NTPC Postpones 2 GW Solar Auction Citing Opposition to Safeguard Duty Updated On Tue, Aug 7th, 2018 by Saurenergy The NTPC put-off on the auction process was prompted by the concerns of bidders over the impact of safeguard duty on imports on their present financial frameworks. State-run National Thermal Power Corporation (NTPC) has postponed a 2000 MW solar tender for a week citing developers’ dissent over the 25 percent safeguard duty imposed on solar […] Read more
Ind-Ra Upgrades Mytrah Energy from ‘IND-BBB’ to ‘IND-A’ Updated On Mon, Aug 6th, 2018 by Saurenergy The rating agency has upgraded Mytrah’s long-term credit rating from ‘BBB’ TO ‘A-‘ and short term rating from ‘A3’ to ‘A2+’. A leading wind energy service provider in India, Mytrah Energy (MEIPL) has received a higher credit rating from the chief market analyst India Ratings and Research (Ind-Ra). The rating agency has upgraded Mytrah’s long-term […] Read more
Tata Power’s CGPL Wins ‘Gold’ at FAME ‘Excellence in Safety’ Awards Updated On Mon, Aug 6th, 2018 by Saurenergy The award, given by the Foundation for Accelerated Mass Empowerment (FAME), recognizes industries for implementing best occupational health and safety systems, processes and practices. Tata Power’s wholly owned subsidy in Gujarat, Coastal Gujarat Power (CGPL) won ‘Gold’ at the FAME ‘Excellence of Safety’ awards for best safety practices and implementing workplace safety norms for the […] Read more
5,500 Churches in UK Run on Renewable Energy Updated On Mon, Aug 6th, 2018 by Saurenergy The sudden shift to renewable energy by the churches in UK has hit the fossil fuel companies hard. London based religious charity ‘Christian Aid’ has proclaimed that 5,500 churches in UK have started depending completely on renewable energy sources for their operations. “Renewable energy is now a mainstream power source,” Emma Pinchbeck, the executive director […] Read more
SECI Quashes 2000 MW Wind Power Tender as Infra Blues Repel Bidders Updated On Mon, Aug 6th, 2018 by Saurenergy SECI’s decision axed bids submitted by Renew Power, Adani Green Energy, Sprng Energy and Alfanar Energy. Solar Energy Corporation of India (SECI) has cancelled a 2000 MW wind power tender owing to the under subscription for 800 MW of power auction. A senior government official told ET, “We have decided to cancel the tender since […] Read more
Atlanta’s Georgia Power Plans to add 100MW of Solar Power Production Updated On Mon, Aug 6th, 2018 by Saurenergy The plan to increase the renewable energy capacity falls under Georgia Power Renewable Energy Development Initiative. Atlanta’s Georgia Power is aiming to add to its renewable energy portfolio another production capacity of 100 MW solar power. The Atlanta’s Journal Constitution stated that the company is looking for the solar energy facilities interested to sell stakes […] Read more
Dwarka Gets Delhi’s Largest Residential Rooftop Solar Plant Updated On Mon, Aug 6th, 2018 by Saurenergy The four societies which together house around 2000 residents and has 450 flats in Dwarka, will be the first ever project in on a large scale after IP Extension’s Milan Colony to have its own solar power plant. Delhi’s first large scale residential rooftop solar power plant has been sanctioned for four societies in Dwarka sub city. […] Read more
MNRE Appeals Exclusion of Solar Projects under Execution from Safeguard Duty Updated On Mon, Aug 6th, 2018 by Saurenergy The ministry has put up an urge to exclude projects bid out before 31st July as the safeguard duty came into effect on July 31st. The Ministry of New and Renewable Energy (MNRE) has urged the Finance Ministry to exempt solar projects under implementation from the 25 percent safeguard duty on solar goods from China […] Read more
Energy Storage Market in China to Post CAGR of 40% during 2018-22: Technavio Updated On Sat, Aug 4th, 2018 by Saurenergy The growth momentum of the market is expected to decelerate due to a decline in the year-over-year growth. Market research Company, Technavio mentions in a report that energy storage market in China is expected to post Compound Annual Growth Rate (CAGR) of around 40 percent in the period 2018-2022. However, the growth momentum of the […] Read more
