European Alliance Eyes €6 Bn Investment in EV Batteries Updated On Fri, May 3rd, 2019 by Saurenergy Political leaders across the European Union have long called for a coordinated effort for home-made batteries that would free carmakers from having to rely on Chinese batteries as the industry shifts away from combustion engines. European governments and companies will form an alliance for developing next-generation batteries for electric vehicles, investing between five and six billion euros in […] Read more
Siemens Wins Race to Rebuild and Modernise Iraq’s Electricity Grid Updated On Wed, May 1st, 2019 by Saurenergy Within the implementation agreement, the parties also agreed on the award of contracts valued at approximately 700 million euros for Phase 1 of the Roadmap. German Industrial Conglomerate Siemens has beaten US-based General Electric to rebuild and modernise Iraq’s electricity grid. The German firm has signed an agreement with the Ministry of Electricity paving way […] Read more
JinkoSolar Expanding New Mono Wafer Production Capacity of 5 GW in China Updated On Tue, Apr 30th, 2019 by Saurenergy JinkoSolar, one of the leading solar module manufacturers based out of China, has announced today that it is expanding its high-efficiency mono wafer production capacity in China. JinkoSolar distributes its solar products and sells its solutions and services to a diversified international utility, commercial and residential customer base in China, the United States, Japan, Germany, […] Read more
Europe’s Solar Resurgence is on the Horizon: Report Updated On Tue, Apr 30th, 2019 by Saurenergy A new report has revealed that the European solar market is undergoing a resurgence with more than 10 gigawatts (GW) installed in 2018, marking a five year high. Wood Mackenzie’s ‘Global solar PV market outlook update: Q1 2019’ predicts that based on this growing trend of more and more solar installations the continent should break […] Read more
Suzlon Retains Top Position Among Wind Equipment Manufacturers in India Updated On Mon, Apr 29th, 2019 by Saurenergy Like in the previous year, in 2017-18 too, Suzlon became the leading original equipment manufacturer (OEM) in India. Among the wind equipment manufacturers in India, Suzlon installed the most in FY 2018-19 with 581 MW, followed by Denmark based wind energy company Vestas with 492 MW, while Siemens Gamesa installed about 261 MW, according to […] Read more
Interview with Sanjeev Dakshini, Chairman, Raydean Industries Updated On Fri, Apr 26th, 2019 by Saurenergy Albeit India has seen significant growth in solar industry but as a contributor we feel that lack of application oriented approach and low government support to indigenous technological advancements are major hindrances in matching the potential today, believes Sanjeev Dakshini, Chairman, Raydean Industries, the Jaipur-headquartered solar module mounting structures (MMS) manufacturer. In conversation with Manu […] Read more
Interview with Eric Zhang, Sales Director Asia, Ginlong (Solis) Technologies Co. Ltd Updated On Fri, Apr 26th, 2019 by Saurenergy We see EV segment linked with the solar co-generation as better project realization factor. Our grid tied and hybrid storage inverters has potential to make the EV charging stations financially and operationally more viable. Solar can bridge the gap of 7% extra requirement of electricity with induction of EV ecosystem, believes Eric Zhang, Sales Director […] Read more
Iberdrola Posts First Quarter Profit Increase of 15 Percent Updated On Fri, Apr 26th, 2019 by Saurenergy The group is moving forward with 4,100 new MW of capacity scheduled for 2019, which will increase annual production by 13%, and another 8,800 MW between 2020 and 2022. Spanish public multinational electric utility company, Iberdrola recently issued its first quarter financial results. Obtaining a net profit of €963.9 million in the first three months, […] Read more
Senvion Signs EUR 100 Mn Loan Agreement to Avoid Bankruptcy Updated On Mon, Apr 22nd, 2019 by Saurenergy The DIP facility enables Senvion to continue its business operations following last week’s self-administration filing. Germany-based Senvion, a leading global manufacturer of onshore and offshore wind turbines and its lenders and main bondholders have signed a binding loan agreement, setting forth terms for a EUR 100m debtor-in-possession (“DIP”) facility. The DIP facility has received Board […] Read more
