IndiGrid Approves Acquisition of Three Power Transmission Assets Updated On Mon, Oct 9th, 2017 by Saurenergy The three acquisitions consists of 5 transmission lines aggregating 1,425 Ckms thus increasing its total portfolio to 13 transmission lines and 2 substations across 8 states. IndiGrid, India’s first Infrastructure Investment Trust in the power sector, has approved the acquisition of three power transmission assets from its sponsor Sterlite Power Grid Ventures Ltd at a […] Read more
ADB $500 million funding soon for private sector infrastructure in Asia and Pacific Updated On Wed, Oct 4th, 2017 by Saurenergy ADB expects these initial projects will generate about USD 1.4 billion in total financing, including USD 264.5 million from ADB’s own capital and an additional USD 890 million from co-financing partners. Asian Development Bank (ADB) said it is actively processing USD 500 million (about Rs 3,275 crore) as debt and equity funding for private infrastructure […] Read more
Andhra Pradesh Aims at Increasing its Green Cover to 50 percent by 2029 Updated On Mon, Sep 18th, 2017 by Saurenergy Andhra Pradesh CM Naidu has said that there is an urgent need to increase the green cover in cities and towns for sustainable development. Expressing concern over rise in pollution levels world over, Andhra Pradesh Chief Minister N Chandrababu Naidu said that his government has set a target to increase the green cover to 50 […] Read more
Energy Storage Market to Touch 70 GW by 2022 Updated On Tue, Sep 12th, 2017 by Saurenergy The total energy storage market between 2015 and 2022 in India is expected to go up from 4.4 GW to 70 GW. Out of 70 GW, over 35 GW of demand is expected from newer applications. The market for energy storage in the South Asia region is dominated by India. Energy storage helps in the […] Read more
Tata Power Renewable Energy Ltd. boosts generation capacity by four-fold Updated On Tue, Aug 29th, 2017 by Saurenergy Tata Power Renewable Energy Ltd. generated 1440 MUs that from renewable energy sources (wind & solar) in FY17 as compared to 329 MUs in FY16. Tata Power has announced that the Company’s 100% subsidiary, Tata Power Renewable Energy Ltd. (TPREL) increased its generation capacity by 337 per cent in FY17 as compared to FY16. Tata […] Read more
Solar Energy Installed Capacity Touched 13652 MW : Piyush Goyal Updated On Thu, Aug 10th, 2017 by Saurenergy The minister also informed that the States of Andhra Pradesh, Gujarat, Karnataka, Madhya Pradesh, Rajasthan, Tamil Nadu and Telangana have crossed the solar energy installed capacity of 1 GW, as on 31.07.2017. Piyush Goyal, Minister of State for Power, Coal & New and Renewable Energy and Mines in a written reply to a question […] Read more
MPs ask Government to put Adequate Focus on Renewable Sources of Energy Updated On Tue, Aug 8th, 2017 by Saurenergy During a discussion on the India Institute of Petroleum and Energy Bill, 2017 in the Lok Sabha, a number of members from the Opposition parties said a majority of leading economies globally are moving towards bio-fuels and renewable sources of energy and India must take similar initiative. Opposition lawmakers has asked the government to put […] Read more
IDFC Alternatives to Acquire First Solar’s India portfolio for Rs 1950 Crore Updated On Mon, Jul 31st, 2017 by Saurenergy IDFC infrastructure will acquire entire 200 megawatts of First Solar’s operational portfolio of solar power projects in India for around $300 million. The infrastructure fund of multi-asset manager IDFC Alternatives is set to make its biggest acquisition till date by taking over the entire 200 megawatts of First Solar’s operational portfolio of solar power projects […] Read more
Andhra Pradesh and Rajasthan Leaves Tamil Nadu Behind in Installed Solar Capacity Updated On Sat, Jul 29th, 2017 by Saurenergy Statistics show only 630 MW of solar power was installed in Tamil Nadu in 2016-17 against 919.24 MW in 2015-16. Unlike Andhra Pradesh, which acquires land for solar parks, Tamil Nadu leaves developers the land acquisition responsibility, which takes time. Ministry of new and renewable energy data, released in the Lok Sabha, shows that at […] Read more
