Tesla wagers on renewable energy, to acquire SolarCity for $2.6 billion Updated On Mon, Aug 1st, 2016 by Saurenergy Elon Musk’s Tesla Motors Inc. has acquired solar panel installer SolarCity for USD 2.6 billion. Tesla to acquire SolarCity in an all-stock transaction, under the agreement SolarCity stockholders will receive 0.110 Tesla common shares per SolarCity share, valuing SolarCity common stock at $25.37 per share based on the 5-day volume weighted average price of Tesla […] Read more
Ujaas Energy gets SP-1A Solar Energy Grading from CARE Updated On Mon, Aug 1st, 2016 by Saurenergy Indore based Solar EPC Company, Ujaas Energy Limited (formerly M&B Swtichgears Limited) has received “SP-1A” grading for its system Integrated (PV) from CARE under the Ministry of New and Renewal Energy Scheme for accreditation of channel partners. “SP-1A” grading stands for the “Highest performance” and “Highest financial strength” Speaking on this occasion JMD, Ujaas Energy […] Read more
Ministry of Power Raises RPO Trajectory for both Discoms and States Updated On Thu, Jul 28th, 2016 by Saurenergy Ministry of Power has raised the Renewable Purchase Obligations (RPO) trajectory for solar power in India. The Renewable Purchase Obligations makes it mandate for both Distribution Companies (Discoms) and states to purchase a certain percentage of their energy from renewable. Distribution Companies in India will now have to purchase 2.75% of their energy mix from […] Read more
Solar Power Tariffs expected to drop to as low as INR 3.50 a unit in 3 years Updated On Tue, Jul 26th, 2016 by Saurenergy Solar power tariffs in India, which fell below Rs. 5 per unit since last November, are once again expected to sink further as the industry doubles volumes every year and the cost of producing power continues to drop. A report published in the Mint mentions that that tariffs will fall to as low as 3.5 […] Read more
India’s Topmost Oil Firms to build Solar Farm with 1GW Capacity in Madhya Pradesh Updated On Sat, Jul 23rd, 2016 by Saurenergy Just yesterday we reported that PM Narendra Modi has invited India’s top fossil fuel ventures to contribute in solar, and how Indian Oil Corp. along with Oil India Ltd. have been working together to develop a 1-gigawatt solar farm in Madhya Pradesh. The senior officials of the state’s renewable energy agency told that Indian Oil […] Read more
PM Narendra Modi invites India’s top fossil fuel ventures to contribute in solar Updated On Fri, Jul 22nd, 2016 by Saurenergy India’s topmost energy corporations are moving beyond their roots in fossil fuels to plough money into renewables, supporting the idea of Prime Minister Narendra Modi’s goal to expand the growth of alternatives to the most polluting forms of energy. According to the reports of state agency responsible for implementing energy policy, one of the prominent […] Read more
Decline in the Prices of Chinese-made solar panels set to aid Indian solar Market Updated On Wed, Jul 20th, 2016 by Saurenergy The projected decline in the prices of Chinese-made solar panels could benefit the Indian solar developers, due to weakened demand in China and Japan and prolonged trade restrictions in the EU and the USA. The Tier-1 module prices are expected to go down to Rs. 27.50 (USD 0.41/EUR 0.37) per Wp for shipments in the […] Read more
SolarCity Collaborates With PG&E For Distributed Energy Resource Projects Updated On Thu, Jul 14th, 2016 by Saurenergy SolarCity and Pacific Gas and Electric Company (PG&E) collaborates to demonstrate how the coordinated use of solar smart inverters and behind the meter energy storage could provide enhanced benefits to the grid. PG&E has partnered with SolarCity to install smart inverters and battery storage systems for residential rooftop solar customers. The demonstrations will give an Idea how PG&E […] Read more
The residential solar market in the US to grow at a CAGR of 33.12% by 2020: Research and Markets Updated On Sat, Jul 9th, 2016 by Saurenergy Research and Markets has announced the addition of the “Residential Solar Market in the US 2016-2020” report to their offering. The research firm forecast the residential solar market in the US to grow at a CAGR of 33.12% during the period 2016-2020. The report covers the present scenario and the growth prospects of the residential […] Read more
