MPs ask Government to put Adequate Focus on Renewable Sources of Energy Updated On Tue, Aug 8th, 2017 by Saurenergy During a discussion on the India Institute of Petroleum and Energy Bill, 2017 in the Lok Sabha, a number of members from the Opposition parties said a majority of leading economies globally are moving towards bio-fuels and renewable sources of energy and India must take similar initiative. Opposition lawmakers has asked the government to put […] Read more
Rays Power Infra commissions 5 MW Solar PV Project for Aryavaan Renewable Energy Updated On Tue, Aug 1st, 2017 by Saurenergy The solar PV project that spreads over an area of 25 acres was executed by Rays Power on turnkey basis right from the land acquisition till the commissioning Rays Power Infra has announced that it has successfully completed a 5 MW solar PV project for Aryavaan Renewable Energy Private Ltd. The project execution work was […] Read more
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
Awareness programme on ‘scope and usage of renewable energy’ held in Manipur Updated On Sat, Jun 17th, 2017 by Saurenergy The awareness program was aimed at creating awareness with regard to access the existing schemes and benefit provided by the government under national and state government renewable energy mission. Tangkhul Naga Long (TNL) and YDF in collaboration with Manipur Renewable Development Agency (MANIREDA) recently organized an awareness programme in Manipur’s Ukhrul district on ‘scope and […] Read more
Eastern Railway to Adopt Solar Power to Reduce Dependence on Non Renewable Energy Updated On Sat, Jun 10th, 2017 by Saurenergy Eastern Railway has identified a potential of generating 10.17 MWp of solar power and reduce its dependence on non renewable energy. Eastern Railway has embarked on a mission to harness solar power, a renewable source of energy in perpetuity and thus reduce its dependence on non renewable energy sources. In step, it has identified a […] Read more
India reaffirms its commitment to renewable energy Updated On Fri, May 26th, 2017 by Saurenergy “We are looking at expanding renewable energy very rapidly. Solar, wind, hydro, biomass – all forms of energy which can reduce the carbon footprint and help us leave a better planet for the next generation – are receiving unprecedented attention in India” India on Thursday reaffirmed its commitment to renewable energy with the promise to […] Read more
India’s Energy Transformation from Fossil Fuel to Renewables is Gaining Rapid Momentum: Experts Updated On Thu, May 25th, 2017 by Saurenergy “Measures taken by the Indian government to improve energy efficiency coupled with ambitious renewable energy targets and the plummeting cost of solar has had an impact on existing as well as proposed coal fired power plants, rendering an increasing number as financially unviable,” India’s decision to cancel nearly 14 gigawatts of coal-fired power stations coupled […] Read more
Cabinet Approves Raising of Bonds of Rs. 2360 crores for Renewable Energy Updated On Thu, May 25th, 2017 by Saurenergy MNRE will raise the bonds through the Indian Renewable Energy Development Agency, and the funds will be used for approved programmes/schemes for solar park, green energy corridor, generation-based incentives and more. The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has given its approval to Raising of Bonds of Rs. 2360 crores for […] Read more
Failure by States to Pay for Renewable Power May Trip Green Energy Target by 2022 Updated On Tue, May 23rd, 2017 by Saurenergy Renewable purchase obligation (RPO) refers to the mandate imposed by law on some entities, mainly power distribution companies, to procure a certain part of their power requirement from renewable sources. States are lagging behind in meeting their renewable purchase obligation target which is a key policy instrument to meet the goal of installing 175 gigawatt […] Read more
