Indian, Korean CEOs Discuss Ways to Strengthen Energy Cooperation Updated On Wed, Jul 11th, 2018 by Saurenergy The CEOs announced the formation of 6 working groups in sectors like Auto, Infrastructure, Services, Electronics (including renewable and allied sector) & IT and Startups and Innovation Ecosystem (including MSMEs & SMEs) and Defense Manufacturing. The 2nd India-Korea CEOs Forum meeting was held in New Delhi with leading CEOs from both the nations developing an ambitious agenda […] Read more
750 MW Rewa Solar Power Project Operational, to Serve Delhi Metro Updated On Tue, Jul 10th, 2018 by Saurenergy This opens up an entirely new chapter in the utilization of renewable energy in the country, where large institutional open access consumers can start procuring it inexpensively. The operations on the 750 MW Rewa Solar Power Project in Madhya Pradesh (MP) has started earlier this week. The plant would supply power to the Delhi Metro, said the […] Read more
PE/VC Inflows Surged by 46 Percent in First Half, Cross $15 Billion, Says Report Updated On Tue, Jul 10th, 2018 by Saurenergy The report stated that the period saw as many as 36 large deals worth USD 11.5 billion, which were mostly buyouts, making such deals the highest ever at USD 4.9 billion, or 32 percent of all investments received. The funds from the private equity (PE) and venture capitalists (VCs) have surged by 46% in the first […] Read more
Investment in Solar Power Projects Likely to Fall in 2018 Updated On Tue, Jul 10th, 2018 by Saurenergy The mixed picture for global clean energy investment in 2018 is emerging, and at the same time, the commitment to wind and energy-smart technologies such as EV and batteries are running above last year’s levels. In the first half of 2018, the global net investment in solar power projects fell 19 percent from $71.6 billion […] Read more
Andhra Solar Park Projects Saw Lowest Bid at Rs 2.7 Per Unit Updated On Mon, Jul 9th, 2018 by Saurenergy Although the real auction took place last week, the reverse auction for 2,000 MW capacity discovered tariff of Rs 2.44 per unit. Under the reverse auction process, the companies backed by the financers from around the globe have seized the tenders to build 750 MW of solar power projects in Kadapa in Andhra Pradesh. The […] Read more
Goa to Include Solar-Powered Boats on Panaji-Aldone Route Updated On Mon, Jul 9th, 2018 by Saurenergy The decision to introduce a solar ferry boat has gained momentum and the government has principally approved for it on a budget of Rs 6 crore for this financial year. In order to include eco-friendly technology of solar-powered ferry launch service in the state, the Goa river navigation department (RND) is paving way to operate […] Read more
ADB to Provide $45.4 Mn to Spur Off-Grid SPV Pumping for Irrigation in Bangladesh Updated On Sat, Jul 7th, 2018 by Saurenergy ADB grant will help in replacing diesel systems with solar powered irrigation to enhance energy security, reduce local pollution, and mitigate climate change. The project is also expected to result in a reduction of 17,261 tons of carbon dioxide emissions annually. The Asian Development Bank (ADB) will provide USD 20 million loan to Bangladesh […] Read more
Solar, Wind Provide Almost 50% of Electricity Globally by 2050, says Report Updated On Sat, Jul 7th, 2018 by Saurenergy The report further added that, “By 2050, we expect only 29 percent of the electricity production worldwide to result from burning fossil fuels, down from 63 percent today.” The solar and wind technology will account for almost half of the total electricity globally, according to the Bloomberg New Energy Finance (BNEF). Of this, hydro, nuclear […] Read more
ABB Wants to Expand Factories, Cater to Railways’ Demand Updated On Fri, Jul 6th, 2018 by Saurenergy The company said it spends about USD 100 million on its business in the country every year, ABB India Managing Director Sanjeev Sharma said here. In order to expand their portfolio ABB India, a power and automation technology firm, is looking to expand its facilities to cater to growing demands from railways and also increasing focus on renewable energy space. […] Read more
