Winning of Rs 2.90/kWh Renewable+Storage Tender by Renew Power Might be the Biggest Event of 2020 for Renewables, in terms of impact. Updated On Thu, May 28th, 2020 by Saurenergy In a recent tender for Round-The-Clock (RTC) supply of 100 percent renewable energy (RE) power with storage, the Solar Energy Corporation of India (SECI) has discovered a levelised tariff of Rs 3.52/kWh for 15 years. The bid was won by Renew Power. On the significance of this development for the renewables industry in India, we […] Read more
ArcVera Renewables Now Offering Technical Service for Energy Storage Projects Updated On Wed, May 20th, 2020 by Saurenergy ArcVera Renewables, a leading provider of consulting and technical services for renewable energy projects, has now unveiled its technical know-how for the standalone energy storage or hybrid projects. For the standalone renewable energy projects, the company will be providing expert technical, financial, and independent engineering services. The company, which is having over 40 years of […] Read more
Mexican Govt Blames COVID-19 for Seizing Renewables Energy Updated On Mon, May 18th, 2020 by Saurenergy The Mexican government has cited the coronavirus pandemic as a justification for new rules that will reduce the role of renewable energy in the energy mix The Mexican government has cited the coronavirus pandemic as a justification for new rules that will reduce the role of renewable energy like solar and wind power, granting a […] Read more
TransAlta Renewables Net Earnings Slip in Q1 Updated On Tue, May 12th, 2020 by Saurenergy Canada-based independent power producer (IPP) TransAlta Renewables has reported a sharp decline of CAD 73 million in its net earnings attributable to common shareholders to merely CAD 3 million, during the first quarter of 2020. The company’s net earnings attributable to common shareholders stood at CAD 76 million in the same period last year. Further, […] Read more
Philippines Central Bank Offers Support for Energy Transition and Renewables: IEEFA Updated On Mon, May 11th, 2020 by Saurenergy The Philippines’ Central Bank has approved a Sustainable Finance Framework to offer new support for energy transition and renewables. The Philippines’ Central Bank (Bangko Sentral ng Pilipinas) has approved a Sustainable Finance Framework to safeguard the financial system from the evolving material hazards from climate change and energy transition risk including stranded assets, the Institute […] Read more
India 5th Largest Energy Earner in the World, 3rd in Renewables Updated On Fri, May 8th, 2020 by Saurenergy According to a new study, India ranks fifth in the world when it comes to the world’s largest earners from energy industries and India 3rd for renewables According to a new study, India ranks fifth in the world when it comes to the world’s largest earners from energy industries. And for the rankings to judge […] Read more
Iberdrola Acquires French Renewables Firm Aalto Power for €100 Mn Updated On Fri, May 8th, 2020 by Saurenergy Iberdrola has signed an agreement for the acquisition of the French renewable energy company Aalto Power for 100 million euros. Spanish multinational electric utility Iberdrola has announced that it has signed an agreement for the acquisition of the French renewable energy company Aalto Power, which is owned by Aiolos and Caisse des Dépôts et Consignations, for […] Read more
Renewables Unaffected as Thermal Generation Suffered Amid Lockdown: India Ratings Updated On Wed, May 6th, 2020 by Saurenergy The decrease in demand has seen electricity generation from all sources (excluding renewables) take a hit in March 2020 with thermal generation at the front. According to a new analysis, the power demand in India declined for March and April amid the COVID-19 led lockdown, however, with the decrease in demand, electricity generation from all […] Read more
In Renewables Shadow, who Will Still Fund Coal in India? : Report Updated On Wed, May 6th, 2020 by Saurenergy Why would any debt/ equity capital providers fund a high emission & polluting new coal power plant at double the cost of deflationary, domestic renewables? The COVID-19 pandemic and the subsequent nationwide lockdown to curb its spread has highlighted the growing financial risks to India’s coal-fired power plant sector, a technology being superseded by international […] Read more
