ACME Cleantech raises Rs500 crore from Piramal Enterprises Ltd: Report Updated On Fri, Nov 25th, 2016 by Saurenergy ACME Cleantech Solutions Pvt. Ltd has reportedly raised Rs500 crore from Piramal Enterprises Ltd. According to Live Mint the investment in ACME was done by Piramal Enterprises’s Structured Finance Group. Speaking to the publication Nikhil Dhingra, group director for finance, ACME said “The funds are being used for funding the working capital requirements of the […] Read more
ReNew Power acquires 49MW of rooftop solar tender from SECI Updated On Thu, Nov 24th, 2016 by Saurenergy ReNew Power Ventures has bagged the highest number of projects under a mega tender of 500 megawatts rooftop solar capacity floated by Solar Energy Corporation of India Limited (SECI). The tender was targeted towards institutional — schools, colleges, universities and residential buildings. It was aimed at promoting rooftop solar setups in these sectors. Around 130 […] Read more
MNRE has sanctioned Rs 67.01 Crore under Solar City Programme: Piyush Goyal Updated On Tue, Nov 22nd, 2016 by Saurenergy Minister of State for Power, Coal, New & Renewable Energy and Mines, Piyush Goyal on Monday in Rajya Sabha said that the renewable energy ministry has sanctioned a total amount of Rs. 67.01 crore for preparation of master plans, solar city cells, promotional activities and installation of renewable energy projects and an amount of Rs. […] Read more
India’s total installed solar capacity crosses 10 GW milestone: Bridge To India Updated On Fri, Nov 18th, 2016 by Saurenergy Indian solar capacity included rooftop and off-grid has crossed 10GW mark says Bridge To India in its latest report. According to the consultancy firm India will add new solar capacity of 5.1 GW this year, which is a growth of 137% over last year. It also expects average annual capacity addition of 8-10 GW per […] Read more
90,710 Solar Pumps has been Installed throughout the country: Piyush Goyal Updated On Fri, Nov 18th, 2016 by Saurenergy Piyush Goyal-Power, Coal, New and Renewable Energy and Mine, Minister in Lok Sabha on Thursday informed that 90,710 solar pumps have been installed throughout the country as on 31st October, 2016. Installations of more pumps are at various stages of implementation. Goyal stated that “a target of 50,000 pumps for irrigation and potable water consumption has […] Read more
Bollywood Actor Richa Chadha to help set up solar power project for school kids in Bulandshahar Updated On Sat, Nov 12th, 2016 by Saurenergy Bollywood Actor Richa Chadha has joined hand with her aunt who runs a charitable school in Bulandshahr, a small town in Uttar Pradesh to set up solar power project. Richa’s aunt has been running the school for the past five years; she left her Delhi life to provide free education to kids coming from low-income […] Read more
Thermax and FRENELL bags contract for Asia’s first integrated solar thermal power plant from NTPC Updated On Wed, Nov 9th, 2016 by Saurenergy Thermax and FRENELL (through its wholly owned subsidiary Novatec Solar Espana, S.L) has bagged contract for Asia’s first integrated solar thermal power plant project at Dadri in Uttar Pradesh from NTPC. The project involves the integration of a concentrated solar field into the Dadri coal fired power station and is expected to be completed by […] Read more
Azure power raises 470 million dollars financing for its solar projects Updated On Tue, Nov 8th, 2016 by Saurenergy Azure Power, a leading independent power producer in the solar power sector in India, announces it has tied-up approximately US$ 470 million financing for its projects to be commissioned in 2017. This is one of the largest financing done till date in the Indian solar sector. With this tie-up Azure Power’s cumulative financial commitment to […] Read more
Poor implementation of net-metering policies poses a major challenge for rooftop solar Updated On Mon, Nov 7th, 2016 by Saurenergy India’s rooftop solar market has been growing rapidly with the country adding more capacity in the past 12 months than all previous years put together. However, grid interconnection regulations and processes remain challenging in most parts of the country despite almost all states announcing net- and/or gross-metering policies for rooftop solar. According to survey of […] Read more
