REC Signs € 200 mn Loan Agreement with Germany’s KfW Bank Updated On Tue, Aug 14th, 2018 by Saurenergy This is REC’s fourth line of credit under Indo-German Development Cooperation which will be utilized to fund green energy projects in India. State-run entity responsible for financing rural infrastructural projects, Rural Electrification Corporation (REC) has signed a loan agreement with German bank KfW worth euro 200 million for funding renewable energy projects. This is REC’s fourth line […] Read more
MNRE Tweaks ‘storage’ in Wind-Solar Hybrid Policy Updated On Tue, Aug 14th, 2018 by Saurenergy The ministry has emphasized on the use of pumped hydro, compressed air and flywheel technology for the power storage purposes. Widening the scope of power storage in its Wind-Solar Hybrid Policy, MNRE has removed the word ‘battery’ from certain clauses in order to encourage use of other means of power storage devices. Further, the ministry […] Read more
India Launches ‘Scale Up of Access to Clean Energy’ Scheme Updated On Mon, Aug 13th, 2018 by Saurenergy Aiming at providing ease of access to clean energy, the scheme is targeting the underprivileged areas of the states Assam, Madhya Pradesh and Odisha. In a bid to promote the use of clean energy, President has given nod to cabinet approved ‘Scale Up of Access to Clean Energy’ Scheme. Aiming at providing ease of access […] Read more
MNRE to Explore Possibility of China Joining Int’l Solar Alliance Updated On Fri, Aug 10th, 2018 by Saurenergy International Solar Alliance is a treaty-based organization meant to promote development of solar energy in countries between the Tropic of Cancer and Tropic of Capricorn. The government has asked Ministry of New and Renewable Energy (MNRE) to check with its Chinese counterpart for possibility of its China joining the International Solar Alliance. The move is aimed at […] Read more
India’s Energy deficit Shrinks to less than 1% in 2018: NITI Ayog Updated On Thu, Aug 9th, 2018 by Saurenergy Cumulative installed capacity has nearly doubled, from 35.5 GW in 2013-14 to about 70 GW in 2017-18. The installed power generation capacity in India has risen to 344 GW and its energy deficit, which stood at over 4 per cent in 2014, has shrunk to less than one per cent in 2018, an official release said. NITI […] Read more
Rural Electrification- Another Feather in India’s Cap Updated On Thu, Aug 9th, 2018 by Saurenergy After India took over driver’s seat and successfully parks the car of International Solar Alliance (ISA) Summit in March this year, Asia’s third largest economy continued its rollercoaster ride in April too, and once again scripted history by hitting the target of electrifying all villages ahead of the deadline. In 2014, when Narendra Modi chaired […] Read more
National Energy Storage Mission Updated On Thu, Aug 9th, 2018 by Saurenergy An Expert Committee under the chairpersonship of Secretary, Ministry of New and Renewable Energy, with representatives from relevant Ministries, industry associations, research institutions and experts was constituted by the Ministry of New & Renewable Energy to propose draft for setting up National Energy Storage Mission (NESM) for India. The Expert Committee referred has proposed a […] Read more
Brett Martin, Lightsource BP Ink Solar Energy Pact Updated On Thu, Aug 9th, 2018 by Saurenergy As per the deal, Brett Martin is now procuring renewable electricity from a solar installation funded and developed by Lightsource BP. County Antrim-headquartered independent manufacturer Brett Martin signed a solar energy agreement with British solar parks developer Lightsource BP. As per the deal, Brett Martin is now procuring renewable electricity from a solar installation funded […] Read more
Colbun Kickstarts its First 9MW Solar Plant in Ovejeria Updated On Wed, Aug 8th, 2018 by Saurenergy The solar park constituted of photovoltaic solar panels is company’s first solar power facility. The plant comprises 30,000 PV panels, each with watt tracker. Chile based Power Company, Colbun has started the commercial operations of its 9MW solar plant in Ovejeria. Further, the plant is made in 18 hectare land in the Tiltil commune of […] Read more
