Azure Power Inks Subscription Pact to Raise $75 Mn Updated On Thu, Nov 7th, 2019 by Saurenergy Gupta further said “with this capital raise, our current committed projects will be fully equity funded.” Country’s one of the largest solar power developers and operators Azure Power has signed a subscription pact to raise USD 75 million via private placement of over sixty four lakh equity shares at USD 11.55 per share to Caisse de depot et placement […] Read more
SECI Extends Deadlines for 2 More Solar Energy Tenders Updated On Thu, Nov 7th, 2019 by Saurenergy SECI has announced the extension in the bid submission deadline for two solar tenders, the 7 GW manufacturing linked and the 1.95 MW with BESS in Lakshadweep. The Solar Energy Corporation of India (SECI) has announced the extension in bid submission deadline for two tenders, the 7 GW manufacturing linked solar tender and the tender […] Read more
The Problem with Rooftop Solar. Discom View Updated On Thu, Nov 7th, 2019 by Saurenergy In the first of a two-part series based on the report, Solar Rooftop, The Discom Perspective, we bring to you the issues, and possible solutions (in part 2) proposed by discoms. The report has been released by TERI and the Shakti Sustainable Energy Foundation. Even as India’s renewable renaissance has stumbled in the past 18 […] Read more
ADB Grants $451 Mn to Strengthen Power Connectivity in Tamil Nadu Updated On Thu, Nov 7th, 2019 by Saurenergy ADB has approved a USD 451 million loan to strengthen power connectivity between the southern and northern parts of the CKIC in Tamil Nadu The Asian Development Bank (ADB) has approved a USD 451 million loan to strengthen power connectivity between the southern and northern parts of the Chennai–Kanyakumari Industrial Corridor (CKIC) in Tamil Nadu, […] Read more
EESL to Host Inspire 2019, With Focus on Energy Security and Sustainability Updated On Thu, Nov 7th, 2019 by Saurenergy In a bid to foster a conducive ecosystem for sustainable energy through innovation, EESL will host INSPIRE 2019 from November 11 to 12, 2019, in Mumbai. In a bid to foster a conducive ecosystem for sustainable energy through innovation, Energy Efficiency Services Limited (EESL) a joint-venture of PSUs under the Ministry of Power, Government of […] Read more
Sterlite Power to Sell its Arcoverde Project in Brazil for About $35.5 Mn Updated On Wed, Nov 6th, 2019 by Saurenergy The motive behind the construction of Arcoverde Project was to expand the flow of renewable energy in the State of Pernambuco in Brazil. Global power transmission assets developer Sterlite Power has entered into a sale agreement with V2i Transmissão de Energia S.A. for its Brazilian transmission project called Arcoverde. As per the deal, V2i Transmissao […] Read more
Installation of Additional Solar DC Capacity to be Left on Developers: MNRE Updated On Wed, Nov 6th, 2019 by Saurenergy MNRE has stated that as long as the solar plants are in accordance with the contracted AC capacity, installation of DC capacity should be left to developers In a decision that will come as a relief for solar power developers in the country, the Ministry of New and Renewable Energy (MNRE) has issued an advisory/clarification […] Read more
Mainstream Power Closes $580 Mn Renewable Financing Deal in Chile Updated On Wed, Nov 6th, 2019 by Saurenergy Mainstream Renewable Power has reached financial close for the 1st phase of its wholly-owned and fully-contracted 1.3 GW wind and solar platform in Chile. Mainstream Renewable Power has reached financial close for the first phase of its wholly-owned and fully-contracted giant 1.3 gigawatts (GW) “Andes Renovables” wind and solar power generation platform in Chile. The […] Read more
Average Energy Spot Prices at 2-Year Low, REC Prices Rise Updated On Wed, Nov 6th, 2019 by Saurenergy The average spot power price at IEX dropped 54 percent to a two-year low of Rs 2.71 per unit in October, compared to Rs 5.94 per unit last year. The average spot power price at Indian Energy Exchange (IEX) dropped 54 percent to a two-year low of Rs 2.71 per unit in October, compared to Rs 5.94 per unit in the same […] Read more
