Huge growth forecasted for India’s solar sector Updated On Wed, Oct 19th, 2016 by Saurenergy India’s solar sector outlook is positive in view of a strong government support for the renewable energy sector to achieve the target of 40GW of installed rooftop solar power by 2022 along with high investor interest, says a report. “We maintain our view that inefficiencies in the power grid infrastructure, power supply shortages and the […] Read more
PM Modi plans state aid package of Rs 210 billion rupee to boost India’s solar industry Updated On Tue, Oct 18th, 2016 by Saurenergy The Prime Minister of India, Narendra Modi’s is planning a 210 billion-rupee ($3.1 billion) package of state aid for India’s solar panel manufacturing industry, according to two officials. The so-called Prayas initiative, short for “Pradhan Mantri Yojana for Augmenting Solar Manufacturing,” a central-government plan designed to lift India’s installed photovoltaic capacity as well as to […] Read more
Kerala targets to add 600 MW of solar in next three years Updated On Sat, Oct 15th, 2016 by Saurenergy In an attempt to meet rising energy demand of the state, Kerala aims to get a huge boost as it plans to install another 600 MW of new solar over the next three years. As Kerala looks to satisfy its renewable purchase obligations, the decision to install 600 MW solar plants is a welcome for […] Read more
International Solar Alliance to get ratified at forthcoming COP22 Updated On Fri, Oct 14th, 2016 by Saurenergy The International Solar Alliance (ISA) announced at the climate conference in Paris (COP21), will be ratified at the forthcoming COP22 in Marrakech in November. The ISA ‘s objective is to bring together solar rich countries on a common platform to make joint efforts through innovative policies, projects, programmes, capacity building measures and financial instruments to […] Read more
Thrissur Corporation’s 200kW solar plant to be operative by October 15 Updated On Wed, Oct 12th, 2016 by Saurenergy Thrissur Corporation will be inaugurating its 200kW solar plant on October 15, and is expected to start working on similar projects to meet the increasing demand of electricity through renewable sources in different parts of the state. The newly installed solar plant b Thrissur Corporation at Jaihind Market has a capacity to generate 200 kilowatt […] Read more
Gamesa India intends to manufacture 1500V solar inverters Updated On Fri, Oct 7th, 2016 by Saurenergy Country’s major wind turbine company, Gamesa India is ensuring to make its presence felt in Solar by manufacturing inverters at its new blade plant at Nellore, Andhra Pradesh. Ramesh Kymal, company’s Chairman and Managing Director said that the inverters that will be produced at Gamesa India’s facility are the ‘1500V inverters’, for which there is […] Read more
ABB to install solar based micro grid at Vadodara facility Updated On Wed, Oct 5th, 2016 by Saurenergy ABB has announced that it will install a fully integrated and standardized micro-grid at its Vadodara facility in Gujarat, India to help boost renewable energy generation while reducing dependency on fossil fuel. This micro-grid, with a rooftop photo voltaic field at the company’s biggest manufacturing location in India with around 3,000 employees, will help ensure […] Read more
Asian Development Bank to allocate 500 million dollars loan for putting up solar rooftops in India Updated On Tue, Oct 4th, 2016 by Saurenergy The Asian Development Bank (ADB) is set to provide $500 million in financing for rooftop solar systems that will help the Indian government expand energy access using renewable energy. ADB will provide the financing to Punjab National Bank – one of India’s largest commercial banks – which will use the ADB funds to make loans […] Read more
Azure Power Ties up with Overseas Private Investment Corporation (OPIC) Updated On Tue, Oct 4th, 2016 by Saurenergy Azure Power has announced that it has partnered with U.S. Government’s development finance institution- Overseas Private Investment Corporation (OPIC) for long-term low-cost debt financing facility of USD 20 million for 15 years at a cost of capital of 4.74%. The company will utilize the load to construct 19 MW new solar rooftop projects across multiple […] Read more
