Statkraft to Invest $1.2 Bn in Renewable Energy Updated On Thu, Sep 27th, 2018 by Saurenergy In order to achieve the target, Statkraft has an ambition to reach 6000 MW onshore wind and 2000 MW solar until 2025. Renewable Energy generator, Statkraft in a bid to strengthen its position in the renewable energy industry has planned to invest USD 1.2 billion in the renewable energy segment during the period 2019-2025. In […] Read more
India to Fetch 18% Power from Renewable Energy by 2022: Moody’s Updated On Tue, Sep 25th, 2018 by Saurenergy Moody’s report also suggested that India as an aggressive seeker of reliance on the renewable energy segment is taking positive steps to align its power generation mix with its Nationally Determined Contribution (NDC) commitments under the Paris Climate Agreement. India’s installed renewable energy capacity might contribute 18 percent of the total electricity generation mix by the year […] Read more
Vikram Solar Commissions 1461 kW Rooftop Solar projects for Century Plyboards (India) Limited Updated On Tue, Sep 18th, 2018 by Saurenergy Vikram Solar, one of India’s leading module manufacturer and a prominent rooftop solar & EPC solutions provider, announced the installation of a 1461 kW Rooftop Solar PV system for Century Plyboards (India) Limited at two locations. The 1056kW at Century Plyboards’ Chennai unit is spread over 11000 square metres across seven factory sheds and 3 […] Read more
Mytrah Energy to Set 300MW Wind Project to Power SECI Updated On Mon, Sep 17th, 2018 by Saurenergy Mytrah Energy’s winning bid for 300MW of capacity was part of the fourth tranche of SECI ISTS wind reverse auctions in which a total of eleven companies had participated. Adding weight to its portfolio, Mytrah Energy has signed a power purchase agreement (PPA) with Solar Energy Corporation of India (SECI) for setting up a 300 MW […] Read more
Renewable Energy May Cause $6 Trillion Fossil-Fuel Divestment Updated On Wed, Sep 12th, 2018 by Saurenergy J P Morgan mentions that contrary investment in the renewable energy would pose a high risk on shareholder returns for the oil giants. With an increased pressure from governments and consumers to use renewable energy, oil industry is eyeing investing in alternative sources of energy. Leading market analyst, J P Morgan suggests that the global […] Read more
CLP India, Suzlon Join Hands for 2 Solar Projects in Maharashtra Updated On Tue, Sep 11th, 2018 by Saurenergy As per the deal, CLP India has agreed to acquire 49 percent stake in Gale Solarfarms and Tornado Solarfarms, two special purpose vehicles (SPV) set-up by Suzlon. Foreign investor CLP India and renewable energy solutions provider Suzlon has inked a joint venture pact for two solar projects of 50 MW and 20 MW in Dhule, […] Read more
Leap Green Energy to Reach 2GW Capacity by 2020 Updated On Fri, Sep 7th, 2018 by Saurenergy The state electricity boards and various industrial and commercial corporate consumers are the prospective buyers of the Leap Green Energy power. Renewable energy developer, Leap Green Energy states plans upgrading its energy generation capacity to 2 GW power from existing 751 MW along with fund injection of USD 300 million. “Leap Green Energy (LGE), India’s […] Read more
Sale of 30.4 MW Solar Projects Fetch Canadian Solar $103mn Updated On Fri, Sep 7th, 2018 by Saurenergy Canadian Solar has sold the solar power projects to Canadian Solar Infrastructure Fund (CSIF) of Japan. Solar developer and manufacturer, Canadian Solar has sold three of its solar power projects totaling 30.4 MW for USD 103 million. Canadian Solar has sold the solar power projects to Canadian Solar Infrastructure Fund (CSIF) of Japan. Further, the […] Read more
MNRE Opines Trimming Commissioning Period for Solar Projects Updated On Thu, Sep 6th, 2018 by Saurenergy The developers have put up concerns over the suggestion given by MNRE as shortening the period to develop solar projects would pressurize the developers and would pose quality issues. Making the solar developers unhappy, Ministry of New and Renewable Energy (MNRE) has proposed to cut short the commissioning period for solar projects in order to […] Read more
