UK Augments Funding for African RE Projects by £30 million Updated On Wed, Mar 13th, 2019 by Saurenergy Harriett Baldwin, the UK Minister for Africa, announced additional new funding to give more people and companies across Africa access to affordable, clean energy. Minister Ms. Harriett Baldwin announced that the new funding will see £30 million added to the Transforming Energy Access program, taking total British investment to £100 million, and allowing it to […] Read more
Reliance Issues EoI For Procurement of Renewable Power Updated On Wed, Mar 13th, 2019 by Saurenergy The last date for bid submission is March 25, 2019. Reliance Industries Limited (RIL) has invited Expression of Interest (EoI) for procurement of renewable energy from Generators, IPPs, DISCOMS, CPPs & Traders having valid Inter/Intra State Trading License issued by CERC or SERC for interstate and/or intrastate trading of energy for meeting its RPO. The […] Read more
ReNew Power Concludes $375 Mn Green Bond Issue Updated On Wed, Mar 13th, 2019 by Saurenergy The capital raised through the green bond issue will be utilised for refinancing of outstanding external commercial borrowings and as Capex in eligible green projects. ReNew Power Limited, one of India’s largest renewable energy Independent Power Producer (IPP) has successfully concluded a green bond issue of US$ 375 million. The five-year non-call two notes were […] Read more
MNRE Introduces New Mode-7 For Development of RE Parks Updated On Wed, Mar 13th, 2019 by Saurenergy A Payment Security Mechanism will be set up by SECI to ensure continuous payment to the power developers and mitigate any payment risk due to default in payment by Discoms. The Ministry of New and Renewable Energy (MNRE) in order to address the two most critical elements when developing a renewable energy project/park has issued […] Read more
ITI Floats Tender For 270 AC and DC Electric Vehicle Chargers Updated On Wed, Mar 13th, 2019 by Saurenergy The last date of bid submission is March 15, 2019. The Indian Telephone Industries Limited (ITI) has invited Expression of Interest (EOI) for selection of “Business Associates” for the supply, erection and commissioning of 70 AC (Smart) Charging Equipment (Bharat AC 001), 170 DC (Fast) Charging Equipment (Bharat DC 001) and 30 DC Fast Charger […] Read more
L&T Construction Bags Contracts for PT&D Biz worth Rs 1,000 Cr – Rs 2,500 Cr Updated On Tue, Mar 12th, 2019 by Saurenergy Additionally, it has bagged another order for the design and construction of a 15MW grid-connected floating solar farm under Visakhapatnam Smart City project. It is among the biggest floating solar projects in India. The construction arm of Larsen & Toubro, L&T Construction, has secured a number of Engineering, Procurement and Construction (EPC) orders worth Rs 1,000 […] Read more
Hanwha Q Cells Says Patent Case based on Structure, not Technology Updated On Tue, Mar 12th, 2019 by Saurenergy Diversified Korean Group Hanwha, which has been in the news for its Hanwha Q Cells division suing rivals, issued a release on Friday that the patent over which it is suing rivals is not restricted to any particular method of manufacture, but the solar cell structure. The Seoul based firm issued the clarification after one […] Read more
Greenko ropes in Siemens for 46% stake in Poovani Project Updated On Tue, Mar 12th, 2019 by Saurenergy German power and energy major Siemens confirmed on Monday that its financial services arm has picked up 46 percent stake in Greenko Group’s 200 MW Poovani wind power project in Tamil Nadu for an undisclosed amount. Its financial subsidiary Siemens Financial Services (SFS) has signed a definitive agreement with Greenko Group for the 46 percent equity investment, making […] Read more
Breakthrough! Gujarat Finally Relents, Central Wind Energy Projects to Move Updated On Tue, Mar 12th, 2019 by Saurenergy After months of uncertainty, the Gujarat government has finally budged, agreeing to making land available for Wind Energy projects bid out by SECI, the ‘central’ agency responsible for them. The news of Gujarat’s change in stance will be welcomed by SECI and developers alike, because the situation was threatening to get completely out of hand. […] Read more
