Year End Review 2018 – MNRE Updated On Mon, Dec 10th, 2018 by Saurenergy India attains global 4th and 5th positions in wind and solar power installed capacities; India now at 5th global position for overall installed renewable energy capacity A total of 101.83 billion units of power were generated in the country during the year 2017-18 from renewable energy The Government has declared the trajectory of bidding 60 […] Read more
CCEA Approves Sale of Govt’s 52.63% Stake in REC to PFC Updated On Fri, Dec 7th, 2018 by Saurenergy It may also allow for cheaper fund raising with increase in bargaining power for the combined entity. The Cabinet has provided its ‘In Principle’ approval for the strategic sale of the government’s existing 52.63 percent total paid-up equity shareholding in Rural Electrification Corporation (REC) to Power Finance Corporation (PFC). The government said in a notification […] Read more
Tata Power-DDL to Settle on-the-spot Power Theft Cases Updated On Fri, Dec 7th, 2018 by Saurenergy The company added that, cases that are either pending in any Court of Law or are yet to be filed in any Court of Law will be taken up by the Lok Adalat. In response to consumer’s requests, Tata Power Delhi Distribution (Tata Power-DDL), in association with the Delhi State Legal Services Authority (DSLSA), is […] Read more
Jinergy’s HJT Solar Modules Qualified for DEWA Programme Updated On Wed, Dec 5th, 2018 by Saurenergy Further, the listed products of the company are JNHM60 (275W to 310W) and JNHM72 (330W to 370W) solar modules featuring leading temperature coefficient of -0.27%/°C, excellent performance in weak light, and ultra-low degradation. The HJT (Heterojunction) solar modules manufactured by Jinneng Photovoltaic Technology, an arm of Jinergy, are listed in equipment meeting eligibility requirements for DEWA […] Read more
AfDB Approves ZAR 3Bn for 100MW Solar Project in SA Updated On Mon, Dec 3rd, 2018 by Saurenergy The solar power project, which is located in the Humansrus Solar Park, Northern Cape Province of SA, is expected to generate 466 GWh/year. African Development Bank (AfDB) has approved a senior loan of ZAR 3 billion to the 100 MW Redstone Concentrated Solar Project, which is expected to boost South Africa’s (SA’s) energy mix and hasten transition to renewable energy. […] Read more
India Becomes Global Leader in Renewable Energy Auction: Report Updated On Tue, Nov 27th, 2018 by Saurenergy India’s second rank signifies a jump of three spots from last year when it was on 5th position in the green energy. China which was at the top position last year has slid down to the 7th position. Becoming a global leader in the renewable energy race, India is now the biggest market in the […] Read more
Magenta Power Installs its First EV Charging Station in Bangalore Updated On Tue, Nov 27th, 2018 by Saurenergy The charging stations shall be equipped with the ChargeGrid App which will show the availability of chargers along the route, coupled with their status at an individual socket level. Magenta Power, a renewable energy service provider, has installed its first electric vehicle charging station in Bangalore, exclusively for the Mahindra Treo Electric 3-Wheeler. The charging […] Read more
Freyr Energy Secures Rs 27 Crore in Series A Funding Updated On Tue, Nov 27th, 2018 by Saurenergy Freyr Energy will use the funding to strengthen the technology aspect of their operations while enhancing the sales and marketing networks. Hyderabad-based Freyr Energy, a solar rooftop startup, has raised Rs 27 crore from C4D Partners, a Netherlands-based Impact Investment Fund in Series A. Prior to this, Freyr Energy had secured seed funding from Doen-Participaties, […] Read more
EIB Expands Cooperation with SBI in Wind Energy Financing Updated On Sat, Nov 24th, 2018 by Saurenergy With this collaboration, the promoters of wind projects in the country will benefit from long-term low cost financing under the dedicated EUR 600 million renewable energy financing programme that is already supporting large-scale solar investment across the country. The European Investment Bank (EIB) will increase its support for India’s wind energy projects by expanding the existing lending programmes […] Read more
