Aker, Hanwha, REC to Explore US Solar Value Chain Expansion Updated On Thu, Nov 18th, 2021 by Saurenergy Aker Horizons ASA’s wholly owned subsidiary Aker Horizons Holding AS has entered into an agreement with South Korea’s Hanwha Solutions Corporation and REC Silicon ASA. Hanwha Solutions will acquire 21,891,275 shares in REC Silicon from Aker Horizons and will subscribe for 48,213,001 new shares in REC Silicon through a private placement in REC Silicon. Both […] Read more
CERC Favors Mahindra Renewables in Dispute With MPPMCL and DMRC Updated On Mon, Nov 15th, 2021 by Saurenergy The Central Electricity Regulatory Commission (CERC) recently gave a judgement in favour of Mahindra Renewables Private Limited, accepting most of its pleas for compensation from M.P. Power Management Company Limited (MPPMCL) and Delhi Metro Rail Corporation (DMRC) on account of a ‘Change in Law’ event in the power purchase agreement (PPA) executed among the three […] Read more
Norway Will Help Vietnam Uncover its Offshore Wind Power Potential Updated On Mon, Nov 15th, 2021 by Saurenergy Norwegian Ambassador to Vietnam Grete Løchen and Commercial Counsellor Arne-Kjetil Lian recently have handed over the ‘Vietnam Supply Chain Study Report’ to Vietnamese Minister of Industry and Trade Nguyen Hong Dien. The 70-page report provides an overview of the entire supply chain for Vietnam’s offshore wind industry, recommendations on what Vietnam can prioritise to stimulate the […] Read more
Array Technologies Buys STI Norland in $652 million Tracker Deal Updated On Mon, Nov 15th, 2021 by Saurenergy American solar tracker firm Array Technologies is in advanced talks to acquire Spanish tracker manufacturer Soluciones Técnicas Integrales Norland (STI Norland) in a deal valued at around €570 million (US$652 million) in cash (€351 million/US$401 million) and stock. The deal closure is expected by Q1 of 2022. In 2020, STI generated revenues and EBIDTA of […] Read more
October India RE Highlights From MNRE Report For Union Cabinet Updated On Mon, Nov 15th, 2021 by Saurenergy In its monthly summary of key highlights, recently shared for the month of October, the Ministry of Renewable Energy (MNRE) has focused on renewable energy additions, international conferences and important developments in the work of Solar Energy Corporation of India (SECI). The ministry informs that a total of 1522.35 MW of renewable energy (RE) capacity […] Read more
UK To Provide Credit For Turney’s Largest Solar Project Updated On Mon, Nov 15th, 2021 by Saurenergy The UK Export Finance (UKEF) said on Monday it would provide over £217 million ($291.04 million) in export credit for the financial closure and construction of Turkey’s largest solar facility. This will be the largest ever commitment from UKEF for a renewable energy project, indicating the clear shift in priorities underway at European governments post […] Read more
November ALMM List. Total Mfg Capacity of 10.8 GW, Vikram Solar Adds 972 MW Updated On Fri, Nov 12th, 2021 by Saurenergy The Ministry of New and Renewable Energy (MNRE) has released it’s latest updation to the ALMM (Approved List of Module Manufacturers) list and the list continues to grow over the previous release in October. Making an entry with its new Tamil Nadu manufacturing facility is Vikram Solar, with an approved capacity of 972 MW for […] Read more
Project Billing Associate Updated On Thu, Nov 11th, 2021 by Saurenergy Responsible for invoicing of assigned projects and ensures contract terms are followed regarding correct billing rates and schedules. This position works closely with Project Accountants and Project Controls personnel. This position will also answer Project Management questions regarding project billing criteria and invoice drafts. Works under close supervision. Key Responsibilities:- Invoicing:- Generates, audits and distributes draft […] Read more
Decoding The Reliance Gambit In Renewable Energy Updated On Tue, Nov 9th, 2021 by Saurenergy It All Started in 2017 It was on the firm’s 40th anniversary celebrations in 2017 that Mukesh Ambani, Chairman, Reliance Industries first asked the rhetorical question, “Can Reliance become a clean energy company?”. “Why Not?”, he answered it himself at the time, without getting into any further details. Almost three years later, at the firm’s […] Read more
