BEL Sets Up 16 MW Solar Power Plant at HVF, Avadi Updated On Mon, Jun 11th, 2018 by Saurenergy The company is establishing energy security for the Ordnance Factory Estates under the Viability Gap Funding (VGF) scheme by setting up utility scale grid-connected solar power plants. Navratna Defence PSU Bharat Electronics Ltd (BEL) has set up a 16 MW grid-connected solar power plant at Heavy Vehicle Factory (HVF), Avadi. The company’s move was one […] Read more
Azure Power Commissions 40 MW Project in Uttar Pradesh Updated On Tue, Apr 17th, 2018 by Saurenergy Under the agreement Azure Power will supply power to SECI for the period of next 25 years at the levelized tariff of Rs 4.92 per KW which is inclusive of Viability Gap Funding (VGF). India’s one of the leading power producers, Azure Power has announced the commissioning of a 40MW solar plant in Uttar Pradesh […] Read more
Solar Panel Case: MNRE Removes DCR Clause From 5 GW Phase-II Batch-IV VGF Scheme Updated On Fri, Feb 23rd, 2018 by Saurenergy The amendment comes in response to the US allegation that India had not complied with the World Trade Organisation’s ruling in the solar panels dispute case. In a significant development, the Ministry of New and Renewable Energy (MNRE) has announced an amendment for the implementation of a scheme for setting-up of more than 5 GW […] Read more
Schemes launched by the Government to promote Solar Energy in the country Updated On Thu, Dec 28th, 2017 by Saurenergy Minister of State (IC) for Power and New & Renewable Energy, Shri Raj Kumar Singh, in a written reply to a question on schemes initiated by Government to promote Solar Power in the country, in Lok Sabha today informed that in order to promote solar energy, the Government have launched several schemes in the country. […] Read more
Year End Review 2017 –MNRE Updated On Wed, Dec 27th, 2017 by Saurenergy Government is on its way to achieving 175 GW target for installed Renewable Energy capacity by 2022 India attains 6th position in global Solar Power installed capacity By November 2017, a total of 62 GW Renewable Power installed, of which 27 GW installed since May 2014 and 11.79 GW since January 2017 Historic Low Tariffs […] Read more
TATA Power Commissions 25MW Solar Power Plant in Gujarat Updated On Wed, Nov 8th, 2017 by Saurenergy The total installed operating capacity for TPREL with this project now stands at 1484 MW. Tata Power’s wholly-owned subsidiary, Tata Power Renewable Energy Ltd. has successfully commissioned a 25MW solar power plant in Charanka, Gujarat Solar Park. The company secured the project in November 2016 through viability gap funding mode under the National Solar Mission […] Read more
Solar Energy Installed Capacity Touched 13652 MW : Piyush Goyal Updated On Thu, Aug 10th, 2017 by Saurenergy The minister also informed that the States of Andhra Pradesh, Gujarat, Karnataka, Madhya Pradesh, Rajasthan, Tamil Nadu and Telangana have crossed the solar energy installed capacity of 1 GW, as on 31.07.2017. Piyush Goyal, Minister of State for Power, Coal & New and Renewable Energy and Mines in a written reply to a question […] Read more
Cabinet Approves Raising of Bonds of Rs. 2360 crores for Renewable Energy Updated On Thu, May 25th, 2017 by Saurenergy MNRE will raise the bonds through the Indian Renewable Energy Development Agency, and the funds will be used for approved programmes/schemes for solar park, green energy corridor, generation-based incentives and more. The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has given its approval to Raising of Bonds of Rs. 2360 crores for […] Read more
Fotowatio Renewable Ventures Raises $29 Million from IFC to Fund 100 MW Solar Power Projects in Andhra Pradesh Updated On Sat, Apr 29th, 2017 by Saurenergy The Company is building two solar power projects of 50MW each in Andhra Pradesh. The cost of the project is estimated at $119 million which will be funded through a mix of 75 per cent debt and 25 per cent equity. Fotowatio Renewable Ventures (FRV) has raised $29 million (~Rs.1.86 billion) in non-convertible debentures (NCDs) […] Read more
