Brazil Crosses 1 GW Solar Milestone Updated On Wed, Jan 10th, 2018 by Saurenergy Brazil has also become the second Latin American country to cross the 1 GW mark of installed PV capacity after Chile. Brazil’s solar power generation has reached the mark of one gigawatt, marking it among the 30 countries in the world which can generate over one gigawatt from solar sources, reports said. Brazil has also […] Read more
ReNew Power Raises Rs 2,235 Crore From NCD Updated On Wed, Jan 10th, 2018 by Saurenergy The issuance comes in two parts: the first, a credit enhanced NCD worth Rs 760 crore and the second, a multi-issuer cross-collateralised rupee bond involving multiple power distribution companies. ReNew Power Ventures Pvt. Ltd, one of India’s leading clean energy companies, has stated the closure of the issue of non-convertible debentures (NCDs) collectively worth Rs […] Read more
Coal Secretary Inaugurates 130-MW Solar Power Plant of NLC in Tamil Nadu Updated On Tue, Jan 2nd, 2018 by Saurenergy The entire power generated from the solar plant would be supplied to TANGEDCO, at a preferential tariff of Rs. 5.10 per unit for 25 years, a press release stated. As part of government’s commitment to green energy initiatives, Coal Secretary Susheel Kumar inaugurated a 130 MW solar power project at 33/110 KV pooling substation in […] Read more
Year End Review 2017 –MNRE Updated On Wed, Dec 27th, 2017 by Saurenergy Government is on its way to achieving 175 GW target for installed Renewable Energy capacity by 2022 India attains 6th position in global Solar Power installed capacity By November 2017, a total of 62 GW Renewable Power installed, of which 27 GW installed since May 2014 and 11.79 GW since January 2017 Historic Low Tariffs […] Read more
YES Bank, EIB to Invest $400mn in Indian Renewable Energy Sector Updated On Wed, Dec 20th, 2017 by Saurenergy The new $400 million private sector renewable energy financing programme is divided into two components. Of the $400-million, the EIB will fund $200 million, while the rest will be supported by YES Bank. YES Bank and the European Investment Bank will jointly invest $400-million funding for renewable power generation in the country. “The new financing […] Read more
Solar Power Generating Capacity in South Korea to Increase by Five Times by 2030 Updated On Wed, Dec 20th, 2017 by Saurenergy South Korea plans to add 30.8 gigawatts of solar power generating capacity and 16.5 gigawatts of wind power capacity by 2030. South Korea plans to increase its solar power capacity by five times current amounts by 2030 to boost use of renewable sources in the nation’s energy mix, reuters news agency reported. Since President Moon […] Read more
Major Policy Initiatives undertaken by Government for increasing share of Renewable Energy in total installed capacity Updated On Tue, Dec 19th, 2017 by Saurenergy Minister of State (IC) for Power and New & Renewable Energy, Shri Raj Kumar Singh, in a written reply to a question in Rajya Sabha today, informed about the major policy initiatives undertaken after June 2014 for increasing the share of renewable energy in total installed capacity. These are as under: – Announced a cumulative […] Read more
Belgian Firm Plans to Invest Rs 1,000 Crore in Renewable Energy in India Updated On Sat, Dec 16th, 2017 by Saurenergy Over the next one to two years, Belgian Firm will invest anywhere between Rs 800 – Rs1,000 crore for renewable energy venture in India. Belgian retail giant Colruyt Group is gearing up to make a big splash in the renewable energy space in India and has lined up an investment of around Rs 800-1,000 crore […] Read more
President of India gives away National Energy Conservation Awards and National Painting Competition Prizes for 2017 Updated On Thu, Dec 14th, 2017 by Saurenergy Industry must cooperate with Government to set up Energy Banks, to meet increasing Energy demand in the Country: Shri Ram Nath Kovind India to reduce Energy Intensity of Economic Growth by one-third by 2030, aim towards Responsible Growth: Shri R.K. Singh India to exceed its Renewable Energy target of 175 GW, to comfortably cross 200 […] Read more
