Indian IPP ReNew Power Raises $450 Mn via Dollar Bonds Route Updated On Fri, Jan 24th, 2020 by Saurenergy Gurgaon-headquartered renewable energy independent power producer (IPP) ReNew Power has recently raised USD 450 million in funding via issuing dollar bonds. With 7 years of maturity, these dollar bonds were priced at 5.875 percent coupon rate and will be issued in 2 tranches with an average maturity tenure of five-and-a-half years. ReNew Power is among […] Read more
FESCO to Develop Solar plus Storage Project for Maryland’s District 40 Mall Updated On Fri, Jan 24th, 2020 by Saurenergy US based FESCO Energy has inked an exclusive pact with Maryland’s District 40 mall, formally known as Frederick Towne Center Mall located on the Golden Mile, to develop a a microgrid enabled solar-plus-storage project. This sustainable microgrid power generation project will generate electricity of more than 3 MW from solar energy and will be having […] Read more
Nitya Group to Invest Rs 200 Cr in Next 5 Years Updated On Thu, Jan 23rd, 2020 by Saurenergy Encouraged with the government’s vision of Make in India, FMEG and industrial power distribution equipment maker Nitya Electro Controls (NEC) said that it is mulling to invest an amount of about Rs 200 crore within next 5 years. The move is not only expected to generate multiple employment opportunities but also ensure environment protection through […] Read more
ATUM – World’s 1st Integrated Solar Roof Gets IEC CB 2016, UL 61730 Certification Updated On Thu, Jan 23rd, 2020 by Saurenergy Adding another feather in its cap, country’s one of the leading cement roofing sheet maker Visaka Industries said on Thursday that it has successfully passed the solar photovoltaic (PV) module tests for its ATUM product. Illinois-based global safety science company UL has certificated ATUM as per the latest International Electrotechnical Commission (IEC) and UL standards with […] Read more
Sterlite Power Inks Exclusive Pact with Smart Wires to Bring New Technology for Grid Mgmt Updated On Wed, Jan 22nd, 2020 by Saurenergy With an aim to bring new innovative technology for the Indian electricity market for resourceful grid management, global power transmission assets developer Sterlite Power has entered into an exclusive agreement with California-based Smart Wires. The deal enables the power transmission assets developer to offer Indian utilities with modular power flow control solutions that make transmission […] Read more
There is Huge Potential for Cell and Wafer Manufacturing in India: Manish Gupta Updated On Wed, Jan 22nd, 2020 by Saurenergy Indian solar market has an immense potential with an average demand of 10 GW per year. India has set an ambitious plan for solar with a target of 100 GW capacity by 2022. Currently, the wafer production capacity in India is Nil and cell manufacturing capacity is nearly 3.5 GW. Of this only 1.50 GW […] Read more
CIT Secures $200 Mn for Clearway Solar Energy’s 76 MW Portfolio Updated On Wed, Jan 22nd, 2020 by Saurenergy New York Headquartered bank holding company CIT Group’s Power and Energy arm arranged about USD 200 million financing for a 76 MW portfolio of community solar projects. The company said that it has arranged the financing on behalf of Clearway Energy Group, one of the leading developers and operators of clean energy generation facilities in the United […] Read more
Startup Feature – Magenta Power Updated On Wed, Jan 22nd, 2020 by Saurenergy Total employees: 29 Key operational areas (Products, Regions, Clients) It’s key operational area is Mumbai specifically. However, it has marked presence in the major cities in India such as Mumbai, Pune, Bangalore, Baruch, Nashik, Hyderabad and Chandigarh. Under its aggressive expansion plan, the company is aiming to reach pan India in the New Year 2020. […] Read more
Bank of America Meets 100% Renewable Electricity Goal a Yr Ahead Updated On Tue, Jan 21st, 2020 by Saurenergy American lender Bank of America (BoA) on Tuesday said it has met its 100 percent renewable electricity (or carbon neutrality) goal a year ahead of its schedule. However, it is pending to the third-party verification. It was accomplished by reducing Scope 1 and 2 emissions from its facilities, purchasing 100 percent renewable power and buying […] Read more
