Behind Azure’s Investor Update. Challenges To Continue in 2021 Updated On Mon, Dec 28th, 2020 by Saurenergy The Firm’s 4 GW project win through SECI remains in limbo. That places almost 18 GW of awarded solar projects together in the same boat in India. In an update to the Securities and Exchange Commission (SEC) in the US, where it is listed at the New York Stock Exchange (NYSE) Azure Power has sounded […] Read more
Terra-Gen and Mortenson Will Build Solar-Plus-Storage Project Updated On Thu, Dec 24th, 2020 by Saurenergy New York-based renewable energy developer Terra-Gen has collaborated with construction firm Mortenson to build what they claim is the world’s largest standalone solar-plus-storage project to date. The Edwards & Sanborn energy project consists of 1,118 MW of solar and 2,165 MWh of energy storage in Kern County, which has become California’s unofficial large-scale solar capital […] Read more
Germany’s Federal Network Agency Awards 664 MW In Wind And Solar Projects Updated On Tue, Dec 22nd, 2020 by Saurenergy Germany’s latest mixed-technology tender was oversubscribed, awarding close to 400 MW of wind and 264 MW of solar projects. Germany’s latest mixed-technology tender was oversubscribed, awarding close to 400 MW of wind and 264 MW of solar projects. The tender, which was open for submissions by December 1, 2020, targeted 366.9 MW of onshore wind […] Read more
Delay in Imposition of BCD on Solar Equipment Impacting Investments: CII Updated On Tue, Dec 22nd, 2020 by Saurenergy CII has urged the finance ministry to impose the BCD on solar equipment, stressing that the delay in implementation is impacting investments. The Confederation of Indian Industry (CII) in a written memorandum to the Ministry of Finance has urged the ministry to impose the planned basic custom duty (BCD) on solar equipment as announced in the last general budget, stressing […] Read more
IndiGrid Acquires 100 MW Solar Assets of FRV in Rs 660 Crore Deal Updated On Mon, Dec 21st, 2020 by Saurenergy IndiGrid has acquired the 100 MW Indian solar portfolio of Madrid-based Fotowatio Renewable Ventures (FRV), in a deal worth Rs 660 crore. India Grid Trust (IndiGrid) has announced in a regulatory filing that it has acquired the 100 MW Indian solar portfolio of Madrid-based developer Fotowatio Renewable Ventures (FRV), in a deal worth Rs 660 crore. The KKR-owned Infrastructure […] Read more
Solar Tariffs Drop to a new low of Rs 1.99/kWh in Latest Gujarat Auction Updated On Mon, Dec 21st, 2020 by Saurenergy The latest round of auctions for 500 MW worth of solar projects in Gujarat has seen tariffs drop to a new low of Rs 1.99/kWh in India. The latest round of auctions conducted by the Gujarat Urja Vikas Nigam Limited’s (GUVNL), for 500 MW worth of solar projects to be developed in the state, has […] Read more
ICRA Grants First ‘Stable’ Rating to GMPL in EV Bus Segment India Updated On Fri, Dec 18th, 2020 by Saurenergy ICRA has assigned [ICRA]A- (Stable) to Greencell Marudhara Private Limited, GMPL, the EV bus fleet operator for RSRTC in Rajasthan. Investment Information and Credit Rating Agency of India Limited (ICRA) has assigned A- (Stable) to Greencell Marudhara Private Limited, GMPL, the electric vehicle bus fleet operator for the Rajasthan State Road Transport Corporation (RSRTC) in […] Read more
Uneven Grouping of Renewables Leading to Curtailments in India: TCCL Updated On Thu, Dec 17th, 2020 by Saurenergy Electricity demand in India grew at a CAGR of 5.1% over the last decade from FY 2011 to FY 2019. However, this fell to a mere 1.2% in FY 2020. India was already facing an economic slowdown, with industrial output declining to an 8-year low during the year, but compounded by the impact of the […] Read more
Demand for Hydrogen in India can Grow 5-Fold by 2050: TERI Updated On Thu, Dec 17th, 2020 by Saurenergy A new report by The Energy and Resources Institute (TERI) suggests that the demand for hydrogen in India can grow 5-fold by 2050. The demand for hydrogen in India can grow five-fold by 2050. Further, by 2030, the costs of “green hydrogen” from renewables will fall more than 50 percent and start to compete with […] Read more
