Year-End Review – Ministry of Power Updated On Mon, Dec 26th, 2016 by Saurenergy In view of the growing need of the Indian Economy, Government of India has embarked upon a massive programme to provide 24×7 power across the country by 2019. After the completion of half of its term, the Government has achieved many important milestones in the Power sector. Special focus has also been given to North East by giving […] Read more
Sammons Renewable Energy Leads $241 Million Solar Cash Equity Transaction with SolarCity Updated On Mon, Dec 26th, 2016 by Saurenergy Sammons Renewable Energy has announced that it led the equity portion of a $241 million cash equity transaction with SolarCity. Franklin Park Investments manages SRE. As part of the deal, SRE is investing in a portfolio of solar projects in 16 states, including 26,000 home residential systems and 19 commercial and industrial solar projects. The […] Read more
Solar Integrated Roofing Corp. Appoints Robert Rinaldi Vice President of Sales Updated On Sat, Dec 24th, 2016 by Saurenergy Solar Integrated Roofing Corp., announced that it has appointed Robert Rinaldi as vice president of sales. Mr. Rinaldi, age 47, brings to Solar Integrated Roofing Corporation a range of experience distinctly suited to the sale of SIRC’s products. Most recently, he spent seven years as Manager of the Berkeley Group on Singer Island, Florida. There, […] Read more
Alterra Power Announces Amendment of Power Purchase Agreement for Michigan Solar Project Updated On Fri, Dec 23rd, 2016 by Saurenergy Alterra Power and Inovateus Solar announces the execution of an amended and restated power purchase agreement under which Spartan PV 1, LLC is expected to sell power to the Board of Trustees of Michigan State University (“MSU”). Under the agreement, the Project, a 15.5MWDC (10.1MWAC) solar power plant to be located on carports on the […] Read more
Rooftop solar units from third party costs 40 percent cheaper than DISCOMs Updated On Thu, Dec 22nd, 2016 by Saurenergy Rooftop solar units installed on industrial and corporate establishments by third parties are offering power 30-40% cheaper than the rates offered by the state’s power distribution companies. This gap is expected to widen further as thermal power companies would need to increase tariffs to accommodate inflationary measures and solar modules prices fall further. The model […] Read more
Adani, Azure wins 100 MW Grid-Connected Solar tender at Ananthapuramu Solar Park Under DCR Updated On Thu, Dec 22nd, 2016 by Saurenergy Adani and Azure Power has bagged 50MW solar capacity tender each in the state of Andhra Pradesh reports consultancy firm Mercom Capital Group. Solar Energy Corporation of India (SECI) auctioned 100 MW of grid-connected solar under the domestic content requirement (DCR) category at Ananthapuramu solar park in Andhra Pradesh. Under the DCR it is mandatory […] Read more
RINL Commissions 5MW Grid-Connected Solar at Vishakhapatnam Steel Plant premises in Vizag Updated On Thu, Dec 22nd, 2016 by Saurenergy The corporate entity of Visakhapatnam Steel Plant, Rashtriya Ispat Nigam (RINL) has commissioned 5 MW of grid-connected solar at the Vishakhapatnam Steel Plant premises in Vizag reports Marcom Capital. The research firm notes that the projects were developed on a Build Own Operate (BOO) basis at a cost of about Rs.330 million ($4.86 million). A […] Read more
LG CNS bags contract for 55MW Yamaguchi Shin Mine Solar Power Project in Japan Updated On Wed, Dec 21st, 2016 by Saurenergy LG CNS has announced that it will construct a 55 Megawatt solar power plant in Shin Mine of Yamaguchi prefecture, Japan. The project amounts to approx. KRW 170 billion in size with the cost of construction and operation combined, and it will last about 18 months with the goal of commencing commercial operation in May […] Read more
Zero Carbon Corporation and NYCEEC Work Together to Develop Innovative Solar Loan Model for Co-ops and Condos Updated On Wed, Dec 21st, 2016 by Saurenergy Zero Carbon Corporation and the New York City Energy Efficiency Corporation (NYCEEC) are pleased to announce their successful effort to structure and deploy a new solar loan product for housing co-ops and condominiums. This new financing model allows co-ops and condos to install rooftop solar PV systems with no cash out of pocket, expanding opportunities […] Read more
