IL&FS to Monetise its Green Energy Portfolio Worth Rs 8,000 Crore Updated On Thu, Nov 29th, 2018 by Saurenergy This comes on the backdrop of IL&FS already having received a good response for the potential sale of its two arms. Debt laden Infrastructure Leasing & Financial Services has decided to monetize its renewable energy assets worth Rs 8,000 crore and has initiated the process to sell its controlling stake in green energy business as […] Read more
India May Achieve 76% of Renewable Energy Target by 2022, says Report Updated On Tue, Oct 16th, 2018 by Saurenergy Nonetheless, the government’s commitment and support towards renewables remain strong. One of the world’s leading research and consultancy group Wood Mackenzie in its report said that India may achieve about 76 per cent of the target of having 175 GW of renewable power generation capacity by the scheduled date of 2022 as it faces myriad challenges. […] Read more
Decentralized Renewable Energy may hold $100bn Investment Opportunity Updated On Thu, Sep 6th, 2018 by Saurenergy DRE solutions, according to the report, should be made more prominent in the national and state energy systems of the country. A recent analysis has shown that the investment opportunities in Decentralized Renewable Energy (DRE) segment in India may have reached $100 billion. Moreover, the DRE solutions, according to the report, should be made more […] Read more
Renesola Sells North Carolina Solar Project to Greenbacker Updated On Wed, Jun 20th, 2018 by Saurenergy As per the deal, this project will sell all power generated to the local utility under a 15-year purchase agreement. Chinese solar company ReneSola has sold its utility-scale North Carolina project to New York-based Greenbacker Renewable Energy Company. This North Carolina solar project has a capacity of 6.75 MW and represents the Chinese company’s second project sale to Greenbacker, following […] Read more
Bangladesh, World Bank Ink $55 Mn Pact to Expand Renewable Energy Usage in Rural Areas Updated On Thu, May 31st, 2018 by Saurenergy The additional financing to the Second Rural Electrification and Renewable Energy Development (RERED II) Project will install 1,000 solar irrigation pumps, 30 solar mini-grids, and about 4 million improved cookstoves in rural areas. In order to expand renewable energy usage in rural areas, the Bangladesh government has inked a USD 55 million financing pact with the World […] Read more
Solar Power Capacity in Virginia likely to triple in 5 years Updated On Thu, Apr 12th, 2018 by Saurenergy The estimated generation of solar energy in the near future will provide power to nearly 200,000 homes in the state The capacity to generate solar electricity in Virginia is likely to triple over the period of next five years, said a recent report by Solar Energy Industries Association. The estimated generation of solar energy in […] Read more
Will Achieve 100 GW Solar Target Ahead of 2022, says Harsh Vardhan Updated On Mon, Apr 9th, 2018 by Saurenergy The government has set a target of 175 GW of renewable power by 2022 and out of it 100 GW should be in solar. It will not be a problem, the Union Minister said. The Minister for Science and Technology Harsh Vardhan said in Kolkata that India’s 100 GW solar mission target will be achieved ahead of its target in 2022. […] Read more
Government making efforts to reduce dependence on traditional biomass cooking Updated On Thu, Mar 22nd, 2018 by Saurenergy 36,940 family type and 849 community type improved cook stoves distributed under the Unnat Chulha Abhiyan About 7.05 lakh solar cookers distributed/sold through the State Governments 3.45 crore LPG connection given under Pradhan Mantri Ujjwala Yojana As per Census 2011, about 65.9 per cent of households depend on solid biomass, including firewood, crop residue and […] Read more
African Development Bank Plans to Bring Solar Power to Millions Updated On Sat, Feb 3rd, 2018 by Saurenergy African Development Bank is investing heavily in ways to help the estimated 640 million Africans who lack access to energy as well as protecting them against climate risks. In a significant development, the African Development Bank is unveiling its plan to help connect 29.3 million people in the continent with electricity by 2020. The bank […] Read more
