MNRE Clarifies on Payment Security Mechanism Directive for Gencos Updated On Thu, Aug 1st, 2019 by Saurenergy The energy generated during the non-dispatch period shall be calculated on the basis of Capacity Utilization Factor as declared by the generators in Power Purchase Agreements. The Ministry of New & Renewable Energy (MNRE) has issued a clarification on the power ministry’s latest directive, which is applicable from today, for power distribution companies (dZiscoms) to […] Read more
IFC, EIB and Proparco to Finance Constriction of 2 Solar Plants in Senegal Updated On Thu, Aug 1st, 2019 by Saurenergy Proparco, IFC and the EIB have granted loans totaling EUR 38 million for the construction and operation of two solar power plants in Senegal. Proparco, the International Finance Corporation (IFC) and the European Investment Bank (EIB) have granted loans totaling EUR 38 million for the construction and operation of two solar power plants in Senegal. […] Read more
EBRD Grants €149 Million Loan to Upgrade Ukraine’s Transmission Updated On Thu, Aug 1st, 2019 by Saurenergy European Bank for Reconstruction and Development (EBRD) has announced that it will provide a €149 Million Loan for the upgrade of Ukraine’s transmission network The European Bank for Reconstruction and Development (EBRD) has announced that it will provide a €149 Million Loan to support the upgrade of Ukraine’s transmission network. The investment will help Ukrenergo upgrade […] Read more
Energy Storage to Grow 122-Fold Over Next 2 Decades: Report Updated On Thu, Aug 1st, 2019 by Saurenergy Energy storage installations around the world will grow exponentially, from a modest 9GW/17GWh deployed as of 2018 to 1,095GW/2,850GWh by 2040 Energy storage installations around the world will grow exponentially, from a modest 9GW/17GWh deployed as of 2018 to 1,095GW/2,850GWh by 2040, according to the latest forecast from research company BloombergNEF (BNEF). The 122-fold boom […] Read more
Tesla Introduces New Battery for Utility Scale Energy Storage Updated On Wed, Jul 31st, 2019 by Saurenergy To match global demand for massive battery storage projects, Tesla has designed a new battery product specifically for utility-scale projects: Megapack. Two years ago, Tesla built and installed the world’s largest lithium-ion battery in Hornsdale, South Australia using Tesla Powerpack batteries. Since then, the facility saved nearly USD 40 million in its first year alone and helped […] Read more
IPGCL Tenders for 5 MW Rooftop Solar Projects Under Open Category Updated On Wed, Jul 31st, 2019 by Saurenergy IPGCL has issued a tender for 5 MW grid-connected rooftop solar PV projects of various capacities across Delhi under Open category The Indraprastha Power Generation Company (IPGCL) has issued a tender, inviting bids from eligible parties under the open category for 5 MW grid-connected rooftop solar PV projects of various capacities across Delhi. The scope of work for the […] Read more
Wind and Solar Energy Bring Extra Costs for Canadian Consumers: Report Updated On Wed, Jul 31st, 2019 by Saurenergy A new report claims that despite the rhetoric that renewable energy is cheap, wind and solar power often increase electricity costs for consumers A new report claims that despite the rhetoric that renewable energy is cheap, wind and solar power generation comes with large, yet often ignored costs that increase electricity costs for residents and […] Read more
Corporate Solar Investments Surge in the US: Report Updated On Wed, Jul 31st, 2019 by Saurenergy Apple is now the leading procurer of corporate solar in the US with nearly 400 MW of total installed capacity, according to SEIA’s latest report Tech giant, Apple is now the leading procurer of corporate solar in the United States with nearly 400 megawatts (MW) of total installed capacity, according to the Solar Energy Industries […] Read more
Industry Making a Mistake by Staying Quiet on the Andhra Skirmish Updated On Tue, Jul 30th, 2019 by Saurenergy Even as the Andhra Pradesh government’s move to ‘renegotiate’ PPA’s continues to cause consternation, industry, and not just the renewables sector at that, seems intent on missing an opportunity to show some spine and establish some respect for the law they live by. By now, no one in the renewables sector is unfamiliar with the […] Read more
