American financial institution to allocate $421 million to India for solar, internet projects Updated On Tue, Mar 22nd, 2016 by Saurenergy American financial institution to allocate $421 million to India for its solar and broadband projects reports PTI. It will enable the country to become a low carbon economy and expand the internet infrastructure. Last week US Government’s development finance institution, Overseas Private Investment Corporation (OPIC), sanctioned $250million to subsidiaries of ReNew Power Ventures Private Limited […] Read more
Public and NBFCs commits investment of Rs 3.82 lakh crore for 76,352 MW Capacity – Piyush Goyal Updated On Fri, Mar 11th, 2016 by Saurenergy The indigenous renewable sectors have turned heads recently. With active participation from investors and integrators, India seems to lorry its promising solar mission. At the ongoing budget session of Parliament, New and Renewable Energy Minister Piyush Goyal elatedly states that public as well as private banks and non-banking finance companies (NBFCs) have committed for financing […] Read more
US Company rejigs UP Mini-Grid Solar Policy Updated On Thu, Mar 10th, 2016 by Saurenergy Just after the UP state government proposed a mini-grid policy to electrify the rural grounds of the state, a U.S. company has extended interest to electrify 1,000 villages by setting up mini-grids powered by solar energy. Rockfeller foundation has partnered with OMC-Powers’ to invest US $ 4.5 million (around Rs 30 crore) for retro-fitting of […] Read more
SECI extends cooperation on utility-scale energy storage project, invites tenders to combine Solar & Wind Hybrid Project Updated On Wed, Mar 9th, 2016 by Saurenergy The Solar Energy Corporation of India (SECI) has extended interest on India’s first utility-scale energy storage project. The ambitious project is projected to be combined with a solar and wind hybrid project at Rangreek (Himachal Pradesh). The invited tender is for the design, procurement, construction, commissioning and associated transmission system for 2MW of grid-connected solar […] Read more
SolarCity Opens Fund of $249 Million in Solar Projects Updated On Sat, Feb 27th, 2016 by Saurenergy SolarCity announces its opening of a new tax equity fund of $249 million in solar projects. Whereas, the other financing partner name was not unveiled, though this investment is reported as the fourth solar project fund by the two partnering companies. After total consolidation, the fund is known to twofold in size making a total […] Read more
Solar Industry eyes tax exemptions and financial aid from the coming Budget Updated On Mon, Feb 15th, 2016 by Saurenergy This budget is getting indispensible with government’s relief words for the manufacturers and associates. The dart of economic revival and business friendly country is on the suitcases of the coming budget. The ambitious solar power industry has urged the government for tax incentives and financial aid to make ‘solar’ an attractive and viable option. “The […] Read more
Dreams of Solar Power Park in Himachal Pradesh Updated On Thu, Feb 4th, 2016 by Saurenergy State Govt. of Himachal Pradesh plan to establish a 1,000-MW solar park in the Spiti Valley is facing perennial hassles. Given the intense terrain of Spiti, the state government is looking for assistance from all corners for transmitting power produced at the solar park. The project has sought for the support of Power Grid Corp. […] Read more
What is International Solar Alliance (ISA) – Things You Should Know! Updated On Mon, Feb 1st, 2016 by Saurenergy When the whole world is undergoing an energy crisis moment – The world leaders and political heads have come together to mark the most abundant form of energy ‘solar’ and technologically empower to feed the sphere with ‘Green Energy.’ The International Solar Alliance (ISA) is one of its kind historic pact among solar resource wealthy […] Read more
Potential of India’s Renewable Energy Resources Updated On Wed, Jan 27th, 2016 by Saurenergy The capability of renewable energy in India – and the price tag to acknowledge– was highlighted recently by boards of energy and financing specialists. ‘The potential is colossal – the quantity of GWs is brain boggling,’ said Amit De, Sr. Strategies SkyPower Global. ‘SkyPower has resolved to manufacture 18GW of solar projects in India by […] Read more
