Tesla wagers on renewable energy, to acquire SolarCity for $2.6 billion Updated On Mon, Aug 1st, 2016 by Saurenergy Elon Musk’s Tesla Motors Inc. has acquired solar panel installer SolarCity for USD 2.6 billion. Tesla to acquire SolarCity in an all-stock transaction, under the agreement SolarCity stockholders will receive 0.110 Tesla common shares per SolarCity share, valuing SolarCity common stock at $25.37 per share based on the 5-day volume weighted average price of Tesla […] Read more
Germany’s energy storage market will grow 11-fold and reach $1B by 2021: GTM Research Updated On Fri, Jul 29th, 2016 by Saurenergy GTM Research in its latest report ‘The German Energy Storage Market: 2016-2021’, has revealed that Germany’s energy storage market will grow 11-fold in megawatt terms between 2015 and 2021 and will reach an annual value of $1.03 billion. Germany is already one of the world’s leading energy storage markets. At the end of 2015, Germany […] Read more
Azure Power installs 10MW rooftop solar PV project in Mohali, Punjab Updated On Thu, Jul 28th, 2016 by Saurenergy Azure Power has installed a 10MW rooftop solar PV project in Mohali, Punjab. The 10 MW solar rooftop project is spread across eight locations in the state. Power produced by the solar plant will be sold to Punjab State Power Corporation Limited under 25-year power purchase agreement (PPA) at a tariff of Rs. 7.59/kWh. The […] Read more
Koyna’s Dam to get floating solar panels to generate 600MW power Updated On Thu, Jul 28th, 2016 by Saurenergy A proposal to set up floating solar panels on a surface area of 891 square kilometres on Koyna dam has been cleared. It will be used for solar power generation. The primary survey for the dam has been completed and the next stage of planning is currently underway. Departments like water resources, transmission, and renewable […] Read more
Uganda Debuts Solar-Powered Bus Updated On Thu, Jul 28th, 2016 by Saurenergy Kiira Motors‘s solar-powered bus has made a public debut in Uganda. Recently the company showcased the solar powered bus named Kayoola at Uganda’s capital. The bus has 35 seats and is the first public bus in Africa to be powered by the Sun. According to the chief engineer of the project, Mairo Obuwa, engines of […] Read more
Ministry of Power Raises RPO Trajectory for both Discoms and States Updated On Thu, Jul 28th, 2016 by Saurenergy Ministry of Power has raised the Renewable Purchase Obligations (RPO) trajectory for solar power in India. The Renewable Purchase Obligations makes it mandate for both Distribution Companies (Discoms) and states to purchase a certain percentage of their energy from renewable. Distribution Companies in India will now have to purchase 2.75% of their energy mix from […] Read more
Duke Energy’s 15,000 solar panels in Osceola County is now providing carbon-free energy Updated On Wed, Jul 27th, 2016 by Saurenergy Duke Energy’s 15,000 solar panels on 17-acre facility soaking up the sun in Osceola County are now providing clean, renewable energy to the customers in Florida. The new Duke Energy owned and operated Osceola Solar Facility is about the size of 13 football fields and produces nearly 4 megawatts of carbon-free energy. It officially began commercial operation on May […] Read more
Solar Power Tariffs expected to drop to as low as INR 3.50 a unit in 3 years Updated On Tue, Jul 26th, 2016 by Saurenergy Solar power tariffs in India, which fell below Rs. 5 per unit since last November, are once again expected to sink further as the industry doubles volumes every year and the cost of producing power continues to drop. A report published in the Mint mentions that that tariffs will fall to as low as 3.5 […] Read more
MNRE in process of finalizing the draft for National Lab Policy for Renewable Energy Updated On Mon, Jul 25th, 2016 by Saurenergy The Ministry of New and Renewable Energy (MNRE) is in the process of marking the final seal on a national lab policy to set norms for standardization, testing and certification of renewable energy related products in India, and also define the infrastructure required for the testing centres. Expected to be completed within a month’s time, […] Read more
