Discoms’ Liquidity Infusion via Loan Positive for Gencos, But Losses to Shoot Up by Rs 270 Bn in FY21: ICRA Updated On Thu, May 14th, 2020 by Saurenergy Government’s Rs 900 billion liquidity support under Atmanirbhar Bharat package for state power distribution utilities (Discoms) is a much welcome measure, said ICRA a leading credit rating agency. However, this liquidity infusion in Discoms will be in the form of loans against receivables, from major power sector lenders Power Financial Corporation (PFC) and Rural Electrification […] Read more
GoodWe Unveils SDT G2 Series Inverters for Residential & Small Commercial Projects Updated On Thu, May 14th, 2020 by Saurenergy Leading inverter supplier GoodWe has launched its SDT G2 series inverter solution 17-25kW, its top of the line option for residential and small commercial projects. The company claims that the SDT G2 series is highly efficient, easy to install and integrates the most advanced safety features. It comes with a life-long free monitoring solution Smart […] Read more
Former Union Secretary of MORTH Vijay Chhibber Appointed as EPTA’s Director General Updated On Thu, May 14th, 2020 by Saurenergy The Electric Power Transmission Association (EPTA) has appointed Vijay Chhibber, former Union Secretary of MORTH, as its new Director General with effect from April 08, 2020. In his new role, Chhibber will be primarily responsible for engaging with stakeholders to further the goal of reliable 24×7 power supply through development of least-cost transmission system […] Read more
Nearly 600,000 Clean Energy Jobs Lost in the US due to Pandemic: Report Updated On Thu, May 14th, 2020 by Saurenergy A new report has revealed that April saw at least 447,200 new clean energy jobs lost, bringing the total to 594,300 since the beginning of the pandemic. A report tracking the impact of the Coronavirus pandemic on US employment has revealed that April brought clean energy job losses triple those seen in March, for an […] Read more
Renewable Energy Industry Reacts to Rs 90k Cr Stimulus for Discoms Updated On Thu, May 14th, 2020 by Saurenergy The recently announced infusion of liquidity worth Rs 90,000 crore to Discoms against their receivables has been well received by the industry. After PM Narendra Modi had announced a new Rs 20 trillion stimulus package in his recent messages to the public, Finance Minister Nirmala Sitharaman came to the rescue of the power sector in […] Read more
Drones Market Revenue in Power Sector to Touch $515 Mn by 2030 Updated On Wed, May 13th, 2020 by Saurenergy With the surge in adoption of technologically advance activities in the power sector such as digital transformation, remote monitoring and operational cost optimization, the market for drones in the power and utility sector will continue to expand at a compound annual growth rate (CAGR) of 23.6 percent and will reach USD 515 million by 2030, […] Read more
Big Bang? 90K Crores Credit Line For Discoms in Stimulus Package Updated On Wed, May 13th, 2020 by Saurenergy After the Prime Minister announced his Rs 20 trillion stimulus package yesterday, in the morning today, we had written about how lack of any strong, concrete measures to solve the discom mess in India would be a very disappointing outcome for the power sector. The good news is, the sector has been saved disappointment in […] Read more
Brazilian Solar Industry Feels the Heat of Both Falling Economy, COVID-19 Updated On Tue, May 12th, 2020 by Saurenergy With the rising cost of imports, shrinking power demand and indefinite postponement of auctions amid coronavirus crisis, Brazilian solar photovoltaic (PV) industry is feeling the heat which may likely to impact the momentum of the annual installation. Brazilian PV sector’s annual installation capacity is expected to decline to 0.7 GW in 2020, from 1.3 GW […] Read more
PGCIL Issues Statcom Package-I & II Tenders for Evacuating 8.1 GW Solar Energy in R’sthan Updated On Mon, May 11th, 2020 by Saurenergy State-owned Maharatna company Power Grid Corporation of India Ltd (PGCIL) has floated a tender for Statcom Package-I & II for the evacuation of 8.1 GW of power from solar energy zones in Rajasthan. The PGCIL described in a tender document for package-I as “Statcom Package-I for Statcom at 400kV Fatehgarh-II PS associated with transmission system […] Read more
