Fresh Covid Guidelines: RE Projects Allowed From April 20 Updated On Wed, Apr 15th, 2020 by Saurenergy The renewable energy industry, especially utility-scale solar and wind energy projects, received a small relief, in the form of permission to restart construction work on ongoing projects, as well as fresh projects possibly, from April 20 onwards. In an order dated April 15, signed by the Union Home Secretary, the order laid down the new […] Read more
MNRE to Promote Local Manufacturing, Export Hubs for RE: Anand Kumar Updated On Wed, Apr 15th, 2020 by Saurenergy MNRE is planning to identify suitable land sites for RE manufacturing and export services hubs in the country to offset the impact of the COVID-19 The Ministry of New and Renewable Energy (MNRE) has asked state and port authorities to identify suitable land sites for renewable energy (RE) manufacturing and export services hubs in the country to offset the […] Read more
NTPC to Raise Rs 4374.10 Crore via Bonds Updated On Tue, Apr 14th, 2020 by Saurenergy NTPC has said it will raise Rs 4,374.10 crore on April 16, 2020, through the issuance of unsecured non-convertible bonds on private placement basis. State-run power giant NTPC has said it will raise Rs 4,374.10 crore on Thursday i,e. April 16, 2020, through the issuance of unsecured non-convertible bonds on private placement basis. As per […] Read more
We Received Force Majeure Notices from Various Discoms, Despite Govt Directive: Azure Power Updated On Mon, Apr 13th, 2020 by Saurenergy Despite government directive to power distribution companies (Discoms) to pay dues on time, the country’s one of the leading independent solar power producer (IPP), Azure Power said that it has received Force Majeure notices from various Discoms citing an inability to perform their obligations as per the PPA due to Covid-19. There has been a […] Read more
Adani Green Energy Generation Capacity Rises to 2.5 GW in FY20 Updated On Sat, Apr 11th, 2020 by Saurenergy Adani Green Energy has announced that its power generation capacity saw a 30 percent rise, climbing up to 2,545 MW in FY 2019-20. Clean energy firm Adani Green Energy Ltd (AGEL) has announced that its power generation capacity saw a 30 percent rise, climbing up to 2,545 MW in FY 2019-20, while total electricity supplies jumped 14.5 percent […] Read more
Spending to Counteract Covid-19 Creates Opportunity to ‘Tilt to Green’: Report Updated On Thu, Apr 9th, 2020 by Saurenergy The Covid-19 has diverted attention away from global climate change mitigation, however, the European Bank for Reconstruction and Development (EBRD) economists in the latest report says that efforts to counteract the coronavirus create a chance to “tilt to green” the large-scale recovery spending being pledged, making it a key accelerator towards a low-carbon economy. However, […] Read more
REC Board Approves Incorporation of 7 SPVs for Evacuating Renewable Energy Updated On Thu, Apr 9th, 2020 by Saurenergy The board members of India’s power sector lender REC Ltd have provided their consent for a proposal to incorporate 7 project-specific special purpose vehicles (SPVs). These SPVs will facilitate the evacuation of renewable energy from Maharashtra, Madhya Pradesh, Karnataka and Rajasthan. REC said that “The board of directors of REC Ltd in its meeting held on March 25, 2020, inter-alia […] Read more
Total Invests Rs 3,707 Cr to Form 50:50 JV with Adani Green Energy Updated On Tue, Apr 7th, 2020 by Saurenergy French multinational energy company Total S.A. (Total) has invested about Rs 3,707 crore, through its step-down subsidiary, to form 50:50 joint venture (JV) with Adani Green Energy Ltd (AGEL), the renewable energy arm of conglomerate Adani Group. The move came after the regulatory body – the Competition Commission of India (CCI) — has provided its […] Read more
$600Bn to Be Spent on Wind Turbines Globally by 2028: WoodMac Updated On Tue, Apr 7th, 2020 by Saurenergy Despite demand fluctuations, the global wind turbine supply chain is racing towards a USD 600 billion cumulative opportunities by the end of 2028, as said by the global energy research & consultancy firm. However, annual average wind turbine supply is forecast to hit USD 60 billion between 2020 and 2028 – reflecting an increase of […] Read more
