Fotowatio Renewable Ventures Raises $29 Million from IFC to Fund 100 MW Solar Power Projects in Andhra Pradesh Updated On Sat, Apr 29th, 2017 by Saurenergy The Company is building two solar power projects of 50MW each in Andhra Pradesh. The cost of the project is estimated at $119 million which will be funded through a mix of 75 per cent debt and 25 per cent equity. Fotowatio Renewable Ventures (FRV) has raised $29 million (~Rs.1.86 billion) in non-convertible debentures (NCDs) […] Read more
Kerala Solar Energy Policy Updated On Thu, Apr 27th, 2017 by Saurenergy OBJECTIVE Objective of the state solar policy include:- Increase the installed capacity of the solar sector in the State to 500MW by 2017 and 2500 MW by 2030. Contribute to long term energy security of the State of Kerala as well as ecological security by reduction in carbon emission. Adopt a multi-pronged approach in targeting […] Read more
West Bengal Solar Energy Policy Updated On Thu, Apr 27th, 2017 by Saurenergy TARGET As per MNRE there is a target to harness 5336 MW of solar power through grid connected projects and through rooftop in the state. LAND ALLOTMENT Government land, if available, permission for use will be given for 30 years or the project life whichever is less. Land to be allocated and transferred to WBGEDCL, […] Read more
Jharkhand Yet to Sign PPAs for 1.1 GW of Solar Updated On Thu, Apr 27th, 2017 by Saurenergy The differences on the quoted tariff have halted the signing of the PPA for 1.1 GW solar power project between the state distribution company (DISCOM) and developers in Jharkhand. In Jharkhand, power purchase agreements (PPAs) for 1.1 GW of solar projects that were auctioned in March of 2016 (LoIs signed May 2016) are yet to […] Read more
Haryana Solar Energy Policy Updated On Thu, Apr 27th, 2017 by Saurenergy Haryana Solar Energy Policy Updates 2017 A discussion paper was released by the Haryana Electricity Regulatory Commission (HERC) in July 2017, stating Terms and Conditions for Determination of Tariff from Renewable Energy Sources, Renewable Purchase Obligation (RPO) and Renewable Energy Certificate (REC)) Regulations, 2017. The draft mentioned the useful life for solar power projects determined […] Read more
Tamil Nadu Solar Energy Policy Updated On Wed, Apr 26th, 2017 by Saurenergy Tamil Nadu Solar Energy Policy Updates 2017 Tamil Nadu became the 21st state to join the UDAY program in January 2017. Distribution company debt of Rs. 304.2 billion (~$4.48 billion) will be taken over by the state government. The Tamil Nadu Electricity Regulatory Commission (TNERC) has fixed Rs. 4.50 (~$0.066)/kWh as the new benchmark tariff […] Read more
Bihar Solar Energy Policy Updated On Wed, Apr 26th, 2017 by Saurenergy ELIGIBILITY CRITERIA Any Industry, Institution, Private Agency, Partnership Firm, Consortia, Panchayat, Cooperative or Registered Society. INCENTIVES All New and Renewable Energy projects will be entitles for benefits, available as notified from time to time, under the policies of the Central/State government. All New and Renewable Energy projects shall be entitled to avail the facilities available […] Read more
Canadian Solar Supplies 10 MW of PV Modules to Soroti Photovoltaic Solar Plant in Uganda Updated On Wed, Apr 26th, 2017 by Saurenergy The Soroti Photovoltaic solar plant consists of 32,000 pieces of Canadian Solar high-efficiency poly panels. Canadian Solar has announced that the company has supplied 10 MW of PV Modules to Soroti Photovoltaic Plant in Uganda. The solar project is the largest of its kind in East Africa and was officially inaugurated at the end of […] Read more
Karnataka Solar Energy Policy Updated On Wed, Apr 26th, 2017 by Saurenergy Karnataka Solar Energy Policy Updates 2017 The solar installation target has been changed from 2,000 MW to 6,000 MW by March 2021 as per the amendments to Karnataka Solar Policy 2014-2021 were announced. The changes were made to reflect the new tariff policy and targets fixed for the state by the MNRE. The current installed […] Read more
