We Received Force Majeure Notices from Various Discoms, Despite Govt Directive: Azure Power Updated On Mon, Apr 13th, 2020 by Saurenergy Despite government directive to power distribution companies (Discoms) to pay dues on time, the country’s one of the leading independent solar power producer (IPP), Azure Power said that it has received Force Majeure notices from various Discoms citing an inability to perform their obligations as per the PPA due to Covid-19. There has been a […] Read more
Indian IPP Renew Power Commits Rs 20 Cr in Fight against Coronavirus Updated On Wed, Apr 8th, 2020 by Saurenergy ReNew Power, country’s largest renewable energy Independent Power Producer (IPP), on Wednesday said that it will support in India’s fight against the global pandemic. The Gurugram-headquartered company assured that it will contribute to the Central and State governments’ efforts to combat the coronavirus (COVID-19) pandemic in the country. Initially, the company has committed Rs 20 […] Read more
2020s to be the Decade of Emerging Solar Power Markets: WoodMac Updated On Thu, Feb 27th, 2020 by Saurenergy The 2020s are set to deliver more of the same for solar PV, as costs continue to fall, and the global market gets more diverse with emerging markets coming of age The next decade is set to deliver more of the same for solar PV, according to Wood Mackenzie. Costs will continue to fall, though […] Read more
Discoms’ Dues to Power Gencos Rises 50% to Rs 88,177 Cr in December Updated On Mon, Feb 17th, 2020 by Saurenergy Power producers’ total outstanding dues owed by Discoms jumped nearly 50 percent to Rs 88,177 crore in December 2019 over the same month previous year Power producers’ total outstanding dues owed by Discoms jumped nearly 50 percent to Rs 88,177 crore in December 2019 over the same month previous year, reflecting stress in the sector. Discoms owed […] Read more
South Africa to Turn to Renewable Energy Amid Power Cuts Updated On Fri, Feb 14th, 2020 by Saurenergy South African president Cyril Ramaphosa has said that the coal-dependent country will soon turn to renewable energy as one way to help ease power cuts South African president Cyril Ramaphosa has said that the coal-dependent country will soon turn to renewable energy as one way to help ease power cuts that have “severely set back” efforts to rebuild the […] Read more
Indian IPP ReNew Power Raises $450 Mn via Dollar Bonds Route Updated On Fri, Jan 24th, 2020 by Saurenergy Gurgaon-headquartered renewable energy independent power producer (IPP) ReNew Power has recently raised USD 450 million in funding via issuing dollar bonds. With 7 years of maturity, these dollar bonds were priced at 5.875 percent coupon rate and will be issued in 2 tranches with an average maturity tenure of five-and-a-half years. ReNew Power is among […] Read more
IFC Inks Pact with Bangladesh to Spur Solar Power Generation Updated On Tue, Jan 7th, 2020 by Saurenergy With an aim to promote more investment in the renewable energy projects in Bangladesh, the International Finance Corporation (IFC) has entered into an agreement with the Sustainable and Renewable Energy Development Authority (SREDA) of Bangladesh. As per the agreement signed, IFC, a member of the World Bank Group, will support a solar power plant of […] Read more
Discoms Dues to Power Generators Rises to Rs 81k Cr in November Updated On Mon, Jan 6th, 2020 by Saurenergy Power producers’ total outstanding dues owed by Discoms increased around 45 percent to Rs 81,085 crore in November 2019. Power producers’ total outstanding dues owed by Discoms increased around 45 percent to Rs 81,085 crore in November 2019 over the same month previous year, reflecting stress in the sector. Discoms owed a total of Rs 54,834 […] Read more
EIB to Finance 300 MW Solar Power Project in Spain Updated On Thu, Dec 12th, 2019 by Saurenergy EIB has announced that it will invest EUR 76.5 million in one of the largest solar projects in Spain, the 300 MW capacity Talayuela solar power project The European Investment Bank (EIB), the premier investment institute in the region has made a big mark at the ongoing COP 25 climate conference in Madrid, Spain with […] Read more
