Azure Power Secures $163 Million Investment for 300 MW Solar Project Updated On Fri, Jul 2nd, 2021 by Saurenergy NYSE listed Azure Power, has secured a USD 163 million investment led by Tokyo-headquartered Mitsubishi UFJ Financial Group (MUFG). This investment is five-year syndicated financing for a 300 MW solar plant to be developed in Rajasthan. With this, Azure follows Adani Green energy in getting MUFG on board. MUFG is the third renewables project financing […] Read more
Soltec Nets Statkraft Deal For 234 MW Solar Projects in Spain Updated On Wed, Jun 30th, 2021 by Saurenergy The Spanish manufacturer and supplier of solar trackers, Soltec has agreed to terms with Europe’s renewable energy company Statkraft for the development of four solar projects in Cadiz in southern Spain with a total capacity of 234 MW. According to the firms, four projects being constructed this year and expected to generate 500GWh of clean […] Read more
Sri Lanka To Purchase 75% Equipment from India For India-funded Projects Updated On Mon, Jun 21st, 2021 by Saurenergy Recently, we reported that India extended a USD 100 million Line of Credit (LOC) to Sri Lanka for various solar energy projects. Now, for those solar projects, Sri Lanka will purchase the equipment and materials from India itself. That USD 100 million LOC is a 15-year loan of a fixed rate of 1.75% and that […] Read more
ICRA Places 4 GW Projects At Risk Of Escalations Due To Higher Import Costs Updated On Thu, Jun 17th, 2021 by Saurenergy The hiked prices of imported solar PV modules by nearly 15-20% over the last 4-5 months, may impact the returns of solar power project developers. According to a recent release by the independent rating agency ICRA, the price rise in imported solar modules has been mainly caused due to anincrease in the price of polysilicon, […] Read more
NTPC Tenders For 4MW Ground-mounted Solar Plus BESS System at NETRA Updated On Tue, Jun 15th, 2021 by Saurenergy As announced in our earlier article, NTPC is looking to further strengthen its footprint in the green and clean fuel sector. The company has issued a tender for the installation of a 4 MW ground-mounted solar project with a 1 MW/1 MWh battery energy storage system (BESS) and induction-based cooking system at its NTPC Energy […] Read more
Solar Alliance Signs Agreement for First U.S. Operating Asset Updated On Thu, May 27th, 2021 by Saurenergy Recurring revenue over 30-year project life in New York State seen as “significant catalyst” for U.S. growth plans Solar Alliance Energy Inc. is pleased to announce it has signed a binding Letter of Intent (the “Agreement”) with Abundant Solar Power Inc. (“Abundant”) to build, own and operate a 350 kilowatt (“kW”) solar project in New […] Read more
Hecate Energy Begins Construction Work on Solar Projects Worth 600 MW Updated On Mon, May 24th, 2021 by Saurenergy Hecate Energy announced today that construction has commenced on two solar projects totaling 600 megawatts. In Falls County, Texas, Hecate developed the solar and battery storage project, Roseland Solar, from inception and transferred it to the North American subsidiary of a European utility in March. In Highland County, Ohio, Hecate developed the New Market Solar project and transferred […] Read more
CS Energy Builds Over 100 Megawatts of Solar Projects in Rhode Island Updated On Thu, May 20th, 2021 by Saurenergy Leading EPC announces continued large-scale project growth in the Northeast CS Energy, a leading integrated energy firm that designs and builds optimized projects in the solar, storage, and emerging energy industries, has announced its continued growth in the Northeast by providing full turnkey EPC services for the largest portfolio of distributed generation solar projects to […] Read more
Generate Announces Unique Partnership With Starbucks to Supply Clean Energy Updated On Fri, May 14th, 2021 by Saurenergy Projects to Expand Access to Clean Energy for Starbucks stores and up to 24,000 Households, Small Businesses, Churches, Non-Profits and Universities Generate, a leading provider of sustainable infrastructure, announced today that it has put the first six of up to 23 New York State community solar projects into service under an innovative multi-year facility with Starbucks […] Read more
