EIB Finances 200 MW Solar Projects in Spain, 2 Wind Farms in Austria Updated On Mon, Jun 29th, 2020 by Saurenergy EIB is investing EUR 43.5 mn to finance 200 MW solar projects in Spain, and EUR 63 mn for construction and operation of two new wind farms in Austria. The European Investment Bank (EIB) has announced that it is investing EUR 43.5 million to finance the largest solar project in Andalusia and one of the most powerful in […] Read more
KKR Acquires Stake in Philippines Based Power Producer ‘First Gen’ Updated On Mon, Jun 29th, 2020 by Saurenergy KKR has accepted all of the 427,041,291 common shares of First Gen, representing approximately 11.9 percent of its outstanding common shares. Global investment firm KKR has announced that, following the completion of the voluntary tender offer period by Valorous Asia Holdings, an entity owned by KKR investment funds, the Offeror has accepted all of the […] Read more
RPO Fines Will Lead to Exponentially High Demand: RK Singh Updated On Mon, Jun 29th, 2020 by Saurenergy The increase in fines for non-compliance of RPO to up to Rs 1 per KWh of the shortfall would lead to a huge rise in demand, RK Singh has said. The increase in fines for non-compliance of renewable energy purchase obligations (RPO) to up to Rs 1 per kilowatt-hour (KWh) of the shortfall would lead […] Read more
REIL Tenders for Residential Rooftop Solar Systems Across Bihar Updated On Fri, Jun 26th, 2020 by Saurenergy REIL has issued a tender for the rate contract for commissioning and maintenance of residential rooftop solar systems across various locations in Bihar. Rajasthan Electronics & Instruments Limited (REIL) has issued a tender for the rate contract for commissioning and maintenance of residential rooftop solar PV power systems across various locations in Bihar. The scope […] Read more
Policy Focus on Domestic Manufacturing Positive for Indian Solar OEMs: ICRA Updated On Thu, Jun 25th, 2020 by Saurenergy With an aim to support domestic module manufacturers, government’s focus recently increased on the initiatives like ‘Atmanirbhar Bharat Abhiyan’ and ‘Make in India’. Now, in line with this, the government has formulated various schemes in past one year including the Central Public Sector Undertaking (CPSU) Scheme which envisages installation of 12 GW solar power capacities […] Read more
R.K. Singh Demolishes ‘Canards’ Against Power Reforms At Presser Updated On Thu, Jun 25th, 2020 by Saurenergy At a virtual press conference today, Power Minister R.K. Singh launched a scathing broadside against what he described as the ‘canards’ being spread by vested interests to delay or block the passage of key power reforms, proposed in the upcoming Electricity (Amendment) Bill, 2020. Getting down to the theme straightaway, Mr Singh highlighted how India, […] Read more
Trump Administration Lags Obama Record for RE Approvals: CAP Updated On Thu, Jun 25th, 2020 by Saurenergy A new analysis has revealed that the Trump Administration has approved about half as many wind and solar energy projects as the Obama administration had at the same point. A new analysis by the Center for American Progress (CAP) has revealed that the Interior Department of the Trump Administration has approved about half as many wind […] Read more
Targeted Public Spending, Policy Action will Bring Immediate Jobs, Boost GDP: Report Updated On Wed, Jun 24th, 2020 by Saurenergy Governments can align immediate economic stimulus needs with medium to long-term decarbonisation and sustainable development objectives by targeting policy measures and public spending towards the energy transformation said the International Renewable Energy Agency (IRENA) in its newly published report. The intergovernmental agency, IRENA, in its report “Post-COVID recovery: An agenda for resilience, development and equality” outlines […] Read more
The Philippines Power Sector can Reach Resilience by 2021: IEEFA Updated On Wed, Jun 24th, 2020 by Saurenergy The Philippines could come out COVID-19 with cheaper electricity prices and a more competitive and reliable power sector a new report from IEEFA details The Philippines could come out COVID-19 with cheaper electricity prices and a more competitive and reliable power sector if it swapped its reliance on expensive coal power for cheaper renewables and […] Read more
