30 percent of 472 villages electrified this month are off-grid Updated On Wed, Jun 29th, 2016 by Saurenergy According to the Rural Electrification Corporation (REC), electrification of 472 villages was completed this month (6june-28june) and about 142 of them got an off-grid connection. Solar PV has remained the most deployed off-grid connection in the country, with total installed capacity of 7.5GW as of May 2016. Nine out of eleven projects sanctioned under renewable […] Read more
Ecoppia’s new VP Nalin Sharma to lead company’s Asian operations Updated On Tue, Jun 21st, 2016 by Saurenergy Ecoppia has begun building its Indian and Asian operations, starting with hiring a new VP for the region, Nalin Sharma. Sharma is a veteran of the Indian solar industry and brings many years of management experience to the role. He was an early employee and Head – Channel Partnership at SunEdison Asia, spearheaded channel strategy […] Read more
Global PV inverter shipments to reach 90GW and value more than $7.1 billion by 2020: GTM Research Updated On Fri, Jun 17th, 2016 by Saurenergy GTM Research in its latest report, The Global PV Inverter and MLPE Landscape 2016 revealed that global shipments of solar PV inverters will reach 90 gigawatts (AC) by 2020. This represents an average annual growth rate of 11 percent between 2016 and 2020. The report states that of the 59.7 gigawatts shipped in 2015, 66 […] Read more
RECOM partners with WEDIS Group for 10MW photovoltaic plant in Fuerstenwalde, Germany Updated On Wed, Jun 15th, 2016 by Saurenergy RECOM announces the construction of a 10MW photovoltaic plant in Fuerstenwalde, Germany. The company has partnered with investment group WEDIS Group AG and is providing bridge financing for the construction of the entire project, which began this month. Over 35,000 of RECOM’s Black Panther 285 mono high efficiency panels will be installed and are expected to produce approximately 10,000 MWh/year of energy from the […] Read more
Tata Power Renewable Energy signs SPA to acquire Welspun Renewables Energy Updated On Mon, Jun 13th, 2016 by Saurenergy Tata Power Renewable Energy Limited (“TPREL”), a 100% subsidiary of Tata Power, has signed a Share Purchase Agreement (SPA) with Welspun Energy (“WEPL”) to acquire its subsidiary Welspun Renewables Energy Private Limited (“WREPL”). It is estimated to be Rs 9,500 crore ($1.4 billion) deal. This is one of the largest transactions in renewables space in […] Read more
SPI Energy enters into strategic partnership with General Energy Solutions Updated On Thu, Jun 9th, 2016 by Saurenergy SPI Energy has entered into strategic partnership with General Energy Solutions (GES) in Japan. Under the partnership agreement, SPI Energy’s wholly owned Japanese subsidiary, SPI Solar Japan G.K. (“SPI Japan”), will provide local technical support and sales services to GES and deliver more than 15 megawatts (“MW”) of project sales in 2016 and 5MW in […] Read more
US and India announces creation of a $20 million USICEF initiative Updated On Wed, Jun 8th, 2016 by Saurenergy The United States welcomed the launch of the International Solar Alliance (ISA), recognizes the critical role it can play in the development and deployment of solar power, and intends pursuing membership in the ISA. To further strengthen ISA together, US and India will jointly launch the third Initiative of the ISA which will focus on […] Read more
MNRE sets new capacity addition target of 16,660 MW for green energy Updated On Mon, Jun 6th, 2016 by Saurenergy The Ministry of New and Renewable Energy has set the uppermost capacity addition target of 16,660 MW for the clean power sector this fiscal. The target is close to four times the capacity target that the government set in the previous year. MNRE expects solar segment to achieve its highest-ever annual capacity in the current […] Read more
Indian Navy pledges 1.5% of its works budget towards renewable energy generation Updated On Mon, Jun 6th, 2016 by Saurenergy Indian Navy completed two years of its Green Initiatives Programme on World Environment Day. On the occasion the Navy has set itself an aggressive target of 21 MW Solar PV installations, to be implemented in three phases. The initiative is in line with the National Mission of Mega Watt to Giga Watt towards achieving 100 […] Read more
