MIC to Sell Solar, Wind Biz to Goldman, DIF for $215 Mn Updated On Fri, Apr 5th, 2019 by Saurenergy The company has already planned to use these proceeds to invest in the growth of its remaining businesses. After Amtech Systems, recently, revealed its plan to sell its solar business, US-based Macquarie Infrastructure Corporation (MIC) has also inked a pact to sell its entire wind and solar power generation businesses. As per the deal, the […] Read more
Global Solar PV Market To Reclaim Double-Digit Growth, India Falls behind Updated On Fri, Apr 5th, 2019 by Saurenergy The latest IHS Markit’s Report on Solar sector says this revived growth is coming mainly from markets outside of China, which are forecast to rise by 43% in 2019 but USA will overtake India to once again become the second-largest PV market. The global solar PV market is set to bounce back from single-digit growth […] Read more
Cancellations in 2018 continue to cast a shadow over 2019 Solar and Wind Projections Updated On Fri, Apr 5th, 2019 by Saurenergy With total cancellations of close to 8500 MW, which would have drawn in investments of close to $ Six billion, India’s regulators at both central and state level continue to fend off criticism for the way they are running the show For the renewable sector in India, 2018 was the year which began with so […] Read more
World Bank Grants $148Mn to Finance Access to Electricity in Mozambique Updated On Thu, Apr 4th, 2019 by Saurenergy The World Bank has approved an $82 million grant to increase access to electricity in five of the poorest provinces of Mozambique, including Niassa, Nampula, Zambezia, Cabo Delgado and Sofala. The project is also supported through a $66 million Multi-Donor Trust Fund administered by the Bank. With the potential to benefit about 1.5 million people, […] Read more
India Should Evaluate BESS as a Viable Storage Tech Updated On Thu, Apr 4th, 2019 by Saurenergy The US-India Strategic Partnership Forum (USISPF) has said that grid-connected battery-based energy storage system (BESS) should be evaluated more actively as a commercial storage technology for grid services, as it offers superior performance and a declining price trend in the future. “In the 21st century, India’s symbol of national pride should be its grid that […] Read more
Maharashtra Order 5 Entities to Comply with the State’s RPO Updated On Thu, Apr 4th, 2019 by Saurenergy MERC has ordered five entities which include Indian Railways, Tata Power and BEST to comply with its Solar and Non-Solar RPO for the present and previous financial years. The Maharashtra Electricity Regulatory Commission (MERC) has formally asked five entities operating in the state to comply with its solar and non-solar renewable purchase obligation (RPO) for […] Read more
Karnataka Issues Tender For 3 MW Solar Plant in Belagavi Updated On Wed, Apr 3rd, 2019 by Saurenergy The last date of bid submission is April 10, 2019 The Karnataka Power Corporation Ltd. (KPCL) has floated a tender for the installation of 700 solar PV modules of 230 Wp capacity for a 3 MW solar PV power plant at Itnal Village in Belagavi district in the state. The brief scope of work for […] Read more
More than 300 GW of New Wind Capacity to be Added in Next 5 Years : GWEC Updated On Wed, Apr 3rd, 2019 by Saurenergy GWEC forecasts over 300 GW of wind capacity to be added in the next 5 years, with growth to come from emerging markets and offshore wind. According to a new report, 2018 was a positive year for the wind industry, with 51.3 GW of new installations. With market-based mechanisms, such as auctions, tenders and Green […] Read more
NTPC Floats Tender For 3 MW Solar Plant in Bihar Updated On Wed, Apr 3rd, 2019 by Saurenergy The last date of bid submission is April 22, 2019. NTPC Ltd. has issued a tender inviting bids from eligible bidders for the deployment of a 3 MW grid-connected solar PV power plant at NTPC-Kahalgaon in Bhagalpur, Bihar. The brief scope of work for selected bidder(s) will include the Design Engineering, Supply, Construction, Erection, Testing […] Read more
