AIIB Grants $60 Mn Loan for 500 MW Solar Project in Oman Updated On Fri, Mar 27th, 2020 by Saurenergy AIIB has approved a USD 60 million loan to increase the renewable power generation capacity in Oman by financing a 500 MW solar PV project in the country The Asian Infrastructure Investment Bank’s (AIIB) Board of Directors has approved a USD 60 million loan to increase the renewable power generation capacity in Oman to help […] Read more
CERC Sticks to the Script in Judgement on Hero Solar Petition Updated On Thu, Mar 26th, 2020 by Saurenergy The Central Electricity Regulatory Commission, (CERC), in an order dated March 26 has maintained a line that has now become the de facto rule for all issues related to the introduction of GST and its impact on projects awarded beforehand. In this case, the petitioner was Hero Solar Energy Private Limited, which had won bids for […] Read more
mPower Raises Addl $1.85 Mn in Series A Funding Updated On Wed, Mar 25th, 2020 by Saurenergy New Mexico headquartered innovative solar technology solutions provider, mPower Technology has raised an additional USD 1.85 million in Series A funding. Now, the company has an aggregate investment of USD 4.35 million in Series A round of funding. The company said that this extension round included investments from Cottonwood Technology Fund, NMA Ventures, and various angel investors. On investing in mPower, […] Read more
Long Standing Issues of Long-Term Power Purchase Agreements Updated On Tue, Mar 24th, 2020 by Saurenergy The Standing Committee on Energy had recently presented its 4th report in the Parliament, one key area of focus was the state of Power Purchase Agreements The Standing Committee on Energy working under the Ministry of Power had recently presented its fourth report in the Parliament addressing all the financial layouts made by the government […] Read more
Should Safeguard Duty Expiry in July be Replaced with Fresh Tariffs on Solar Imports from China and Malaysia? Updated On Tue, Mar 24th, 2020 by Saurenergy Safeguard duty, which was implemented by the government in July 2018 with an aim to protect the domestic solar manufacturing, is going to be wrapped up in July this year. In-line with this, the Directorate General of Trade Remedies (DGTR) has already initiated a review investigation for considering continuance of safeguard duty on solar cells […] Read more
Canadian Solar Completes Sale of 17.7 MW Solar Portfolio in Italy Updated On Tue, Mar 24th, 2020 by Saurenergy Canadian Solar has announced the closing of a 17.7 MW solar portfolio sale in Italy to Sonnedix. The portfolio consists of 5 subsidy-free projects in Sicily. Canadian Solar has announced the closing of a 17.7 MW solar portfolio sale in Italy to Sonnedix. The Company expects to recognise revenue from the sale in the first quarter of […] Read more
Solar Rooftop: Over to the States Updated On Mon, Mar 23rd, 2020 by Saurenergy The Missing Player Rooftop Solar. Right up till 2014, when India shifted gears in solar with an ambitious new target and a new focus on utility scale solar, solar usually meant rooftop solar, or even solar water heaters and other distributed solar products. And this was not because we had a lot of rooftop solar […] Read more
SECI Floats Tender for 2000 MW Solar Projects (ISTS-IX) Updated On Mon, Mar 23rd, 2020 by Saurenergy SECI has issued the RfS for selection of solar power developers for setting up of 2000 MW of ISTS-connected solar PV power projects in India (ISTS-IX). The Solar Energy Corporation of India (SECI) has issued the Request for Selection (RfS) document for selection of solar power developers for setting up of 2000 MW of ISTS-connected […] Read more
Saipem, Equinor Sign Cooperation Agreement for Floating Solar Projects Updated On Mon, Mar 23rd, 2020 by Saurenergy Saipem and Equinor have recently signed a cooperation agreement to develop a floating solar power project for near coastal applications. Saipem and Equinor have recently signed a cooperation agreement to develop a floating solar power project for near coastal applications. The technology will be based on the in-house developed concept by Moss Maritime, part of […] Read more
