Solar Power Tariffs expected to drop to as low as INR 3.50 a unit in 3 years Updated On Tue, Jul 26th, 2016 by Saurenergy Solar power tariffs in India, which fell below Rs. 5 per unit since last November, are once again expected to sink further as the industry doubles volumes every year and the cost of producing power continues to drop. A report published in the Mint mentions that that tariffs will fall to as low as 3.5 […] Read more
PM Narendra Modi invites India’s top fossil fuel ventures to contribute in solar Updated On Fri, Jul 22nd, 2016 by Saurenergy India’s topmost energy corporations are moving beyond their roots in fossil fuels to plough money into renewables, supporting the idea of Prime Minister Narendra Modi’s goal to expand the growth of alternatives to the most polluting forms of energy. According to the reports of state agency responsible for implementing energy policy, one of the prominent […] Read more
Surat Municipal Corporation signs MoU with SECI to tap into solar power Updated On Tue, Jul 19th, 2016 by Saurenergy Surat Municipal Corporation (SMC) on Monday inked Memorandum of Understanding (MoU) with Solar Energy Corporation of India (SECI) to generate solar power from rooftop of the buildings. The MoU was signed by Surat Municipal Commissioner Milind Torwane and SECI managing director Ashvini Kumar. Under the MoU signed SECI will set up solar power plants on […] Read more
Hartek Power bags 330 Mw solar projects Updated On Thu, Jul 7th, 2016 by Saurenergy India’s fastest growing EPC Company Hartek Power has bagged substation orders for 330-Mw solar projects across the country in the Q1 of the current FY. The Chandigarh based company has set a target of executing EPC for 500-Mw solar power projects to the grid 2016-17. The 330-Mw solar EPC orders include 10 substation projects of up to 132 Kv spread across […] Read more
SECI signs PPA with Five utilities in Karnataka for 1GW solar power project, issues NIT for 5MW project in Telangana Updated On Fri, Jul 1st, 2016 by Saurenergy Five utilities Karnataka have signed power purchase agreements (PPA) with Solar Energy Corporation of India (SECI) for 1GW of solar power project. According to recent reports Karnataka is facing one of the worst power crises in the last two decades. Solar Energy Corporation of India has also issued a notice of interest (NIT) for Design, […] Read more
Tamil Nadu to produce 3,000 MW of power in next three years through solar rooftop Updated On Fri, Jul 1st, 2016 by Saurenergy Tamil Nadu is planning to produce 3,000 MW of power in next three years through solar rooftop and develop green villages. Speaking on the sideline of 15th edition of CII Green Power 2016 P Thangamani, Minister for Electricity, Prohibition and Excise said that the state has developed a vision to become a global leader in […] Read more
KfW and IREDA signs 6th Line of Credit (LoC) for € 20 million Updated On Thu, Jun 30th, 2016 by Saurenergy KfW Development Bank and Indian Renewable Energy Development Agency Ltd. (IREDA) have signed € 20 million Loan Agreement to be utilized by IREDA for “Access to Energy” by financing Renewable Energy projects in India. The 6th Line of Credit (LoC) signed between KfW and IREDA is on standalone basis without sovereign guarantee from Government of […] Read more
30 percent of 472 villages electrified this month are off-grid Updated On Wed, Jun 29th, 2016 by Saurenergy According to the Rural Electrification Corporation (REC), electrification of 472 villages was completed this month (6june-28june) and about 142 of them got an off-grid connection. Solar PV has remained the most deployed off-grid connection in the country, with total installed capacity of 7.5GW as of May 2016. Nine out of eleven projects sanctioned under renewable […] Read more
US and India announces creation of a $20 million USICEF initiative Updated On Wed, Jun 8th, 2016 by Saurenergy The United States welcomed the launch of the International Solar Alliance (ISA), recognizes the critical role it can play in the development and deployment of solar power, and intends pursuing membership in the ISA. To further strengthen ISA together, US and India will jointly launch the third Initiative of the ISA which will focus on […] Read more
