IRENA and AfDB to Scale up Renewable Investments in Africa Updated On Wed, Dec 9th, 2020 by Saurenergy IRENA and AfDB have agreed to work together to advance energy transition through initiatives that support renewable investments in Africa The International Renewable Energy Agency (IRENA), and the African Development Bank (AfDB), have agreed to work closely together to advance the energy transition in Africa through joint initiatives that support investments in low-carbon energy projects. […] Read more
JinkoSolar Squeezes out Growth on Higher Shipments in Third Quarter of 2020 Updated On Tue, Dec 8th, 2020 by Saurenergy Chinese solar panel manufacturing major JinkoSolar has announced its third-quarter 2020 financial results on 7th December 2020. Financial Results: The company had total revenue of RMB 8.77 billion (USD 1.29 billion), an increase of 3.8% from RMB 8.45 billion and 17.2% from RMB7.48 billion from the second quarter of 2020 and the third quarter of […] Read more
Senvion Enters Agreement to Sell 100% of its Indian Operations Updated On Fri, Dec 4th, 2020 by Saurenergy Senvion GmbH has entered into contractual agreements for the sale of 100 percent of its Indian operations i.e. Senvion India Senvion GmbH has announced that it has entered into contractual agreements for the sale of 100 percent of its Indian operations i.e. Senvion India on December 1, 2020. Senvion had previously ring-fenced the Senvion India […] Read more
Ørsted Appeals Against Danish Tax Agency Decision on 2 Offshore Wind Farms in the UK Updated On Thu, Dec 3rd, 2020 by Saurenergy Today, Ørsted received an administrative decision from the Danish Tax Agency requiring Danish taxation of the company’s British offshore wind farms Walney Extension and Hornsea 1 in the tax years 2015 and 2016. The Danish Tax Agency’s claim amounts to DKK 5.1 billion, plus interest amounting to DKK 1.5 billion. According to the decision, Ørsted is to […] Read more
ADM Capital Launches Emerging Asia Renewable Energy Debt Fund Updated On Wed, Dec 2nd, 2020 by Saurenergy ADM Capital has received a USD 100 million seed commitment from AIIB to launch a new Asia-focused debt fund dedicated to renewable energy Hong Kong-headquartered investment manager with specialist experience in Asia Pacific credit and sustainable investment – ADM Capital has announced that it has received a USD 100 million seed commitment from the Asian […] Read more
Vestas Launches Venture Investment Programme to Accelerate Innovation Within Sustainable Energy Solutions Updated On Thu, Nov 26th, 2020 by Saurenergy Driving on from its success in the wind energy segment, global wind energy major Vestas has announced that to accelerate the deployment of sustainable energy, the electrification of societies and unlock new growth opportunities, it is now launching a new venture investment programme entitled Vestas Ventures. “We want to combine Vestas’ 40 years of experience in pioneering […] Read more
ADB Grants $600 Mn Loan to Indonesia’s PLN to Promote Renewable Energy Updated On Wed, Nov 25th, 2020 by Saurenergy ADB has approved a USD 600 million loan to help PLN, Indonesia’s state-owned power company, expand electricity access and promote renewable energy in eastern Indonesia. The Asian Development Bank (ADB) has approved a USD 600 million loan to help the State Electricity Corporation (PLN), Indonesia’s state-owned power company, expand electricity access and promote renewable energy […] Read more
Biotech Major Biocon Takes 26% Stake in Hinduja Renewables Two Updated On Tue, Nov 24th, 2020 by Saurenergy Bengaluru-based biotechnology major Biocon has entered into an agreement for the acquisition of a 26 percent equity stake in Hinduja Renewables Two. Bengaluru-based biotechnology major Biocon has announced that it has entered into an agreement on November 21, 2020, for the acquisition of a 26 percent equity stake on a fully diluted basis in Hinduja […] Read more
Canadian Solar Records Big Growth in Module Shipments, Profit in Q3 Updated On Fri, Nov 20th, 2020 by Saurenergy Canadian Solar has reported big growth in all key business segments including growth in Module Shipments, Module Manufacturing capacity, etc in Q3. Canadian Solar, one of the largest solar module manufacturers and project developers has reported its financial results for the 3rd quarter (Q3) of the financial year. The firm has reported big growth in […] Read more
