Total corporate funding in the solar sector in Q3 2016 was $3 billion: Mercom Capital Group Updated On Wed, Oct 12th, 2016 by Saurenergy Mercom Capital Group has released a report on funding and merger and acquisition (M&A) activity for the solar sector in the third quarter of 2016. According to the global clean energy communications and consulting firm total corporate funding, including venture capital and private equity (VC) funding, public market and debt financing into the solar sector in Q3 2016 was up […] Read more
ABB to install solar based micro grid at Vadodara facility Updated On Wed, Oct 5th, 2016 by Saurenergy ABB has announced that it will install a fully integrated and standardized micro-grid at its Vadodara facility in Gujarat, India to help boost renewable energy generation while reducing dependency on fossil fuel. This micro-grid, with a rooftop photo voltaic field at the company’s biggest manufacturing location in India with around 3,000 employees, will help ensure […] Read more
Asian Development Bank to allocate 500 million dollars loan for putting up solar rooftops in India Updated On Tue, Oct 4th, 2016 by Saurenergy The Asian Development Bank (ADB) is set to provide $500 million in financing for rooftop solar systems that will help the Indian government expand energy access using renewable energy. ADB will provide the financing to Punjab National Bank – one of India’s largest commercial banks – which will use the ADB funds to make loans […] Read more
Hindustan Power conferred Best Solar Developer by IPPAI at Regulators and Policy Makers Retreat Updated On Tue, Sep 27th, 2016 by Saurenergy Hindustan Power, India’s leading integrated power player – has been awarded the ‘Best Solar Developer’ by the Indian Power Producers Association of India” during its 17th Regulator and Policy makers Retreat. The jury comprising of Prof. S L Rao, Former Chairman, CERC; HL Bajaj, Former member, Appellate Tribunal for Electricity; Rakesh Nath, Former Member, Appellate […] Read more
If the solar tariff increases then the demand of solar will go down which will impact the further capacity roll-out: Hindustan Power Updated On Fri, Sep 23rd, 2016 by Saurenergy The Clean energy arm of Hindustan Power is one of the leading India’s player in solar power generation. It has developed solar farms across the country and internationally. Hindustan Power played major role in changing the scenario of solar power in India. India’s first solar power plant of 5 MW capacity and the then Asia’s […] Read more
Tata Power acquires WREPL through share purchase agreement Updated On Thu, Sep 15th, 2016 by Saurenergy TPREL (Tata Power Renewable Energy Ltd), an arm of Tata Power, has completed 100 percent share purchase in WREPL (Welspun Renewable Energy Pvt Ltd) and its subsidiaries. Earlier in June, the company had announced that TPREL will acquire WREPL through a share purchase agreement (SPA) at an enterprise value of Rs 9249 crore, subject to […] Read more
Odisha Government faces hurdle in acquiring land for 1000MW solar park Updated On Sat, Sep 3rd, 2016 by Saurenergy Unable to acquire a single patch of 5000 acres for its ambitious 1000 MW solar park, the state government of Odisha is now looking for alternative different spaces in clusters to develop the proposed solar park. The chief secretary has asked the Odisha Industrial Infrastructure Development Corporation (IDCO), state’s nodal agency for land acquisition, to […] Read more
Solar Installations in India to Reach 4.8 GW in 2016: Mercom Capital Updated On Fri, Sep 2nd, 2016 by Saurenergy Mercom Capital Group in its quarterly update on the Indian solar market revealed that solar installation in India will reach 4.8GW in calendar year 2016. The solar project pipeline in India is now approximately 21 GW, with 14 GW under development and 7 GW scheduled to be auctioned. India has reached 2.8 GW in solar […] Read more
NEXTracker delivers India’s largest solar tracker plant for 105 MW PV project in Punjab Updated On Fri, Sep 2nd, 2016 by Saurenergy NEXTracker, a Flex company, announced today it has delivered its award-winning PV technology to India’s largest solar tracker power plant, in collaboration with its customer, Adani Power Ltd. Located in the State of Punjab, the project is 105 MW and is already 50% installed and commissioned. This is the first phase of a strategic agreement between […] Read more
