SECI Extends Tender For Floating Solar Plus BESS at Lakshadweep Updated On Tue, May 28th, 2019 by Saurenergy SECI has extended the tender deadline from June 3, 2019, to August 5, 2019. The Solar Energy Corporation of India (SECI) extends the tender deadline setting up of 20 MW floating solar PV power plants with associated 60 MWh Battery Energy Storage System (BESS) at Lakshadweep again. The last date for bid submission has been […] Read more
Fortum and Nordkraft JV to Target Norwegian Wind Power Development Updated On Mon, May 27th, 2019 by Saurenergy Fortum and Norwegian energy company Nordkraft have formed a joint venture, Fortum Nordkraft Vind DA, to develop new wind power projects in Norway. The two companies have been successfully co-operating in Norwegian wind power since 2017 when Fortum entered the Norwegian wind market. “Fortum’s goal is to grow substantially in the Nordic wind and Norway […] Read more
Adani Solar Aiming For 50% Market Share by 2021 Updated On Mon, May 27th, 2019 by Saurenergy Adani Solar, the solar manufacturing arm of the Adani Group has set sights for acquiring 50 percent market share in the next two years, a top company official has confirmed. “As 80 percent of solar panels available in the country are made in China, the company is manufacturing module and panels, which were cheaper and durable, […] Read more
Pharma Major Cipla Acquires 26 Percent Stake in AMPSolar Owned Local SPV Updated On Mon, May 27th, 2019 by Saurenergy The acquisition is expected to be completed by June 12, 2019. Cipla has invested Rs 12.9 crore for the 26 percent stake in the SPV. Indian multinational pharmaceutical and biotechnology company, Cipla, has announced the acquisition of a 26 percent minority stake in AMPSolar Power Systems Pvt. Ltd. (AMPSolar), a wholly owned subsidiary of AMPSolar […] Read more
Rural Electrification Corporation Posts Q4 Profit Rise of 50% Updated On Sat, May 25th, 2019 by Saurenergy The REC’s total income increased to Rs 6,685.90 crore in the March quarter, compared with Rs 5,948.09 crore a year ago. State-owned Rural Electrification Corporation (REC) posted around 50 percent jump in standalone net profit to Rs 1,256.13 crore in the March 2019 quarter, mainly on the back of higher income. The company’s standalone net […] Read more
MNRE Mulling Over Public Portal To Disclose Payment Delays by Discoms Updated On Fri, May 24th, 2019 by Saurenergy MNRE may open an online portal to publicly disclose the status of Discoms’ payments. The Ministry of New and Renewable Energy (MNRE) is considering setting up a web portal to publicly disclose payment delays to renewable energy players from power distribution companies (Discoms). The move is expected to usher in more transparency in pending payments. […] Read more
Enel, Enertag and Leclanche Commission 22 MW Storage System in Germany Updated On Fri, May 24th, 2019 by Saurenergy The system, which involved a total investment of approximately 17 million euros, is supporting the stability of the German electricity network by providing frequency regulation services to the country’s Primary Control Reserve (PCR) market. Enel Green Power Germany (EGP Germany), Germany-based renewable energy company Enertag and Swiss energy storage solutions company Leclanché recently inaugurated the […] Read more
EVs, Batteries Can Drive Solar Rooftop Growth, Says Report Updated On Fri, May 24th, 2019 by Saurenergy In order to boost the growth of renewable energy including solar rooftop, the dropping costs of electric vehicles (EVs) and batteries with equal grid market access can be helpful, says the report released by the Institute for Energy Economics and Financial Analysis (IEEFA). This ‘Electric Vehicles and Batteries Can Drive Growth of Residential Solar’ report […] Read more
ADB Agrees To Help Finance 100-MW Solar Project in Cambodia Updated On Fri, May 24th, 2019 by Saurenergy The Asian Development Bank (ADB) said today it will extend a loan of USD 7.64 million to support the construction of a 100-MW photovoltaic (PV) park in Cambodia. The National Solar Park Project was developed with grants from the governments of Canada and Singapore and envisages the installation of a power plant in Kampong Chhnang […] Read more
