India Received $3.2 Bn of FDI in Renewable energy in Last Three Years Updated On Fri, Dec 28th, 2018 by Saurenergy In the first three months of the current financial year (2018-19), Rs 452 crore of FDI had already flown in, power minister R K Singh said. India has received Foreign Direct Investment worth $3,217 million in the renewable energy sector over the last three years from April 2015 to June 2018. According to data from the […] Read more
NCLT Allows Demerger of Emami’s Power and Cement Business Updated On Thu, Dec 27th, 2018 by Saurenergy In the petition filed with NCLT, Emami pegged that the demerger will bring strength to each business with a focused and individual attention. National Company Law Tribunal’s Kolkata bench has recently approved the demerger of Emami’s solar power business, Emami Power, from its cement business, Emami Cement Limited. A petition was filed by the Indian […] Read more
50 MW Pavagada Solar Park Bid Deadline Gets Another Extension Updated On Thu, Dec 27th, 2018 by Saurenergy The new deadline for online bid submission is December 31, 2018 while the hard copies can be submitted till January 2, 2019. Karnataka Renewable Energy Development Limited has once again extended the bid submission deadline for a tender for solar project of 50 MW capacity at Pavagada Solar Park in Karnataka. The bid submission deadline […] Read more
3,217 Million US$ received as FDI in Renewable Energy Sector Updated On Thu, Dec 27th, 2018 by Saurenergy Renewable Energy Capacity reaches about 74GW as on 30/11/2018 The FDI data cell of the Department of Industrial Policy and Promotion (DIPP) compiles and maintains the data of Foreign Direct Investment (FDI) Equity inflow received in the country. The FDI equity inflow from April, 2015 to June, 2018 in the Non-Conventional Energy Sector is as […] Read more
HAL’s 2 MW Rooftop Solar Project in Telangana Gets Approval Updated On Thu, Dec 27th, 2018 by Saurenergy According to net-metering regulations in Telangana, the state authorities undertake solar power plants on net metering up to 1 MW. The Telangana State Electricity Regulatory Commission (TSERC) in its recent order has approved the construction of a solar rooftop project of 2 MW capacity at Hindustan Aeronautics Limited’s Telangana premise. The ruling came after HAL […] Read more
Karnataka Tops the Chart in Renewable Energy Capacity Updated On Wed, Dec 26th, 2018 by Saurenergy Having 12,640 MW of cumulative capacity of installed renewable energy, Karnataka is leading the way in generating renewable energy. With a view of cutting carbon emissions and moving towards a sustainable future, Karnataka has now become the number one state in renewable energy capacity addition. Having 12,640 MW of cumulative capacity of installed renewable energy, […] Read more
India’s Energy Needs to Triple by 2040: World Bank Updated On Mon, Dec 24th, 2018 by Saurenergy In fiscal 2018, when total installed capacity was more than twice the amount of peak demand, peak demand shortage still registered 2.1% in India,World Bank said. Energy demand in India will grow 30% between 2018 and 2040, a new report by the World Bank titled Dark: How Much Do Power Sector Distortions Cost South Asia […] Read more
GST on Renewable Products Slashed to 5% Updated On Mon, Dec 24th, 2018 by Saurenergy Prior to this clarification, solar power developers were paying tax at the rate of 18% which had become a sticking point in the industry. Solar Industry is in a state of relief after the GST council clarified that the devices and parts related to renewable energy will be taxed a 5% while the services related […] Read more
Tamil Nadu Best in Providing Clean and Affordable Energy: NITI Aayog Updated On Sat, Dec 22nd, 2018 by Saurenergy Renewable sources constitute 100 percent of total installed generating capacity of electricity in three States and four UTs. Sustainable Development Goal (SDG) India Index which was released by NITI Aayog recently has ranked Tamil Nadu, Karnataka, Andhra Pradesh, Bihar, Maharashtra and Gujarat as the top states for providing affordable and clean energy to their population. […] Read more
