Mytrah Energy Successfully Raises Rs. 1800 Crore Updated On Tue, Sep 19th, 2017 by Saurenergy The 1800 crore fund is being invested in the form of non-convertible debentures (“NCDs”) with a 7-year tenor into two Mytrah Group entities, Mytrah Energy (India) Private Limited (Rs. 980 crores) and Mytrah Ujjwal Power Private Limited (Rs. 820 crores). Mytrah, the Hyderabad-based renewable power producer has raised Rs 1,800 crores from Piramal Group’s financial […] Read more
Will GST Slowdown India’s Solar Power Juggernaut? Updated On Tue, Sep 19th, 2017 by Saurenergy The Government’s recent announcement of 18% tax rate under the new indirect tax regime for solar module was the biggest surprise for the power and renewable sector. Looking into the uproar and dissatisfaction in the industry the government seems to have changed its plan and working on settling the incongruities in the new regime. The […] Read more
Adobe Bengaluru Campus fulfills 100% of its Power Demand Through Renewable Energy, Signs 2.5 MW Grid-Scale PPA with CleanMax Solar Updated On Mon, Sep 18th, 2017 by Saurenergy Adobe has signed a 2.5 MW grid-scale solar power purchase agreement (PPA) with CleanMax Solar to operate off-site solar farms located in the Tumkur and Bellary districts of Karnataka. Adobe India today announced that its Bengaluru campus has become among the first in the state of Karnataka to meet 100 percent of its power consumption […] Read more
Aluminum Major Nalco to Tap Renewable Energy for Power Requirements Updated On Mon, Sep 18th, 2017 by Saurenergy NALCO looks forward to set up a 20 MW solar power plant in Madhya Pradesh and issued inviting tender (NIT) for selection of developer for EPC for 50 MW solar power project at a suitable location in India. National Aluminum Company (Nalco) is betting big on renewable energy resources to meet its rising power requirements. […] Read more
Azure Roof Power to Electrify Government of India Buildings across 10 States Updated On Mon, Sep 18th, 2017 by Saurenergy 50 MW allocation to Azure Power is the largest solar rooftop allocation done by SECI to supply power to Government buildings, approximately 14% of the total allocated capacity of 360 MW announced. Azure Power, a leading solar power producer in India, announced that it has won a 50 MW solar project in an auction conducted […] Read more
Indo-Japan Civil Nuclear Pact Will Open a New Chapter in Cooperation of Clean Energy: Modi Updated On Fri, Sep 15th, 2017 by Saurenergy Prime Minister Modi said Indo-Japan ties are not limited to bilateral or regional spheres. It is closely cooperated on key global issues and discussed ways to deepen ties in trade, security and civil nuclear energy. Prime Minister Narendra Modi at a joint press event in Japan said that the civil nuclear pact between India and […] Read more
IESA commemorates World Energy Storage Day by organizing policy roundtable Updated On Fri, Sep 15th, 2017 by Saurenergy The objective of this forum is to have a dialogue between thought leaders from industry and the policy makers to identify policy priorities that can help drive adoption of energy storage in India and make India a global hub for manufacturing of advanced energy storage technologies by 2020 said IESA. To commemorate on the 1st […] Read more
The Ambassador of France to India inaugurates Technique Solaire’s solar plant in Uttarakhand Updated On Wed, Sep 13th, 2017 by Saurenergy The commissioning of this solar power plant confirms the Technique Solaire’s strategy and its position among the leading French players to succeed in setting up projects in India. A 5 MW solar plant located at Village Maheshwari, Bhagwanpur, Uttarakhand was inaugurated today by H.E. Mr. Alexandre Ziegler, Ambassador of France to India. The plant is […] Read more
Energy Storage Market to Touch 70 GW by 2022 Updated On Tue, Sep 12th, 2017 by Saurenergy The total energy storage market between 2015 and 2022 in India is expected to go up from 4.4 GW to 70 GW. Out of 70 GW, over 35 GW of demand is expected from newer applications. The market for energy storage in the South Asia region is dominated by India. Energy storage helps in the […] Read more
