UNION BUDGET 2017: Shock and Awe for Indian Solar Industry Updated On Fri, Apr 21st, 2017 by Saurenergy In an assertive throw to fuel the solar sector, the budget covertly focused towards helping the rural sector, agricultural sector and re-energising the real estate sector. It was a known fact that Digital payments and Demonetisation will take the center-stage. The clean energy pledges also vowed new propagations as the Government of India rifles solar […] Read more
Half of India’s energy capacity will be from non-fossil fuel sources in 10 years Updated On Wed, Apr 19th, 2017 by Saurenergy If India achieves its target to install 175 GW of renewable energy capacity by 2022 — as committed under the 2015 Paris Agreement — it will not need to install, at least until 2027, any more coal-fired capacity than the 50 GW currently under construction. Non-fossil fuels — renewables, nuclear and large hydroelectric power plants […] Read more
Secondary Solar Market in India Updated On Tue, Apr 18th, 2017 by Saurenergy with the rise of the solar market, there has been a constant pressure on Indian developers to churn their capital. To minimize the pressure the developers are laying the foundation for the advent of the secondary market for solar assets by shopping their rapidly growing solar projects to prospective investors. The merger and acquisition (M&A) […] Read more
DMRC Signs PPA with Madhya Pradesh for Sourcing Electricity from Rewa Solar Power Plant Updated On Tue, Apr 18th, 2017 by Saurenergy Delhi Metro Rail Corporation has inked a pact with Delhi Metro Rail Corporation for 24 percent electricity from Rewa ultra mega solar power project. Madhya Pradesh government will sign a power purchase agreement (PPA) with the Delhi Metro Rail Corporation (DMRC) on April 17 to supply 24 per cent of electricity generated from the Rewa […] Read more
Duke Energy Florida Brings Solar Power Plant Online Updated On Fri, Apr 14th, 2017 by Saurenergy The 17 acre facility in Osceola County is providing customers with nearly 4 megawatts of carbon-free solar energy. Nearly 15,000 solar panels soaking up the sun in Osceola County are now providing clean, renewable energy to Duke Energy customers in Florida. The new Duke Energy owned and operated Osceola Solar Facility is about the size of 13 football […] Read more
Indian Solar Sector Witnessed $1.6 Billion In Funding And M&A Transactions In Q1 2017: Mercom Capital Updated On Thu, Apr 13th, 2017 by Saurenergy Mercom Capital in its report states that ReNew Power was the highest funded company raising VC (venture capital), debt and project funding during the quarter. Renewable Energy Minister Piyush Goyal recently informed Rajya Sabha that India has added 5525 MW solar power generation capacity last fiscal, taking the total from this clean source to 12288 […] Read more
IDFC Alternatives looking to buy First Solar’s 200 MW assets in India for $200 million: Report Updated On Thu, Apr 13th, 2017 by Saurenergy IDFC Alternatives is interested in acquiring First Solar’s 200 MW power generation assets price valued at around Rs 200 million. IDFC is reportedly in talk with First Solar to buy its 200 MW worth of renewable energy assets in India. Live Mint citing close sources to the development reports that IDFC Alternatives is interested in […] Read more
IIT-KGP to lead India in becoming a Clean Energy Destination Updated On Sat, Apr 8th, 2017 by Saurenergy The multi-institutional centre at IIT-Kharagpur will work towards technological innovations on a range of issues related to power network, storage and Solar PV systems. IIT-Kharagpur will lead a UK-India joint virtual centre in clean energy in partnership with a consortium to develop solutions for integration of renewable energy into Indian and UK power grid. The […] Read more
ReNew Power Invests INR 6700 Crore to Double its Renewable Energy Capacity in One Year to Cross 2GW Updated On Thu, Apr 6th, 2017 by Saurenergy In a single year, ReNew Power has doubled its renewable energy generation capacity to cross 2000 MW. ReNew Power Ventures Pvt. Ltd. (“ReNew Power”), India’s leading renewable energy Independent Power Producer has announced that the company has doubled its power generation capacity in a single year’s time to cross 2 GW. In the financial year […] Read more
