World Bank’s IFC Funds CleanMax Solar with $15 Million Updated On Thu, Nov 30th, 2017 by Saurenergy IFC also invested $125 million in Hero Future Energies, Hero Group’s renewable arm against an undisclosed equity stake. A senior executive from rooftop solar company CleanMax Solar has announced that the firm which is currently backed by American private equity giant Warburg Pincus has recently secured $15 million of funding against equity capital from International […] Read more
A 24MW Floating Solar Power Plant in Tuticorin to Be Setup By SPIC Updated On Wed, Nov 29th, 2017 by Saurenergy EDAC Engineering will be responsible to provide support for construction of the floating solar power plant. The Southern India Chamber of Commerce and Industry (SICCI) announced during a conference on ‘Climate change mitigation in manufacturing industries’, to set up a 24MW floating solar power plant to be built by Southern Petrochemical Industries Corporation (SPIC), a […] Read more
Government to Auction up to 17 GW Solar by March 2018 Updated On Fri, Nov 24th, 2017 by Saurenergy The government is looking at 17 GW capacities by March 2018. So far, 3.6 GW solar capacities have been auctioned. With persistent success of reverse auction of renewables, the Ministry of New and Renewable Energy has announced auction of up to 17 GW solar capacities by March 2018. The government is looking at 17 GW […] Read more
SMA Solar to Supply 1.2 GW Inverter Power for Utility Scale PV Projects in Australia Updated On Thu, Nov 23rd, 2017 by Saurenergy 2017 represents a ground breaking year for solar farm development in Australia says John Susa Major PV inverter manufacturer SMA Solar Technology has signed contracts to supply 1.2 GW inverter power to more than 20 utility Scale PV Projects in Australia in 2017. The capacity of the projects ranges from 10 megawatt to 270 megawatt […] Read more
Solar Companies Expect Easier Financing For Projects Updated On Mon, Nov 20th, 2017 by Saurenergy Moody’s upgrade of India to a solid investment grade level is a positive move in the renewable energy sector but regulatory hurdles could be a challenge. India’s massive effort towards renewable energy projects will gain from easier finance for investments following the upgrade of the country’s sovereign rating by Moody’s, according to the industry leaders. […] Read more
India-France Cooperation a ‘Partnership for Planet’: Foreign Minister Le Drian Updated On Sat, Nov 18th, 2017 by Saurenergy This is very positive and will enable us to further enhance the attractiveness of this international organization, which will have a crucial role to play in helping developing countries gain access to sustainable energy at lower costs. Describing the Indo-French cooperation as a “partnership for the planet”, French Foreign Minister Jean-Yves Le Drian that the […] Read more
Solar Power a Clear Leader, IEA Report Finds Updated On Fri, Nov 17th, 2017 by Saurenergy For the first time ever, there were more grid additions from solar power than another other type of fuel, the International Energy Agency said. IEA Executive Director Fatih Birol said that, by 2022, renewables in general will equal about half the global capacity for coal power and its solar energy in particular that’s leading the […] Read more
Espy of Solar Sector 2017 Updated On Thu, Nov 16th, 2017 by Saurenergy The substratum of achieving massive solar power goals is developing a new cult for India. Not just the arid but the meadows are equally sharing rich and low vegetative lands to meet the power demand of this growing economy. It’s well said that when you change the controversy, challenge seem to be a submerged destiny. […] Read more
OERC Introduces Net Metering System in Rooftop Solar Power Project Updated On Thu, Nov 16th, 2017 by Saurenergy Net metering allows consumers to power their homes with solar energy, and they will only have to pay for the units of electricity they have taken from the grid. The Odisha Electricity Regulatory Commission (OERC), which has launched a grid-connected rooftop solar programme in August this year, has now introduced net metering system in the […] Read more
