Dramatic Fall in Cost of Funding Behind Record Breaking Solar Tariffs: IEEFA Updated On Tue, Jun 9th, 2020 by Saurenergy The cost of solar continued to decline during the pandemic, driven by dramatic falls in the capital cost of solar (solar module costs) and in the cost of funding. The Institute for Energy Economics and Financial Analysis (IEEFA) in a new report has detailed that despite the devastating impact of the COVID-19 pandemic, during the […] Read more
SECI Confirms Adani, Azure, as Winners of ‘Largest’ Manufacturing Linked Bids Updated On Tue, Jun 9th, 2020 by Saurenergy 12 GW solar generation capacity, and 3 GW of manufacturing/solar kit capacity. That’s what SECI has given approval to add, starting as early as 2022 by putting in motion the January 2020 tender for the largest single investment in the country’s solar sector. SECI has formally given the go ahead to Adani Green Energy for […] Read more
MNRE Creates FDI Cell to Process Foreign Investment Proposals Updated On Mon, Jun 8th, 2020 by Saurenergy In order to keep a closed eye on the investment made by neighbouring countries in India, the Ministry of New & Renewable Energy (MNRE) has set up a new cell in the ministry for taking care of the foreign direct investment (FDI) into the sector. The Ministry said in a statement that, the FDI cell […] Read more
Equinor Investing More in RE Projects Than all Other Oil Majors Combined Updated On Mon, Jun 8th, 2020 by Saurenergy More than half (55%) of the investments made by global oil majors in renewable energy projects are expected to be invested by a single company – Equinor. Investments in solar and wind (RE) energy projects by the world’s major oil majors until 2025 are expected to exceed USD 18 billion, a new analysis by Rystad […] Read more
US’ DFC Okays $350 Mn for Development in India Including over $200 Mn for Solar Updated On Fri, Jun 5th, 2020 by Saurenergy The US-Based Development Finance Corporation (DFC) has sanctioned about $350 million of investment for development in India under various projects including more than $200 million for the solar energy projects. DFC is an independent agency of the US Government that provides financing for private development projects. This investment is part of the $1 billion of […] Read more
Delayed Solar Development in Japan amid Covid-19 Likely to Facilitate Coal Usage Updated On Fri, Jun 5th, 2020 by Saurenergy Amidst coronavirus crisis, electricity demand in Japan like other countries has dropped significantly and thus resulted in a decline in power prices. This drop in demand and rise in solar power generation eventually driving down the wholesale electricity prices, as revealed by the data & analytics company. According to GlobalData, the ongoing economic contraction, delays […] Read more
BCD Status. Only Quantum The Issue Updated On Thu, Jun 4th, 2020 by Saurenergy In what is now becoming the most common way to pick up views of the ministry, yet another Webinar, Amitesh Kumar Sinha, Joint Secretary in the Ministry of New and Renewable Energy has clarified yesterday that a decision will be taken on Basic Customs Duty, and soon. The issue is, in some way, a foregone […] Read more
LONGi, Dupont Ink Strategic Cooperation Pact to Develop High-Quality Modules Updated On Wed, Jun 3rd, 2020 by Saurenergy With an aim to jointly develop high-quality modules, LONGi, Chinese solar photovoltaic (PV) module manufacturer, has entered into a strategic cooperation pact with DuPont, which has a strong presence in backsheets, metallisation pastes and sealant market for solar installations, in Shanghai. As per the agreement signed, the two companies aimed to high-quality develop modules via efficient […] Read more
Renewables Increasingly Cheaper Than new Fossil Fuels Based Capacity: IRENA Updated On Wed, Jun 3rd, 2020 by Saurenergy Renewable power is increasingly cheaper than any new electricity capacity based on fossil fuels, a new report by IRENA finds. Renewables are increasingly cheaper than any new electricity capacity based on fossil fuels, a new report by the International Renewable Energy Agency (IRENA) finds. The report, ‘Renewable Power Generation Costs in 2019’, shows that more than half […] Read more
