ReNew Power Raises $475 Million at Cheaper Cost Updated On Tue, Feb 7th, 2017 by Saurenergy The green bonds yielded 6% at the close of subscription and have helped ReNew Power raise $475 Million. ReNew Power Ventures has raised $475 million by selling green bonds to overseas investors as the solar and wind energy producer plans to refinance debt. The bond yielded 6% at the close of subscription on Monday. The […] Read more
Budget 2017 Brings Lower Indirect Levies for Renewable Energy Equipment Updated On Thu, Feb 2nd, 2017 by Saurenergy FM proposes lower excise and customs duties on renewable energy equipment and materials used in solar cells/panels/modules Giving a boost to clean energy programme, Finance Minister Arun Jaitley has proposed massive cuts in excise and customs duties on materials used in solar and wind plants, and also announced the second phase of solar park development […] Read more
Developments in the Renewable Energy Sector Updated On Wed, Jan 11th, 2017 by Saurenergy The renewable energy sector is getting stronger, and becoming a prominent component of our energy infrastructure. One reason for the increasing popularity of green energy is that is becoming cheaper to produce. Michael Liebreich, chairman of the advisory board for Bloomberg New Energy Finance (BNEF) said that recent solar and wind auctions in Mexico and […] Read more
Hero Future Energies Raises USD 125 Million from World Bank’s private investment arm to fund RE projects Updated On Thu, Jan 5th, 2017 by Saurenergy HFE signed an agreement with IFC for the investment, the proceeds of which will be used to fund the construction of wind and solar power plants Hero Future Energies (HFE) has raised US$ 125 million in equity infusion from International Finance Corporation (IFC), the World Bank’s private investment arm. HFE signed an agreement with IFC […] Read more
LUT developed new model shows the functioning of an electricity system that fulfills the targets set by Paris agreement Updated On Mon, Nov 7th, 2016 by Saurenergy Lappeenranta University of Technology (LUT) has developed a new model that shows how an electricity system mainly based on solar and wind works in all regions of the world. The new model also shows the functioning of an electricity system that fulfills the targets set by the Paris agreement by using only renewable energy sources. […] Read more
Atul Arya, Head Energy Systems Division – Panasonic India Updated On Sat, Nov 5th, 2016 by Saurenergy “We see a lot of potential in application of energy storage across Indian Railways.” The solar storage sector has emerged as a wakeful technology wherein it is echoing solar + storage as the next big thing. Amid, government recent helm to pilot MW projects with storage, this sector is rejigging the innovation-driven companies’ stimulus. To […] Read more
KSEB to cash in on renewable energy resources Updated On Wed, Oct 26th, 2016 by Saurenergy With the Centre meting out subsidies on renewable energy, Kerala is ambitiously working on solar-windmill hybrid system and newer models of windmills. The Kerala State Electricity Board renewable energy department is working on a solar-windmill hybrid system. This is a one-kilowatt system, where 600 watts would be generated using a micro windmill and a 400watt […] Read more
Tata Power designates three independent directors Updated On Wed, Oct 19th, 2016 by Saurenergy Tata Power has appointed three independent directors – Anjali Bansal, Vibha Padalkar and Sanjay Bhandarkar – on the its board with effect from October 14, 2016. The appointments are in terms of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Tata Power said in a statement today. While Bansal is a […] Read more
Tata Power acquires WREPL through share purchase agreement Updated On Thu, Sep 15th, 2016 by Saurenergy TPREL (Tata Power Renewable Energy Ltd), an arm of Tata Power, has completed 100 percent share purchase in WREPL (Welspun Renewable Energy Pvt Ltd) and its subsidiaries. Earlier in June, the company had announced that TPREL will acquire WREPL through a share purchase agreement (SPA) at an enterprise value of Rs 9249 crore, subject to […] Read more
