Sprint and Duke Energy Sign VPPA for 173.3 MW Wind Power Updated On Thu, Sep 19th, 2019 by Saurenergy Sprint and Duke Energy Renewables have announced a 12-year VPPA for 173.3 MW of new wind energy sourced from the 182 MW Maryneal Wind power project in Texas American telecommunications company, Sprint and Duke Energy Renewables, a commercial business unit of Duke Energy, have announced a 12-year virtual power purchase agreement (VPPA) for 173.3 megawatts […] Read more
Apparel Brand Gap Signs 90 MW VPPA With Enel Green Power Updated On Mon, Aug 12th, 2019 by Saurenergy Gap has signed a 90 MW VPPA for the Aurora Wind Project with Enel Green Power, marking one of the largest offsite RE contracts by an apparel retailer. Global apparel retailer Gap Inc. has announced that it has signed a 90 MW virtual power purchase agreement (VPPA) for the Aurora Wind Project with Enel Green Power North America, marking one of […] Read more
Distributed Renewables Could Create 400,000 Jobs in India Updated On Tue, Jul 16th, 2019 by Saurenergy A jobs census has estimated that by 2023, distributed renewables will create 400,000 jobs in India, including 190,000 formal jobs, and 210,000 informal jobs The first annual jobs census measuring employment from decentralised renewables for rural electrification in Africa and Asia has estimated that by 2023 the sector will create 400,000 jobs in India – including 190,000 direct, […] Read more
Solar Power Can Convert India’s Energy Poverty to Energy Prosperity Updated On Sat, Apr 20th, 2019 by Saurenergy Over a period of one year, Samuday has invested close to Rs 30 crore towards establishing 14 solar mini grids, supplying power to over 900 households in 15 villages. It has also committed another Rs 3 crore to be spent every year over the next five years towards maintaining these grids. In a bid […] Read more
Renewable Energy Industry Reactions on Interim Budget 2019 Updated On Fri, Feb 1st, 2019 by Saurenergy The industry was expecting a policy direction from the government to promote manufacturing, especially in the renewable energy sector in the background of the jobs crisis, which India faces. Surprisingly, this was completely missing from the budget, says Amit Gupta, Vikram Solar. India’s renewable energy industry was expecting lot of things from the present Modi […] Read more
SAR Group Re-Enters Inverter, Solar Segment Updated On Thu, Oct 25th, 2018 by Saurenergy Besides, the company, which is currently present in the automotive battery and E-rickshaw batteries segment, is also aiming to have net sales of Rs 2,000 crore this fiscal. SAR Group, promoter of Livpure brand, is re-entering into the inverter and inverter batteries segment after 7 years and aims to corner around 15% market share in […] Read more
With High Debts of Rs 370 Cr, Su-Kam to Face Auctions Updated On Sat, Aug 4th, 2018 by Saurenergy In April 2018, the tribunal admitted Su-Kam to be a Non-Productive Asset (NPA). In November 2017, SBI, owing to the high debts, had referred Su-Kam to the National Company Law Tribunal (NCLT) for bankruptcy proceedings. In April 2018, the tribunal admitted Su-Kam to be a Non-Productive Asset (NPA). Now up for bidding, Su-Kam has a […] Read more
Frost & Sullivan and TERI Deliberate Global Sustainability Requirements and Inclusive Development across Industries at the India Sustainability Leadership Summit 2018 Updated On Tue, Jun 5th, 2018 by Saurenergy The Summit was followed by the “Sustainability 4.0 Awards”, which recognized 18 winners showcasing transformational growth focusing on environment, sustainability and safety excellence Frost & Sullivan and The Energy and Resources Institute (TERI) co-hosted the “India Sustainability Leadership Summit 2018” and the 9th edition of “Sustainability 4.0 Awards 2018” on June 01, 2018 in Mumbai. […] Read more
India May Not Achieve 100 GW Target by 2022: Report Updated On Thu, May 17th, 2018 by Saurenergy The current bidding environment in India is ‘irrationally aggressive’. Around 70% of the total respondents were of the opinion that the aggressive nature of bidding, that lowered tariffs for wind and solar energy to Rs 2.43 and Rs 2.44 per unit respectively, is not feasible for the growth. The target of adding 175 GW of […] Read more
