Transmission Needs Rs 5 Lakh Cr Investment to Meet $5 Trn Economy’s Energy Needs Updated On Thu, Jul 18th, 2019 by Saurenergy According to the estimates, India will be consuming 1.8 trillion units by 2025 as the country’s growth trajectory accelerates, and this requires large investments in the transmission sector, particularly at the state level. In order to fulfill the Prime Minister Modi’s vision of a USD 5 trillion economy over the next few years, it will […] Read more
CAG Calls out West Bengal for Failing to Create Green Energy Fund Updated On Thu, Jul 18th, 2019 by Saurenergy West Bengal failed to create a Green Energy Fund under the renewable energy policy of the government, CAG said in its audit report. West Bengal failed to create a Green Energy Fund (GEF) under the renewable energy policy of the government, the CAG has said in its audit report. The responsibility for creation and management of the energy fund was thrust upon the state’s nodal agency, […] Read more
Azure Power Appoints new CEO and President Updated On Thu, Jul 18th, 2019 by Saurenergy Azure Power has announced the appointment of Ranjit Gupta as CEO and a member of the Board, and Murali Subramanian as president. Azure Power, one of the leading solar power producers in India has announced the appointment of Ranjit Gupta as chief executive officer (CEO) and a member of the Board, and Murali Subramanian as […] Read more
Naidu Attacks Reddy Govt for Renegotiating RE PPAs Updated On Thu, Jul 18th, 2019 by Saurenergy TDP Chief N Chandrababu Naidu has attacked the Reddy government for its decision to renegotiate the PPAs for renewable projects signed during his tenure TDP Chief N Chandrababu Naidu has attacked the Jaganmohan Reddy government for its decision to renegotiate the power purchase agreements (PPAs) for solar and wind projects signed during the five-year tenure […] Read more
5X Increase in Renewable Jobs in 5 Years- Skills Council Report Updated On Wed, Jul 17th, 2019 by Saurenergy India’s renewable energy workforce has grown five-fold in the past five years. In 2019, nearly 100,000 workers are employed in the solar and wind industry, up from 19,800 workers in 2014. Of these, 12,400 new workers were employed in FY19 and 30,000 new workers were employed in FY18 by utility-scale solar, rooftop solar, and wind […] Read more
EIB, ICO and Iberdrola Sign Green Financing Deal for Europe’s Largest PV Plant Updated On Wed, Jul 17th, 2019 by Saurenergy EIB and ICO will finance the development of the 500 MW Núñez de Balboa PV power plant, which Iberdrola is currently building in Extremadura, Spain. The European Investment Bank (EIB) and the Instituto de Crédito Oficial (ICO) will finance the development of the Núñez de Balboa photovoltaic power plant, which Iberdrola is currently building in Extremadura, Spain. […] Read more
Govt Invites Proposals for Deployment of EV Charging Infra Under FAME-II Updated On Wed, Jul 17th, 2019 by Saurenergy The Heavy Industries Ministry has invited proposals from public/private entities interested in developing EV charging infrastructure in India under FAME II The Government of India has recently approved the second phase of the FAME [Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles in India] Scheme, for 3 years commencing from April 1, 2019, with […] Read more
EDF Renewables and Masdar Place 415 MW Turbine Order With Vestas Updated On Wed, Jul 17th, 2019 by Saurenergy A consortium formed by EDF Renewables and Masdar has placed a 415 MW order for the Dumat Al Jandal wind park in Saudi Arabia with Vestas. A consortium formed by EDF Renewables and Masdar has placed a 415 MW order for the Dumat Al Jandal wind park in the Al Jouf region of Saudi Arabia […] Read more
Danske Commodities Takes Over 70% Output of Dudgeon Wind Farm Updated On Wed, Jul 17th, 2019 by Saurenergy Danish energy trading company Danske Commodities has announced that it has signed a 15-year PPA with British wind farm Dudgeon. Danish energy trading company Danske Commodities has announced that it has signed a 15-year Power Purchase Agreement (PPA) with British wind farm Dudgeon, making it the company’s fourth long-term PPA in the UK market. The […] Read more
