World Bank announces to provide more than $1 billion for India’s solar project Updated On Thu, Jun 30th, 2016 by Saurenergy The World Bank Group has signed an agreement with India led International Solar Alliance (ISA) to work together on increasing solar energy use around the world, with the goal of mobilizing $1 trillion in investments by 2030. The agreement was signed in the presence of Finance Minister Arun Jaitley, Power, Coal, New and Renewable Energy minister Piyush […] Read more
CLP India, Suzlon form JV for 100MW solar project in Telangana Updated On Tue, Jun 21st, 2016 by Saurenergy CLP India, one of the largest foreign investors in the Indian power sector, and Suzlon Group have formed joint venture for a 100 MW solar project at Veltoor in Telangana. As per the agreement signed between CLP India and Suzlon, CLP India acquired 49% stake in SE Solar, a special purpose vehicle (SPV) set-up by […] 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
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
Piramal, APG to invest USD 132 million in Essel Infra’s Solar IPP venture Updated On Wed, Mar 30th, 2016 by Saurenergy Piramal Enterprises and Dutch pension fund asset manager APG Asset Management will invest USD 132 million to power the Essel Infrastructure’s Solar IPP platform across India. Piramal Enterprises Limited will make the investment in Essel Green Energy, the solar arm of Essel Infraprojects Ltd through its Structured Investment Group. Essel Green Energy Private Ltd currently […] 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
CalPERS buys ownership stake in 550-megawatt solar plant in Riverside County Updated On Sat, Mar 26th, 2016 by Saurenergy The California Public Employees’ Retirement System (CalPERS) has announced that it would acquire up to a 25 percent stake in the 550-megawatt solar plant in Riverside County. The Riverside County solar farm was world’s largest solar project when it opened last year. CalPERS’ investment in the farm is seen as welcome news in the industry […] Read more
More than 99 million homes across the world to run on Solar by 2020: Report Updated On Thu, Mar 3rd, 2016 by Saurenergy By the year 2020 more than 99 million households across the world will be powered by solar panels claims a report. A London-based research company in a report stated that off-grid solar market has witnessed USD 276 million investments in 2015, a 15-fold increase since 2012. The report also says that there is USD 3.1 […] Read more
