CARE Downgrades Outlook of 11 Telangana Solar Firms Updated On Tue, Aug 13th, 2019 by Saurenergy After CRISIL, Indian ratings agency CARE has downgraded the outlook of 11 solar companies in the wake of AP order to review PPAs. Care Ratings has revised its outlook to negative on the borrowing programs of 11 solar power producers. The agency did so due to delayed payment to the solar firms by distribution companies in Telangana […] Read more
Japan’s GPIF and ADB Partner to Finance Green Projects Updated On Tue, Aug 13th, 2019 by Saurenergy ADB and Japan’s GPIF recently formed a partnership to support green project financing through investments in ADB’s green bonds. The Asian Development Bank (ADB) and Japan’s Government Pension Investment Fund (GPIF) recently formed a partnership to support green project financing through investments in ADB’s green bonds. “We are pleased to collaborate with GPIF on this […] Read more
Apparel Brand Gap Signs 90 MW VPPA With Enel Green Power Updated On Mon, Aug 12th, 2019 by Saurenergy Gap has signed a 90 MW VPPA for the Aurora Wind Project with Enel Green Power, marking one of the largest offsite RE contracts by an apparel retailer. Global apparel retailer Gap Inc. has announced that it has signed a 90 MW virtual power purchase agreement (VPPA) for the Aurora Wind Project with Enel Green Power North America, marking one of […] Read more
SECI’s 1200 MW ISTS-V Solar Tender Undersubscribed Updated On Mon, Aug 12th, 2019 by Saurenergy SECI’s ISTS-V solar tender which was issued seeking to award projects worth 1200 MW has received bids only for half the tendered capacity. The Solar Energy Corporation of India (SECI’s) had issued an RfS (ISTS-V) for setting up of 1200 MW solar power projects in India in July. The tender, which was issued seeking to […] Read more
After High Court Stay on PPA Move, Andhra Strikes with Curtailment Updated On Fri, Aug 9th, 2019 by Saurenergy The Andhra government has decided to curtail renewable generation in the state after state High Court put a stay on its order to renegotiate RE tariffs The newly elected Andhra Pradesh government has decided to curtail renewable power generation in the state after the state High Court put a stay on the government’s order to […] Read more
Ørsted Reports Strong Numbers for First Half of 2019 Updated On Fri, Aug 9th, 2019 by Saurenergy Ørsted has achieved an operating profit of USD 1.32 billion in first half of 2019, up 2% and on track to deliver its full-year guidance. Wind Major Ørsted’s Board of Directors approved the interim report for the first half year (H1) of 2019. The firm revealed that it has achieved an operating profit (EBITDA) of […] Read more
RRB Energy Working on Business Model to Strengthen Presence in India Updated On Wed, Aug 7th, 2019 by Saurenergy RRB Energy Limited has announced that it is taking strategic steps in order to ramp up its business in India RRB Energy Limited (RRBEL), a key part of the wind power sector, has announced that it is taking strategic steps in order to ramp up its business in India, and become a debt-free organization in […] Read more
Rajasthan CM Plans to Make the State a hub for Solar Energy Updated On Mon, Aug 5th, 2019 by Saurenergy Rajasthan CM Ashok Gehlot has said that his government will bring in a policy to make the state a hub of solar energy. Rajasthan Chief Minister Ashok Gehlot has said that his government will bring in a policy to make the state a hub of solar energy. He said efforts are being made to generate 10,000 […] Read more
TECA Hails Centre’s Call for ‘Must Run Status’ on Energy Projects Updated On Mon, Aug 5th, 2019 by Saurenergy TECA has welcomed the communication of MNRE to the state governments to honour ‘must-run status’ of wind and solar energy projects. The Tamil Nadu Electricity Consumers Association (TECA) has welcomed the communication of the Ministry of New and Renewable Energy (MNRE) to the state governments to honour ‘must-run status’ of wind and solar projects. In a […] Read more
