REC Limited Raises USD 500 Million Through Bonds Updated On Fri, Feb 26th, 2021 by Saurenergy REC Limited has successfully raised USD 500 million 5.5-year Reg-S only bonds issued under its Global Medium Term Programme of USD 7 billion. Proceeds of the bond will be used to finance power projects following the approvals granted by the RBI from time to time and under the ECB Guidelines. This is REC Limited’s eighth […] Read more
Tumakuru Smart City Floats Tender For 20 MW Floating Solar Project Updated On Thu, Feb 25th, 2021 by Saurenergy The Ministry of Housing and Urban Affairs (MoHUA) of GoI has initiated the Smart City Mission (SCM) and selected Karnataka’s Tumakuru city to be developed as a Smart City. As part of the Smart City Initiative, Tumakuru Smart City Limited (TSCL) has floated a tender for the development of a 20 MWp Grid Connected Floating […] Read more
New Net-Metering cap Risks Stalling Rooftop Solar Progress in India: IEEFA Updated On Mon, Feb 22nd, 2021 by Saurenergy A new regulation that excludes rooftop solar systems over 10 kW from net metering could stall progress for rooftop solar targets of India A new regulation that excludes rooftop solar systems over 10 kilowatts (kW) from net metering will stall the adoption of larger installations in India, undermining progress towards the government’s rooftop solar target […] Read more
Scatec Reaches Financial Close on 150 MW Solar Project in Pakistan Updated On Mon, Feb 22nd, 2021 by Saurenergy Scatec and its local partner Nizam Energy have announced the successful financial close for the 150 MW Sukkur solar power project in Pakistan Scatec and its local partner Nizam Energy have announced the successful financial close for the 150 MW Sukkur solar power project with a total investment of about USD 100 million. Scatec’s first […] Read more
Wind, Solar Must Grow by 162 & 253 GW for Europe to Meet 2030 Emissions Target: WM Updated On Mon, Feb 22nd, 2021 by Saurenergy A new report details that for Europe to meet the 2030 emissions target, dramatic changes are needed including increased wind and solar installations A new report by Wood Mackenzie details that while the new 2030 emissions target of Europe of seeing a 55 percent reduction over 1990 levels has made it the undisputed global leader […] Read more
Renewable Sector Springs Back to pre-COVID Levels in India: CEEW-CEF Updated On Mon, Feb 22nd, 2021 by Saurenergy The renewable energy sector in India has rebounded to pre-COVID-19 levels in Q3 FY21 following the restoration of supply chains, per CEEW-CEF The renewable energy sector in India has rebounded to the pre-COVID-19 levels in Q3 FY21 following the restoration of supply chains, according to a new quarterly analysis release by the CEEW-Centre for Energy […] Read more
Global Offshore Wind Energy Market Size to Reach USD 81 Billion by 2030 Updated On Thu, Feb 18th, 2021 by Saurenergy A new report by insightSLICE has found that the global offshore wind energy market size was USD 23 billion in 2019 and has predicted that the market will reach USD 81 billion by 2030 at a CAGR of 12 percent. According to International Energy Agency (IEA), the offshore wind generation turbines with capacities reaching a […] Read more
MERC Orders SECI to Compensate MSEDCL for Delayed Solar Projects Updated On Thu, Feb 18th, 2021 by Saurenergy MERC has directed SECI to compensate MSEDCL as per a Power Sale Agreement (PSA) signed between the two entities for delayed solar projects. The Maharashtra Electricity Regulatory Commission (MERC) in its latest order has directed the Solar Energy Corporation of India (SECI) to compensate Maharashtra State Electricity Distribution Company Limited (MSEDCL) as per a Power […] Read more
POWERGRID Wins 2 Transmission Projects in Rajasthan Solar Energy Zone Updated On Thu, Feb 18th, 2021 by Saurenergy POWERGRID to establish two transmission projects for the evacuation of power from the Solar Energy Zones (SEZ) in Rajasthan. POWERGRID, Power Grid Corporation of India (PGCIL), has announced that it has been declared as the successful bidder under Tariff Based Competitive Bidding (TBCB) to establish two transmission projects on a build, own operate and maintain […] Read more
