Ares EIF to Buy Majority Stake in Conti Solar Updated On Wed, Apr 18th, 2018 by Saurenergy Conti Solar has received strategic investment from a fund managed by Ares EIF, the power and energy infrastructure strategy in the Private Equity Group at Ares Management. Private Equity firm Ares EIF has acquired majority ownership stake in Conti Solar, previously a wholly-owned subsidiary of The Conti Group. Further, Conti Solar has received strategic investment […] Read more
Rajasthan to Add 3,780 MW Solar Capacity by April Next Year Updated On Wed, Apr 18th, 2018 by Saurenergy “The current solar power generation is contributing 10 percent to the total power consumption in the state and we are targeting to increase it to 17 percent by 2021.” In order to achieve the goal of 7000 MW clean energy capacity in next four years in Rajasthan, the government has already assigned 20 projects of […] Read more
US DOE to Pump $105.5 mn to Advance Solar Technologies Updated On Wed, Apr 18th, 2018 by Saurenergy The US Secretary of Energy Rick Perry had announced this major funding opportunity to advance solar technologies and improve and expand the solar workforce. The United States Department of Energy (US DOE) will disburse up to USD 105.5 million in new funding to support innovative solar research. The US Secretary of Energy Rick Perry had announced this major […] Read more
Canadian Solar Sells Brazil’s Guimarania Project to Global Power Generation Updated On Wed, Apr 18th, 2018 by Saurenergy The project, located in the state of Minas Gerais in Brazil, is under construction and expected to reach commercial operation in the fourth quarter of 2018. Solar PV modules maker Canadian Solar has sold its interest in the 80.6 MWp Guimarania solar energy project in Brazil to Spanish firm Gas Natural Fenosa’s arm Global Power Generation. The project, […] Read more
India’s Solar Capacity Addition Likely to Drop by 40 Percent in 2018-19: ICRA Updated On Tue, Apr 17th, 2018 by Saurenergy Between April 2017 to February 2018 the country has added around 7.2 Gw solar capacity to its kitty. It is highly likely that India’s solar power capacity addition will drop by 40 per cent to a range between 4 Gigawatt (GW) and 4.5 Gw in the 2018-19, thanks to the recent slowdown in the tendering and project […] Read more
UK Joins International Solar Alliance Updated On Tue, Apr 17th, 2018 by Saurenergy The formal announcement from the country came at the event held at the London Stock Exchange as part of the Commonwealth Heads of Government Meeting 2018 (CHOGM). The United Kingdom on 16th April 2018 became 62nd member of India led International Solar Alliance (ISA). UK cemented the membership with ISA to provide affordable and sustainable energy for all […] Read more
International Solar Alliance: A Rollercoaster Ride for Indian Solar Updated On Mon, Apr 16th, 2018 by Saurenergy Indian solar sector witnesses sharp momentum in the past four years under the leadership of Prime Minister Narendra Modi. In 2014, when he took office, India had 3 GW of solar power, which now turned to nearly seven-times of that, or 20 GW, by the end of FY18. India’s efforts towards solar sector came into […] Read more
UP Discoms May Buy Solar Power from Rajasthan Updated On Sat, Apr 14th, 2018 by Saurenergy There is an expectation of about 1500 MW power generation in coming months from Bhadla solar park. The power distribution companies of Uttar Pradesh likely to purchase solar power from Rajasthan, as the government in Rajasthan is adding to its capacity of solar power and will sell surplus power to the neighbouring state. There is […] Read more
GVMC Kicks off Construction of 2MW Floating Solar Farm at Mudarsarlova Reservoir Updated On Fri, Apr 13th, 2018 by Saurenergy The reservoir, which is one of the oldest parks in Coastal Andhra, provides around one million gallons of drinking water per day to Visakhapatnam. The Greater Visakhapatnam Municipal Corporation (GVMC) has kick-started the construction of a 2MW floating solar farm at Mudarsarlova reservoir in Andhra Pradesh. The reservoir, which is one of the oldest parks in Coastal Andhra, provides around one […] Read more
