CARE Ratings Report on COVID-19 Impact: Indian Renewable Sector Updated On Thu, Apr 16th, 2020 by Saurenergy The global economy has been hit hard by the unexpected outbreak of COVID-19, which has now posed fresh challenges across all geographies and sectors. The renewable energy sector which was already grappling with multiple issues will have to face a new problem of COVID-19. Nevertheless, given government impetus on the renewable sector in the past […] Read more
Duke Energy Renewables Brings Online 60 MW Solar Energy Facility Updated On Thu, Apr 16th, 2020 by Saurenergy Duke Energy Renewables and Colorado Springs Utilities have announced the start of operation for a new solar energy facility, the 60 MW Palmer Solar project. Duke Energy Renewables, a commercial business unit of Duke Energy, and Colorado Springs Utilities (Springs Utilities) have announced the start of operation for a new solar energy generating facility, the […] Read more
HyperSolar Accelerates Production of Renewable Solar Hydrogen Panels With new Tie-up Updated On Tue, Apr 14th, 2020 by Saurenergy HyperSolar is working with Suzhou GH to make the final modifications to the solar cells required to manufacture the Gen 1 hydrogen production panels HyperSolar Inc, the developer of a breakthrough technology to produce renewable hydrogen using sunlight and water, has announced that it is working with Suzhou GH New Energy, a division of GCL […] Read more
Engie Signs Tax Equity Financing for its 2 GW US Renewables Portfolio Updated On Mon, Apr 13th, 2020 by Saurenergy Engie North America has announced that it has signed a major tax equity financing for its 2 GW renewables portfolio in the US. Engie North America has announced that it has signed a major tax equity financing for its renewables portfolio. The portfolio consists of 2 GW of renewable assets, comprised of 1.5 GW of […] Read more
New Era of Generic Renewable Energy Tariffs in Maharashtra Starts Updated On Thu, Apr 9th, 2020 by Saurenergy Generic Renewable Energy Tariffs, which, until now declared by the respective state regulatory commissions have just entered into a new era of market determined mechanism, starting with Maharashtra. In its Generic Renewable Energy Tariff order for FY 2020-21 under MERC (Renewable Energy Tariff) Regulations, 2019 act, MERC (Maharashtra Electricity Regulatory Commission) has declared that projects […] Read more
REC Board Approves Incorporation of 7 SPVs for Evacuating Renewable Energy Updated On Thu, Apr 9th, 2020 by Saurenergy The board members of India’s power sector lender REC Ltd have provided their consent for a proposal to incorporate 7 project-specific special purpose vehicles (SPVs). These SPVs will facilitate the evacuation of renewable energy from Maharashtra, Madhya Pradesh, Karnataka and Rajasthan. REC said that “The board of directors of REC Ltd in its meeting held on March 25, 2020, inter-alia […] Read more
Indian IPP Renew Power Commits Rs 20 Cr in Fight against Coronavirus Updated On Wed, Apr 8th, 2020 by Saurenergy ReNew Power, country’s largest renewable energy Independent Power Producer (IPP), on Wednesday said that it will support in India’s fight against the global pandemic. The Gurugram-headquartered company assured that it will contribute to the Central and State governments’ efforts to combat the coronavirus (COVID-19) pandemic in the country. Initially, the company has committed Rs 20 […] Read more
Tata Power’s Renewable Arm Wins 300 MW Solar Project from NTPC Updated On Tue, Apr 7th, 2020 by Saurenergy Tata Power Solar, the renewable arm of utility giant Tata Power, has received a Letter of Award (LoA) from NTPC to develop 300 MW grid-connected solar project under CPSU Scheme Phase-II. Bangalore-headquartered Tata Power Solar has won this solar photovoltaic (PV) project under the reverse bidding auction held in February at an all-inclusive price of Rs 1,730.16 […] Read more
Sharp Increase in Renewable Investments Post COVID-19: Iberdrola CEO Updated On Tue, Apr 7th, 2020 by Saurenergy Iberdrola CEO Ignacio Galán has announced that the firm will speed up its renewable investments as soon as it is deemed safe to do so. Iberdrola CEO Ignacio Galán, while addressing the firms’ 600,000 shareholders in the recently held fully remote Annual General Meeting, has announced that in view of the current situation with the […] Read more
