ADPower Gets Record Low Solar PV Price for 2 GW Project in UAE Updated On Tue, Apr 28th, 2020 by Saurenergy Abu Dhabi Power Corporation (ADPower), a water and electricity company, has received the world’s lowest solar photovoltaic (PV) price of 1.35 US cents/kWh for the United Arab Emirates’ (UAE’s) largest 2 GW of the solar project. This 2 GW solar plant in Al Dhafra is expected to be completed during the second quarter of 2022 […] Read more
Nedstack, Providence to Co-Develop Hydrogen Based Soln to offer Affordable Solar Power Updated On Mon, Apr 27th, 2020 by Saurenergy With an aim to offer affordable solar power around the clock, Sydney based innovation firm Providence Asset Group (Providence) and fuel cell manufacturer Nedstack have entered into a strategic partnership agreement to co-develop and deliver hydrogen-based power-to-power solutions for the Australian and Pacific region solar market. Both companies are also looking for the potential to […] Read more
‘Policy Framework Needed to Ensure Longevity of Domestic Products Offtake, Profitability’ Updated On Fri, Apr 24th, 2020 by Saurenergy The government has taken steps by coming up with few manufacturing-linked tenders for setting up solar capacities and has also introduced a basic customs duty on imports, but we need a policy framework that will ensure the longevity of offtake of the products manufactured as well as profitability, says a senior official of Tata Power […] Read more
8minute Expands Pipeline to 18 GW with new Solar Plus Storage Plants Updated On Fri, Apr 24th, 2020 by Saurenergy 8minute Solar Energy has added 3 GW of large-scale solar projects to its development pipeline this month, for a total of over 18 GW 8minute Solar Energy has announced that the company has added 3 gigawatts (GW) of large-scale solar projects to its development pipeline this month, for a total of over 18 GW—enough to […] Read more
NHPC Raises Rs 750 Cr at 0.30% Lower Rate for 10 Yrs Updated On Thu, Apr 23rd, 2020 by Saurenergy State-owned NHPC Ltd has raised Rs 750 crore on Thursday through the private placement of bonds at a very competitive interest rate of 6.80 percent per annum. Further, the company has raised the loan amount for a period of 10 years. Its coupon rate is 6.80 percent, which is lowest in the current fiscal and […] Read more
REINVEST 2020 Is Reimagined, MNRE Invites Bids for Virtual Event This Year Updated On Thu, Apr 23rd, 2020 by Saurenergy As we had reported earlier, the Reinvest 2020 event is set to go digital (virtual) this year, with the MNRE determined not to allow the Covid-19 pandemic to push the event any further. The event, which has struggled at times since its first edition in 2015, managing just one more event in 2018, is clearly […] Read more
I Squared Completes Sale of Largest Solar Platform in Taiwan to Marubeni Updated On Thu, Apr 23rd, 2020 by Saurenergy I Squared Capital has completed the sale of Chenya Energy, the largest solar platform in Taiwan, to Japanese firm Marubeni Corporation. I Squared Capital, through its ISQ Global Infrastructure Fund I, has completed the sale of Chenya Energy to Marubeni Corporation. Chenya Energy is a dedicated solar development, construction and operating platform in Taiwan and […] Read more
REC Sanctions Rs 7 Cr to Ramp Up Relief Work Amid Lockdown; More to Come Updated On Wed, Apr 22nd, 2020 by Saurenergy The central public sector undertaking (CPSU) REC Ltd, via its CSR arm REC Foundation, has sanctioned Rs 7 crore in a step to speed up the relief work amidst lockdown due to the spread of the coronavirus pandemic. Concerned over the plight of daily wagers, the navratna non-banking finance company (NBFC) said that more such […] Read more
150 GW of RE Projects at Risk Due to Coronavirus Updated On Wed, Apr 22nd, 2020 by Saurenergy In the fast developing situation arising out of the Coronavirus pandemic and its impact on renewables worldwide, we have seen many estimates, and updations to those estimates. The latest one is Wood Mackenzie’s (Woodmac) research that shows up to 150 gigawatts (GW) of wind and solar projects across the Asia Pacific at risk. These projects […] Read more
