5.5 GW PV Additions in India in FY21; 15% Decline due to COVID-19: ICRA Updated On Tue, Jul 7th, 2020 by Saurenergy According to ICRA, the solar PV capacity additions in FY 2020-21 are expected to remain subdued given the continued execution challenges due to COVID-19. The domestic solar PV capacity additions in FY 2019-20 has remained lower by about 15 percent than the previous estimate of 7-7.5 GW, mainly on account of the disruption in supply […] Read more
Foreign Firms Attracted to Competitive Bidding in Indian Solar Tenders: CRISIL Updated On Sat, Jul 4th, 2020 by Saurenergy Rating agency CRISIL has said the absence of any formal duty on imports at the time of project tendering and lower returns globally in the wake of the COVID-19 outbreak have resulted in competitive tariff rates in the solar energy sector. According to the agency, a chance coming together of several positives has led to […] Read more
RWE Closes Deal With E.ON, Takes Over Operations at innogy Updated On Fri, Jul 3rd, 2020 by Saurenergy The final step in one of the largest transactions in German industrial history has been completed with RWE taking over the innogy activities from E.ON The final step in one of the largest transactions in German industrial history has been completed with the major asset swap between RWE and E.ON, with which RWE took over […] Read more
India to add Only 60 GW RE Capacity by 2025: BTI Survey Updated On Fri, Jul 3rd, 2020 by Saurenergy India is expected to add only 60 GW of renewable energy capacity in the next 5 years, according to a Renewable Energy CEO survey report 2020 by BTI. India is expected to add only 60 GW of renewable energy capacity in the next 5 years, according to a Renewable Energy CEO survey report 2020 by […] Read more
Engie Sells 49% Share in its 2.3 GW US Renewables Portfolio Updated On Thu, Jul 2nd, 2020 by Saurenergy Engie has announced that it has signed an agreement to sell 49 percent equity interest in a 2.3 GW US renewables portfolio to Hannon Armstrong Engie has announced that it has signed an agreement to sell 49 percent equity interest in a 2.3 GW US renewables portfolio to Hannon Armstrong, a leading investor in climate change solutions. […] Read more
UAE’s Post-COVID-19 Recovery Plan Will Focus on Sustainable Economic Growth Updated On Thu, Jul 2nd, 2020 by Saurenergy The UAE’s post-COVID-19 recovery plan will focus on sustainable economic growth, Dr. Thani bin Ahmed Al Zeyoudi, Minister of Climate Change and Environment, said today at a virtual event for Masdar employees. Masdar is playing a leading role both in food security and in renewable energy development, where it is supporting “building a greener, healthier […] Read more
Average Power Price in RTM Lowers to Rs 2.22 per Unit in June Updated On Thu, Jul 2nd, 2020 by Saurenergy The average spot power price in the RTM was at Rs 2.22 per unit in June, which is lower than Rs 2.35 per unit in the day-ahead market at the IEX. The average spot power price in the real-time market (RTM) in its first month of operation of June was at Rs 2.22 per unit, […] Read more
MNRE Declares March 25-May 31 as Lockdown Period for RE Projects Updated On Thu, Jul 2nd, 2020 by Saurenergy MNRE has clarified that the lockdown period for time extension for renewable energy projects will be considered from March 25, 2020, to May 31, 2020. [Updated July 2, 2020 – 09:15] The Ministry of New and Renewable Energy (MNRE) has issued a new order clarifying that the lockdown period for time extension for renewable energy […] Read more
Siemens Gamesa to Shut Navarro Plant Amid Challenging Market Conditions Updated On Wed, Jul 1st, 2020 by Saurenergy Siemens Gamesa has decided to shut down its Navarro factory, which is not competitive in the market environment to produce blades for large turbine models. Siemens Gamesa Renewable Energy, one of the leading wind turbine supplier globally, has announced that the company needs to adapt to the challenging market conditions of the wind industry, characterised by […] Read more
