Vineet Mittal’s Avaada Energy bags another $15 million from PROPARCO Updated On Wed, Nov 20th, 2019 by Saurenergy French development financial institution PROPARCO, has been reported to have made a $15 million equity investment in independent renewable power producer Avaada Energy Private Limited. For the Vineet Mittal led Avaada Energy, the fund raise further buttresses its credentials as an attractive option in India for funding by DFI’s. Earlier this year in April 2019, […] Read more
Europe to Lead RE Cost Reductions for Offshore Wind Through 2028 Updated On Wed, Nov 20th, 2019 by Saurenergy The levelised cost of energy (LCOE) in Europe for bottom-fixed offshore wind will fall from an average of USD 133/MWh in 2019 to USD 51/MWh in 2028 Europe’s levelised cost of energy (LCOE) for bottom-fixed offshore wind will fall from an average of USD 133/MWh in 2019 to USD 51/MWh in 2028, according to new […] Read more
Power Ministry Proposes Tariff Rebates on Advance Payments by Discoms Updated On Tue, Nov 19th, 2019 by Saurenergy The Ministry of Power has advised SERCs to establish reduction of generation/ transmission tariffs in cases of full or advance payments by state Discoms The Ministry of Power (MoP) has issued an order, advising state electricity regulatory commissions (SERCs) to establish the reduction of generation or transmission tariffs in cases of full or advance payments […] Read more
Vestas Secures 103 MW Order and EPC Contract in New Zealand Updated On Tue, Nov 19th, 2019 by Saurenergy Vestas has signed a 103 MW engineering, procurement, and construction contract with New Zealand-based electricity generator and retailer Mercury. Vestas has signed a 103 MW engineering, procurement, and construction contract with New Zealand-based electricity generator and retailer Mercury. The deal will extend Mercury’s Turitea Wind Farm from 119 MW to 222 MW, improving the cost […] Read more
Neoen and Tesla to Expand World’s Largest Li-ion Battery System Updated On Tue, Nov 19th, 2019 by Saurenergy Neoen has announced a 50 percent expansion of its Hornsdale Power Reserve in South Australia that will be supported by Tesla. Neoen, one of the world’s leading and fastest-growing independent producers of exclusively renewable energy, has announced a 50 percent expansion of its Hornsdale Power Reserve in South Australia that will be supported by Tesla. […] Read more
GCL and Powin Energy JV to Deliver Energy Storage Solutions Updated On Mon, Nov 18th, 2019 by Saurenergy GCL SI and Powin Energy have announced a JV, G-Powin Energy Solution, to expand their energy storage business in the Asia-Pacific region. GCL System Integration (GCL SI) and Powin Energy have announced a joint venture (JV), branded as G-Powin Energy Solution, to expand their energy storage business in the Asia-Pacific region. “GCL SI has supplied over 18 GW of […] Read more
AIIB Sets Aside $75 mn Loan for Renewables Financing in India Updated On Mon, Nov 18th, 2019 by Saurenergy AIIB has ramped up its investments in India with a USD 75 million loan to boost private capital investment in renewable energy, power transmission, etc. The Asian Infrastructure Investment Bank (AIIB) has ramped up its investments in India with total in-country financing now standing at USD 2.9 billion. Two of its most recent projects—approved by […] Read more
Renewable Certificate Sales Fall 2.25% in October, Down to 6.87 Lakh Updated On Mon, Nov 18th, 2019 by Saurenergy Sales of renewable energy certificates dipped 2.25 percent to 6.87 lakh units in October as compared to 7.03 lakh in the same month a year ago Sales of renewable energy certificates (REC) dipped 2.25 percent to 6.87 lakh units in October as compared to 7.03 lakh in the same month a year ago due to lower supply, […] Read more
Azure Power Quarterly Revenue up 28% at $40.3 Million Updated On Sat, Nov 16th, 2019 by Saurenergy Azure Power has announced its consolidated results under the United States GAAP for the fiscal Q2 2020, reporting an increase in revenue of 28 percent Azure Power, a leading independent solar power producer in India, has announced its consolidated results under the United States Generally Accepted Accounting Principles (GAAP) for the fiscal second quarter 2020, […] Read more
