IDFC Bank Lends Rs 675 Crore for Rajasthan Solar Power Project Updated On Thu, Feb 23rd, 2017 by Saurenergy IDFC Bank will be sanctioning Rs 675 crore for a solar power project in Rajasthan owned by French company Solairedirect. IDFC Bank is creating a renewable energy niche in loans, sanctioning Rs 675 crore to a Rajasthan-based solar power project owned by French company Solairedirect. The deal could be an early sign of a revival […] Read more
GST to increase solar tariffs, boost domestic manufacturing and jobs: CEEW Updated On Wed, Feb 15th, 2017 by Saurenergy Key contributors to the increase in solar tariffs, as a result of GST, would include increase in operations and maintenance cost, panel costs, and financing costs. According to a study released by the Council on Energy, Environment and Water (CEEW),India’s emerging solar sector could see tariffs rise by nearly 10% if current tax exemptions were […] Read more
Madhya Pradesh Shows Solar Power Is Here To Stay And Make Significant Contributions To The Country’s Energy Mix Updated On Wed, Feb 15th, 2017 by Saurenergy Assuring developers of risk mitigation in terms of electricity offtake, by Rewa Ultra Mega Power Limited (a joint venture of Solar Energy Corporation of India Limited and Madhya Pradesh Urja Vikas Nigam Limited), also contributed to the drop. The solar revolution in India marches on, with renewed momentum, if the recently concluded reverse bidding auction […] Read more
IFC Mulls Rs 100 cr Investment in CleanMax to Fund 250 MW of Solar Power Projects Updated On Wed, Feb 15th, 2017 by Saurenergy CleanMax Enviro Energy Solutions could receive Rs 100 crore to commission more than 250 MW of solar power projects. International Finance Corp, the private sector investment arm of the World Bank, could invest about Rs 100 crore in renewable energy company CleanMax Enviro Energy Solutions, one of the largest solar power solutions providers in India. […] Read more
India as a solar power bright spot helps fill Japan, China slowdown Updated On Fri, Jan 20th, 2017 by Saurenergy India is expected to double up its solar power capacity outpacing once-booming Japan India may be a bright spot for global solar power markets this year as it adds capacity at a record pace, becoming one of the top regions for panel producers struggling with rock-bottom prices. India is expected to add nearly twice as […] Read more
Elecnor to Build a 115 MW Solar PV Plant in Chile Updated On Thu, Jan 19th, 2017 by Saurenergy The 115 MW Solar PV Plant will be constructed in the municipality of Til Til, Santiago Elecnor has won a USD 117.2 million contract to build solar PV plant in Chile. This facility, with a capacity of 115 MWp, will be in the municipality of Til Til, to the north of Santiago, in the Metropolitan […] Read more
ADB approves $390 million financing package for ReNew Power to develop renewable energy projects in India Updated On Wed, Jan 18th, 2017 by Saurenergy ReNew Power will utilize the fund to develop solar power projects with combined capacity of 398 megawatts (MW) in Jharkhand and Telangana Asian Development Bank (ADB) has approved a new $390 million financing package for ReNew Power to develop renewable energy projects in India. The financing will assist 7 special purpose vehicles owned by ReNew […] Read more
Amplus plans to Acquire Solar Power Firm Kiran Energy Updated On Wed, Jan 18th, 2017 by Saurenergy Amplus Energy, through investor I Squared Capital, plans to acquire Solar Power Firm Kiran Energy Amplus Energy Solutions Pvt. Ltd, which has offered to sell solar power at a record-low tariff, has evinced interest in acquiring Kiran Energy Solar Power Pvt. Ltd, as reported on Mint. Amplus, backed by US private equity (PE) firm I […] Read more
750 MW Rewa Solar Power Project to Break New Ground Updated On Tue, Jan 17th, 2017 by Saurenergy The 750 MW solar powers tender for Rewa might break Rs 4 per unit barrier Bids for the proposed and much delayed 750 MW solar power tender in the Rewa district of Madhya Pradesh are expected to be submitted early next week although another extension still seems likely. The project is being tendered by Rewa […] Read more
