IREDA reports 5.56% decline in net profit Updated On Mon, May 23rd, 2016 by Saurenergy Indian Renewable Energy Development Agency (IREDA) has reported a 5.56 per cent decline in net profit at Rs 151.49 crore during the six months period that ended on March 31. IREDA in a BSE filing said that the company had a net profit of Rs 160.42 crore in the same period a year ago. The […] Read more
sPower signs a deal with PG&E for three 20 MW solar projects Updated On Fri, May 20th, 2016 by Saurenergy sPower has signed a power purchase agreements (PPAs) with Pacific Gas and Electric (PG&E) for its forthcoming Californian solar projects. The independent power producer, sPower will construct and commission three PV facilities (20 MW each) dubbed Bayshore A, B, and C over the course of 2017 in Lancaster, California. These three solar power plants will […] Read more
Delta introduces M80U Photovoltaic (PV) inverter Updated On Wed, May 18th, 2016 by Saurenergy Delta has introduced M80U Photovoltaic (PV) inverter. The company is touting it as the world’s first wall mount 80kW string inverter. The M80U is a grid-tied, 3-phase and transformerless inverter that converts direct current (DC) output from a photovoltaic system into a utility frequency alternating current (AC) with efficiency of 98.8 percent, allowing it to […] Read more
World Bank approves $750 Million loan to Support India’s Grid Connected Rooftop Solar Program Updated On Tue, May 17th, 2016 by Saurenergy The World Bank Board has approved a $625 million loan to support the Government of India’s grid connected rooftop solar programme to generate clean energy. World Bank has also approved a co-financing loan of $120 million on concessional terms and a $5 million grant from Climate Investment Fund’s (CIF) Clean Technology Fund. The project will […] Read more
SolarCity introduces new set of services for utility and grid operators Updated On Fri, May 6th, 2016 by Saurenergy SolarCity on Thursday introduced a new set of services for utility and grid operators. The new services include installation, financing, and consultation for utility-scale solar and energy storage resource development, beside advanced controls for demand response, distributed energy resources, and aggregated grid services. This move signifies a broadening of SolarCity offerings and strategic orientation. SolarCity launched […] Read more
GE to provide 220-megawatt (MW) LV5 Series solar inverters for DEWA’s solar project Updated On Wed, May 4th, 2016 by Saurenergy GE has confirmed that it will provide 220-megawatt (MW) LV5 Series solar inverters for Dubai Electricity and Water Authority’s (DEWA) solar project in Mohammed bin Rashid Al Maktoum Solar Park. DEWA’s solar project is considered a breakthrough for the solar industry, as the DEWA power purchase contract with ACWA Power had been signed at one […] Read more
SunEdison files voluntary petitions for reorganization under chapter 11 of the U.S Bankruptcy Code Updated On Fri, Apr 22nd, 2016 by Saurenergy SunEdison has announced that it has commenced a process to restructure its balance sheet and position the Company for the future. To facilitate this restructuring, SunEdison and certain of its domestic and international subsidiaries have filed voluntary petitions for reorganization under chapter 11 of the U.S. Bankruptcy Code in the Bankruptcy Court for the Southern District of New […] Read more
Suzlon installs solar powered street lights in Tamil Nadu Updated On Wed, Apr 20th, 2016 by Saurenergy As part of the zero darkness initiative Suzlon Foundation with Association for Integrated Rural Development (AIRD) has installed two solar street lights in each village, Ottanatham and Sangampatti, in Tuticurin district, Tamil Nadu. . The lights were installed in common places where there was complete darkness. The objective of the activity was to promote green […] Read more
TNERC announces new solar power tariff Updated On Fri, Apr 1st, 2016 by Saurenergy The Tamil Nadu Electricity Regulatory Commission (TNERC) has passed comprehensive tariff order on Solar Power which comes into force from 1st April this year. The tariff works out to Rs.5.10 per unit for Solar PV projects and Rs.11.12 per unit for Solar Thermal projects without AD benefit. The AD benefit component of the tariff is […] Read more
