Centre to Notify Guidelines for Renewable Power Procurement Updated On Fri, Jul 21st, 2017 by Saurenergy Until the guidelines are drafted, the till then projects will be set up under existing provisions of the Electricity Act, 2003 under section 62 wherein the State Regulatory Commission is to be approached for fixation of tariff. The Union Ministry of New and Renewable Energy has clarified that a guideline for procurement of renewable power […] Read more
Siemens and AES Join Forces to Create Fluence, a New Global Energy Storage Technology Company Updated On Tue, Jul 18th, 2017 by Saurenergy Combining the proven AES Advancion and Siemens Siestorage energy storage platforms with expanded services, Fluence will offer customers a wider variety of options to meet the challenges of a rapidly transforming energy landscape. Siemens and the AES Corporation has announced their agreement to form a new global energy storage technology and services company under the […] Read more
Kerala Government Approves App-based Survey to Map Renewable Energy Installations Updated On Fri, Jul 14th, 2017 by Saurenergy The state government of Kerala has given its approval to the Agency for Non-conventional Energy and Rural Technology to develop the mobile app at a cost of Rs 10 lakh for Mapping Renewable Energy Installations. The Government of Kerala would soon launch a mobile app-based survey to map the renewable energy installations, such as solar […] Read more
8minutenergy and Capital Dynamics Announce 328 MW Mount Signal 3 Solar Project Updated On Wed, Jul 12th, 2017 by Saurenergy Third phase of Mount Signal Solar Farm, among the largest PV projects worldwide, will be developed by 8minutenergy and owned by Capital Dynamics. 8minutenergy Renewables, the largest independent solar power developer in the U.S., and global private asset manager Capital Dynamics, has announced the acquisition and development of the 328 megawatt-DC Mount Signal 3 (“MS3”) […] Read more
GUVNL Extends the Bidding Deadline for 1000MW Renewable Power Updated On Sat, Jul 8th, 2017 by Saurenergy The lack of clarity on GST rates has prompted Gujarat Urja Vikas Nigam Ltd to extend extended the deadline for submitting bids for 1000MW solar and wind power supply. Gujarat Urja Vikas Nigam Ltd (GUVNL) has extended the deadline for submitting bids for 1000MW solar and wind power supply. The decision has come after prospective […] Read more
IFC Invests Rs 667 Crore in L&T Infrastructure for Solar Power Projects Updated On Fri, Jul 7th, 2017 by Saurenergy L&T Infrastructure Finance Co will use the fund to provide loan to solar power projects across India. The World Bank’s private financing arm IFC has invested Rs 667 crore ($103 million) in L&T Infrastructure Finance Co by subscribing to the first official Green Bonds in India, as stated in a joint statement by both the […] Read more
Morocco Secures USD 25 Million Loan for Solar Energy Projects Updated On Thu, Jul 6th, 2017 by Saurenergy The project’s innovative hybrid solar design is also built on a unique Public-Private Partnership between the Moroccan Agency for Sustainable Energy (MASEN) and private sector sponsors – with a Build, Own, Operate and Transfer project structure and implementation approach Morocco has received USD 25 million loan from the Climate Investment Funds’ Clean Technology Fund, for […] Read more
Piramal Finance Introduces ‘Flexi Line of Credit’ for Renewable Energy, Sanctions an Additional Rs. 700cr to ACME Solar Updated On Thu, Jul 6th, 2017 by Saurenergy Piramal Finance Limited (PFL) had first invested Rs. 499 Cr with ACME in July 2016, together with its partner APG. Piramal Enterprises, through its subsidiary Piramal Finance Limited (PFL), sanctioned an additional Rs.700Cr to ACME Solar Holdings Limited. The deal was made through Corporate Finance Group (“CFG”) of Piramal Finance Limited by introducing a new […] Read more
ReneSola announces grid connection of over 180 MW of solar rooftop projects in China Updated On Wed, Jul 5th, 2017 by Saurenergy ReneSola Connects 180 MW of Distributed Generation Projects in China ReneSola has announced the grid connection of over 180 MW of solar rooftop projects in China during the first half of 2017. Over 170 MW of the projects will supply power to the utility grid under the Feed-in-Tariff of RMB 0.98/kWh. Xianshou Li, Chairman and […] Read more
