EIB Expands Cooperation with SBI in Wind Energy Financing Updated On Sat, Nov 24th, 2018 by Saurenergy With this collaboration, the promoters of wind projects in the country will benefit from long-term low cost financing under the dedicated EUR 600 million renewable energy financing programme that is already supporting large-scale solar investment across the country. The European Investment Bank (EIB) will increase its support for India’s wind energy projects by expanding the existing lending programmes […] Read more
World Bank signs agreement with Jharkhand and Central government for a $310 million loan Updated On Tue, Nov 20th, 2018 by Saurenergy The Jharkhand Power System Improvement Project will help build new power transmission infrastructure To provide affordable, reliable and 24×7 electricity to the citizens of Jharkhand, the state and the central government have signed an agreement with the World Bank for a loan of $310 million. The Jharkhand Power System Improvement Project will help build new […] Read more
Instruments to Accelerate the Advent of Energy Storage in India Updated On Tue, Nov 20th, 2018 by Saurenergy With all the buzz going around energy storage these days, very often than not it is claimed to be the holy grail of renewable energy. Owing to the intermittency and unpredictability in solar and wind generation, high degree of flexibility in Loads and Sources is needed by the electricity grid for absorbing renewable energy beyond […] Read more
GoI, ADB Lend $300 Mn via IIFCL to Fund Projects Including Renewables Updated On Sat, Nov 17th, 2018 by Saurenergy ADB funding is expected to fund at least 13 sub-projects through IIFCL, involving roads and renewable power generation, under the last tranche, says Kenichi Yokoyama. The Government of India (GoI) and Asian Development Bank (ADB) signed a USD 300 million loan agreement to support lending by India Infrastructure Finance Company (IIFCL). The Ministry of Finance […] Read more
India Ready to Share Renewable Energy Expertise: R K Singh Updated On Fri, Nov 16th, 2018 by Saurenergy The minister was talking to delegates of various countries during the seminar of ‘Know India Programme’. Taking a leadership role in the renewable energy domain, Union Power and New & Renewable Energy Minister R K Singh said that India is ready to share its expertise in renewable energy sector with small island nations. The minister […] Read more
The Next Breakthrough in O&M Updated On Fri, Nov 16th, 2018 by Saurenergy The solar PV modules, as we know are guaranteed to perform for 25 years. In this 25 years, the solar panel (and the entire plant) is subjected to various amount of stresses ranging from wind loads, snow loads (in few countries), lightening or surges from grid, moisture ingression and temperature variations. Such stresses while not […] Read more
Adapt or Die – Can Renewables Save the Planet, or Is It Too Late? Updated On Thu, Nov 15th, 2018 by Saurenergy Since the recently held Global Climate Action Summit where global leaders debated the practicalities of taking the climate change battle to the next level, media sources the world over have all been reporting the same thing: if global warming is not kept in check, there will be dangerous environmental and socio economical consequences. The BBC headlined with […] Read more
Renascent Power to Buy 75% PPGCL under Stressed Asset Resoln Process Updated On Thu, Nov 15th, 2018 by Saurenergy Further, this transaction is the result of stressed asset resolution process initiated by the lenders through a competitive bidding process. Renascent Power Ventures, arm of Resurgent Power, signed a Share Purchase Agreement (SPA) with a consortium of lenders led by State Bank of India (SBI) to acquire 75.01 percent stake in Prayagraj Power Generation Company […] Read more
Azure Q2 Loss Narrows to Rs 29.8 Cr on Revenue from New Projects Updated On Thu, Nov 15th, 2018 by Saurenergy Further, the consolidated operating revenues of the company increased by Rs 40.2 crore, or 22 per cent to Rs 2,22.6 crore during Q2 2018-19, against the same period last year. Leading independent solar power producer Azure Power Global reported its consolidated net loss narrowed significantly to Rs 29.8 crore during the July-September quarter of FY19, driven […] Read more
