Maldives Steps Up Renewable Adoption With 5 MW Solar Tender Updated On Mon, Feb 25th, 2019 by Saurenergy The 5MW solar system will be developed under design, build, finance, own, operate, and transfer basis. The Government of the Republic of Maldives is implementing the “Accelerating Sustainable Private Investment in Renewable Energy (ASPIRE)” Project and has invited bids from investors for installation of 5MW Grid-connected Solar PV Power System in the Greater Malé Region […] Read more
KfW & FMO backed 50.4 MW Wind Project in Argentina Achieves Financial Closing Updated On Mon, Feb 25th, 2019 by Saurenergy The USD138 million project is being financed by KfW IPEX-Bank and the Dutch development bank (FMO). Total Eren, a leading renewable energy Independent Power Producer (“IPP”) based in Paris, has announced the successful closing of the financing of its 50.4 MW “Malaspina” wind project in southern Argentina. The USD138 million project is being financed by […] Read more
ACWA Power Joins Hand with Huawei to Develop Global PV Market Updated On Mon, Feb 25th, 2019 by Saurenergy As per the agreement, the two sides will work together to develop global PV market and apply the cutting-edge technologies such as artificial intelligence, big data, and cloud computing to PV plant projects to promote industry progress with technological innovation. Saudi Arabia’s leading developer and operator of power and desalination water plant, ACWA Power has […] Read more
European Offshore Wind Capacity Grew By 18% in 2018 Updated On Sat, Feb 23rd, 2019 by Saurenergy Europe installed 2.6 GW of new offshore wind energy capacity in 2018, according to statistics released by WindEurope. That’s an 18% increase in Europe’s offshore wind capacity. Europe now has 105 offshore wind farms across 11 countries with a total capacity of 18.5 GW. This is around 10% of the total installed wind energy capacity […] Read more
Three Wind Energy Projects in Bolivia Begin Construction Updated On Fri, Feb 22nd, 2019 by Saurenergy The preliminary work on the wind farm project and the design of the wind turbines are expected to begin in the next 90 days. Bolivian President Evo Morales announced the construction of three wind power plants this year, following the signing of a Supreme Decree that authorizes the credit agreement with the Danish Agency for […] Read more
Wind Now Provides 14% of Europe’s Electricity Updated On Fri, Feb 22nd, 2019 by Saurenergy Wind energy provided 14% of the EU’s electricity last year, up from 12% in 2017, according to statistics released by WindEurope. Wind power capacity rose in Europe by 11.3 GW in 2018. Continued growth in capacity and the use of more powerful turbines are helping to drive up wind’s share in the electricity mix. Denmark […] Read more
New Solar Power Program to Help Electrify Rural Communities in Afghanistan Updated On Thu, Feb 21st, 2019 by Saurenergy The initiative is designed to provide electricity to some of the nearly 20 million Afghans who are not connected to the national power grid. IFC, a member of the World Bank Group, has launched a pioneering program to supply small-scale solar power systems to homeowners across Afghanistan. The pilot program will see the introduction of […] Read more
World Bank’s IFC to Invest $75 Mn in AC Energy’s Green Bond Updated On Thu, Feb 21st, 2019 by Saurenergy The proceeds from the AC Energy green bonds will be used to finance the company’s plans for up to 5GW of renewable energy projects in East Asia and Pacific. IFC, a member of the World Bank Group, will invest $75 million in the first-ever listed green bond issued by AC Energy Finance International Limited and […] Read more
SolarEdge Q4 Revenue Jumps 39% to $263.7 Mn Updated On Thu, Feb 21st, 2019 by Saurenergy However, the company’s net income dropped 34% in Q4 at USD 12.9 million, from USD 19.5 million in the same period a year ago. Israel-based inverter solutions provider SolarEdge Technologies has reported a significant growth of 39 percent in its total revenue at USD 263.7 million during the fourth quarter of FY 2018, as against USD […] Read more
