pioneer Solar project located in Colorado. CIT further served as sole lead arranger for financing on behalf of project sponsor Idemitsu Renewables, a leading solar project developer that has successfully built and sold hundreds of […] Read more
CERC’s Order Lowering REC Forbearance, Floor Price Removal Positive for Obligated Entities Updated On Wed, Jun 24th, 2020 by Saurenergy With the significant reduction in wind and solar power tariffs during the last three years, the power sector regulator Central Electricity Regulatory Commission (CERC) has recently reduced the forbearance prices and also removed the floor price for the Renewable Energy Certificates (RECs). This move is expected to negatively impact the REC projects, even as it […] Read more
