Piramal Finance Introduces ‘Flexi Line of Credit’ for Renewable Energy, Sanctions an Additional Rs. 700cr to ACME Solar Updated On Thu, Jul 6th, 2017 by Saurenergy Piramal Finance Limited (PFL) had first invested Rs. 499 Cr with ACME in July 2016, together with its partner APG. Piramal Enterprises, through its subsidiary Piramal Finance Limited (PFL), sanctioned an additional Rs.700Cr to ACME Solar Holdings Limited. The deal was made through Corporate Finance Group (“CFG”) of Piramal Finance Limited by introducing a new […] Read more
Gujarat Urja Vikas Nigam Ltd (GUVNL) floats tender for 500 MW grid connected Solar Power project Updated On Fri, Jun 16th, 2017 by Saurenergy Gujarat Urja Vikas Nigam Ltd (GUVNL) has decided to buy 500 MW of solar power through competitive bidding, which will be followed by an e-auction for the lowest price. Gujarat Urja Vikas Nigam Ltd via RfS no GUVNL/Competitive/500MW/Solar dated 15.06.2017 has floated tender for procurement of 500 MW power from Solar Power Projects through Competitive […] Read more
Mytrah Energy reports USD 362.23mn in revenue Updated On Wed, Jun 14th, 2017 by Saurenergy The renewable power producer Mytrah Energy entered into PPAs for 140 MW of solar power capacity, bringing the total to 422 MW AC in Telangana, Punjab and Karnataka Renewable energy company Mytrah Energy Ltd. announced its full year results for the year ended 31 December 2016. The company reported full year revenues of USD 362.23mn, […] Read more
GST Arrests the Slide and May Lead to a Temporary Standstill in Demand: Guru Inder Mohan Singh, Director & COO, Amplus Solar Updated On Sat, Jun 3rd, 2017 by Saurenergy Since Discom supply rates have not been impacted by GST, attractiveness of solar would reduce, and hence private demand, and specifically distributed solar would be impacted said Guru Inder Mohan Singh, Director & COO, Amplus Solar 1. Share your views on GST, how the new Goods and Services Tax rates impact clean energy drive in […] Read more
Power Ministry Proposes Compensation for Grid Curtailment, to Benefit Renewable Energy Sector Updated On Wed, May 24th, 2017 by Saurenergy “If the proposal is adopted it will protect the cash flows to an extent from grid curtailments and also ensure a favourable operational environment for renewable energy projects. It will also be positive for wind and solar energy developers,” The government has proposed a compensation mechanism for existing renewable energy projects, which will protect the […] Read more
GST to cause significant disruption to the solar sector: Bridge to India Updated On Tue, May 23rd, 2017 by Saurenergy Bridge To India notes that the biggest surprise for the power and renewable sector is the announcement of 18% tax rate for solar modules as compared to a present effective rate of zero Government of India recently released final GST rates under the new indirect tax regime proposed to be rolled out from July 1. […] Read more
Ellomay to Buy 300 MWp Spanish Solar Power Project Updated On Wed, May 3rd, 2017 by Saurenergy Ellomay has entered into a SPA, acquiring the Spanish firm behind the project, Talasol Solar’s 300 MW solar power project with purchase amount of EUR 10 million. Ellomay Capital Ltd., an emerging operator in the renewable energy and energy infrastructure sector has announced its entry, through one of the Company’s subsidiaries, into a share purchase […] Read more
Secret to Hit 40GW Updated On Sat, Apr 29th, 2017 by Saurenergy Government of India has rightly made rooftop solar power one of its top clean energy priorities. In 2014, the government revised the national solar installation target from 22 GW to an aggressive 100 GW by 2022 which is helping the country to become one of the world’s fastest-growing solar markets. The 100 GW target was […] Read more
Solar Power Tariff Expected to Get Cheaper than Coal Updated On Mon, Apr 24th, 2017 by Saurenergy The solar power tariff has seen a significant decline in tariffs from Rs. 10.95-12.76/kWh in 2010-11 to as low as Rs. 3.15 per kWh, which is expected to fall to Rs. 2.90 per unit. India’s solar power prices may be set to fall below those of thermal (coal) energy. This is based on an expected […] Read more
