New York Sets Ambitious Energy Efficiency Targets Updated On Sat, Dec 15th, 2018 by Saurenergy The new energy efficiency target for investor-owned utilities will more than double utility energy efficiency progress by 2025. In order to Meet New York’s Clean Energy Goals, Governor Andrew M. Cuomo today announced two initiatives to dramatically increase New York’s energy efficiency and energy storage targets to combat climate change. The new energy efficiency target […] Read more
MNRE Issues Order Mandating Procurement of Locally Made Products Updated On Fri, Dec 14th, 2018 by Saurenergy Department of Industrial Policy and Promotion had earlier issued a notification in June 2017, mandating public procurement should encourage Make in India policy. Ministry of New and Renewable energy has issued an order mandating that public procurements should encourage Make in India to promote manufacturing and production of goods and services in India with a […] Read more
Stanford University Announces Second Solar Plant, Fully Solar by 2021 Updated On Thu, Dec 13th, 2018 by Saurenergy Finalizing an agreement with Recurrent Energy for an 88-megawatt solar photovoltaic plant to be constructed in central California, the university has beaten California’s goal of going carbon-free by two decades. In a major solar push, Stanford University has announced its second solar power plant which will enable the university to go fully solar by late […] Read more
World Bank and AFD to launch Global Solar Risk Mitigation Initiative Updated On Wed, Dec 12th, 2018 by Saurenergy The SRMI is an integrated approach aimed it tackling policy, technical and financial issues, which are associated with scaling up solar energy initiatives. Keeping in line with international Solar Alliance’s ambition of promoting solar energy among member states, the World Bank and Agence Française de Développement (AFD) are developing a joint Global Solar Risk Mitigation […] Read more
India to Add 10000 MW Renewable Energy Capacity in 2020: Icra Updated On Wed, Dec 12th, 2018 by Saurenergy The current trend prediction comes on the back of the fact that the share of renewable energy has been steadily rising in India’s energy mix. Renewable energy capacity addition can be expected to be around 10000 MW in financial year 2019-2020, rating agency Icra has said while maintaining a stable outlook for the renewable energy […] Read more
World Bank Lauds India’s Renewable Energy Push Updated On Tue, Dec 11th, 2018 by Saurenergy “Many of the world’s largest energy-consuming countries significantly improved their renewable energy regulations since 2010”, the report mentioned. World Bank in its latest report Regulatory Indicators for Sustainable Energy (RISE) 2018 praised India’s efforts and its success in renewable energy actions and policy support helping drive down the cost of renewable energy in the country. […] Read more
MNRE asks State Utilities to Issue Wind, Solar Tender Updated On Mon, Dec 10th, 2018 by Saurenergy With most states falling behind their renewable purchase obligation (RPO) targets, MNRE has given out these instructions to state power utilities. Ministry of New and Renewable Energy (MNRE) has instructed state power utilities to issue tenders for solar and wind energy instead of depending on central agencies for meeting their renewable targets. With most states […] Read more
Year End Review 2018 – MNRE Updated On Mon, Dec 10th, 2018 by Saurenergy India attains global 4th and 5th positions in wind and solar power installed capacities; India now at 5th global position for overall installed renewable energy capacity A total of 101.83 billion units of power were generated in the country during the year 2017-18 from renewable energy The Government has declared the trajectory of bidding 60 […] Read more
CCEA Approves Sale of Govt’s 52.63% Stake in REC to PFC Updated On Fri, Dec 7th, 2018 by Saurenergy It may also allow for cheaper fund raising with increase in bargaining power for the combined entity. The Cabinet has provided its ‘In Principle’ approval for the strategic sale of the government’s existing 52.63 percent total paid-up equity shareholding in Rural Electrification Corporation (REC) to Power Finance Corporation (PFC). The government said in a notification […] Read more
