Budget 2017-18 proposes Reduction in Customs and Excise for Renewable Energy Sector Updated On Wed, Feb 1st, 2017 by Saurenergy In a bid to incentivize domestic value addition under Make in India initiative of the Government, the Finance Minister has proposed to reduce Customs and Excise duties on several items related to the Renewable Energy Sector The Union Minister for Finance and Corporate Affairs, Arun Jaitley while presenting the General Budget 2017-18 in Parliament today […] Read more
MNRE asks States to Prepare Conducive Policies for Renewable Energy Updated On Fri, Jan 27th, 2017 by Saurenergy MNRE Secretary Rajeev Kapoor suggests on preparing Conducive Policies for Renewable Energy Ministry of New and Renewable Energy Secretary Rajeev Kapoor has called upon state governments to prepare a conducive policy regime for the renewable sector. Speaking at the concluding session of National Review Meeting with state government officials, he emphasized on the need to […] Read more
Gujarat DISCOMs Fail to Meet Purchase Target for Renewable Energy Updated On Tue, Jan 24th, 2017 by Saurenergy GUVNL DISCOMs fails to meet purchase target of renewable energy sources. Gujarat Urja Vikas Nigam Ltd (GUVNL) affiliated four distribution companies (DISCOMs) fell short of purchasing required renewable energy in 2015-16 on account of low supply of power from wind and other renewable energy sources. Under the Renewable Purchase Obligation (RPO), a distribution company is […] Read more
Puducherry CM seems keen on Adoption of Innovative Renewable Energy Production Sources Updated On Sat, Jan 21st, 2017 by Saurenergy Puducherry to adopt Innovative Renewable Energy to enhance saving of energy and green environment. Puducherry Chief Minister V.Narayanasamy has said that the territorial administration was keen on conservation of energy and also adoption of innovative renewable energy production sources such as solar energy so that a green environment could be achieved for the people’s advantage. […] Read more
Saudi Arabia to Launch Multi-billion Renewable Energy Schemes Updated On Fri, Jan 20th, 2017 by Saurenergy World’s largest oil exporter vies to diversify its focus to Renewable Energy Saudi Arabia is set to launch a renewable energy programme worth up to $50 billion, as the world’s largest oil exporter vies to diversify its economy, its energy minister stated. “This is the first time we talk about the specific programme,” minister Khaled […] Read more
Renewable Energy and Automation Specialist Schneider Electric acquires Renewable Choice Energy Updated On Fri, Jan 20th, 2017 by Saurenergy Acquisition will provide clients with unparalleled access to new renewable energy opportunities around the globe Schneider Electric, the global specialist in energy management and automation, has announced the acquisition of Renewable Choice Energy, a leader in helping commercial, industrial, and institutional clients navigate their renewable energy purchasing options. Already recognized as one of the world’s […] Read more
Ministry of Commerce & Industry releases Make in India New and Renewable Energy Sector – Achievement Report Updated On Thu, Jan 19th, 2017 by Saurenergy The New & Renewable Energy sector has witnessed the highest ever-solar power and wind power capacity addition over the last two years since April 2014. The Government has set a target of 175 GW of renewable energy capacity by end of 2022, making it the largest expansion in the world and providing plenty of opportunities […] 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
Tata Power Become Largest Renewable Energy Company In India with 3,060 MW operating capacity Updated On Tue, Jan 17th, 2017 by Saurenergy The company is also in the process of implementing nearly 500 MW of renewable power projects at various locations. Tata Power announced that the Company’s total generation from non-fossil operating capacity stands at 3060 MW, making it the largest renewable energy Company in India. The company’s renewable energy portfolio comprises of 693 MW of Hydro, […] Read more
