Pristine Sun Gets Capital Commitment of $250 Million for Solar Expansion Updated On Mon, Feb 6th, 2023 by Saurenergy US renewable energy player Pristine Sun Corporation has announced a $250 million capital commitment from strategic private equity and family office investors to develop renewable energy projects. The equity commitment will allow Pristine Sun to develop, finance, and build up to 5 GW of its solar projects. The official statement of the firm held that […] Read more
Budgetary Allocation for Solar Sees Upward Thrust, But Wind Slumps Updated On Thu, Feb 2nd, 2023 by Saurenergy Finance Minister Nirmala Sitharaman has placed eminence on green growth in Budget 2023-24. Consequently, a slew of announcements and schemes have been announced. Off-grid and grid-connecting solar projects as well as PM-KUSUM has also see a major increase in budgetary allocation. An outlay of Rs 7327 crore has been approved towards the scheme for both […] Read more
MSEDCL Issues RFS for Procurement of 350 MW Solar Power Updated On Tue, Jan 31st, 2023 by Saurenergy Maharashtra State Electricity Distribution Co. Ltd. (MSEDCL), a wholly-owned subsidiary of the Maharashtra State Electricity Board has issued a Request for Selection (RfS) towards the procurement of 350 MW (AC) solar power from projects that are to be set up in Maharashtra. The competitive bidding process will be followed towards this and will also entail […] Read more
Boost to SMEs, Easy Imports, Cheaper Financing: Solar Expectations from Budget ’23 Updated On Tue, Jan 31st, 2023 by Saurenergy Budget 2022 made major announcements. Primary among them was the earmarking of Rs 19,500 crore for production linked incentives towards the manufacturing of high efficiency solar photo voltaic modules. While this has been a source of hope for the industry, a major mood dampener has been the imposition of duties on solar cells and modules. […] Read more
RWE, PPC To Develop Five Solar Power Projects In Greece Updated On Fri, Jan 27th, 2023 by Saurenergy Global energy players – RWE and PPC – have announced that they have taken the final investment decision for five photovoltaic projects in Greece through their joint venture company Meton Energy S.A. to help accelerate the Greek energy transition. In Meton Energy, RWE Renewables hold 51% stake while PPC Renewables has 49%. Thodoros Skylakakis, Greek […] Read more
Islamic Development Bank To Offer Insurance/Finance For RE Projects Updated On Wed, Jan 25th, 2023 by Saurenergy In a bid to promote the development of renewable energy projects, the Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), the insurance arm of the Islamic Development Bank (IsDB) Group, has signed an MoU with Abu Dhabi Future Energy Company or Masdar. Under the MoU, the bank and Masdar agree to co-operate […] Read more
Budget Countdown: As India Seeks Domestic Solar Cells, A Pioneer Hopes For The Right Moves Updated On Tue, Jan 24th, 2023 by Saurenergy As the world awaits the next Union Budget on February 1, which will also be the last full budget before the general elections in 2024, one company in West Bengal has more reason than most to hope for a positive outcome. Websol Energy System Limited. Set up in an age when Solar power at scale […] Read more
2023’s Promise for Solar. Will India Rise To The Challenge? Updated On Mon, Jan 23rd, 2023 by Saurenergy Early into 2023, the ground is set for a momentous shift for solar. But first, the numbers. In the Jan-Dec period, figures from India’s Central Electricity Authority show that the country added 13956 MW of solar capacity, of which just over 11 GW was utility scale solar. This is by far the best ever performance […] Read more
European Investment Bank Commits EUR 28.5 Mn for Three Solar Plants for Greece Updated On Mon, Jan 23rd, 2023 by Saurenergy PPC Renewables, which is a wholly-owned subsidiary of the Public Power Corporation SA, Greece’s largest power generation company, has announced that it will establish three solar power plants, that will boast of a cumulative capacity of 230 MWp. This is set to be among the largest solar energy projects developed or in the pipeline in […] Read more
