US’ DFC Okays $350 Mn for Development in India Including over $200 Mn for Solar Updated On Fri, Jun 5th, 2020 by Saurenergy The US-Based Development Finance Corporation (DFC) has sanctioned about $350 million of investment for development in India under various projects including more than $200 million for the solar energy projects. DFC is an independent agency of the US Government that provides financing for private development projects. This investment is part of the $1 billion of […] Read more
EESL, USAID Unveils ‘Healthy and Energy Efficient Buildings’ Initiative for Workplaces Updated On Fri, Jun 5th, 2020 by Saurenergy With an aim to make workplaces healthier and greener, Energy Efficiency Services Ltd (EESL) jointly with the US Agency for International Development’s (USAID) MAITREE program, has launched the “Healthy and Energy Efficient Buildings” initiative. This initiative was launched on the occasion of World Environment Day. As part of this pilot initiative, EESL has taken the […] Read more
Delayed Solar Development in Japan amid Covid-19 Likely to Facilitate Coal Usage Updated On Fri, Jun 5th, 2020 by Saurenergy Amidst coronavirus crisis, electricity demand in Japan like other countries has dropped significantly and thus resulted in a decline in power prices. This drop in demand and rise in solar power generation eventually driving down the wholesale electricity prices, as revealed by the data & analytics company. According to GlobalData, the ongoing economic contraction, delays […] Read more
Vestas Bags Turbine Orders Worth 367 MW in Russia and China Updated On Fri, Jun 5th, 2020 by Saurenergy Vestas has announced that it has received multiple orders from Russia and China for wind turbines worth 367 MW for various projects. Vestas, the leading global supplier of wind turbines, has announced that it has received multiple orders from Russia and China for wind turbines worth 367 MW for various projects. The first order the […] Read more
ReneSola Sells 10.4 MW Solar Portfolio to Nautilus in Minnesota Updated On Thu, Jun 4th, 2020 by Saurenergy In a series of the fourth transaction between the two companies, ReneSola Ltd, a leading solar project developer, has sold its 10.4 MW community solar portfolio to Nautilus Solar Energy, owner and operator of distributed and utility-scale solar energy projects. The solar projects’ portfolio is comprised of 8 single-axis tracker solar installations, each commonly referred […] Read more
MNRE Warns Against Fraudulent Websites for PM-KUSUM Scheme Updated On Thu, Jun 4th, 2020 by Saurenergy The Ministry of New & Renewable Energy (MNRE) has issued a precautionary warning for people against fraudulent websites claiming to be registration portals for Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan (PM-KUSUM) Scheme. The Ministry said that “it has recently noticed that few new websites have cropped up as registration portal for Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan […] Read more
Orb Energy Hires Rabindra Satpathy as Exec VP – Business Development Updated On Thu, Jun 4th, 2020 by Saurenergy Shell-backed solar power firm Orb Energy has appointed Rabindra Satpathy as its Executive Vice President – Business Development. Now, Satpathy will oversee the Bengaluru-based company’s business development in ground-mounted solar power plants, including storage, floating solar and other new projects. He brings with him more than 35 years of solar experience in design, engineering, product […] Read more
BCD Status. Only Quantum The Issue Updated On Thu, Jun 4th, 2020 by Saurenergy In what is now becoming the most common way to pick up views of the ministry, yet another Webinar, Amitesh Kumar Sinha, Joint Secretary in the Ministry of New and Renewable Energy has clarified yesterday that a decision will be taken on Basic Customs Duty, and soon. The issue is, in some way, a foregone […] Read more
Vivint Solar Closes USD 545 Million of new Financings Updated On Wed, Jun 3rd, 2020 by Saurenergy Vivint Solar has announced the closing of two separate debt transactions, totaling USD 545 million in incremental lender commitments. Vivint Solar, a leading full-service residential solar provider in the United States, has announced the closing of two separate debt transactions, totaling USD 545 million in incremental lender commitments. The first is a USD 245 million upsize to the company’s already existing multi-lender […] Read more
