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
IL&FS Proposes to NCLT Sale of Wind Assets to Orix Updated On Mon, Aug 12th, 2019 by Saurenergy ILFS group has proposed to NCLT the sale of its wind energy assets to Japan’s Orix Corporation, reducing the debt of the company by Rs 4,800 crore. Embattled IL&FS group has proposed to the National Company Law Tribunal (NCLT) the sale of its wind energy business to Japan’s Orix Corporation which will help reduce the debt of the company by […] Read more
Tata Power-DDL, CEEW Ink Pact to Accelerate RE in Delhi’s Micro-Grids Updated On Sat, Aug 10th, 2019 by Saurenergy This collaboration will also help in achieving Delhi’s 1 GW target of solar generation by 2020 and 2 GW by 2025, in accordance with the DERC guidelines for the implementation of group net metering and virtual net metering framework. In order to evaluate and accelerate the integration of decentralised renewable energy into Delhi’s power grid, […] Read more
Sterlite Power Wins 2 Transmission Projects Worth Over Rs 3000 Crore Updated On Fri, Aug 9th, 2019 by Saurenergy Sterlite Power has received a letter of award for two key inter-state transmission projects worth over Rs 3000 crore for Udupi-Kasargode and WRSS 21. Sterlite Power, India’s leading private power transmission player, has received a letter of award for two key inter-state projects worth over Rs 3000 crore for Udupi-Kasargode and WRSS 21 (Part B) […] Read more
Ørsted Reports Strong Numbers for First Half of 2019 Updated On Fri, Aug 9th, 2019 by Saurenergy Ørsted has achieved an operating profit of USD 1.32 billion in first half of 2019, up 2% and on track to deliver its full-year guidance. Wind Major Ørsted’s Board of Directors approved the interim report for the first half year (H1) of 2019. The firm revealed that it has achieved an operating profit (EBITDA) of […] Read more
India Ratings Raises Risk Concern for PPAs Signed With SECI, NTPC Updated On Thu, Aug 8th, 2019 by Saurenergy In its revenue risk analysis, the India Ratings and Research a part of Fitch Group found that the Power Purchase Agreements signed by NTPC and SECI are vulnerable to risks. Contrary to the general belief that the PPAs signed between the Renewable energy companies and reliable counter parties like Solar Energy Corporation of India (SECI) […] Read more
Macquarie to Acquire 400 MW Offshore Wind Farm in North Sea Updated On Thu, Aug 8th, 2019 by Saurenergy Macquarie Infrastructure and Real Assets has agreed to acquire the 400 MW wind farm BARD Offshore 1, from Unicredit. Macquarie Infrastructure and Real Assets (MIRA), via a Macquarie European Infrastructure Fund 5 led consortium, has agreed to acquire Ocean Breeze Energy, the owner of North Sea wind farm BARD Offshore 1, from Unicredit. The 400MW […] Read more
Powergrid Bags Transmission Projects in Gujarat and Rajasthan Updated On Thu, Aug 8th, 2019 by Saurenergy Powergrid has been declared the successful bidders to establish transmission systems for two projects in Gujarat and Rajasthan. The Power Grid Corporation of India (Powergrid) has announced that it has been declared the successful bidder under the tariff-based competitive bidding to establish transmission systems for two projects in Gujarat and Rajasthan. The first Letter of […] Read more
Six More Cities Now Get EESL’s Super-Efficient ACs Updated On Wed, Aug 7th, 2019 by Saurenergy These ACs will undergo no de-rating even at 43oC, which leads to continuous effective cooling even at high temperatures up to 52 oC. After introducing first-of-its-kind super-efficient Air Conditioners (ACs) for Delhi consumers, the government-backed Energy Efficiency Services Ltd (EESL) has expanded this programme to six more cities i.e. Mumbai, Bengaluru, Kolkata, Hyderabad, Chennai and […] Read more
