State Bank of India Floats Fund for Solar Power Projects Updated On Tue, Oct 31st, 2017 by Saurenergy SBI has funded 43 rooftop solar power projects with the capacity of 475MW by availing line of credit from World Bank. State Bank of India has signed an agreement with seven companies for funding rooftop solar power projects. The seven companies include Adani Group, JSW Energy, Hinduja Renewables, Tata Renewables Energy, Azure Power, Cleantech Solar […] Read more
Will GST Slowdown India’s Solar Power Juggernaut? Updated On Tue, Sep 19th, 2017 by Saurenergy The Government’s recent announcement of 18% tax rate under the new indirect tax regime for solar module was the biggest surprise for the power and renewable sector. Looking into the uproar and dissatisfaction in the industry the government seems to have changed its plan and working on settling the incongruities in the new regime. The […] Read more
Delhi power distribution firm TPDDL encourages hospitals to opt for solar power Updated On Fri, Sep 15th, 2017 by Saurenergy “We will continue our efforts towards enhancing the use of solar power among our consumer base and contribute towards the national solar mission that aims to establish India as a global leader in solar energy” Power distribution company Tata Power Delhi Distribution Limited (TPDDL) held a workshop for representatives of hospitals and healthcare centres to […] Read more
IFC Invests Rs 667 Crore in L&T Infrastructure for Solar Power Projects Updated On Fri, Jul 7th, 2017 by Saurenergy L&T Infrastructure Finance Co will use the fund to provide loan to solar power projects across India. The World Bank’s private financing arm IFC has invested Rs 667 crore ($103 million) in L&T Infrastructure Finance Co by subscribing to the first official Green Bonds in India, as stated in a joint statement by both the […] Read more
NTPC now has 845 MW of Installed Solar Power Capacity across India: Report Updated On Thu, Jun 22nd, 2017 by Saurenergy NTPC recently revealed that 845 megawatt capacity solar power plants have been installed in India after the recent addition of 225 MW Mandsaur Solar Power project The National Thermal Power Corporation (NTPC) of India recently revealed that it now has 845 megawatt installed solar power capacity of across the country. NTPC boasted the number after […] Read more
Solar Irrigating: Farmers not only selling excess power but also saving ground water Updated On Mon, Jun 5th, 2017 by Saurenergy Solar Pump Irrigators’ Cooperative Enterprise (SPICE), which began operating in May 2016, not only made a switch from diesel to solar pumps but also adopted net metering – selling excess power to the local electricity utility. Phodabhai Parmar, a 72-year-old farmer, sits on a charpai sipping tea as solar panels gleam in the fields behind […] Read more
Tata Cleantech Capital is eyeing at growing its asset book to around Rs 5,500 crore by fiscal 2019 Updated On Mon, Apr 24th, 2017 by Saurenergy Tata Cleantech Capital (TCCL), a joint venture between Tata Capital and International Finance Corporation, currently has an asset/loan book size of Rs 2,400 crore . Tata Cleantech Capital (TCCL) is reportedly looking at growing its asset book to around Rs 5,500 crore by fiscal 2019, with nearly USD 120 billion debt funds expected to flow […] Read more
New Solar Power Model to Carry on Harvesting Updated On Wed, Feb 22nd, 2017 by Saurenergy Student at Rajiv Gandhi Government Polytechnic in Itanagar has developed a low cost-lightweight solar power based paddy harvester. The final year automobile engineering students of Rajiv Gandhi Government Polytechnic have developed a low cost-lightweight, environment-friendly manually operated solar power paddy harvester (MOSPH) suitable for small farmers. The solar power paddy harvester has been developed under […] Read more
ADB approves $390 million financing package for ReNew Power to develop renewable energy projects in India Updated On Wed, Jan 18th, 2017 by Saurenergy ReNew Power will utilize the fund to develop solar power projects with combined capacity of 398 megawatts (MW) in Jharkhand and Telangana Asian Development Bank (ADB) has approved a new $390 million financing package for ReNew Power to develop renewable energy projects in India. The financing will assist 7 special purpose vehicles owned by ReNew […] Read more
