India Plans to Auction 40 GW Renewables Per Year for Next 10 Years Updated On Mon, Jul 2nd, 2018 by Saurenergy “We have to do 350 GW in solar (to meet demand by 2030), of which 100 GW is planned till 2022. So we have to bid out at least 30 GW each year from 2020 onwards to achieve additional 250 GW.” To boost the local manufacturing and help developers of the country, India has decided […] Read more
Solar Boom – A Fantastic Fillip for India! Updated On Sun, Jul 1st, 2018 by Saurenergy India’s solar boom proved to be a game changer for the country’s renewable growth trajectory, as the sector witnesses’ sharp momentum during the past four years under the leadership of Prime Minister Narendra Modi. In 2014, when he took PM’s chair, India had about 2.63 GW of solar energy capacity, which now surged to nearly […] Read more
CPPIB to Invest $300 Million in Renewable Energy Producer Mytrah Power Updated On Tue, Jun 26th, 2018 by Saurenergy We are in process of raising growth capital and there is interest from multiple investors,” said Mytrah Energy chief financial officer Shirish Navlekar without disclosing further details. An advance talks are taking place between Canada’s largest pension fund manager Canada Pension Plan Investment Board (CPPIB) and renewable energy producer Mytrah Energy Ltd where the former is investing about $300 million […] Read more
Renewable to be Half of Total Installed Capacity by 2030: RK Singh Updated On Tue, Jun 26th, 2018 by Saurenergy It (power demand) will go up further, which means we will need to expand our capacity, so energy is a good market here By the end of 2030, the renewable energy mix in India’s electricity mix would account for around 55% of the total electricity. The country is expanding and growing in its installation capacity […] Read more
Regulatory Challenges to Prolong, No Respite for Renewable Energy Certificates Updated On Tue, Jun 26th, 2018 by Saurenergy The obligated entities may prefer to continue to buy renewable power directly rather than using renewable energy certificates (DECs), to comply with their renewable power obligations There would be a lot of regulatory challenges that renewable certificates will continue to face and obligated entities may prefer to buy clean energy directly. India Rating and Research said, “The […] Read more
Green Energy Will Account For 40% of Total Energy Production in India, Says Harsh Vardhan Updated On Mon, Jun 25th, 2018 by Saurenergy Green energy, electricity produced from non-fossil fuel sources such as wind, solar power, and hydropower, will account for 40% of the total energy production in India As the country is leading the new initiatives in fighting climate change and greenhouse emission, it is also rapidly shifting from the conventional source of energy to clean energy. […] Read more
Financing Indian Sun Updated On Mon, Jun 25th, 2018 by Saurenergy After out-passing teething troubles related to GST implementation, India firmly cements it’s place as the fastest growing major economy in the world by clocking GDP growth rate of 7.7 per cent during the January to March quarter of FY 18. India, being the Asia’s third-largest economy, clinched this position after surpassing China’s 6.8 per cent […] Read more
India Offers $75 Mn Credit Support for 100 MW Solar Project in Cuba Updated On Sat, Jun 23rd, 2018 by Saurenergy During talks, both countries agreed to enhance cooperation in the fields of renewable energy, biotechnology, traditional medicine and trade and investment. During the third leg of Indian President Ram Nath Kovind’s three nations tour, India offered a USD 75 million credit support to Cuba for a 100 MW solar power project. The President’s Secretariat said […] Read more
Nigeria Eyes 30% Renewable Energy by 2030 to National Grid Updated On Fri, Jun 22nd, 2018 by Saurenergy A loan of $66m and $8m was granted to Nigeria for the solar project after it joined other countries to sign the International Solar Alliance (ISA) in March 2018 in New Delhi, India. Intensifying its collaboration with India on clean energy, the Federal Government of Nigeria has set a target for 30 percent renewable energy […] Read more
