Solar Power Tariff Touches a New Low of Rs 3.15 Levelised Rate Updated On Wed, Apr 12th, 2017 by Saurenergy After the record breaking Rs 2.97 per unit solar tariff for REWA solar plant, the Indian renewable market once again witnesses the all time low of Rs 3.15 per unit solar tariff in an auction of a 250 MW solar power project in Andhra Pradesh. The levelised solar power tariff has dropped to all time […] Read more
Vedanta Resources Looks Forward to Expand its Clean Energy Plans in India Updated On Fri, Apr 7th, 2017 by Saurenergy Vedanta Resources is looking at developing battery storage solutions that would help with grid balancing, besides complementing the government’s push for solar power. Vedanta Resources is working on its clean energy plans for India, encouraged by the opportunities offered by the country’s growing green economy. Ajay Kumar Dixit, chief executive officer, alumina and power business, […] Read more
BJP Government’s Big Solar Push Could Run into Land Hurdle: Here is Why Updated On Tue, Mar 28th, 2017 by Saurenergy India’s record with solar power generation does not offer reasons to be optimistic either. With just a few days left for end of financial year 2016-17, India still has over 70 per cent of its target to achieve, while targets for upcoming years are even higher. The Union cabinet decided last month to double India’s […] Read more
Waaree Energies to raise $100 million: Report Updated On Thu, Mar 16th, 2017 by Saurenergy “Waaree Energies has been looking to raise funds. EY Advisory, Auditing & Business Consulting Firm is running the process” India’s one of the largest module manufacturer, Waaree Energies has reportedly appointed EY – Advisory, Auditing & Business Consulting Firm to raise a fund of USD 100 million. A close source to the company speaking to […] Read more
World Bank Loan for Rewa Solar Power Project Updated On Wed, Mar 15th, 2017 by Saurenergy World Bank will provide 25% of the loan amount under its Clean Technology Fund to Rewa Solar Power Project at an interest rate of only 0.25%. The World Bank has agreed to provide loan to develop internal transmission arrangements for the upcoming Rewa Ultra Mega Solar Power Project in Madhya Pradesh. “The World Bank has […] Read more
Price of Solar Power May Fall Further in FY18 Updated On Fri, Mar 10th, 2017 by Saurenergy In the last few months, solar power costs had hit a low of Rs 3.30 per unit and might fall further in FY18. Solar power generation costs are set to dip further during third and fourth quarter of 2017-18, helped by expected softening of interest rates and a drop in solar panel prices due to […] Read more
Cheap Chinese Imports Burn Domestic Solar Cell, Module Makers Updated On Tue, Feb 28th, 2017 by Saurenergy Solar cell and module makers were hoping for incentives to scale up production, but it seems like Union Budget disappointed them. Indian solar cells and modules manufacturers have not able to cash in on the opportunity of rising solar power installations thanks to Chinese competition. Between April and October 2016, India imported solar power material […] Read more
Rs. 600 Crore Allocated for Grid connected Rooftop and small Solar Power Plants Programme Updated On Fri, Feb 10th, 2017 by Saurenergy Government allocates Rs 600 crore for solar power projects and Grid connected Rooftop Programmes An amount of Rs. 600 crore has been allocated for the projects under “Grid Connected Rooftop and Small Solar power Plants Programme” and Rs. 508.84 Crore has been released till 31.01.2017. This was stated by Shri Piyush Goyal, Minister of State […] Read more
ADB approves $390 million financing package for ReNew Power to develop renewable energy projects in India Updated On Wed, Jan 18th, 2017 by Saurenergy ReNew Power will utilize the fund to develop solar power projects with combined capacity of 398 megawatts (MW) in Jharkhand and Telangana Asian Development Bank (ADB) has approved a new $390 million financing package for ReNew Power to develop renewable energy projects in India. The financing will assist 7 special purpose vehicles owned by ReNew […] Read more
