IESA Welcomes GST Rate Cut on Li-Ion Batteries Updated On Thu, Jul 26th, 2018 by Saurenergy The GST Council’s move came after the recognition of the need to enhance the energy storage industry and its related segments. India Energy Storage Alliance (IESA) has welcomed the GST council’s reduction of goods and services tax (GST) for Lithium-Ion Batteries from 28 percent to 18 percent. The GST Council’s move came after the recognition […] Read more
Delhi Deputy CM Reviews First Green Budget Meeting Updated On Thu, Jul 19th, 2018 by Saurenergy The statement on Delhi’s Green Budget meeting further added that, “We are in the process of installing solar panels in roofs of 500 schools of Delhi government, and this project will be completed in nine months.” Delhi’s Deputy Chief Minister Manish Sisodia chaired the first Green Budget review meeting of the state and said that the […] Read more
Azure Power’s Portfolio Surpasses 3 Gigawatts Updated On Tue, Jul 17th, 2018 by Saurenergy Azure Power wins 300 MWs with AA+ domestic debt rated government entity (SECI) at a tariff 8% above the lowest bid in the auction 87% of the 2.2 GW contracted pipeline are with counterparties that have A to AAA domestic debt ratings Over 1 GWs of the contracted pipeline are with sovereign counterparties Azure […] Read more
Financing Indian Sun Updated On Mon, Jun 25th, 2018 by Saurenergy After out-passing teething troubles related to GST implementation, India firmly cements it’s place as the fastest growing major economy in the world by clocking GDP growth rate of 7.7 per cent during the January to March quarter of FY 18. India, being the Asia’s third-largest economy, clinched this position after surpassing China’s 6.8 per cent […] Read more
Azure Power Raises $135 Mn via Debt Financing from IFC Consortium Updated On Fri, Jun 1st, 2018 by Saurenergy The company will use these proceedings to finance approximately 200 MWs of it’s solar rooftop projects across the country. Indian solar power producer Azure Power has raised USD 135 million through debt financing from a consortium led by International Finance Corporation (IFC). The IFC led consortium also includes other lenders like FMO – the Dutch […] Read more
India Set to Join China as Global Leaders in Renewables, says Report Updated On Tue, May 22nd, 2018 by Saurenergy According to US based research institute, India’s “scheme for development of solar parks is becoming a successful model to attract foreign capital.” Furthermore, the report added the “Solar is Driving a Global Shift in Electricity Markets.” Much like China, India is poised to become global giant in renewable energy technology-led transformation thus making them two […] Read more
Andhra Pradesh to Give Farmers Power to Sell Power Updated On Mon, May 14th, 2018 by Saurenergy The project will be launched on a pilot basis in Visakhapatnam, Vizianagaran and Srikakulam district. The first 75,000 solar pump sets worth Rs 3.5 lakh each will be provided to farmers in these districts. On an estimate the pilot project will cost around Rs 2,625 Crore. Andhra Pradesh government is planning to initiate a scheme […] Read more
ISA Logo Transferred to Its Secretariat in Gurgaon Updated On Sun, May 13th, 2018 by Saurenergy Under the EU technical assistant project the logo was designed for Ministry of New and Renewable Energy (MNRE). The developer and the designer of the logo are Andrzej Uwitniewski and Marek Zaborowski. The rights of an International Solar Alliance (ISA) logo have been transferred by the European Union (EU) to ISA Secretariat situated in Gurgaon. […] Read more
Anti-Dumping & Safeguard Duty: A Battle Still Remain to be Fought on the Ground Updated On Thu, Apr 12th, 2018 by Saurenergy Inspite of, the Directorate General of Anti-Dumping (DGAD) has recently terminated the anti-dumping probe on import of solar cells and modules from China, Taiwan and Malaysia on the back of current petition withdrawn by the Indian Solar Manufacturers Association (ISMA) itself in March FY18. There’s still a journey of rocky road ahead to be travelled […] Read more
