Government to Impose 5 Percent Tax Under GST on Cables and Batteries for Solar Power Updated On Mon, Jul 31st, 2017 by Saurenergy Due to the inverted duty structure, developers will first pay the higher tax and then claim a tax refund against the five per cent slab while filing the returns. The credit reversal will be possible only if the renewable energy project developer submits invoices to the government regarding procurement and tax paid. The government is […] Read more
Battery Storage, Smart Grid, Efficiency Firms raise USD 1 Billion in H1 Updated On Wed, Jul 26th, 2017 by Saurenergy USD 1.03 billion was raised by battery storage, smart grid, and energy efficiency companies compared to USD 807 million in the comparable period last year. Battery storage, smart grid, and energy efficiency companies received venture capital funding worth over USD 1 billion globally in the first half of this year, says a Mercom Capital Group […] Read more
Buy Abroad Diktat Doesn’t Worry India’s Solar Sector Updated On Mon, Jul 24th, 2017 by Saurenergy India has to make suitable policy changes to protect its fledgling solar manufacturing sector from foreign competition. India has to make suitable policy changes by December this year to remove measures it had undertaken to protect its fledgling solar manufacturing sector from foreign competition, according to a recent notice issued by the Dispute Settlement Body […] Read more
Finland’s Taaleri Mulling to Acquire Solar Power Projects in India Updated On Fri, Jul 21st, 2017 by Saurenergy Taaleri is actively looking for acquiring solar power projects in India. The wealth management and financing company will utilize its Solar Wind fund to invest internationally in renewable energy India’s solar low-tariff is marking a significant global approach as more international companies are eyeing towards India’s solar market. Now a Finland wealth management and financing […] Read more
ReNew to Acquire Orange’s Portfolio in $950 Million Deal to Bulk Up Before IPO Updated On Wed, Jul 19th, 2017 by Saurenergy ReNew power is in in active discussions with Orange Renewable to acquire its portfolio of a little over 600 MW of predominantly wind and a smattering of solar assets for Rs 6175 crore ($950 million) of enterprise valuation, and has already submitted a non binding offer and is conducting diligence. Sumant Sinha led ReNew Power […] Read more
Trump Urged to Reconsider Withdrawal of Paris Climate Agreement Updated On Sat, Jul 15th, 2017 by Saurenergy More than 900 US businesses support keeping the US in the Paris Climate Agreement, including 20 Fortune 500 companies. The ten Senators who represented the United States at the 21st Conference of Parties in 2015, have urged President Donald Trump to reconsider and reverse his decision to withdraw from the historic Paris accord on climate […] Read more
Indian Railways Introduces Solar Powered Train with Battery Back-Up Updated On Sat, Jul 15th, 2017 by Saurenergy The 1600 Horse Power rake has been conceptualized by Indian Railways Organization for Alternate Fuels (IROAF) using flexible solar panels and Lithium-Ion batteries. India’s national transporter Indian Railways has introduced its first solar-powered rake with a battery back-up to enable it to run at night as well. The move is part of a string of […] Read more
Tailoring Solar Power for Textile Industry Updated On Fri, Jul 14th, 2017 by Saurenergy The Indian Textile Industry has always been amenable in adapting newer and more efficient technologies. Electricity is most necessary input that mill needs today and it has always remained area of concern in this segment. Textile industry has been early adopter of renewable energy in India and has contributed largely in the growth of clean […] Read more
Bhopal’s Raja Bhoj Airport to go Solar Completely by December Updated On Thu, Jul 13th, 2017 by Saurenergy The authorities at Raja Bhoj Airport have decided to install a 1MW capacity solar plant to power all airport functions. Once operational, it will save Bhopal airport Rs 25 lakh a month in electricity charges. Raja Bhoj Airport is going solar- all the way. It’s going to be only the second airport in India, after […] Read more
