Avaada Energy Secures Rs 597 Crore Refinancing for PV Projects Updated On Wed, Oct 16th, 2024 by Saurenergy Avaada Energy, a subsidiary of the Avaada Group, has secured Rs 597 crore ($71.1 million) in refinancing for its commercial and industrial (C&I) solar projects. These projects are located in Karnataka and Maharashtra. The refinancing was provided by NIIF Infrastructure Finance Limited (NIIF IFL), an infrastructure debt fund focused on refinancing operational infrastructure projects. Avaada’s […] Read more
ITC Commissions Second Offsite Solar Plant in Karnataka Updated On Tue, Oct 15th, 2024 by Saurenergy ITC Limited has recently commissioned its second offsite solar plant in Karnataka with a capacity of 9.45 MW in the Davangere district. The facility is ITC’s 4th offsite solar plant in the country, with similar units earlier built in Tamil Nadu, Uttar Pradesh and Karnataka. ITC Limited has set itself the target to meet 100% […] Read more
MNRE Clarifies On ALMM Applicability On Open Access Projects Updated On Tue, Oct 15th, 2024 by Saurenergy The Ministry of New and Renewable Energy (MNRE) has now issued a clarification on the Approved Models and Manufacturers of Solar Photovoltaic Modules (Requirements for Compulsory Registration) Order, 2019″-commonly known as ALMM Order-on 2nd January 2019. It contains the standards for eligible solar PV models and manufacturers in India. According to the ALMM Order, a […] Read more
Karnataka Plans Rooftop Wind Aero Turbines, Issues Draft Rules Updated On Tue, Oct 15th, 2024 by Saurenergy The Karnataka Electricity Regulatory Commission (KERC) has now issued draft norms to introduce grid-connected rooftop aero turbines in the state. The draft norms put forth by the state power regulator said that these systems could be installed onto the rooftops with or without rooftop solar systems. The draft notification aims to promote co-generation of electricity […] Read more
TOYO Announces Plans For 2 GW Solar Cell Manufacturing Facility Updated On Tue, Oct 15th, 2024 by Saurenergy NASDAQ-listed solar company TOYO Co. Ltd has announced its plan to establish a solar cell manufacturing facility with an expected annual capacity of 2 Gigawatts (GW). The company has signed a lease agreement for the new facility that is strategically located in Hawassa, Ethiopia, taking advantage of the country’s favorable investment policies, tariff status, and […] Read more
Rooftop Solar Can Increase Local Temperature, Says Research Updated On Mon, Oct 14th, 2024 by Saurenergy A recent research showed that rooftop solar can raise temperatures during the daytime and lower them at nighttime. These findings were based on a city-wise simulation on photovoltaic solar panels on rooftops. The research indicated that the conventional photovoltaic solar panels may increase temperatures on hot days and lower them at night, said new modelling. […] Read more
India’s Renewable Capacity Crosses 200 GW Benchmark Updated On Mon, Oct 14th, 2024 by Saurenergy India’s renewable energy capacity has now crossed 200 GW, latest data from the Central Electricity Authority (CEA) revealed. As per the latest information from the agency, India’s total renewable capacity (excluding large hydro) touched 154 GW while India’s large hydro projects touched 46 GW capacity by the end of September 2024. A comparison of CEA’s […] Read more
Solar-Storage Can Avert India’s 40 GW Power Shortage By 2027: Berkeley Updated On Mon, Oct 14th, 2024 by Saurenergy India is projected to face a power shortage of 20-40 GW in the evenings by 2027 due to the rapid increase in electricity demand, according to a report by Berkeley. However, this shortfall could become more manageable, considering the significant drop in the prices of gigawatt-scale solar and storage. Recent solar-plus-storage auction results recorded a […] Read more
Focus On Avoiding Renewable Curtailments-IEA Prescriptions Updated On Mon, Oct 14th, 2024 by Saurenergy Renewable energy sources such as solar and wind power are growing at a rapid pace. Naturally, the transition is also driving significant transformation for the global energy landscape. In 2024, global renewable energy capacity is expected to increase by almost 20 percent, building on the record growth of 60 percent seen in 2023. While this […] Read more
