Government’s New Solar Norms Prevents DISCOMSs from Terminating PPAs Updated On Wed, Aug 23rd, 2017 by Saurenergy The solar guidelines, laid down by the renewable energy ministry, prevent DISCOMs from unilaterally amending or terminating PPAs. India has announced new norms to improve bankability of solar power projects and boost investments without raising tariff, even as the International Renewable Energy Agency (IRENA) said the country can raise renewable energy use to meet a […] Read more
IBC SOLAR signs PPA with SECI for a 20 MW AC solar power plant in Odisha Updated On Mon, Aug 21st, 2017 by Saurenergy The project is part of 270 MW AC PV tender in the state of Odisha and was assigned to IBC SOLAR through a competitive bidding process during 2016. The PV system is planned to be put into operation by late 2017. IBC SOLAR AG has signed a Power Purchase Agreement (PPA) for a 20 MW […] Read more
Falling panel prices and increased competition have contributed to aggressive bids: Ind-Ra Updated On Thu, Aug 17th, 2017 by Saurenergy “An increase in panel conversion efficiency has contributed to a reduction in land required for panels and a fall in the balance of system cost, resulting in lower bids,” Ind-Ra said. With solar developers bidding aggressively at lower tariffs, they have little financial buffers to face challenges such as cost overrun, increased interest rate and […] Read more
Rural Electrification & Solar Updated On Wed, Aug 16th, 2017 by Saurenergy India is blessed with huge amount of natural resources. It observes around 300 sunny days a year on an average highlighting a huge potential of solar energy in India. Solar energy could play an important role in alleviating energy poverty. India receives solar radiation of 5 to 7 kWh/m2 for 300 to 330 days in […] Read more
Empower Energies Announces Completion of 14.5MW Solar Project for CYRQ Energy in Utah Updated On Wed, Aug 16th, 2017 by Saurenergy Empower advised CYRQ on the development and design of the Patua solar project, including the selection of the solar equipment, which included approximately 45,360 photovoltaic (PV) solar panels, and the EPC for the construction and commissioning of the project Empower Energies has announced the completion of the Patua solar power project, a 14.5MW DC solar […] Read more
Alterra Power announces closing of $19.9 million construction loan facility for 11 MW Spartan solar project Updated On Wed, Aug 9th, 2017 by Saurenergy Alterra expects the Spartan project to achieve commercial operations in December 2017 Alterra Power Corp. has announced the closing of a $19.9 million construction loan facility for the Spartan solar project, an 11 MW solar project located on the Michigan State University campus in East Lansing, Michigan. The loan facility is supplied by 1st Source […] Read more
ContourGlobal Adds 20MW of Operating Solar Plants in Italy to European Solar Business Updated On Thu, Aug 3rd, 2017 by Saurenergy The acquisition further expands ContourGlobal’s Italian power business and leverages the company’s existing Italian thermal and renewable operating platform consisting of high efficiency QuadGeneration facilities. ContourGlobal has signed an agreement for the acquisition of a group of companies owning 20MW of operational solar photovoltaic (“PV”) plants in Italy from ErgyCapital S.p.A. The plants, located in […] Read more
MYSUN launches Advanced Rooftop Solar Calculator Updated On Tue, Aug 1st, 2017 by Saurenergy MYSUN Advanced Rooftop Solar Calculator, the solar system sizing and savings Calculator allows users to estimate an accurate solar system size, costing estimates, financial returns, impact of subsidies and offers a simulation of different financing options tailor made for each and every individual user. After the overwhelming success of the MYSUN Solar Calculator, which according […] Read more
World Bank Loan for Solar Projects Updated On Thu, Jul 27th, 2017 by Saurenergy World Bank financing of USD 100 Million for development of internal infrastructure of solar parks has been planned by Indian Renewable Energy Development Agency Ltd. (IREDA) under the aegis of Ministry of New & Renewable Energy. The World Bank loan is proposed to flow to the interested Solar Power Park Developers (SPPDs) through IREDA. This […] Read more
