MYSUN Raises $4.2 Mn; Plans for another $35 Mn Funding in Few Quarters Updated On Wed, Apr 29th, 2020 by Saurenergy MYSUN, a Delhi based rooftop solar installer, on Wednesday said it has raised USD 4.2 million (or Rs 32 crore) from its existing investors in a structured equity deal as a part of its Pre-Series A round. Besides this USD 4.2 million funding, the rooftop solar installer is also looking to raise another round of […] Read more
India’s Electricity Demand to Shrink 1%, Discoms Losses to Rise by Rs 200 Bn: ICRA Updated On Wed, Apr 29th, 2020 by Saurenergy Amidst the lockdown imposed across the country due to coronavirus, the demand slowdown is likely to lead to a de-growth of 1.0 percent in electricity demand for the full year of FY2021, as predicted by a leading credit rating agency, ICRA. The rating agency analysed after considering the full lockdown till May 3, 2020, partial […] Read more
Sungrow Revenue Grows 25.4% in 2019, Plans to Lift R&D Investment Updated On Wed, Apr 29th, 2020 by Saurenergy With a minimal negative impact of coronavirus, Sungrow, a leading inverter solution supplier for renewables, has reported a growth of 25.4 percent to USD 1.864 billion in its revenue for 2019, against USD 1.572 billion in 2018. The inverter manufacturer shipped 17.1 GW of inverters in 2019 and touched its aggregate overseas shipments to 100 […] Read more
Duke Energy Sets Sights for 16 GW Renewable Capacity by 2025 Updated On Wed, Apr 29th, 2020 by Saurenergy Duke Energy has announced that it has updated its efforts to address climate change with a new goal of 16 GW renewable energy capacity by the end of 2025. In two reports released recently, Duke Energy has announced that it has updated its efforts to address climate change. The firm intends to cut carbon emissions to […] Read more
Average Spot Price Remains at Rs 2.36 Low During Lockdown Updated On Wed, Apr 29th, 2020 by Saurenergy The average spot power price has remained as low as Rs 2.36 per unit on the IEX during the lockdown period so far, which began last month The average spot power price has remained as low as Rs 2.36 per unit on the Indian Energy Exchange (IEX) during the lockdown period so far, which began […] Read more
Wpd Enters 600 MW Offshore Wind JV to bid in Taiwanese Tender Updated On Wed, Apr 29th, 2020 by Saurenergy wpd has formed a JV with Taiwanese LeaLea Group, to develop a 600 MW offshore wind farm which is expected to be part of the third tender round in Taiwan. With several contracts, wpd is strengthening its presence and activities in Taiwan and intensifying its focus on this emerging energy market. Ahead of future tender […] Read more
IRENA’s Coalition for Action Calls for Green Recovery Based on Renewables Updated On Wed, Apr 29th, 2020 by Saurenergy As COVID-19 rapidly devastates communities and livelihoods, effective response measures are urgently needed to address the immediate as well as the longer-term impacts of the crisis. Over 100 leading players in renewable energy, gathered under the IRENA Coalition for Action, have come together in a joint call for action, putting forward concrete recommendations on how governments can ensure […] Read more
CERC Extends Validity of RECs till October 31, 2020 Updated On Tue, Apr 28th, 2020 by Saurenergy Power sector regulator CERC has ordered the extension of validity of Renewable Energy Certificates (RECs) till October 31, 2020. The Central Electricity Regulatory Commission (CERC) in its order stated that the validity of RECs which expired or are likely to expire between April 01, 2020, and September 30, 2020, is extended up to October 31, […] Read more
Discoms’ Dues to Gencos Surges 31% to Rs 92,674 Cr in Feb Updated On Tue, Apr 28th, 2020 by Saurenergy The outstanding dues of power distribution companies (Discoms) to power generation companies (Gencos) grew by 31.1 percent to Rs 92,674 crore in February 2020, which reflected the continued stress in the power sector. As per the Government of India’s PRAAPTI portal (Payment Ratification And Analysis in Power procurement for bringing Transparency in Invoicing of generators), Discoms […] Read more
