HSBC Launches ‘Green Deposit’ for Financing Green Projects in India Updated On Fri, Aug 21st, 2020 by Saurenergy HSBC has launched its Green Deposit programme in India, which will enable the bank’s clients to support green and sustainable projects. British financing institution – HSBC has announced the launch of its Green Deposit programme in India for its corporate clients. The first-of-its-kind product for the Indian market, the Green Deposit will enable the bank’s […] Read more
Tezpur University Generating 90,000 kW of Solar Electricity Every Month Updated On Fri, Aug 21st, 2020 by Saurenergy Tezpur University in Assam is generating on average – nearly 90,000 kW of electricity every month through its 1 MW on-campus rooftop solar power systems. The Tezpur University in Assam has said that it is generating on average – nearly 90,000 kilowatts (kW) of electricity every month through its 1 MW on-campus rooftop solar power […] Read more
AISIA Bats for 50% BCD on Solar Equipment Updated On Fri, Aug 21st, 2020 by Saurenergy The Body urged Government of India on immediate implementation of BCD All India Solar Industries Association (AISIA) has urged the government to impose at least 50% basic custom duty (BCD) on solar equipment for sustenance of domestic manufacturers. The country’s dependency on China for solar imports in FY20, was recorded at imports worth $1.3 billion. […] Read more
The Rising Need for Smarter PV Solution in APAC Updated On Thu, Aug 20th, 2020 by Saurenergy The Asia Pacific region has become an exciting renewable energy market in recent years. Many countries with a planned capacity exceeding 1GW have emerged in a short period of time from this part of the world, which injected strong momentum to the PV industry. The local governments have started to provide ample support to the […] Read more
SJVN Seeking Debt Financing of Rs 1000 Cr for Upcoming Solar Projects Updated On Thu, Aug 20th, 2020 by Saurenergy SJVN has issued an EoI inviting financing institutions to submit proposals for providing debt financing loans for its upcoming renewable projects (solar). SJVN Ltd – a mini Ratna CPSU under the Ministry of Power – has issued an Expression of Interest (EoI) inviting eligible financing institutions to submit proposals for providing debt financing loans to […] Read more
Cabinet Relaxes Working Capital Limit for Loans to Discoms Updated On Thu, Aug 20th, 2020 by Saurenergy The Union Cabinet has approved a one-time relaxation to PFC and REC for extending loans to Discoms above limits of the working capital cap The Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi, has approved a one-time relaxation to Power Finance Corporation (PFC) and Rural Electrification Corporation (REC) for extending loans […] Read more
Capital Dynamics to Develop 9 Battery Storage Systems in California Updated On Thu, Aug 20th, 2020 by Saurenergy Capital Dynamics has signed an agreement with Tenaska to develop a portfolio of 9 battery storage systems located throughout California. Capital Dynamics, an independent global private asset management firm, has announced that its Clean Energy Infrastructure business has signed an agreement with US-based energy company Tenaska to develop a portfolio of nine battery energy storage system […] Read more
India’s Stuttering Solar Progress Grinds To a Halt With COVID-19 Updated On Thu, Aug 20th, 2020 by Saurenergy Two latest reports by independent research agencies in the Indian renewable energy segment have revealed that the first half of the year (H1 2020) only saw a total of between 1 GW and 1.3 GW of new solar installations in India. While the full year installations expected to reach 3.5 GW (4.5 GW with rooftop) […] Read more
MERC Rules Against MSEDCL in Three Cases Updated On Wed, Aug 19th, 2020 by Saurenergy All Cases Pertain to Non-Payment of Dues to Wind Energy Generators The Maharashtra Electricity Regulatory Commission (MERC) in three separate cases has ruled against the Maharashtra State Electricity Distribution Company Limited (MSEDCL). All the cases pertain to non-payment of dues by MSEDCL to wind energy project owners. Riddhi Siddhi Gluco Biols Ltd. (RSGBL) had approached […] Read more
