Dramatic Fall in Cost of Funding Behind Record Breaking Solar Tariffs: IEEFA Updated On Tue, Jun 9th, 2020 by Saurenergy The cost of solar continued to decline during the pandemic, driven by dramatic falls in the capital cost of solar (solar module costs) and in the cost of funding. The Institute for Energy Economics and Financial Analysis (IEEFA) in a new report has detailed that despite the devastating impact of the COVID-19 pandemic, during the […] Read more
Covid-19 Created Opportunity to Implement Greener, More Circular Economy: Dr. Ajay Mathur Updated On Sat, Jun 6th, 2020 by Saurenergy The coronavirus pandemic has created the opportunity to implement a greener, more circular economy, said Dr. Ajay Mathur, Director General, The Energy and Resources Institute, (TERI). He was speaking at a webinar hosted to mark the World Environment Day on the theme, “Resource Efficiency for Greening of Recovery and fostering Sustainable Economic Growth in a […] Read more
US’ DFC Okays $350 Mn for Development in India Including over $200 Mn for Solar Updated On Fri, Jun 5th, 2020 by Saurenergy The US-Based Development Finance Corporation (DFC) has sanctioned about $350 million of investment for development in India under various projects including more than $200 million for the solar energy projects. DFC is an independent agency of the US Government that provides financing for private development projects. This investment is part of the $1 billion of […] Read more
Enel Awarded 106.3 MW in Italy in GSE’s Second Auction Updated On Fri, Jun 5th, 2020 by Saurenergy Enel Green Power has been awarded 68 MW of wind projects and 38.3 MW for repowering of already-operational hydro plants in the second GSE auction in Italy. Enel Green Power has announced that it has been awarded 68 MW of new renewable capacity for two wind projects and 38.3 MW of nominal capacity deriving from […] Read more
Govt Extends All Deadlines for ‘One Sun One World One Grid’ Plan on Request Updated On Thu, Jun 4th, 2020 by Saurenergy The Ministry of New and Renewable Energy (MNRE) has extended the timelines of each activity of its request for proposal (RFP) for the development and implementation of India’s ‘One Sun One World One Grid’ (OSOWOG) plan. The reason behind deadline extension is quoted by MNRE as “in view of the prevailing situation and lockdown in […] Read more
RK Singh Unveils Real Time Market in Electricity; India Now in Few Global Markets Updated On Wed, Jun 3rd, 2020 by Saurenergy Power and New & Renewable Energy Minister RK Singh have launched the pan-India Real-Time Market (RTM) in electricity, placing India amongst a league of few electricity markets in the world having such system. RK Singh has launched the RTM through video conference in New Delhi, on Wednesday. On explaining the significance of the RTM, RK […] Read more
Water Scarcity Driving Smarter Solutions in Solar Projects Updated On Wed, Jun 3rd, 2020 by Saurenergy India is a country that is developing rapidly and with this growth comes an increasing demand for water. Although India is well endowed with strong natural river systems, water scarcity is becoming a serious issue in the country. With higher demand for electricity, traditional sources of energy have become a liability not just due to […] Read more
Ajoy Choudhury Appointed as REC’s New Director Finance Updated On Mon, Jun 1st, 2020 by Saurenergy State-owned power sector lender REC Ltd said that Ajoy Choudhury has been appointed as Director (Finance) on the company’s Board effective from today i.e. June 1, 2020. Prior to this, Choudhury was handling the post of Executive Director (Finance) REC Ltd. The state-owned lender notified through a regulatory filing that “Ajoy Choudhury… has been appointed as Director […] Read more
PPA for Thermal Plant with Adani Power in MP Raises Important Questions Updated On Mon, Jun 1st, 2020 by Saurenergy The May 27 announcement by Adani Power of a 1320 MW thermal power deal in Madhya Pradesh raises more questions than it answers. The company’s subsidiary Pench Thermal Energy (MP) has signed a 25 year power purchase agreement (PPA) with MP Power Management Company (MPPMCL) for procurement of 1230 MW of electricity on long term […] Read more
