World Bank approves $750 Million loan to Support India’s Grid Connected Rooftop Solar Program Updated On Tue, May 17th, 2016 by Saurenergy The World Bank Board has approved a $625 million loan to support the Government of India’s grid connected rooftop solar programme to generate clean energy. World Bank has also approved a co-financing loan of $120 million on concessional terms and a $5 million grant from Climate Investment Fund’s (CIF) Clean Technology Fund. The project will […] Read more
Cabinet chaired by the PM Modi apprised of a GFA on RE Cooperation between India and UAE Updated On Fri, May 13th, 2016 by Saurenergy The Union Cabinet chaired by PM Narendra Modi was apprised of General Framework Agreement (GFA) on Renewable Energy (RE) Cooperation between India and UAE. The General Framework Agreement was signed by the two nations on 11th February in New Delhi this year during the state visit of Crown Prince of UAE. The GFA aims at […] Read more
GE Power and Partners convened to discuss the country’s evolving electricity landscape Updated On Thu, May 12th, 2016 by Saurenergy GE and partners convened distinguished members from the government of India, policy leaders and industry experts to discuss the country’s evolving electricity landscape and explore pathways towards a modern, affordable, reliable and sustainable energy future. The most prominent topics of discussion were energy efficiency and digital solutions for India, which were shown to have the […] Read more
DEWA Receives 5 bids for Mohammed bin Rashid Al Maktoum Solar Park Updated On Mon, May 2nd, 2016 by Saurenergy Dubai Electricity and Water Authority (DEWA) have received 5 bids from international organizations for the third phase of the Mohammed bin Rashid Al Maktoum Solar Park. The lowest recorded bid at the opening of the envelopes was US 2.99 cents per kilowatt hour. The authority said next step in the bidding process will review the […] Read more
Indian Banks edgy, as Solar Companies fails to deliver Updated On Thu, Apr 14th, 2016 by Saurenergy What could make Prime Minister Narendra Modi’s plans of capitalizing $100 billion of solar power from foreign investments edgy? Indeed, an In-Flow and Out-Flow leeway of Investment and Finance. The global renowned US Company, SunEdison standstill on at least $1.4 billion of loans and credit facilities, is seeking to sell as much as 1 gigawatt(GW) […] Read more
Hindustan Power commissions 30 MW solar farm in the Mansa district of Punjab Updated On Wed, Apr 13th, 2016 by Saurenergy The clean energy arm of Hindustan Power has commissioned a 30 MW solar farm in Mansa district of Punjab. The company has invest Rs. 200 crore for the mid-sized, grid-connected solar farm to tap the solar energy potential of the stateestimated at 4-7 KWH/sq.mtr of solar insolation levels—and enable Punjab to achieve its renewable purchase […] Read more
Haryana Government to make installation of solar power plants mandatory Updated On Mon, Apr 4th, 2016 by Saurenergy Haryana Government has decided to make installation of solar power plants mandatory for housing societies, industries and other specified categories of buildings. Haryana Principal Secretary, Renewable Energy, Ankur Gupta said notification has been issued in this regard to promote green and clean power and set a high trajectory for solar power generation in the State. […] Read more
OCL India inaugurates West Bengal’s first and largest 5.5 MW Solar PV Power Plant Updated On Sat, Apr 2nd, 2016 by Saurenergy OCL India Ltd. a Dalmia Bharat Group company inaugurated 5.5 MW Solar PV Power Plant for use by its cement grinding unit in Salboni, West Bengal. OCL’s 1.35Mt/yr grinding plant was set up in 2014 with an investment of USD 93m. Representing OCL India’s management team during the inauguration of the solar plant was Director […] Read more
USAID, ADB signs MoU to develop solar parks across India Updated On Tue, Mar 29th, 2016 by Saurenergy The US Agency for International Development (USAID) and Asian Development Bank has signed Memorandum of Understanding (MoU) on Monday for providing Rs 5,681 crore ($848 million) in funding to develop solar parks across India. Under the MoU USAID will align the technical resources of two of its programs to support ADB’s investments in the development […] Read more
