TNB picks up 30% equity stake in GMR Energy’s select portfolio of assets Updated On Tue, May 10th, 2016 by Saurenergy Malaysian power utility,Tenaga Nasional Berhad (“TNB”) has announced its entry into Indian power sector after signing a Subscription Agreement (“SA”) and Shareholders Agreement (“SHA”) with GMR Energy Limited (“GEL”). The Management Committee of GMR Infrastructure Limited (GIL) approved the proposed primary capital investment by Tenaga Nasional Berhad (Tenaga) in GMR Energy Limited (GEL). The investment […] Read more
MNRE implementing schemes to promote use of renewable energy in rural areas: Piyush Goyal Updated On Tue, May 3rd, 2016 by Saurenergy The Ministry of New & Renewable Energy (MNRE) is implementing a Programme on “Off-Grid and Decentralized Solar Applications” to promote use of solar power through solar home lights, solar street lights, power plants, solar pumps and mini micro grids to meet the energy requirements of the rural areas in the country. Minister of State (IC) […] Read more
Tata Power to acquire renewable energy assets of Welspun Group: Report Updated On Mon, May 2nd, 2016 by Saurenergy Tata Power is reportedly gearing up to acquire the renewable energy assets of the diversified Welspun Group, valuing the 1,152 MW portfolios of operational solar and wind farms. The ET citing sources close to the company reports that the deal may be valued at close to $1.45 billion inclusive of debt. Both the companies are in final […] Read more
Duke Energy raises its 2020 renewable energy goal by 33 % Updated On Fri, Apr 29th, 2016 by Saurenergy Duke Energy has raised its 2020 renewable energy goal by 33 percent. The North Carolina-based firm expects to own or purchase 8,000 megawatts of wind, solar and biomass capacity by 2020 which is 33 percent jump from the old goal of 6,000 megawatts established in 2013. As of the end of 2015, the company owned […] Read more
Sunverge Energy inverters meet HECO’s new solar technology standards Updated On Wed, Apr 27th, 2016 by Saurenergy Sunverge Energy has announced that its Solar Integration System (SIS) equipped with Schneider XW6848 and XW5548 inverters meets Hawaii Electric Companies’ (HECO) strict technical specifications for solar installations. The Sunverge SIS units will help electric customers in Hawaii rapidly attain reliable power from their renewable generation and storage systems while earning maximum savings under HECO’s […] Read more
ICRA estimates the capacity addition in the renewable energy sector to increase to 8.8 GW in FY 2017 Updated On Thu, Apr 21st, 2016 by Saurenergy ICRA has estimated the solar capacity addition to increase to about 5.7 GW in FY2017 as against the 3.0 GW seen in FY2016 based on the tenders already floated and proposed for award of solar projects under various State and Central Government policies so far. However, ICRA in its report notes that in the wind […] Read more
Risen Energy announces primary order placements of 175MWp Solar PV Modules by India’s Mytrah Updated On Thu, Apr 21st, 2016 by Saurenergy Chinese solar module producer Risen Energy has announced the primary order placements of 175MWp Solar PV Modules by India’s Mytrah Energy for dispatch during 2016. Mytrah’s recently received approval of a USD 175 million direct loan facility from Asia Development Bank (ADB) to assist its growth plans within India, which include the option of purchasing […] Read more
UBM India announces 11th edition of Solar Energy Investment and Technology Forum Updated On Tue, Apr 19th, 2016 by Saurenergy UBM India has announced its 11th edition of Solar Energy Investment and Technology Forum. The event scheduled on 22nd April 2016 at Hotel Marriot, Jaipur aims to provide an industry platform to associations and industry leaders, building owners, consultants, manufacturers, contractors, Governments and high-level decision makers, academia, green power providers, project and technology developers, large […] Read more
Piyush Goyal Releases Report of Technical Committee on Large Scale Integration of Renewable Energy Updated On Mon, Apr 18th, 2016 by Saurenergy Power, Coal and New and Renewable Energy minister Piyush Goyal has released Report of the Technical Committee on Large Scale Integration of Renewable Energy, Need for Balancing, Deviation Settlement Mechanism (DSM) and associated issues. He also launched Ancillary Services Operations in India. Speaking on the occasion, Goyal said that this is going to be a […] Read more
