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Infineon acquires Wolfspeed for USD 850 million

Infineon Technologies has entered into a definitive agreement to acquire the Wolfspeed Power and RF division (“Wolfspeed”) of Cree for USD 850 million. The deal also includes the related SiC wafer substrate business for power and RF power. This acquisition will enable Infineon to provide broadest offering in compound semiconductors, it will also reinforce the […]

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8minutenergy Secures $21 Million USD Letter of Credit Facility from Rabobank

8minutenergy Renewables has secured a $21 million USD letter of credit facility from Rabobank. The purpose of the credit facility is to enable 8minutenergy’s utility-scale solar development activities across North America, including supporting the execution of Power Purchase Agreements and Interconnection Agreements associated with projects in various stages of development. “We are thrilled to be […]

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IRPRI’s 4 Day Residential Training Programme concludes

IPPAI Regulatory & Policy Research Institute, with India Smart Grid Forum (ISGF) organized a four-day residential, training program on “Reducing Power Costs through Optimisation:  A to Z of Power Trading; Mandatory Trading of RECs & ESCerts”.The training program that started on 29th June  concluded today (2nd July) in IRPRI Resort, Belgundi, Belgaum, Karnataka. The course […]

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World Bank announces to provide more than $1 billion for India’s solar project

The World Bank Group has signed an agreement with India led International Solar Alliance (ISA) to work together on increasing solar energy use around the world, with the goal of mobilizing $1 trillion in investments by 2030. The agreement was signed in the presence of Finance Minister Arun Jaitley, Power, Coal, New and Renewable Energy minister Piyush […]

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MNRE collaborates with KfW for floating solar projects in Maharashtra and Kerala

Ministry of New and Renewable Energy (MNRE) in collaboration with Germany-based development bank KfW to set up two floating solar PV plants in the Maharashtra and Kerala. MNRE recently conducted a study to assess the potential of floating solar power in the country. Both the plants are estimated to cost around USD 46.15 million. “The KfW-funded […]

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Solar Ware Samurai 1500VDC photovoltaic inverter achieves UL 1741 safety certification

Toshiba Mitsubishi-Electric Industrial Systems Corporation (TMEIC) has announced that its Solar Ware Samurai 1500VDC photovoltaic inverter has achieved a UL 1741 safety certification. The new inverter is the latest addition to TMEIC’s portfolio of PV utility scale solar inverters for industrial markets. The company in a statement said that its Solar Ware inverters offer the […]

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30 percent of 472 villages electrified this month are off-grid

According to the Rural Electrification Corporation (REC), electrification of 472 villages was completed this month (6june-28june) and about 142 of them got an off-grid connection. Solar PV has remained the most deployed off-grid connection in the country, with total installed capacity of 7.5GW as of May 2016. Nine out of eleven projects sanctioned under renewable […]

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