ILFS close to a deal with GAIL for Wind Assets at Rs 4700 crores Updated On Tue, Apr 23rd, 2019 by Saurenergy Public Sector Gas Utility GAIL has made the highest offer for the wind assets of scam-hit ILFS In a release from ILFS, the New Delhi based public sector gas major, Gas Authority of India Limited (GAIL) has made the highest binding bid for its wind assets. The deal, if consummated, would include seven wind power […] Read more
Growatt Hikes Investment in India’s Growing Rooftop Solar Market Updated On Mon, Apr 22nd, 2019 by Saurenergy It also added that, if policy and financing support comes in, rooftop installations will take off for sure. Buoyed by the growth of Indian rooftop solar market, China-based PV-solar inverters maker Growatt has started increasing its investment in the country. Speaking on the investment, Growatt, Regional Director, Rucas Wang said, “Indian solar market is on […] Read more
April 17 Killer Storm hits Bhadla Solar Park too, as Developers Count Damages Updated On Mon, Apr 22nd, 2019 by Saurenergy The Bhadla Solar Park, the showpiece solar park in Rajasthan, seems to have been hit significantly by the storm on April 17. Risks to Solar Installations from natural causes are an ever present one, and something most firms try to hedge against by way of quality of construction, insurance and a prayer perhaps. At Bhadla […] Read more
Mahindra Group Renewable Arm Looking to Sell Solar Assets Worth 160 MW Updated On Mon, Apr 22nd, 2019 by Saurenergy Mahindra Susten, the renewable energy arm of the Mahindra group, has initiated the formal process to sell a portion of its solar assets worth a combined 160 MW. The company’s renewable offerings include diversified services within the renewable energy and cleantech space, such as turnkey solar engineering, procurement, and construction (EPC) services, both utility-scale solar […] Read more
Uttar Pradesh Approves Bids For Development of 100 MW Floating Solar Projects Updated On Sat, Apr 20th, 2019 by Saurenergy The commission stated that their approval must not be considered as approval for tariff adoption. For the adoption of the tariff, a separate petition needs to be filed. The Uttar Pradesh Electricity Regulatory Commission (UPERC) has approved the opening and finalisation of bids submitted by ReNew Power for the development of 100 MW of floating solar […] Read more
ADB Granted Nearly USD 4 Bn in Sovereign Loans and Co-Financing to India in 2018 Updated On Wed, Apr 17th, 2019 by Saurenergy The Asian Development Bank (ADB) committed to providing nearly USD 4 billion in sovereign loans to India in 2018, the highest level of assistance since sovereign operations began in the country in 1986, said the annual report of the multilateral lending agency. In total, ADB, owned by 68 member countries, committed a total of USD […] Read more
India’s Solar Sector Expected to Outperform Globally Despite Challenges: Report Updated On Tue, Apr 16th, 2019 by Saurenergy A new report by Fitch Solutions has predicted that the Indian solar power capacity will grow at an annual average rate of 15.3 percent to reach 105.9 GW by 2028, up from 26 GW in 2018. The report highlights that India will continue to outperform rival markets over the next decade as recent problems such […] Read more
CERC Passes Order, GST to be Covered Under “Change in Law” Updated On Tue, Apr 16th, 2019 by Saurenergy The Central Electricity Regulatory Commission (CERC) has in its latest order observed that the enactment of Goods and Services Tax (GST) that came into effect from July 1, 2017, will be covered under ‘Change in Law’. The commission issued the order in response to a petition filed by Parampujya Solar Energy Pvt. Limited (PSEPL), a […] Read more
Transition to 100% RE by 2050 ‘Cost-Effective’: EWG Study Updated On Mon, Apr 15th, 2019 by Saurenergy A new study by the Energy Watch Group and LUT University is the first of its kind to outline a 1.5°C scenario with a cost-effective, cross-sectoral, technology-rich global 100% renewable energy system that does not build on negative CO2 emission technologies. In what should be good news for skeptics worried about the cost of transitioning […] Read more
