USAID, DFC to Grant $41 Mn Loan to Help Indian SMEs Finance Rooftop Solar Updated On Fri, Mar 19th, 2021 by Saurenergy USAID and DFC are sponsoring a USD 41 million loan portfolio to help finance investments by Indian SMEs in renewable energy, including rooftop solar. The United States Agency for International Development (USAID) and the U.S. International Development Finance Corporation (DFC) are jointly sponsoring a USD 41 million loan portfolio guarantee to help finance investments by […] Read more
Reshaping the Future of the Electric Grid Through Low-Cost, Long-Duration Discharge Batteries Updated On Thu, Mar 18th, 2021 by Saurenergy A new era of energy provided by renewables may be close, thanks to research begun at the Joint Center for Energy Storage Research (JCESR), a U.S. Department of Energy (DOE) Energy Innovation Hub led by DOE’s Argonne National Laboratory, and continued at its spinoff company, Form Energy. The challenge JCESR addressed is long-duration energy storage – […] Read more
Siemens Commissions India’s First HVDC Power Transmission Link Updated On Wed, Mar 17th, 2021 by Saurenergy Siemens has successfully commissioned India’s first high-voltage direct current (HVDC) link between Pugalur and Thrissur. Siemens Limited has announced that it has successfully commissioned India’s first high-voltage direct current (HVDC) link featuring voltage-sourced converter (VSC) technology. The 2,000 megawatts (MW) electricity transmission system, consisting of two links between Pugalur in the state of Tamil Nadu […] Read more
GWEC: 22 GW Wind Power Additions in North, Latin America In 2020 Updated On Mon, Mar 15th, 2021 by Saurenergy A recent report by the Global Wind Energy Council (GWEC) confirms that both North and Latin America, installed nearly 22 GW of new capacity of wind power in the region, a 62 percent spike over 2019 beating back the impact of COVID 19 comprehensively. According to the latest data released by GWEC Market Intelligence, in […] Read more
Ayala Backed Sitara Solar Achieves Financial Closure for 100 MW Rajasthan Project Updated On Mon, Mar 15th, 2021 by Saurenergy Sitara Solar, backed by the Philippines based Ayala Solar subsidiary AC Energy and UPC Renewables China Holding, has announced financial closure for its 100 MW project in Rajasthan. The firm had won the project in SECI’s 750 MW solar auction just over a year back, by bidding at a price of Rs 2.48/KwH. The project […] Read more
40% on Modules & 25% on Cells, MNRE to Impose BCD From April 1, 2022 Updated On Thu, Mar 11th, 2021 by Saurenergy The Ministry of New and Renewable Energy (MNRE) has finally finalised the new Basic Customs Duty (BCD) on solar PV cells and modules. As per an office memorandum, the Ministry is going to impose a 25 percent BCD on solar PV cells and 40 percent duty on solar modules without grandfathering of bid-out projects. However, […] Read more
Only 18% of Announced Recovery Spending can be Considered ‘Green’: Report Updated On Thu, Mar 11th, 2021 by Saurenergy An analysis of spending by leading economies has found that only 18 percent of announced recovery spending can be considered ‘green.’ One year from the onset of the pandemic, recovery spending has fallen short of nations’ commitments to build back more sustainably. An analysis of spending by leading economies, led by Oxford’s Economic Recovery Project […] Read more
MNRE Issues Amended Draft Policy for Promoting DRE Livelihood Applications Updated On Thu, Mar 11th, 2021 by Saurenergy MNRE has issued a revised draft of its policy framework for developing and promoting DRE livelihood applications in rural areas of India The Ministry of New and Renewable Energy (MNRE) has issued a revised draft of its policy framework for developing and promoting Decentralised Renewable Energy (DRE) livelihood applications. The ministry has invited comments/suggestions from […] Read more
SSN-COE Team Gets Rs 12 Cr Grant from DST for Solar Ingot Manufacturing Tech Updated On Wed, Mar 10th, 2021 by Saurenergy Researchers at SSN-COE have been awarded a Rs 12 crore grant from the DST, for tech they believe can catalyse India’s solar ingot and wafer manufacturing abilities SSN College of Engineering (SSN-COE), Chennai has announced that a team of its researchers led by Professor P. Ramasamy, Dean (Research) have been awarded a grant of Rs […] Read more
