Fotowatio Renewable Ventures Raises $29 Million from IFC to Fund 100 MW Solar Power Projects in Andhra Pradesh Updated On Sat, Apr 29th, 2017 by Saurenergy The Company is building two solar power projects of 50MW each in Andhra Pradesh. The cost of the project is estimated at $119 million which will be funded through a mix of 75 per cent debt and 25 per cent equity. Fotowatio Renewable Ventures (FRV) has raised $29 million (~Rs.1.86 billion) in non-convertible debentures (NCDs) […] Read more
SOLAR HOME STORAGE: IS INDIA READY? Updated On Wed, Apr 26th, 2017 by Saurenergy The solar industry is churning new dialogues to woo clean energy and become self-reliant for all the modern power needs. When modules gets nodal nudge the billion-dollar market influxes with a proficient game-plan. Climate change concerns, state initiatives including solar portfolio standards, and consumer efforts are resulting in increased deployments of clean technologies. Solar photovoltaics […] Read more
Indian Railways looking to set up Rs. 200 crore 50 MW solar power plant in Bhilai, Chhattisgarh: Report Updated On Tue, Apr 25th, 2017 by Saurenergy The project cost of the 50 MW solar power plant is estimated to be around Rs. 200 crore. Of the total cost, 20 per cent will be borne by the Indian Railways. The Indian Railways is reportedly looking to set up a 50 MW solar power plant in Bhilai, Chhattisgarh, through Railway Energy Management Company […] Read more
Construction Set to Begin on 55MW Solar PV Project in Kenya Updated On Sat, Apr 22nd, 2017 by Saurenergy The 55MW solar PV project, which will cost approximately US$116 million to develop, will stand as the largest solar plant ever developed in Africa. The Kenyan Rural Electrification Authority’s (REA) has approved the construction of a 55MW Solar PV Power plant in Garissa at a cost of Kshs 12.8 billion. The Authority will set up […] Read more
Secondary Solar Market in India Updated On Tue, Apr 18th, 2017 by Saurenergy with the rise of the solar market, there has been a constant pressure on Indian developers to churn their capital. To minimize the pressure the developers are laying the foundation for the advent of the secondary market for solar assets by shopping their rapidly growing solar projects to prospective investors. The merger and acquisition (M&A) […] Read more
Rewa Solar Power Project to Achieve Commercial Closure Soon Updated On Sat, Apr 15th, 2017 by Saurenergy The 750 MW Rewa solar power project will be delivering generated energy to Madhya Pradesh Power Management Corporation Ltd and Delhi Metro Railway Corporation. The 750 MW Rewa solar power project in Madhya Pradesh, which boasts of a three-tier payment security mechanism and optimal power scheduling arrangement, is expected to achieve commercial closure soon. Power […] Read more
Aquila Capital Completes Divestment of Second Solar PV Project in Japan Updated On Thu, Apr 13th, 2017 by Saurenergy The 38.4 MWp solar PV plant is Aquila Capital’s second project in Japan and establishes company’s presence in the island nation. Aquila Capital has completed the development of a solar PV project in Japan with an installed capacity of 38.4 MWp and has sold it to a local institutional investor. Aquila Capital additionally will manage […] Read more
ReneSola to introduce its latest solar modules for both domestic and international markets at SNEC 2017 Updated On Thu, Apr 13th, 2017 by Saurenergy ReneSola will showcase its latest products and modules with half-cut cells and the Virtus V at the SNEC 2017 International Photovoltaic Power Generation Conference & Exhibition in Shanghai ReneSola has announced that it will exhibit at the SNEC 2017 International Photovoltaic Power Generation Conference & Exhibition in Shanghai from April 19 to April 21. The […] Read more
Indian Solar Sector Witnessed $1.6 Billion In Funding And M&A Transactions In Q1 2017: Mercom Capital Updated On Thu, Apr 13th, 2017 by Saurenergy Mercom Capital in its report states that ReNew Power was the highest funded company raising VC (venture capital), debt and project funding during the quarter. Renewable Energy Minister Piyush Goyal recently informed Rajya Sabha that India has added 5525 MW solar power generation capacity last fiscal, taking the total from this clean source to 12288 […] Read more
