Solar ITC Extends at 26% For Two More Years, Included in US COVID Relief Pkg Updated On Thu, Dec 24th, 2020 by Saurenergy The Solar Investment Tax Credit (ITC) has been extended at 26 percent for two more years. The ITC for solar systems as well as new funding for energy storage research has been included in the US COVID-19 relief package, the Congress approved. USD 1.4 trillion federal spending package alongside a USD 900 billion COVID-19 virus […] Read more
Terra-Gen and Mortenson Will Build Solar-Plus-Storage Project Updated On Thu, Dec 24th, 2020 by Saurenergy New York-based renewable energy developer Terra-Gen has collaborated with construction firm Mortenson to build what they claim is the world’s largest standalone solar-plus-storage project to date. The Edwards & Sanborn energy project consists of 1,118 MW of solar and 2,165 MWh of energy storage in Kern County, which has become California’s unofficial large-scale solar capital […] Read more
Hannon Armstrong Invests in 1.6 GW Renewable Energy Portfolio of Clearway Energy Updated On Thu, Dec 24th, 2020 by Saurenergy Hannon Armstrong Sustainable Infrastructure Capital, a leading investor in climate solutions, today announced a preferred equity investment in an approximately 1.6 gigawatt (GW) onshore wind and utility-scale solar portfolio developed and managed by Clearway Energy Group, one of the largest developers and operators of clean energy in the United States with a pipeline of 9 […] Read more
Siemens Gamesa Strikes 465 MW Deal in Brazil for its 5.X Turbine Platform Updated On Thu, Dec 24th, 2020 by Saurenergy Siemens Gamesa has signed a record order for its sector-leading Siemens Gamesa 5.X platform in a 465 MW deal with a leader in alternative asset management in Latin America, Patria Investments, to supply the São Vitor wind farm in the northeast of the country. The wind farm will be equipped with 75 Siemens Gamesa 5.8-170 […] Read more
Masdar Achieves Financial Close on 100 MW Solar Project in Uzbekistan Updated On Thu, Dec 24th, 2020 by Saurenergy Masdar has announced the financial close of the 100 MW Nur Navoi Solar Project – Uzbekistan’s first successfully-financed independent power producer (IPP) solar project. The Nur Navoi Solar Project was awarded to Masdar last year under the WBG’s Scaling Solar program, with Masdar tendering the lowest tariff in a competitive auction. In November 2019, Masdar […] Read more
Vestas Bags Wind Orders Worth 500 MW in Brazil and USA Updated On Thu, Dec 24th, 2020 by Saurenergy Global wind energy major Vestas has announced that it has secured two orders for almost 500 MW of wind energy projects in Brazil and USA. In Brazil, the firm has signed a new agreement with Casa dos Ventos for the 360 MW Babilônia project, located in the cities of Morro do Chapéu and Várzea Nova, […] Read more
SECI Closes 1.2 GW Hybrid Tender Issued in January, Lowest Bid at Rs 2.41/kWh Updated On Thu, Dec 24th, 2020 by Saurenergy SECI has finally closed its tender for setting up of a 1.2 GW hybrid projects in India with 3 firms submitting the lowest bid of Rs 2.41/kWh The Solar Energy Corporation of India (SECI) has finally closed its tender for setting up of a 1.2 GW ISTS-Connected solar-wind hybrid power projects in India under Tranche-III. […] Read more
Asia to Remain ‘Mother of Batteries’, Producing 1 TWh pa by 2025: Rystad Updated On Thu, Dec 24th, 2020 by Saurenergy In its monthly energy transition report, Rystad Energy has found that Asia, is, and will remain the mother of batteries over the coming decade. The report details that the world’s current total battery cell production capacity is about to exit 2020 at around 617 gigawatt-hours (GWh) per year. Most of this capacity, 516 GWh, comes […] Read more
PLN has ‘Green Ambition’ but is Short on Renewable Energy Credibility: IEEFA Updated On Thu, Dec 24th, 2020 by Saurenergy IEEFA finds that PLN must be prepared for a much higher level of scrutiny when the company launches its debut green and/or sustainable bonds. Indonesian state-owned electricity company PT Perusahaan Listrik Negara (PLN) is preparing to issue a “green and/or sustainable financing” instrument as early as January 2021 following the publication of its Statement of Intent […] Read more
