Suzlon Q4 FY23: Positive Net Worth After a Decade at INR 1,099 cr, 80% YoY Slide in Current Net Debt Updated On Wed, May 31st, 2023 by Saurenergy Renewable energy solutions provider Suzlon has released its fourth quarter (Q4 FY23) and annual audited results for financial year 2022‐23 (FY23). The firm has reported its revenue at INR 5,947 crores for FY23. For Q4 FY23, the number has been pegged at INR 1,690 crores. As for its EBITDA margins, it stands at 14% with […] Read more
MNRE Clarifies No Plan To Cut Import Duty On Solar Panels Updated On Wed, May 31st, 2023 by Saurenergy Following news reports that the government plans to cut import duty on solar panels, the Ministry of New and Renewable Energy (MNRE) has seen it fit to clarify that no such plans are in the offing. The news reports, carried by news agency Reuters as well as many Indian news outlets, had claimed that the […] Read more
Natixis CIB Closes $364m Financing For Chilean Solar Projects Updated On Wed, May 31st, 2023 by Saurenergy Natixis Corporate & Investment Banking (Natixis CIB) has closed a $364 million financing for a portfolio of a solar PV utility-scale and PMGD plants in Chile. These solar projects are owned and operated by Solek Holding and the portfolio has a combined capacity of about 284-MWdc. Natixis CIB acted as sole debt structuring advisor for […] Read more
TrinaTracker Bags 510 MW Solar Tracker Order for Uzbekistan Solar Projects Updated On Wed, May 31st, 2023 by Saurenergy Smart solar tracker solution provider, TrinaTracker has announced that it has signed an agreement with Dongfang Electric International Corporation (DEC International) to provide 510 MW solar trackers for solar power projects in Uzbekistan. TrinaTracker is owned by Trina Solar. The contract signing ceremony was held during the SNEC PV Power Expo in Shanghai. According to […] Read more
Regional Programmes Head SIDS (P3) Updated On Tue, May 30th, 2023 by Saurenergy Reporting to the Chief of Unit Programmes & Project Implementation or a designated officer, you will identify strategic program and project implementation opportunities for ISA in this sector (within SIDS). You will lead the identification, building, and establishment of partnerships, the preparation of funding proposals, organize and participate in meetings and workshops, and support the […] Read more
India’s Solar O&M Market: A tale of increased domination of new evolving technologies Updated On Tue, May 30th, 2023 by Saurenergy If you track the Indian solar sector or are a regular SaurEnergy reader, you might remember the increasing frequency of news reports on the topic of robotic cleaning of solar panels. Be it Ecoppia, Airtouch (incidentally, both are Israeli firms), or the domestic Skilancer Solar and many more, robotic cleaning has created a disruption in […] Read more
FORVIA Signs PPA With RPC For 417 GWh Wind Power In Europe Updated On Tue, May 30th, 2023 by Saurenergy French automotive supplier Faurecia, owned by FORVIA, has announced that it has signed a ten-year Power Purchase Agreement (PPA) with clean energy major Renewable Power Capital in a bid to further its efforts for decarbonisation. This deal is securing almost all the output from the 417 GWh, 24 wind turbine, Klevberget onshore farm in Sweden. […] Read more
Ørsted To Acquire US Offshore Wind Seabed For $625 Million Updated On Tue, May 30th, 2023 by Saurenergy Danish RE major Ørsted has agreed to acquire 50% interest from Eversource Energy in the uncontracted federal offshore wind lease area currently owned jointly by the two companies against a consideration price of $625 million. In addition to the seabed, which is in early-stage development, the agreement also includes contracts and partnerships for key operational […] Read more
Jaipur Vidyut Vitran Nigam Issues Tender for 347 MW Solar Projects Under PM-KUSUM Updated On Mon, May 29th, 2023 by Saurenergy Jaipur Vidyut Vitran Nigam Limited (JVVNL) has issued a tender for 347 MW of solar projects under PM KUSUM (Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan) Program. The project will be developed under RESCO Model. The last date for submission of bids is June 16, 2023. The successful bidder will look into the installation […] Read more
