Centre to Notify Guidelines for Renewable Power Procurement Updated On Fri, Jul 21st, 2017 by Saurenergy Until the guidelines are drafted, the till then projects will be set up under existing provisions of the Electricity Act, 2003 under section 62 wherein the State Regulatory Commission is to be approached for fixation of tariff. The Union Ministry of New and Renewable Energy has clarified that a guideline for procurement of renewable power […] Read more
ReNew to Acquire Orange’s Portfolio in $950 Million Deal to Bulk Up Before IPO Updated On Wed, Jul 19th, 2017 by Saurenergy ReNew power is in in active discussions with Orange Renewable to acquire its portfolio of a little over 600 MW of predominantly wind and a smattering of solar assets for Rs 6175 crore ($950 million) of enterprise valuation, and has already submitted a non binding offer and is conducting diligence. Sumant Sinha led ReNew Power […] Read more
Kerala Government Approves App-based Survey to Map Renewable Energy Installations Updated On Fri, Jul 14th, 2017 by Saurenergy The state government of Kerala has given its approval to the Agency for Non-conventional Energy and Rural Technology to develop the mobile app at a cost of Rs 10 lakh for Mapping Renewable Energy Installations. The Government of Kerala would soon launch a mobile app-based survey to map the renewable energy installations, such as solar […] Read more
China Tops in Renewable Energy Production: BP Statistical Review of World Energy Updated On Tue, Jul 11th, 2017 by Saurenergy China has continued to dominate renewable energy growth, contributing about 40 per cent of global growth, more than the entire OECD and surpassed the US as the largest producer of renewable power last year. According to the latest BP Statistical Review of World Energy released, China surpassed the United States as the top producer of […] Read more
GUVNL Extends the Bidding Deadline for 1000MW Renewable Power Updated On Sat, Jul 8th, 2017 by Saurenergy The lack of clarity on GST rates has prompted Gujarat Urja Vikas Nigam Ltd to extend extended the deadline for submitting bids for 1000MW solar and wind power supply. Gujarat Urja Vikas Nigam Ltd (GUVNL) has extended the deadline for submitting bids for 1000MW solar and wind power supply. The decision has come after prospective […] Read more
Dell Aims to Fulfill 60 percent of Energy Demand through Renewable Energy Sources by 2020 in India Updated On Fri, Jul 7th, 2017 by Saurenergy 11 Million units currently sourced from onsite solar installations and external renewable energy sources. Dell is harnessing the power of solar energy in India, in a bid to fulfill 60% of its total energy demand in India through onsite solar installations and other renewable energy sources by 2020 as part of its “Legacy of Good […] Read more
Piramal Finance Introduces ‘Flexi Line of Credit’ for Renewable Energy, Sanctions an Additional Rs. 700cr to ACME Solar Updated On Thu, Jul 6th, 2017 by Saurenergy Piramal Finance Limited (PFL) had first invested Rs. 499 Cr with ACME in July 2016, together with its partner APG. Piramal Enterprises, through its subsidiary Piramal Finance Limited (PFL), sanctioned an additional Rs.700Cr to ACME Solar Holdings Limited. The deal was made through Corporate Finance Group (“CFG”) of Piramal Finance Limited by introducing a new […] Read more
Philips Lighting secures renewable energy certificates in the Gulf region Updated On Wed, Jul 5th, 2017 by Saurenergy Philips Lighting is the first major international company to secure its renewable energy consumption in the Gulf region using the pioneering International REC Standard. Philips Lighting has announced that it has purchased traceable renewable electricity from Dubai Electricity and Water Authority (DEWA’s) Mohammed bin Rashid Al Maktoum Solar Park in Dubai. The company has purchased […] Read more
India Can Integrate 175 Gigawatts of Renewable Energy into the Electricity Grid: Study Updated On Sat, Jul 1st, 2017 by Saurenergy The report developed under the U.S.-India bilateral program “Greening the Grid”, confirms the technical and economic viability of integrating 175 gigawatts (GW) of renewable energy into India’s power grid by 2022, and identifies future course of actions that are favorable for such integration Power, Coal, New & Renewable Energy, Piyush Goyal recently released the first part of the study “Pathways […] Read more
