MNRE Issues Guidelines for Wind Power Procurement from 2.5 GW ISTS Projects Updated On Fri, Jun 26th, 2020 by Saurenergy The Ministry of New and Renewable Energy (MNRE) has issued guidelines for implementation of ‘scheme for a tariff-based competitive bidding process for procurement of renewable energy power from 2500 MW ISTS connected blended wind power projects’. The government has implemented the scheme for procurement of power at a tariff discovered via a transparent process of […] Read more
Sterlite Power Buys SPV from PFC to Execute Large ISTS Project Updated On Fri, Jun 26th, 2020 by Saurenergy Sterlite Power, a leading power transmission infrastructure developer, on Friday, said that it has acquired Vapi II North Lakhimpur Transmission Ltd (VNLTL), a Special Purpose Vehicle (SPV) from power sector lender PFC’s arm PFC Consulting Ltd. Through this acquisition, the company is planning to execute a large inter-state transmission system (ISTS) project – Western Region […] Read more
Utility-Scale Solar Remains Off-Limits Across Solar Rich Southwest US: IEEFA Updated On Fri, Jun 26th, 2020 by Saurenergy The largest property owner in the US—the Bureau of Land Management (BLM)—has acreage set aside for utility-scale solar development on only 0.03 percent of the roughly 100 million acres it manages across the sun-rich Southwest, finds a report published by the Institute for Energy Economics and Financial Analysis. The report—Federal Land Agency Lags on Solar Development Approvals […] Read more
REIL Tenders for Residential Rooftop Solar Systems Across Bihar Updated On Fri, Jun 26th, 2020 by Saurenergy REIL has issued a tender for the rate contract for commissioning and maintenance of residential rooftop solar systems across various locations in Bihar. Rajasthan Electronics & Instruments Limited (REIL) has issued a tender for the rate contract for commissioning and maintenance of residential rooftop solar PV power systems across various locations in Bihar. The scope […] Read more
Rs 747 Crore US Order Win for Sterling and Wilson Updated On Fri, Jun 26th, 2020 by Saurenergy Sterling and Wilson Solar Solutions, Inc (SWSS), the US subsidiary of Sterling and Wilson Solar Limited (SWSL) has announced that it has been awarded a USD 99 million (~INR 747 crore) contract to construct a 194 MW project in the United States of America. It is being developed by a leading sustainable energy company, and […] Read more
Inadequate Policy Support for RE Startups and SMEs in India: WWF India Updated On Fri, Jun 26th, 2020 by Saurenergy There are only a handful of policies that help accelerate the growth of RE startups and SMEs to meet India’s clean energy demands, finds a new report. While India’s move towards clean energy transition has led to the emergence of various startups and Small and Medium Enterprises (SMEs), there are only a handful of policies that help […] Read more
State, Central Level Policymakers Should Work Together to Set Standardized Guidelines Updated On Thu, Jun 25th, 2020 by Saurenergy Although India does have a goal of renewable energy of 450 GW by 2030, it is not clear how this will be achieved in each state and what resources will make up the new energy mix at that time. By enabling a structure, it will allow Discoms across the country to prepare for this increase […] Read more
MNRE Forms PDC; Invites Stakeholders for Investment in India’s RE Sector Updated On Thu, Jun 25th, 2020 by Saurenergy With an aim to attract investment for the renewable energy (RE) sector in India, the Ministry of New and Renewable Energy (MNRE) has now formed the much-awaited Project Development Cell (PDC) in its Ministry. The move is in line with the Central Government’s earlier directive to set up an ‘Empowered group of Secretaries (EGoS) and […] Read more
PFC Sanctions over Rs 1 Lakh Cr; Disburses Rs 68k Cr as Loan in FY20 Updated On Thu, Jun 25th, 2020 by Saurenergy State-owned power sector lender Power Finance Corporation Ltd (PFC) has sanctioned loan amount of more than Rs 1 lakh crore during the financial year 2019-20. Further, it had disbursed about Rs 68,000 crore as loan, during FY20, including Rs 11,000 crore disbursed during the last week of March 2020, despite nationwide lockdown, said the non-banking financial […] Read more
