Union Budget 2019: A Mixed Bag for the Solar Industry Updated On Sat, Jul 6th, 2019 by Saurenergy As expected from Modi Government 2.0, India’s first full-time woman Finance Minister Nirmala Sitharaman had few eggs in her basket for the renewables sector. Here’s how the key stakeholders of the solar industry, including policymakers, think tanks, leading private players have reacted to the government’s Budget for FY19-20: After the budget, Power Minister R. K. […] Read more
SECI Signs PSA for 750 MW Solar Power and MoU for BESS Facility Updated On Tue, Jul 2nd, 2019 by Saurenergy SECI has announced the signing of two new agreements a PSA and an MoU with two power discoms in Delhi and Rajasthan, respectively. MOU SIGNED WITH BRPL FOR BESS PROJECT OF SECI pic.twitter.com/6pO1XsFQOr — SECI (@SECI_Ltd) July 1, 2019 The Solar Energy Corporation of India (SECI) has announced the signing of two new agreements with […] Read more
Delhi’s Peak Power Demand Clocks Record 7241 MW Updated On Tue, Jul 2nd, 2019 by Saurenergy Delhi’s electricity demand touched an all-time high of 7241 MW on July 1, 2019, the highest peak power demand recorded in any Indian city. Delhi’s electricity demand touched an all-time high of 7241 megawatts (MW) on July 1, 2019, at 3:29 pm, the highest peak power demand recorded in any Indian city. “Delhi’s peak power demand […] Read more
ReNew Power Raises $300 Million Through Rights Issue Updated On Mon, Jul 1st, 2019 by Saurenergy Gurugarm based ReNew Power announces that it has successfully raised $300 Million through a rights issue Clean energy firm ReNew Power has announced to have raised $300 million (approx. Rs 2,050 crore) through a rights issue. Goldman Sachs, Abu Dhabi Investment Authority (ADIA), and Canada Pension Plan Investment Board (CPPIB) have subscribed to the issue, […] Read more
EV Transition Needs Extensive Planning to Succeed: N Chandrasekaran, Tata Sons Updated On Thu, Jun 27th, 2019 by Saurenergy N Chandrasekaran recently said that the transition to EV needs to be properly planned so as to ensure that the entire ecosystem is ready Tata Sons Chairman, N Chandrasekaran recently said that the migration or perhaps the transition to electric vehicles (EV) in the country needs to be properly planned so as to ensure that […] Read more
Gujarat Issues Tender For Procurement of 750 MW Solar Power Updated On Wed, Jun 26th, 2019 by Saurenergy GUVNL has issued an RfS for procuring 750 MW of solar power from solar PV projects located in the 1000 MW capacity Dholera. The Gujarat Urja Vikas Nigam Limited (GUVNL) has issued a Request for Selection (RfS) for procuring 750 MW of solar PV power through a competitive bidding process (followed by reverse e-auction (e-RA)) […] Read more
Tata Power Planning Rs 16K Cr Renewable InViT to Trim Debt Updated On Mon, Jun 24th, 2019 by Saurenergy Tata Power plans to establish an InViT for its renewable energy portfolio to reduce its debt by almost a fourth and then raise growth equity from investors. Tata Power, of the country’s leading integrated power companies, has revealed that it plans to establish an infrastructure investment trust (InViT) for its renewable energy portfolio, nearly 3 […] Read more
SECI Signs PSA For 460 MW Wind Power with UPPCL Updated On Thu, Jun 20th, 2019 by Saurenergy UPPCL has signed a PSA for procuring 460 MW of wind power with SECI The Uttar Pradesh Power Corporation Ltd. (UPPCL) has signed a Power Supply Agreement (PSA) for procuring 460 MW of wind power with the Solar Energy Corporation of India (SECI). The signing of the agreement was announced on the official twitter handle […] Read more
Duke Energy’s 150 MW Solar Plant in California Begins Operation Updated On Thu, Jun 20th, 2019 by Saurenergy Duke Energy Renewables has announced that its 150 MW North Rosamond solar project in Kern County, California, has begun commercial operation. Duke Energy Renewables (DER), a subsidiary of Duke Energy, has announced that its 150-megawatt (MW) North Rosamond solar project in Kern County, California, has begun commercial operation. It is the largest solar project in the company’s fleet. “North Rosamond is a […] Read more
