PFC Incorporates 5 SPVs for Evacuating Renewable Energy Updated On Tue, Jun 2nd, 2020 by Saurenergy State-owned power sector lender Power Finance Corporation Ltd (PFC) has incorporated, via its arm PFC Consulting, five of the project-specific special purpose vehicle (SPV) companies. These SPVs will facilitate the evacuation of renewable energy from the states of Andhra Pradesh and Rajasthan. PFC said that “5 Special Purpose Vehicle (SPV) companies have been incorporated as wholly-owned subsidiaries […] Read more
Germany’s GIZ to Help Southern India Balance its Renewable Resources Updated On Wed, May 27th, 2020 by Saurenergy Germany’s GIZ has commissioned a study for southern India to aid in balancing the energy supply from wind and solar and energy demand in the region DNV GL, the world’s largest resource of independent energy experts and certification body, has been contracted by Germany’s development agency Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) to conduct a […] Read more
Top 10 States for Renewable Energy Installations in Last 4 Years Updated On Fri, May 15th, 2020 by Saurenergy A list of the top 10 states that have implemented the maximum amount of renewable energy projects in the last four years. As part of Intended Nationally Determined Contributions as per the Paris Accord on Climate Change, India has undertaken to install at least forty percent of its total electricity generation capacity from non-fossil fuel […] Read more
Amplus Offers Helping Hand to Local Community amid Lockdown Updated On Tue, Apr 14th, 2020 by Saurenergy Amidst lockdown across the country to contain the spread of coronavirus, Gurugram-headquartered Amplus Solar is supporting the local community of Gurudev Nagar village in Mirzapur district, which is in the vicinity of UP’s first open-access solar park of 75 MWp owned by it. The company, which is a 100 percent subsidiary of Petronas Holdings, Malaysia, […] Read more
REC Board Approves Incorporation of 7 SPVs for Evacuating Renewable Energy Updated On Thu, Apr 9th, 2020 by Saurenergy The board members of India’s power sector lender REC Ltd have provided their consent for a proposal to incorporate 7 project-specific special purpose vehicles (SPVs). These SPVs will facilitate the evacuation of renewable energy from Maharashtra, Madhya Pradesh, Karnataka and Rajasthan. REC said that “The board of directors of REC Ltd in its meeting held on March 25, 2020, inter-alia […] Read more
Fresh CERC Order On Adani Green Energy Plea Establishes Ground Rules Updated On Tue, Mar 31st, 2020 by Saurenergy In a judgement uploaded on March 27, the Central Electricity Regulatory Commission has iterated the by now established view on GST change, where it has regularly been accepting it as a change in law. It has also allowed restitution to developers accordingly, payable by implementing agencies SECI and NTPC respectively, subject to the providing of […] Read more
EVs Emit Less CO2 Than Conventional Vehicles: Study Updated On Wed, Mar 25th, 2020 by Saurenergy EVs produce less CO2 than petrol cars across the globe, even if electricity generation involves substantial amounts of fossil fuel, according to a new study Electric vehicles (EVs) produce less carbon dioxide (CO2) than petrol cars across the globe, even if electricity generation involves substantial amounts of fossil fuel, according to a study which projects that in 2050 every second car on the […] Read more
Fourth Partner Energy Gets Funding for Power@1 Prog via Grameen Impact’s 1st Clean Energy Bond Updated On Sat, Mar 7th, 2020 by Saurenergy Fourth Partner Energy, a company having a strong presence in the distributed solar energy sector, has recently secured funding through Grameen Impact’s first clean energy bond for its Power@1 initiative. With an aim to address the Sustainable Development Goals (SDG), Grameen Impact Investments India (Grameen Impact) has launched its ‘POWER’ SDG#7 Impact Bond under the […] Read more
GERC Cautioned for Delaying Open Access Regulations by APTEL Updated On Fri, Mar 6th, 2020 by Saurenergy The Indian Captive Power Producer’s Association, which had filed a complaint at APTEL (Appelate Tribunal for Electricity) against the stat regulator in Gujarat, earned a moral victory with the APTEL bench agreeing with them. Their key contention? That the Gujarat power regulator or Gujarat Electricity Regulatory Commission (GERC) had been amiss in its failure […] Read more
