Australia’s CEFC Invests $72 Mn in Renewables Fund Updated On Fri, Dec 14th, 2018 by Saurenergy This is the largest equity investment ever made in renewable energy in Australia with an aim to encourage institutional investors. Making a tremendous renewable energy push, Australia’s Clean Energy Finance Corporation (CEFC) has invested US $72 million (AU $100 million) in the Australian Renewables Income Fund (ARIF). This is the largest equity investment ever made […] Read more
MNRE Issues Order Mandating Procurement of Locally Made Products Updated On Fri, Dec 14th, 2018 by Saurenergy Department of Industrial Policy and Promotion had earlier issued a notification in June 2017, mandating public procurement should encourage Make in India policy. Ministry of New and Renewable energy has issued an order mandating that public procurements should encourage Make in India to promote manufacturing and production of goods and services in India with a […] Read more
India Set to Overachieve Paris Climate Commitments Updated On Fri, Dec 14th, 2018 by Saurenergy India has committed to reduce the use of fossil fuels for its energy needs by 40% and instead use clean and renewable energy by the year 2030. Amidst a growing demand to do more for climate change, India comfortably sits at a position to overachieve the Paris climate change commitments. India has committed to reduce […] Read more
MNRE Again Amends Guidelines for Viability Gap Funding Updated On Wed, Dec 12th, 2018 by Saurenergy Earlier, SECI had the power to delay the project by three months in such situations and any extension beyond three months had to be approved by the ministry. The ministry of New and Renewable energy has yet again amended the guidelines which it issued earlier regarding setting up of solar parks of more than 2 […] Read more
Year End Review 2018 – MNRE Updated On Mon, Dec 10th, 2018 by Saurenergy India attains global 4th and 5th positions in wind and solar power installed capacities; India now at 5th global position for overall installed renewable energy capacity A total of 101.83 billion units of power were generated in the country during the year 2017-18 from renewable energy The Government has declared the trajectory of bidding 60 […] Read more
EBRD to Pump €15 Mn for Green Infrastructure in Romania’s Craiova Updated On Thu, Dec 6th, 2018 by Saurenergy The move will benefit around three lakh people of the city. The European Bank for Reconstruction and Development (EBRD) will be providing €15 million long-term loan to pump key urban projects in Craiova city of Romania. The move will benefit around three lakh people of the city. The Bank will finance the rehabilitation of 14 public buildings […] Read more
NTPC Touches 5 Trillion MW of electricity generation Updated On Tue, Dec 4th, 2018 by Saurenergy With multiple tenders issued across different genre, company has projects of over 20,000 MW under construction at multiple locations in the country. One of the India’s largest energy producers, National Thermal Power Corporation (NTPC) has achieved a milestone of generating 5 trillion units as on November 30,, 2019 using its power infrastructure spread across the […] Read more
West Bengal Issues Tender for Two MW Rooftop Project Updated On Sat, Dec 1st, 2018 by Saurenergy The tender will also include five years warranty and comprehensive maintenance in residential, institutional, and social sector on turnkey basis. Pushing for solar rooftops in the state, the West Bengal Renewable Energy Development Agency has issued a tender for 2MW of grid-connected solar-rooftop projects to be developed. The tender will also include five (5) years […] Read more
UPERC Accepts NPCL’s Response over Renewable Purchase Obligations Updated On Thu, Nov 29th, 2018 by Saurenergy UPERC had initiated suo moto proceedings against NPCL and Uttar Pradesh Power Corporation Ltd (UPPCL) for failing to submit the required information. The Uttar Pradesh Electricity Regulatory Commission (UPERC) has accepted Noida Power Company Limited’s (NPCL) submission regarding meeting the past renewable purchase obligations (RPO) targets. UPERC had initiated suo moto proceedings against NPCL and […] Read more
