Sungrow Ships 1500V Inverters for 200 MW Nevada Project Updated On Fri, Feb 1st, 2019 by Saurenergy Further, the project is expected to be grid-connected by the end of 2019 and creates hundreds of jobs for the local community. One of the global leading inverter supplier for renewable, Sungrow has recently supplied its 1500V turnkey inverter solutions tailored for North American market to Techren-2. This 200 MW solar project in Nevada marks another […] Read more
Hanergy to Set Up ME’s 1st Thin-Film Solar Park with $1 Bn Investment Updated On Fri, Feb 1st, 2019 by Saurenergy As per the deal, the two companies will collaborate to develop renewable energy manufacturing facilities in Saudi Arabia and conjointly seek relevant investment opportunities. Thin-film solar power solutions giant Hanergy Thin Film Power Group signed an investment cooperation pact with Ajlan & Bros to launch the first solar thin-film industrial park in the Middle East (ME) region. Further, […] Read more
GE Expands Renewable Energy Portfolio Updated On Thu, Jan 31st, 2019 by Saurenergy The proposed moves will enable GE Renewable Energy to drive more local and integrated solutions, simplify its structure, and improve performance. GE has announced that it intends to intensify its focus on the growing renewable energy market by consolidating all of the company’s renewable and grid assets into a single, simplified Renewable Energy business. GE […] Read more
European Companies Set Record For Wind Power Deals Updated On Wed, Jan 30th, 2019 by Saurenergy European companies bought a record amount of wind power last year, as businesses looked for greener ways to drive their machinery and data centres. As wind power becomes competitive on price with conventional energy in many countries, big companies have rushed to secure renewable energy to manage costs and reduce their carbon emissions, while boosting their image with […] Read more
AfDB Approves $25 Mn Fund For Renewable Energy Projects in Africa Updated On Wed, Jan 30th, 2019 by Saurenergy The Fund’s strategy is to prioritize projects with a clear timeline to financial close, with emphasis on de-risking early stage greenfield projects. The African Development Bank Group (AfDB) has approved an equity investment of up to $25 million in ARCH Africa Renewable Power Fund (ARPF), a US$ 250 million private equity fund for renewable energy […] Read more
UAE’s Yellow Door Energy Raises $65 Million Updated On Wed, Jan 30th, 2019 by Saurenergy The investment comes from IFC, Mitsui, Equinor, APICORP and Adenium and will be used to expand distributed solar and energy efficiency solutions into new markets. Yellow Door Energy, a UAE-based leading solar developer, announced that it has raised $65 million in Series A financing to scale its investments in solar energy and energy efficiency solutions […] Read more
China’s CATL To Open German Plant For EV Batteries in 2021 Updated On Tue, Jan 29th, 2019 by Saurenergy CATL already has strategic agreements with carmakers including SAIC Motor Corp, Geely, BMW and Volkswagen. The world’s largest EV battery maker, China’s Contemporary Amperex Technology (CATL) plans to produce 60 GWh of battery storage by 2026 from its battery plant in Germany, its first production site in Europe. The company will focus on next-generation nickel-rich […] Read more
Saudi Arabia Issues Tender for 1.515 GW Solar Capacity Updated On Tue, Jan 29th, 2019 by Saurenergy The deadline for developers to express intention to participate in the procurement exercise is on February 14. Saudi Arabia’s Renewable Energy Project Development Office (REPDO) has issued an expression of interest for the development and construction of seven new solar PV independent power producer (IPP) projects with a combined potential capacity of 1.515 GW. The […] Read more
Poland Aid to LG Chem EV Battery Plant Gets EU Approval Updated On Tue, Jan 29th, 2019 by Saurenergy The investment aid will support LG Chem’s €325 million investment in a new vertically integrated manufacturing plant for the production of lithium-ion batteries in Poland. Poland’s €36 million (Rs 293 crore) investment aid to chemical company LG Chem, a part of one of Korea’s biggest company the LG Corp for a new electric vehicle batteries […] Read more
