World Reaches 1TW of Wind and Solar; 2TW by 2023, says BNEF Updated On Tue, Aug 14th, 2018 by Saurenergy According to the BNEF estimation, second terawatt of wind and solar will arrive by mid-2023 and cost 46 percent less than the first. The world has attained the landmark figure of 1,000 GW of wind and solar generation capacity installed, as per the Bloomberg New Energy Finance (BNEF) report. According to the BNEF estimation, second […] Read more
REC Signs € 200 mn Loan Agreement with Germany’s KfW Bank Updated On Tue, Aug 14th, 2018 by Saurenergy This is REC’s fourth line of credit under Indo-German Development Cooperation which will be utilized to fund green energy projects in India. State-run entity responsible for financing rural infrastructural projects, Rural Electrification Corporation (REC) has signed a loan agreement with German bank KfW worth euro 200 million for funding renewable energy projects. This is REC’s fourth line […] Read more
Mahindra Group Organizes Meet on India’s Ambition on Climate Change Updated On Tue, Aug 14th, 2018 by Saurenergy The event had a panel discussion with Dr Ajay Mathur, Director General, The Energy Research Institute (TERI), Dr Arunabha Ghosh, Chief Executive Officer, Council on Energy, Environment & Water (CEEW) and moderated by Anirban Ghosh, Chief Sustainability Officer, Mahindra Group. Stepping up ambition on the climate related actions being taken by India, Mahindra group organized […] Read more
MNRE Tweaks ‘storage’ in Wind-Solar Hybrid Policy Updated On Tue, Aug 14th, 2018 by Saurenergy The ministry has emphasized on the use of pumped hydro, compressed air and flywheel technology for the power storage purposes. Widening the scope of power storage in its Wind-Solar Hybrid Policy, MNRE has removed the word ‘battery’ from certain clauses in order to encourage use of other means of power storage devices. Further, the ministry […] Read more
Magenta Power Announces India’s First EV Charging Corridor ‘ChargeIn’ Updated On Tue, Aug 14th, 2018 by Saurenergy This network of EV charging stations of Magenta Power will initially be deployed at Hotel Center Point, Mumbai-Pune Expressway, Lonavala. Renewable energy solutions provider Magenta Power has announced India’s first EV charging Corridor- ChargeIn at Mumbai-Pune Expressway. This network of EV charging stations of Magenta Power will initially be deployed at Hotel Center Point, Mumbai-Pune Expressway, […] Read more
India Far from 100GW Solar Power Target: CRISIL Updated On Mon, Aug 13th, 2018 by Saurenergy The agency also stated in the report that with best possibilities the country would be able to attain 78 to 80 GW of solar power by the end of 2022 up from the current installed capacity of 21.65 GW. Impacting the solar sentiments of India, ratings and research agency, Credit Rating Information Services of India (CRISIL) has asserted that India […] Read more
Domestic Solar Power Industry Updated On Fri, Aug 10th, 2018 by Saurenergy Solar tariffs in India saw the lowest ever level of Rs.2.44 per unit in reverse auctions carried out by Solar Energy Corporation of India (SECI) in May 2017 for 200 MW and again twice in July, 2018, for 600 MW in each instance. As per the final findings dated 16th July, 2018, in the investigations […] Read more
MNRE to Explore Possibility of China Joining Int’l Solar Alliance Updated On Fri, Aug 10th, 2018 by Saurenergy International Solar Alliance is a treaty-based organization meant to promote development of solar energy in countries between the Tropic of Cancer and Tropic of Capricorn. The government has asked Ministry of New and Renewable Energy (MNRE) to check with its Chinese counterpart for possibility of its China joining the International Solar Alliance. The move is aimed at […] Read more
NTPC asserts Additional Tariff for Bid Resubmission for 2GW Project Updated On Thu, Aug 9th, 2018 by Saurenergy Pre-qualified developers for NTPC tender show their concern about whether they would be allowed to pass on the incremental tariff because of the safeguard duty to distribution companies. Feeding the impacts of the safeguard duty on imports, state-run National Thermal Power Corporation (NTPC) has asked the pre-qualified bidders of 2GW solar power project to resubmit […] Read more
