Prysmian Completes Acquisition of General Cable Updated On Thu, Jun 7th, 2018 by Saurenergy Prysmian Group (BIT: PRY) and General Cable Corporation (NYSE: BGC) announced that Prysmian has completed its acquisition of General Cable. Pursuant to the terms of the merger agreement entered into among the parties on December 3, 2017, Prysmian has acquired all the outstanding shares of General Cable common stock for $30.00 per share in cash. […] Read more
Azure Power Wins 75 MW Solar Power Project in NE Updated On Thu, Jun 7th, 2018 by Saurenergy The company will sign a 25 year Power Purchase Agreement (PPA) with Assam Power Distribution Company Ltd (APDCL) at a weighted average tariff of Rs 3.37 (~US cents 5.2) per kWh. India’s one of the leading solar power producers Azure Power has won the largest solar power project of 75MW in Assam in the North […] Read more
Azure Power Wins Largest Solar Power Project (75 MWs) in Northeast India Updated On Thu, Jun 7th, 2018 by Saurenergy Azure Power wins 75 MWs, highest allocation out of a 100 MW tender, in Assam Azure Power (NYSE: AZRE), one of India’s leading independent solar power producers, announced that it has won the largest (75 MWs) solar power project in the North Eastern region of India. Azure Power will sign a 25 year Power Purchase Agreement […] Read more
India, Peru Sign MoU on Co-op in New & Renewable Energy Updated On Thu, Jun 7th, 2018 by Saurenergy The MoU aimed to establish the basis for a cooperative institutional relationship to encourage and promote bilateral technical cooperation in new and renewable energy on the basis of mutual benefit, equality and reciprocity between the two countries, it said. India and Peru has signed a Memorandum of Understanding (MoU) for co-operation in the field of […] Read more
DGTR to Hold Public Hearing on Safeguard Duty Investigation on June 26 Updated On Thu, Jun 7th, 2018 by Saurenergy The directorate is mandated to investigate the existence of serious injury or threat of serious injury to the domestic industry as a consequence of increased import of an article into India. India is targeting up to 100 gigawatts (GW) solar capacity by 2022. Under the Commerce Ministry, the Directorate General of Trade Remedies (DGTR) will hold […] Read more
India-made Li-Ion Batteries to Cut Dependence on China, says Anant Geete Updated On Thu, Jun 7th, 2018 by Saurenergy “At present, the world needs to import lithium-ion batteries from China and Rs 50-60 lakh is only the cost of the battery (for buses). If the battery cost is reduced the total cost of electric vehicles will become affordable and commuters will also have to pay less” To cut its dependence on China and strengthen […] Read more
Lower Incentives for Chinese Solar Developers to Benefit India, says ICRA Updated On Thu, Jun 7th, 2018 by Saurenergy Revision in feed-in tariff rates and imposition of installation caps for solar power projects by the Chinese government is expected to negatively affect the demand for solar modules in China. Credit rating agency ICRA said that the reduction in subsidies for solar energy projects in China will benefit Indian solar independent power producers (IPPs) with softer module prices. The agency said in a statement […] Read more
India Intends to Partner with UN to Promote Solar Energy Updated On Thu, Jun 7th, 2018 by Saurenergy While expressing his optimism and hope Syed said that by the next year’s World Environment Day commemoration, solar energy will be part of the energy mix used in the UN headquarters. As part of the efforts to protect and preserve the environment, India’s Permanent Representative to the UN Syed Akbaruddin said, that the country aims […] Read more
Beer Giant AB InBev’s Mysore Unit Goes Green; Inks Pact with Canadian Firm Updated On Thu, Jun 7th, 2018 by Saurenergy The brewery in Mysore manufactures beer brands especially Budweiser, Knock out and Beck’s Ice, is the company’s third unit in the world that has shifted to the renewable source to meet its energy demands. The other two are in the US. The Mysore unit of World’s biggest beer giant Anheuser-Busch (AB InBev) in Karnataka has shifted from […] Read more
