Goldman Sachs-backed ReNew Power aiming at 5 GW power generation capacity in the next two yrs Updated On Mon, Sep 11th, 2017 by Saurenergy In April, ReNew Power Ventures had announced doubling its power generation capacity in a year’s time, which crossed 2 GW. ReNew Power Ventures targets to double its generation capacity to 5 GW in the next two years, a top company official said. The company has planned to add 1 GW capacity this fiscal, ReNew Power […] Read more
Policy intervention is needed for renewable energy storage Expert Updated On Sat, Sep 9th, 2017 by Saurenergy “Only 15-20 per cent of the grid capacity can be pushed with renewable. The present grid is of about 3.5 GW and in that case we can absorb only 70,000 MW in the system. But the national target is 1.7 GW renewable by 2022 of which 1 GW is from solar itself” Policy intervention is […] Read more
Shri R K Singh takes over as new Power & New Renewable Energy Minister Updated On Tue, Sep 5th, 2017 by Saurenergy Shri Raj Kumar Singh took over as new Union Minister of State (IC) in Ministries of Power & New & Renewable Energy here today. Shri Piyush Goyal, New Railways Minister & former Power Minister was present to hand over the charge to Shri Singh . Speaking to media after assuming his office, Shri Singh said […] Read more
Sembcorp Increases its Stake in India Renewable Energy Business, acquires IDFC PE for Rs. 1400 crore Updated On Fri, Sep 1st, 2017 by Saurenergy Sembcorp Utilities has exercised its contractual right to acquire IDFC’s remaining shares in SGI Sembcorp Industries has announced that its wholly-owned subsidiary Sembcorp Utilities has entered into an agreement to acquire IDFC Private Equity Fund III (IDFC)’s remaining stake in Sembcorp Green Infra (SGI), for Rs. 1410.2 Crores. With this, Sembcorp will become the sole owner […] Read more
Centre aiming to install 175 Gigawatt renewable power by 2022: Harsh Vardhan Updated On Fri, Sep 1st, 2017 by Saurenergy “The government has set an ambitious target of 175 GW of renewable power installed capacity by the end of 2022, of which 58 GW has been installed so far,” said Vardhan. Minister of Science & Technology, Environment, Forest and Climate Change Dr. Harsh Vardhan on Thursday said the government is aiming to install 175 GW […] Read more
MNRE, GIZ Signs Agreement to Improve Framework Conditions for Grid Integration of Renewable Energies Updated On Tue, Aug 29th, 2017 by Saurenergy Wolfgang Hannig, Country Director, Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH India and A.N. Sharan, Joint Secretary, MNRE signed the agreement The Ministry of New and Renewable Energy (MNRE) and Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH India signed an agreement on technical cooperation under the “Indo-German Energy Programme – Green Energy Corridors (IGEN-GEC)” on […] Read more
Tata Power Renewable Energy Ltd. boosts generation capacity by four-fold Updated On Tue, Aug 29th, 2017 by Saurenergy Tata Power Renewable Energy Ltd. generated 1440 MUs that from renewable energy sources (wind & solar) in FY17 as compared to 329 MUs in FY16. Tata Power has announced that the Company’s 100% subsidiary, Tata Power Renewable Energy Ltd. (TPREL) increased its generation capacity by 337 per cent in FY17 as compared to FY16. Tata […] Read more
Renewable energy capacity of 100 GW should be achieved by 2019-20 Niti Aayog Updated On Mon, Aug 28th, 2017 by Saurenergy Niti Aayog has set for the government an ambitious goal of 100 giga watt of clean energy by 2019-20 and wants financial provision for generation and infrastructure rather than just capacity creation. Premier think-tank Niti Aayog has set for the government an ambitious goal of 100 giga watt of clean energy by 2019-20 and wants […] Read more
Marathon Capital Advises Heelstone Energy on the Sale of a 194MW Solar Portfolio to Sammons Renewable Energy Updated On Tue, Aug 22nd, 2017 by Saurenergy Heelstone Energy will continue to provide asset and operations management services to Sammons Renewable Energy for the entire portfolio. Marathon Capital, LLC has announced the sale of a 194 MW (DC) utility-scale solar portfolio by Heelstone Energy Holdings, LLC (“Heelstone”) to Sammons Renewable Energy (“SRE”). Heelstone, headquartered in Chapel Hill, North Carolina, is a leading […] Read more
