World Bank Okays $250 Mn for Rajasthan’s Electricity Distribution Sector Reforms Updated On Tue, Jul 10th, 2018 by Saurenergy This is the second loan for Rajasthan in the series of two operations planned for a comprehensive turnaround of the state’s electricity distribution sector. It’s first loan was closed in March 2017. The World Bank has approved USD 250 million development policy loan (DPL) aiming to help Rajasthan government in improving the performance of its electricity distribution […] Read more
CPPIB to Invest $300 Million in Renewable Energy Producer Mytrah Power Updated On Tue, Jun 26th, 2018 by Saurenergy We are in process of raising growth capital and there is interest from multiple investors,” said Mytrah Energy chief financial officer Shirish Navlekar without disclosing further details. An advance talks are taking place between Canada’s largest pension fund manager Canada Pension Plan Investment Board (CPPIB) and renewable energy producer Mytrah Energy Ltd where the former is investing about $300 million […] Read more
India’s Utility Solar Capacity Grows 72% in 2017-18, says Bridge To India Report Updated On Thu, Jun 21st, 2018 by Saurenergy The total solar installation was 10.4 GW, the rest comprising rooftop solar plants and off-grid solutions, taking India’s cumulative solar capacity to 24.4 GW, it said. Solar consultancy firm Bridge To India in its latest annual report on the sector said that India’s utility solar capacity grew by a whopping 72 percent in FY18 as […] Read more
Greenko Agrees to Buy Orange Renewables for $1 Billion Updated On Mon, Jun 4th, 2018 by Saurenergy The acquisition would mean Greenko standing at par with ReNew Power in terms of the total operating capacity of nearly 4.3 GW. It will surpass the Tata Power who has generated the total of 2 GW from renewable energy so far. With the acquisition of solar and wind portfolio of Orange Renewables for $1 billion, […] 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 Set to Join China as Global Leaders in Renewables, says Report Updated On Tue, May 22nd, 2018 by Saurenergy According to US based research institute, India’s “scheme for development of solar parks is becoming a successful model to attract foreign capital.” Furthermore, the report added the “Solar is Driving a Global Shift in Electricity Markets.” Much like China, India is poised to become global giant in renewable energy technology-led transformation thus making them two […] Read more
Karnataka Gets Three Solar PV Projects Through Rays Power Infra Updated On Fri, May 11th, 2018 by Saurenergy Open access model implemented in Karnataka enables access to power at considerably lower rates, offering better efficiencies and lower utility bills while reducing the carbon footprint of industries in the areas being serviced by projects built in the state. Under the state’s open access scheme and to add to its portfolio, Rajasthan-based utility company Rays […] Read more
Severe Dust Storm Hit Bikaner Solar Farm; Is Solar India Ready to Face it? Updated On Thu, May 3rd, 2018 by Saurenergy Lots of people are sharing a video on the whatsapp groups showing – How severely the storm hit ‘Solar Farm’ situated in the Bikaner city of Rajasthan state. A high-intensity dust storm followed by thunder showers wreaked havoc in parts of Uttar Pradesh and Rajasthan overnight, leaving more than 70 people dead and various other […] Read more
Rajasthan to Add 3,780 MW Solar Capacity by April Next Year Updated On Wed, Apr 18th, 2018 by Saurenergy “The current solar power generation is contributing 10 percent to the total power consumption in the state and we are targeting to increase it to 17 percent by 2021.” In order to achieve the goal of 7000 MW clean energy capacity in next four years in Rajasthan, the government has already assigned 20 projects of […] Read more
