AfDB Offers Assistance for Development of Mini Green Energy Grids in Guinea Updated On Tue, Apr 14th, 2020 by Saurenergy AfDB has approved a grant of 830,000 USD to support AGER in the establishment of green mini grids projects in the Republic of Guinea. The African Development Bank (AfDB), through its Sustainable Energy Fund for Africa (SEFA), has approved a grant of 830,000 US dollars to support the Guinean Agency for Rural Electrification (AGER), in […] Read more
Technology-led Solns Help Turbine Makers Tap Addl Revenue Opportunities: Report Updated On Mon, Apr 13th, 2020 by Saurenergy The new onshore wind energy installation capacity rose by 17 percent to touch 54.2 GW in 2019, as against previous year, mainly on account of decline in wind turbines’ overall costs, as well as ambitious both national & regional level renewable energy targets, says the business consulting firm. As per Frost & Sullivan, the global […] Read more
Brazil Faces Indefinite RE Auctions Delay of Over 51GW Due to Coronavirus Updated On Mon, Apr 13th, 2020 by Saurenergy Amid the outbreak of Covid-19, the Brazilian government has postponed the national energy generation and transmission auctions of clean energy comprising more than 51 GW which were scheduled for May this year, for an indefinite time frame, said the report. This includes auctions both A-4 and A-6, as well as tenders for the transmission lines, […] Read more
Sterlite Power Commissions Rs 1,027 Cr worth of Gurgaon Palwal Transmission Project Updated On Mon, Apr 13th, 2020 by Saurenergy Adding another feather in its cap, Sterlite Power, one of the leading global developers in power transmission space, has commissioned the Gurgaon Palwal Transmission Project (GPTL) worth Rs 1,027 crore. This project is expected to enhance the power capacity of the Gurugram and Palwal areas in the state of Haryana by ~2000 MW. Further, the […] Read more
We Received Force Majeure Notices from Various Discoms, Despite Govt Directive: Azure Power Updated On Mon, Apr 13th, 2020 by Saurenergy Despite government directive to power distribution companies (Discoms) to pay dues on time, the country’s one of the leading independent solar power producer (IPP), Azure Power said that it has received Force Majeure notices from various Discoms citing an inability to perform their obligations as per the PPA due to Covid-19. There has been a […] Read more
Sale of Green Certificates Surges 79% by 8.38 Lakh Units in March Updated On Mon, Apr 13th, 2020 by Saurenergy The sale of renewable energy certificates (RECs) increased more than 79 percent to 8.38 lakh units during March 2020 mainly on account of good supply. During the month of March in 2019, 4.68 lakh units of renewable energy certificates were sold, as per the official data. RECs are market-based instruments, and a REC is created […] Read more
PSPCL’s Advance Payment Scheme. Lucrative Offer or Open Distress? Updated On Mon, Apr 13th, 2020 by Saurenergy A visit to the website of the Punjab State Power Corporation Limited (PSPCL), the state’s primary discom, reveals an interesting offer that has just been released . Promoted as a ‘Golden opportunity to earn lucrative returns by advance payment’ the offer promises a return of 1 percent per month, or 12 percent per annum, for […] Read more
Ørsted Announces Completion of 338 MW Wind Project in Texas Updated On Mon, Apr 13th, 2020 by Saurenergy Ørsted has announced that it has completed its Sage Draw Wind project, a 338MW wind farm that straddles Garza and Lynn Counties in Texas. Ørsted has announced that it has completed its Sage Draw Wind project, a 338 MW wind farm that straddles Garza and Lynn Counties in Texas. The 120-wind turbine project will have […] Read more
Ikea Parent Firm Acquires Stake in 403 MW US Solar Projects Updated On Mon, Apr 13th, 2020 by Saurenergy The Ingka Group (owner and operator of 380 IKEA stores in 30 countries), has taken over two solar PV projects in the US worth a combined 403 MW generation capacity. Ingka Investments, the investment arm of Ingka Group (owner and operator of 380 IKEA stores in 30 countries), has taken over two solar photovoltaic (PV) […] Read more
