Rural Electrification Corporation Posts Q4 Profit Rise of 50% Updated On Sat, May 25th, 2019 by Saurenergy The REC’s total income increased to Rs 6,685.90 crore in the March quarter, compared with Rs 5,948.09 crore a year ago. State-owned Rural Electrification Corporation (REC) posted around 50 percent jump in standalone net profit to Rs 1,256.13 crore in the March 2019 quarter, mainly on the back of higher income. The company’s standalone net […] Read more
MNRE Mulling Over Public Portal To Disclose Payment Delays by Discoms Updated On Fri, May 24th, 2019 by Saurenergy MNRE may open an online portal to publicly disclose the status of Discoms’ payments. The Ministry of New and Renewable Energy (MNRE) is considering setting up a web portal to publicly disclose payment delays to renewable energy players from power distribution companies (Discoms). The move is expected to usher in more transparency in pending payments. […] Read more
Enel, Enertag and Leclanche Commission 22 MW Storage System in Germany Updated On Fri, May 24th, 2019 by Saurenergy The system, which involved a total investment of approximately 17 million euros, is supporting the stability of the German electricity network by providing frequency regulation services to the country’s Primary Control Reserve (PCR) market. Enel Green Power Germany (EGP Germany), Germany-based renewable energy company Enertag and Swiss energy storage solutions company Leclanché recently inaugurated the […] Read more
ADB Agrees To Help Finance 100-MW Solar Project in Cambodia Updated On Fri, May 24th, 2019 by Saurenergy The Asian Development Bank (ADB) said today it will extend a loan of USD 7.64 million to support the construction of a 100-MW photovoltaic (PV) park in Cambodia. The National Solar Park Project was developed with grants from the governments of Canada and Singapore and envisages the installation of a power plant in Kampong Chhnang […] Read more
Modi 2.0. What Will the Impact be on Solar Energy Sector? Updated On Fri, May 24th, 2019 by Saurenergy With a thumping majority behind it again, the Narendra Modi led NDA government offers one big relief to the renewables sector straightaway. Continuity. Unfortunately, that’s where the good news ends. While the industry seems uniformly happy at the removal of further uncertainty on the next government, hopes are high for further changes in on the […] Read more
TERI, Cadmus Jointly Launches ‘I-SMART’ to Ease Rooftop Solar Installations in India Updated On Thu, May 23rd, 2019 by Saurenergy Moreover, this MNRE and GIZ-backed program will be implemented in four states i.e. – Gujarat, Uttarakhand, Himachal Pradesh, and Jammu & Kashmir along with two Union Territories – Daman and Diu; and Dadra and Nagar Haveli. With an aim to simplify the installation of rooftop solar for both domestic as well as business consumers in […] Read more
Growatt Eyes Europe as Major Market; Strengthens Footprint Updated On Wed, May 22nd, 2019 by Saurenergy The inverter maker has opened its fifth European office in Netherlands after Germany, Italy, Hungary and UK. With an aim to encash the rapid growth of European solar energy market, Chinese PV inverters maker, Growatt, is expanding its business activities in Europe and has opened its new office in Rotterdam, Netherlands. The inverter maker has […] Read more
Vestas to Supply Turbines For Fortum’s First Large-Scale Project in Finland Updated On Wed, May 22nd, 2019 by Saurenergy Turbine delivery is scheduled for the second quarter of 2020, while commissioning is planned at the latest in the first quarter of 2021. Vestas has secured an order from Nordic clean energy company Fortum, for the 90 MW wind project Kalax in the province of Närpio in Western Finland, the first large-scale wind energy project […] Read more
EDP and Engie Join Forces To Enter Offshore Wind Sector Updated On Wed, May 22nd, 2019 by Saurenergy This ambitious alliance follows EDPR and ENGIE’s successful six-year cooperation as consortium partners in the Dieppe Le Tréport and Yeu Noirmoutier fixed offshore wind projects in France and Moray East and Moray West in the UK. French Power utility, Engie and Portugal’s largest electricity operator EDP have announced the signing of a strategic Memorandum of Understanding […] Read more
