SPI Energy acquires 50% equity interest in two solar projects from Japan-based EastAsia Group Updated On Sat, Dec 17th, 2016 by Saurenergy SPI Energy has acquired 50% equity interest in two solar projects currently under construction with combined capacity of 3.98 MW, from Japan-based EastAsia Group Co., Ltd. The Projects are located approximately 50 kilometers east of Tokyo in Chiba Prefecture and each with capacity of 1.99 MW, are currently under construction. The Projects are under certain […] Read more
Trina Solar Announces Shareholders Vote to Approve Going-Private Transaction Updated On Sat, Dec 17th, 2016 by Saurenergy Trina Solar Limited has announced that the Company’s shareholders voted in favor of, among others, the proposal to authorize and approve (i) the previously announced agreement and plan of merger (the “Merger Agreement”) dated August 1, 2016 by and among Fortune Solar Holdings Limited (“Parent”), Red Viburnum Company Limited (“Merger Sub”) and the Company, pursuant […] Read more
US-India Clean Energy Finance (USICEF) Initiative launched to expand access to distributed clean energy projects Updated On Sat, Dec 17th, 2016 by Saurenergy Minister of State for Power, Coal & New and Renewable Energy and Mines, Piyush Goyal and US envoy Richard Verma on Friday launched US-India Clean Energy Finance (USICEF) Initiative. The U.S.-India Clean Energy Finance facility (“USICEF”) would support project preparation activities for distributed solar projects in order to unlock OPIC financing and mobilize public and private capital to expand access […] Read more
Launch scheme to provide jobs through solar project: Parliamentary panel Updated On Fri, Dec 16th, 2016 by Saurenergy A Parliamentary panel has asked the government to launch a scheme to set up solar power projects through qualified unemployed or under-employed youth, as assured by it on the floor of the House. “The implementation of the Assurance given in reply to unstarred question 1778 on March 5, 2015 regarding solar projects is of paramount […] Read more
Fitch assigns BBB- to IREDA’s issuer default ratings Updated On Fri, Dec 16th, 2016 by Saurenergy Fitch Ratings today said it has assigned BBB- to long-term foreign and local currency issuer default ratings on Indian Renewable Energy Development Agency with a stable outlook. “Fitch Ratings has assigned Indian Renewable Energy Development Agency Ltds (IREDA) long-term foreign and local currency Issuer Default Ratings (IDR) of BBB- and short-term IDR of F3. The […] Read more
MNRE Suspends New Applications for Channel Partner, Channel Partner and Govt. Agencies temporarily Updated On Fri, Dec 16th, 2016 by Saurenergy Ministry of New and Renewable Energy (MNRE) has announced that it has decided to suspend the process of empanelment of New Channel Partner, Channel Partner (New Entrepreneur) and Govt. Agencies temporarily. The new empanelment process will open in the calendar year 2017. As of now there is no info on the reason behind the suspension […] Read more
Meyer Burger announces 99.9% of the subscription rights have been exercised by the end of the rights exercise period Updated On Fri, Dec 16th, 2016 by Saurenergy Meyer Burger Technology has announced that 99.9% of the subscription rights have been exercised by the end of the rights exercise period on 15 December 2016. A total of 456,851,800 new registered shares had been offered. Existing shareholders were offered to subscribe for five new registered shares at an offer price of CHF 0.36 per […] Read more
Vikram Solar appoints Nimish Jain, Jinko Solar’s Deputy Director APAC as Head of Global Module Sales Updated On Fri, Dec 16th, 2016 by Saurenergy Vikram Solar has announced the appointment of its new Head of Global Module Sales- Nimish Jain. In the given role, Nimish would be responsible for driving sales in both domestic and international markets. He would also supervise the accomplishments of targets and P&L of the year, along with recruiting and managing the sales team. Talking […] Read more
10 Indian states accounting for approximately 90 percent of all solar installations and pipeline: Mercom Capital Updated On Fri, Dec 16th, 2016 by Saurenergy Mercom Capital in its recent report has revealed that top 10 states in the country accounting for approximately 90 percent of all solar installations and pipeline. According to the research firm as of December 2016India has a total installed large-scale solar capacity of 9,018 MW and a solar pipeline of 14,030 MW. The top 10 […] Read more
