New Solar PLI Scheme Changes Updated On Fri, Mar 11th, 2022 by Saurenergy Details on the new solar PLI scheme for the Rs 19,500 crores that was announced in the budget are still to come out formally. With a first PLI scheme that had a corpus of ‘just’ Rs 4,500 already having been concluded, it’s fair to expect some quick movement with part 2 now. However, reports and […] Read more
Sungrow Inaugurates 10 GW Solar Inverter Manufacturing Facility in India Updated On Thu, Mar 10th, 2022 by Saurenergy Leading solar inverter maker Sungrow held a formal ceremony in New Delhi to inaugurate the expanded 10 GW annual manufacturing capacity of its plant in India. The company claims that the inauguration is a response to “Make in India” Initiative of Government of India and demonstrates Sungrow’s commitment to “Atmanirbhar Bharat”. The company believes that […] Read more
Florida House sends governor contentious bill to end solar net metering Updated On Thu, Mar 10th, 2022 by Saurenergy The Florida Legislature has passed bills Florida SB 1024 and HB 741, which will slash off incentives associated with installing rooftop solar panels and curb net metering. The process of net metering provides system owners with the opportunity to gain extra revenue by selling their excess power to the grid while also making up for shortfalls […] Read more
Trina Solar Picks Australia for Vertex S+ module launch Updated On Thu, Mar 10th, 2022 by Saurenergy Trina Solar is launching what it calls ‘a higher power, higher efficiency’ Vertex S+ module in Australia. The development is driven by a record that was set last year for solar module installations in Australia in the rooftop solar segment. Trina Solar says that Vertex S+ is designed specifically for residential rooftops as well as […] Read more
Global Solar Street Light Market to Grow to $15.7 Billion by 2030 Updated On Thu, Mar 10th, 2022 by Saurenergy Research firm Astute Analytica has come up with a study which establishes that the global solar street light market was $3.9 billion in 2021 and will reach $15.7 billion by 2030. The global street light market will register a CAGR of 17.12% for the coming 2022-2030 period. Astute Analytica has assigned key reasons for the […] Read more
SJVN to Build 400 MW Solar Park in Himachal’s Kinnaur region Updated On Thu, Mar 10th, 2022 by Saurenergy The state government of Himachal Pradesh is planning to set up a solar power park in Kinnaur district in a quest to expand the renewables share in the energy basket further. The State MPP and Power Minister Sukhram Chaudhary has informed that a proposal to seek consent has been sent to the Central government. The […] Read more
Resurgent Power Ventures Pte Ltd Gets UP Power firm through IBC process Updated On Thu, Mar 10th, 2022 by Saurenergy Tata Power backed Resurgent Power Ventures has been selected for takeover of the South East UP Power Transmission Company Limited (SEUPTCL) by the resolution professional handling the case of the bankrupt transmission firm. A Letter of Intent (LOI) selecting Resurgent Power Ventures Pte Ltd (Resurgent) has been issued under the Insolvency and Banking Code (IBC)proceedings, […] Read more
NTPC Will Help Nine ISA Member Countries in Solar Projects Updated On Wed, Mar 9th, 2022 by Saurenergy National Thermal Power Corporation (NTPC) will act as Project Management Consultant (PMC) for nine countries that are part of the International Solar Alliance (ISA) to help them with the implementation of solar power parks and other projects that will make a combined capacity 3,845 MW. NTPC and International Solar Alliance had called up a meeting […] Read more
Macquarie Acquires France based Reden Solar for $2.7 Billion Updated On Wed, Mar 9th, 2022 by Saurenergy In a major development in the RE sector, France’s independent power producer (IPP) Reden Solar has been acquired by a consortium led by Macquarie Asset Management for an enterprise value of $2.7 billion. Reden Solar is one of the leading developers, builder and operator of solar photovoltaic (PV) power plants from France. At present the […] Read more
