Agilitas Energy Acquires Texas Energy Storage Systems Portfolio for $75 Million Updated On Wed, Mar 29th, 2023 by Saurenergy American solar PV and storage conglomerate Agilitas Energy will be acquiring a portfolio of six standalone energy storage system (ESS) projects in the Greater Houston in Texas from Californian player Gulf States Renewable Energy, which is a subsidiary of GSR Energy. The official statement of Agilitas Energy held that the deal value about $75 million […] Read more
IREDA Crosses Highest Annual Loan & Sanction Loan Disbursement for Renewable Energy Projects Updated On Tue, Mar 28th, 2023 by Saurenergy Mini-ratna CPSE Indian Renewable Energy Development Agency Ltd (IREDA) has revealed that it has crossed the highest annual loan disbursement of Rs.16,071 crores (loan disbursement in FY 2021-22) in the history of the firm for the Financial Year 2022-23. IREDA shared that it exceeded the historical mark and touched loan disbursement of Rs. 16,320 crores. […] Read more
Lithuania’s Solitek to Set Up 600 MW Module Assembly Facility in Italy Updated On Tue, Mar 28th, 2023 by Saurenergy Lithuania-based solar PV maker Solitek has announced that the firm will be now expanding its operations in South of Europe with Italy. In a key decision, Solitek will be building a new solar module assembly plant in Benevento. According to reports, Solitek will have a capacity of 600 MW annually. The firm will manage funds […] Read more
We want to expand solar panel manufacturing capacity to 1.2 GW, cell manufacturing to 500 MW: Manish Gupta, Insolation Energy Updated On Tue, Mar 28th, 2023 by Saurenergy Jaipur-based solar panel manufacturing firm, Insolation Energy Ltd (INA Solar) has secured an ECB (External Commercial Borrowing) for USD 2.5 million. The Founder & Chairman of Insolation Energy, Manish Gupta, tells Saur Energy how the funding will give an impetus to the firm. Tell us about the USD 2.5 million subsidised funding that Insolation Energy […] Read more
We are exploring USA, Europe and Africa markets for exports too: Hiten Parekh, CBO, Navitas Solar Updated On Tue, Mar 28th, 2023 by Saurenergy Surat-based solar module manufacturing company, Navitas Solar has onboarded Hiten Parekh as its Chief Business Officer. Parekh’s professional experience includes 24 years spent in both India and abroad in various industries. He has ten years of industry experience in the solar sector. His perseverance in the solar industry, has earned Parekh the reputation of top […] Read more
Southeast Asia Needs US$200bn for Swift Energy Transition by 2030: IEA Updated On Tue, Mar 28th, 2023 by Saurenergy The International Energy Agency (IEA) in its latest report has noted that Southeast Asia will need at least US$200bn worth of investment in the energy sector by 2030 to speed up their clean energy transition. As per reports, the investments in renewables need more impetus with sufficient policies to support the development of robust project […] Read more
Wärtsilä, Eolian Complete 200 MW Standalone ESS in Texas Updated On Tue, Mar 28th, 2023 by Saurenergy Finnish engineering company firm has announced that it has reached commercial operation date (COD) for two major interconnected energy storage systems in South Texas totaling 200 MW and owned by Eolian, a portfolio company of Global Infrastructure Partners. The two ESS projects are called Madero and Ignacio plants that will be operated using Eolian software, […] Read more
EDF Wins 1 GW Offshore Wind Farm Project to be Set Up in Northern France Updated On Mon, Mar 27th, 2023 by Saurenergy French utility EDF has bagged a 1 GW capacity tender aimed at the development of a wind power farm. The 1 GW wind farm is to be established off the coast of Normandy located in northern France. France had revealed that it was developing the offshore project in 2019. This offshore wind farm is part […] Read more
LG Energy Solution (LGES) to Build $5.5bn Battery Plant in Arizona Updated On Mon, Mar 27th, 2023 by Saurenergy LG Energy Solution (LGES) will invest about $ 5.5 billion to construct a battery manufacturing complex in Queen Creek, Arizona. The complex will consist of two manufacturing facilities – one for cylindrical batteries for electric vehicles (EV) and another for lithium iron phosphate (LFP) pouch-type batteries for energy storage systems (ESS). LGES said that this […] Read more
