Azure Power Secures $163 Million Investment for 300 MW Solar Project Updated On Fri, Jul 2nd, 2021 by Saurenergy NYSE listed Azure Power, has secured a USD 163 million investment led by Tokyo-headquartered Mitsubishi UFJ Financial Group (MUFG). This investment is five-year syndicated financing for a 300 MW solar plant to be developed in Rajasthan. With this, Azure follows Adani Green energy in getting MUFG on board. MUFG is the third renewables project financing […] Read more
The Reliance Effect On Solar. Who Should Worry? Updated On Mon, Jun 28th, 2021 by Saurenergy When Mukesh Ambani, Chairman of Reliance Industries stepped up to announce the conglomerate’s plans last week on June 24, anticipation was high. On the menu were announcements related to a much awaited $15 billion deal with Saudi Aramco, the World’s largest oil firm, for an oil to chemicals spinoff and and investment, and the contours […] Read more
“India Is Key To Doubling EDF’s RE Capacity By 2030”, Harmanjit Nagi Updated On Thu, Jun 24th, 2021 by Saurenergy The Euro 69 Billion French energy major EDF is one of the few unapologetic champions of nuclear energy, seeing it as a critical support for the world to achieve its climate ambitions. The firm produces over 75% of its energy from nuclear power, with a recent focus on other renewable sources too. In India, the […] Read more
The Maldives Opens Pre-qualification For 11-14 MW Solar PV Tender Updated On Tue, Jun 22nd, 2021 by Saurenergy Under World Bank-supported Accelerating Renewable Energy Integration and Sustainable Energy (ARISE) project, the Maldives has opened pre-qualification for a solar PV tender of 11-14 MW capacity range. This PV installation project covers hybridisation of fourteen island grids which currently rely almost entirely on diesel for power generation. Interested developers can submit applications for pre-qualification on or before 1 […] Read more
ISTS Waiver Extended By 2 Years For Solar, Wind Energy Updated On Tue, Jun 22nd, 2021 by Saurenergy “The Ministry of Power has issued an order today for the extension of the waiver of Inter-State Transmission system (ISTS) charges on the transmission of electricity generated from solar and wind sources for projects to be commissioned up to 30th June 2025,”. With this statement, the Ministry of Power (MoP) has confirmed a widely expected waiver […] Read more
SJVN & NDMC Agree Terms For 150 MW Solar Power Sale Updated On Wed, Jun 16th, 2021 by Saurenergy Hydroelectric power generation company SJVN has announced an agreement with the New Delhi Municipal Council (NDMC) to sell 150 MW of solar power from SJVN projects that it plans to bid and develop under the Central Public Sector Undertaking (CPSU) Scheme. In accordance, NDMC will purchase this solar power at a rate of Rs. 2.44/kWh tariff […] Read more
Sungrow Partners With UCC for Distribution In Bangladesh Updated On Wed, Jun 16th, 2021 by Saurenergy Leading global inverter solution supplier, Sungrow has today announced its partnership with United Computer Center (UCC) to enhance the company’s distribution networks for commercial & industrial, residential inverters in Bangladesh. Sungrow has a wide portfolio of products for applications in distributed generation markets covering product verticals within commercial and industrial, as well as residential inverters. […] Read more
Sale of Electricity in Futures Market will Benefit RE Investors: IEEFA Updated On Fri, Jun 11th, 2021 by Saurenergy The introduction of derivatives to India’s short-term power market will make it easier for renewable project developers to enter into offtake arrangements with state-owned distribution companies (discoms), finds a new briefing note from the Institute for Energy Economics and Financial Analysis (IEEFA). “The launch of new financial instruments will enable developers to hedge their offtaker […] Read more
Renew In Collaboration With Stanford’s Storage X Initiative Updated On Tue, Jun 8th, 2021 by Saurenergy ReNew Power, one of India’s leaders in renewable energy, today announced a collaboration agreement with the Precourt Institute for Energy at Stanford University and its StorageX Initiative. StorageX is an academic-industry-government initiative that aims to solve the most pressing real-world challenges in battery storage. ReNew’s collaboration with StorageX will focus initially on challenges surrounding grid […] Read more
