US Grants $500M Financing To First Solar for 3.3GW Facility in Tamil Nadu Updated On Wed, Dec 8th, 2021 by Saurenergy U.S. International Development Finance Corporation (DFC) has approved up to $500 million of debt financing for First Solar, the largest American solar manufacturing company, subject to negotiations of definitive agreements. The DFC financing will support the company’s previously announced vertically integrated photovoltaic (PV) solar module manufacturing facility in Tamil Nadu, with a projected annual capacity […] Read more
At Intersolar India, Gujarat Demonstrates Why It Is India’s Solar Growth Engine Updated On Mon, Dec 6th, 2021 by Saurenergy At Intersolar India last week, the first doubt that was cleared very quickly was the choice of location. Gandhinagar, the capital of Gujarat, is known to most people more for its limited role as the seat of the state government, than any pretensions to be a thriving commercial or cultural hub. Barely 20 odd kilometres […] Read more
SECI to Set Up 40 MW Floating Solar Plant in Odisha Updated On Mon, Dec 6th, 2021 by Saurenergy A solar power plant with a capacity to generate 40-megawatt (MW) power will be installed at the Hirakud Dam Reservoir in Odisha’s Sambalpur district, an official said, according to media reports. It will be set up by the Solar Energy Corporation of India (SECI), which is under the Ministry of New and Renewable Energy (MNRE). […] Read more
Solar Marketplace Otovo Powers Up German Presence Updated On Mon, Dec 6th, 2021 by Saurenergy Norwegian solar marketplace firm Otovo has started operations in Germany. That takes the country count to 7 for the firm launched in 2016 to make solar rooftop installations an easier task for customers. Otovo claims that over 500 installer companies work with Otovo in Europe. These companies select which types of solar systems they want […] Read more
Dalmia Cement Promises Rs 250 Cr Solar Plant In Jharkhand Updated On Mon, Dec 6th, 2021 by Saurenergy Dalmia Cement (Bharat) Ltd, which had earlier become the first cement company to join RE100 – a global collaborative initiative of the world’s most influential companies committed to 100% renewable power, has committed to a Rs 250 crore investment in a solar plant to supply power to a planned additional grinding unit in the state. […] Read more
Integrating Storage Key to Solar’s Long-term Success, says Sterling and Wilson Renewable Energy Ltd CEO Updated On Fri, Dec 3rd, 2021 by Saurenergy In this conversation with Prasanna Singh, Group Editor at Saur Energy, Mr. Chandra Kishore Thakur, CEO, Sterling and Wilson Renewable Energy Limited, reflects on the firm’s current and future plans. Throwing light on solar’s growth potential in India, Mr. Thakur cites inflation, supply chain constraints and GST taxation structure, among others, as key challenges. Q. What […] Read more
India Attains COP21 Goal: 40% Pwr Gen Capacity Now Non-Fossil Based Updated On Fri, Dec 3rd, 2021 by Saurenergy India has achieved the target of 40% of its installed electricity generation capacity being from non-fossil energy sources, an official statement said on Thursday. At the end of October this year, the Ministry of Power (MoP) reiterated India’s commitment to achieve more than 40 percent cumulative electric power installed capacity from non-fossil-fuel energy resources by […] Read more
Removing All Subsidies on Solar Will Have Zero Impact On Demand Updated On Thu, Dec 2nd, 2021 by Saurenergy After years in the solar EPC and distribution business, Deepak Pandey of GPES has made his next big move. As Director of UK-based INVERGY, Mr. Pandey has set his sight on the emerging market for storage and linked solutions, which hold great promise in his view. We caught up with him to understand more about […] Read more
Tata Power Solar Bags India’s Largest Solar Storage Project Worth Rs 945 cr From SECI Updated On Thu, Dec 2nd, 2021 by Saurenergy Tata Power Solar Systems Limited (Tata Power Solar), India’s largest integrated solar company and a wholly owned subsidiary of Tata Power, has received Letter of Award (‘LoA’) from Solar Energy Corporation of India Ltd. (SECI) to build 100 MW EPC Solar project along with 120 MWh Utility Scale Battery Energy Storage System (BESS). The total […] Read more
