Shapoorji Pallonji Inks Pact with KKR to Sell 5 Solar Assets for about $204 Mn Updated On Mon, Apr 27th, 2020 by Saurenergy Shapoorji Pallonji Group’s infrastructure development arm, Shapoorji Pallonji Infrastructure Capital (SP Infra) has entered into the definitive sale agreements with KKR, a global investment firm, for its 5 operational solar energy plants with a capacity of 317 MWp in consideration of about Rs 15,540 million (~ USD 204 million). The development came after months of […] Read more
ADB Approves $100 mn Loan for Development of Advanced BESS in Mongolia Updated On Mon, Apr 27th, 2020 by Saurenergy ADB has approved a USD 100 million loan to help supply RE to Mongolia by installing its first large-scale advanced battery energy storage system (BESS) The Asian Development Bank (ADB) has approved a USD 100 million loan to help supply renewable energy to Mongolia by installing its first large-scale advanced battery energy storage system (BESS). […] Read more
Siemens Gamesa Secures O&M Contract for a 135 MW Senvion Wind Farm in Australia Updated On Mon, Apr 27th, 2020 by Saurenergy Siemens Gamesa has secured a 20-year contract to provide full-scope O&M services for a 135-MW Senvion wind farm in Victoria, Australia. Siemens Gamesa Renewable Energy has announced that it has secured a long-term, 20-year contract to provide full-scope operation and maintenance (O&M) services for a 135-MW Senvion wind farm in Victoria, Australia. Under the agreement, […] Read more
NTPC Issues Global EOI For Hydrogen Fuel Bus and Car project Updated On Mon, Apr 27th, 2020 by Saurenergy NTPC Ltd, India’s largest power producer and a central PSU under the Ministry of Power has invited Global Expression of Interest (EoI) to provide 10 Hydrogen Fuel Cell (FC) based electric buses and an equal number of Hydrogen Fuel Cell based electric cars in Leh and Delhi. The EoI has been issued by NTPC’s wholly-owned […] Read more
MNRE Has A New Secretary, Indu Shekhar Chaturvedi Updated On Sun, Apr 26th, 2020 by Saurenergy Indu Shekhar Chaturvedi, a 1987 batch IAS (Indian administrative service) officer of the Jharkhand cadre, has been appointed as the new secretary of the Ministry of New and Renewable Energy (MNRE). Mr Chaturvedi will take over from Anand Kumar, himself an IAS from the 1984 Kerala cadre. Mr Chaturvedi was earlier the Additional Chief Secretary […] Read more
MNRE Extends Off-Grid & Decentralised Solar PV Applications Programme Phase-III Updated On Sat, Apr 25th, 2020 by Saurenergy In a next spell of extensions, the Ministry of New and Renewable Energy (MNRE) has extended the third phase of off-grid and decentralized solar photovoltaic (PV) applications programme till FY20-21. The Ministry further instructed that “the implementation agencies will continue to implement the scheme as per the approved guidelines dated 07-08-2018 and amendments thereof.” However, […] Read more
Leeward Closes $162.9 Mn Financing for Wind Farm in Colorado Updated On Fri, Apr 24th, 2020 by Saurenergy US-based independent renewable energy power producer Leeward Renewable Energy (Leeward) has completed USD 162.9 million financings for its 170 MW Mountain Breeze wind farm in Colorado. Leeward is owned by OMERS Infrastructure, the infrastructure arm of one of Canada’s largest defined benefit pension plans. Further, the company will develop, own and operate this wind energy […] Read more
‘Policy Framework Needed to Ensure Longevity of Domestic Products Offtake, Profitability’ Updated On Fri, Apr 24th, 2020 by Saurenergy The government has taken steps by coming up with few manufacturing-linked tenders for setting up solar capacities and has also introduced a basic customs duty on imports, but we need a policy framework that will ensure the longevity of offtake of the products manufactured as well as profitability, says a senior official of Tata Power […] Read more
Govt Closes Atal Jyoti Yojana (AJAY) Phase-II amid Covid-19 Outbreak Updated On Fri, Apr 24th, 2020 by Saurenergy In the wake of coronavirus outbreak across the country, the government has decided to close the second phase of its Atal Jyoti Yojana (AJAY) effective from April 01, 2020. The move came after the government decided not to operate MPLADS for two years i.e. for 2020-2021 and 2021-22 and in this regard, a circular was […] Read more
