ReNew Power Concludes $375 Mn Green Bond Issue Updated On Wed, Mar 13th, 2019 by Saurenergy The capital raised through the green bond issue will be utilised for refinancing of outstanding external commercial borrowings and as Capex in eligible green projects. ReNew Power Limited, one of India’s largest renewable energy Independent Power Producer (IPP) has successfully concluded a green bond issue of US$ 375 million. The five-year non-call two notes were […] Read more
MNRE Introduces New Mode-7 For Development of RE Parks Updated On Wed, Mar 13th, 2019 by Saurenergy A Payment Security Mechanism will be set up by SECI to ensure continuous payment to the power developers and mitigate any payment risk due to default in payment by Discoms. The Ministry of New and Renewable Energy (MNRE) in order to address the two most critical elements when developing a renewable energy project/park has issued […] Read more
Prez Sanctions Rs 11,814 Cr for Grid Connected Rooftop Solar Programme Phase-II Updated On Tue, Mar 12th, 2019 by Saurenergy However, the Ministry further added that the detailed operational guidelines for implementation of the scheme will be issued separately. The President of India has accorded for phase-II of grid-connected rooftop solar programme for achieving a cumulative capacity of 40 GW from Rooftop Solar (RTS) projects by 2022 with the total central financial support of Rs 11,814 […] Read more
The Message from Gujarat. The Solar Price Squeeze to stay in 2019 Updated On Tue, Mar 12th, 2019 by Saurenergy After the boom of 2017, solar power developers in India ran into a big, if not completely unexpected problem. Government expectations of price drops, when it came to bidding at auctions. The cancellation of the 1000 MW auction by Gujarat Urja Vikas Nigam Limited (GUVNL), for its Dholera solar park site was on expected lines. […] Read more
Greenko ropes in Siemens for 46% stake in Poovani Project Updated On Tue, Mar 12th, 2019 by Saurenergy German power and energy major Siemens confirmed on Monday that its financial services arm has picked up 46 percent stake in Greenko Group’s 200 MW Poovani wind power project in Tamil Nadu for an undisclosed amount. Its financial subsidiary Siemens Financial Services (SFS) has signed a definitive agreement with Greenko Group for the 46 percent equity investment, making […] Read more
The Solar Sector Needs More Women. Here’s Why Updated On Fri, Mar 8th, 2019 by Saurenergy As Rooftop Solar, Distributed solar and even corporate buying markets develop, its time for the renewable power sector to fix its gender imbalance. On International women’s day, its a good time to put the spotlight on the missing women in the solar power and broader renewable power sector. Among the brightest spots for the Modi […] Read more
CRISIL Predicts Rs 1100 Bn in Investments For Wind Capacity Additions by 2023 Updated On Thu, Mar 7th, 2019 by Saurenergy According to a report, India is likely to add 14-16 GW of new wind energy capacity over the next five years (2019-23). According to numbers recently furnished in a report, India is likely to add 14-16 GW of new wind energy capacity over the next five years (2019-23) at an estimated investment cost of Rs […] Read more
Adani Begins Solar Panel Retailing in Rajasthan Updated On Wed, Mar 6th, 2019 by Saurenergy The company plans to collaborate with a channel partner for every state to expand its retail footprint across the country. The Adani Group’s solar manufacturing arm has ventured into the retail business of solar panels in the state through channel partner Ahinsa Solar. Chief Marketing Officer of Adani Solar, Prashant Mathur, said the company plans to collaborate with […] Read more
Africa’s First Commercial Floating Solar Farm Commissioned Updated On Wed, Mar 6th, 2019 by Saurenergy The plant, besides generating enough electricity to take the farm nearly off the grid will also reduce its carbon emissions by half. New Southern Energy, a leading South African-based, full-service renewable energy provider for distributed energy projects throughout Africa, has installed the continents first commercially operated floating solar PV power plant at the Marlenique fruit […] Read more
