Azure Power Raises $135 Mn via Debt Financing from IFC Consortium Updated On Fri, Jun 1st, 2018 by Saurenergy The company will use these proceedings to finance approximately 200 MWs of it’s solar rooftop projects across the country. Indian solar power producer Azure Power has raised USD 135 million through debt financing from a consortium led by International Finance Corporation (IFC). The IFC led consortium also includes other lenders like FMO – the Dutch […] Read more
Five Solar Photovoltaic Plants Coming Up in Karnataka Updated On Fri, Jun 1st, 2018 by Saurenergy The five new solar parks in India, located in the towns of Afzalpur, Chincholi, Holenarsipura, Nanjangund and Yelandur, will enter operation in September 2019. The plants are expected to generate around 215 GW a year which will help in reduction of 175,000 tons of Co2 emission. The project has a 25-year power-purchase agreement. In the […] Read more
New Material for Solar Cells Discovered With AI Software Assistance Updated On Fri, Jun 1st, 2018 by Saurenergy The ability to convert light into electricity depends on both the organic and polymer layer. Although there were efforts by scientists to use different material for it however all the efforts lead to only waste of time and energy. Solar cells will play a crucial role in shifting to a renewable economy. Based on light-absorbing […] Read more
Vikram Solar Commissions 10 MW Solar Project in Madhya Pradesh Updated On Fri, Jun 1st, 2018 by Saurenergy The Ordnance Factory in Itarsi will use the power that is generated from this captive power plant. According to the company statement, it will be responsible for installation of that plant, and apart from that the company will also provide operations and maintenance (O&M) service to the plant for a period of 10 years from […] Read more
Radite Energy Wins 1.8 MW Rooftop Solar Project from Godrej & Boyce Updated On Thu, May 31st, 2018 by Saurenergy This is the single biggest order the company has ever bagged in the rooftop division. In a significant development, Gurgaon based Radite Energy has secured 1.875 MW rooftop solar project from Godrej & Boyce for Delhi NCR and Gujarat regions in the country. This is the single biggest order the company has ever bagged in […] Read more
Suzlon Energy Posts Q4 Net Loss at Rs 470 Cr; 340 MW Solar Projects Commissioned Updated On Thu, May 31st, 2018 by Saurenergy There is traction across all new and emerging segments in the sector as evidenced in several positive policy actions for offshore, wind‐solar hybrid, repowering, captive, and feed‐in‐tariff for small projects upto 25 MW, says Tulsi Tanti. Solar & other renewable energy solutions provider Suzlon Energy reported its consolidated net loss at Rs 469.85 crore in […] Read more
India Won’t Impose Safeguard Duty on Imported Solar Equipment Updated On Thu, May 31st, 2018 by Saurenergy The decision had different effects on solar players in the country. On the one hand it had delighted manufacturers while as on the other hand it alarmed developers about the steep rise in input costs. Overruling the directorate general of safeguards’ recommendation of 70% levy on imported solar equipment, the government has reversed the decision […] Read more
Solar Street Lighting Market to Grow at Brisk Pace for Few Years: Research Updated On Wed, May 30th, 2018 by Saurenergy The governments of many countries such as India, China, and the US have made stringent regulations and schemes such as feed in tariffs and quota based renewable portfolio standards (RPS), or promotion of renewable sources of energy such as solar, wind power and others. A recent market research from P&S Market Research has showed that […] Read more
Enphase, Waaree Announce 4.5 MW Solar Installation in India Updated On Wed, May 30th, 2018 by Saurenergy This PV project will be the largest Enphase microinverter-based solar installation globally. California-headquartered Enphase Energy and India-based solar panel maker Waaree Energies has announced 4.5 MW PV project installation using Waaree Enphase AC modules in Hosapet, India. This PV project will be the largest Enphase microinverter-based solar installation globally. Further, the system’s owner, an independent […] Read more
