Emails reveal Tata trustees had a role in Welspun deal structuring Updated On Tue, Dec 20th, 2016 by Saurenergy Email records, which were part of the supporting documents, submitted by Tata Sons Ltd’s former chairman Cyrus P. Mistry to shareholders ahead of extraordinary general meetings (EGMs) of Tata companies reveals that Tata Trusts trustees had a role in Welspun deal structuring. According to Livemint in July this year the office of Noshir Soonawala, a […] Read more
Canadian Solar Secures USD 62.8 million Refinancing For 50 Megawatts Solar Power Projects Updated On Mon, Dec 19th, 2016 by Saurenergy Canadian Solar has secured GBP 49.3 million (US$62.8 million) non-recourse term loan facilities to refinance a portfolio of 10 solar power plants, with total capacity of 50 megawatts in the United Kingdom. National Westminster Bank (NatWest), a subsidiary of RBS Group, is providing the 18.7-year term facility. Part of the proceeds will be used to […] Read more
US-India Clean Energy Finance (USICEF) Initiative launched to expand access to distributed clean energy projects Updated On Sat, Dec 17th, 2016 by Saurenergy Minister of State for Power, Coal & New and Renewable Energy and Mines, Piyush Goyal and US envoy Richard Verma on Friday launched US-India Clean Energy Finance (USICEF) Initiative. The U.S.-India Clean Energy Finance facility (“USICEF”) would support project preparation activities for distributed solar projects in order to unlock OPIC financing and mobilize public and private capital to expand access […] Read more
MNRE Suspends New Applications for Channel Partner, Channel Partner and Govt. Agencies temporarily Updated On Fri, Dec 16th, 2016 by Saurenergy Ministry of New and Renewable Energy (MNRE) has announced that it has decided to suspend the process of empanelment of New Channel Partner, Channel Partner (New Entrepreneur) and Govt. Agencies temporarily. The new empanelment process will open in the calendar year 2017. As of now there is no info on the reason behind the suspension […] Read more
Germany is providing soft loan to the tune of Euro 1 billion for India’s ‘Green Energy Corridors’: Piyush Goyal Updated On Fri, Dec 16th, 2016 by Saurenergy Union Minister for State for Power, Coal, New & Renewable Energy and Mines, Piyush Goyal on Thursday in Lok Sabha said that in order to facilitate integration of large scale renewable generation capacity addition, a comprehensive scheme including Intra-State and Inter-State transmission system has been identified as a part of ‘Green Energy Corridors’. Intra-State Transmission […] Read more
World Bank Study has pegged India’s Energy Efficiency Market at Rs. 1.6 Lakh Crores: Piyush Goyal Updated On Fri, Dec 16th, 2016 by Saurenergy Union Minister for State (IC) for Power, Coal, New & Renewable Energy and Mines, Piyush Goyal in Lok Sabha on Thursday in a written reply in Lok Sabha today, said that a World Bank study has pegged India’s Energy Efficiency Market at Rs. 1.6 Lakh Crores. World Bank’s study titled, ‘Utility Scale DSM Opportunities and […] Read more
Government has selected 60 cities to implement the ‘Solar Cities’ programme: Piyush Goyal Updated On Thu, Dec 15th, 2016 by Saurenergy Minister of State for Power, Coal, New & Renewable Energy and Mines, Piyush Goyal in Lok Sabha on Thursday said that the Centre has selected 60 cities nationwide to implement the ‘Solar Cities’ programme. The minister said “the cities having a population of 50-thousand to 50-lakh are selected under the scheme.” The cities have been […] Read more
India Signs Grant Agreement with IBRD of USD 5.19 million for Improving Energy Efficiency in MSME’s projects Updated On Thu, Dec 15th, 2016 by Saurenergy An agreement for GEF Grant of USD 5.19 Million for “Additional Financing for Financing Energy Efficiency at MSMEs Project- Programmatic Framework for Energy Efficiency” was signed by Raj Kumar, Joint Secretary (MI), Department of Economic Affairs on behalf of the Government of India and Junaid Ali Ahmad, Country Director, World Bank (India) on behalf of […] Read more
NEXTracker to sell Ideal Power’s SunDial as part of their newly launched NX Fusion Plus Updated On Thu, Dec 15th, 2016 by Saurenergy Ideal Power has announced that NEXTracker will be selling its SunDial solar PV plus storage string inverter as part of their newly launched solar plus storage tracker. NEXTracker’s “NX Fusion Plus” will integrate the SunDial together with NEXTracker’s solar tracker, a battery pack, and software to deliver maximum return on investment to solar power plants. […] Read more
