Canadian Solar Secures AUD65 Million Project Financing for its 47MWp Solar Power Projects in Australia Updated On Tue, May 2nd, 2017 by Saurenergy The 17MW Longreach 30MW Oakey solar power projects in Queensland, Australia are both scheduled to commence construction in May 2017 and reach commercial operation in early 2018. Canadian Solar, one of the world’s largest solar power companies, today announced that it has secured AUD65 million (US$50 million) of non-recourse project financing with a 5-year term […] Read more
Agreements Signed For 120 MW of Solar Power Projects in Nigeria Updated On Tue, May 2nd, 2017 by Saurenergy Afrinegia Nigeria Limited and CT Cosmos Nigeria Limited have inked an agreement for put/call option with the Ministry of Power Works and Housing for 120 MW of Solar Power Projects in Nigeria Two more solar project developers have signed financial risk agreements for utility-scale solar power projects in Nigeria, strengthening the country’s roadmap towards becoming […] Read more
Fotowatio Renewable Ventures Raises $29 Million from IFC to Fund 100 MW Solar Power Projects in Andhra Pradesh Updated On Sat, Apr 29th, 2017 by Saurenergy The Company is building two solar power projects of 50MW each in Andhra Pradesh. The cost of the project is estimated at $119 million which will be funded through a mix of 75 per cent debt and 25 per cent equity. Fotowatio Renewable Ventures (FRV) has raised $29 million (~Rs.1.86 billion) in non-convertible debentures (NCDs) […] Read more
Central Electronics Limited Tenders 3.22 MW of Rooftop Solar Power Project for Northern Railways Updated On Fri, Apr 28th, 2017 by Saurenergy The 3.22 MW rooftop solar power project will be developed under the RESCO model and the project completion timeframe is nine months. Central Electronics Limited (CEL) tendered 3.22 MW of grid-connected rooftop solar to be installed at railway workshops under Northern Railway across Indian states. The bid-submission deadline is May 26, 2017. The CEL stated, […] Read more
Azure Power and Hareon Solar Forms Joint Venture to Develop 118 Mw Solar Power Project in Telangana Updated On Fri, Apr 28th, 2017 by Saurenergy Hareon Power Singapore Limited, the Singapore subsidiary of Hareon Solar will be collobarating with Azure Power to develop 118 MW solar power project in Telangana. Hareon Solar Technology Co., Ltd. will be partnering with Azure Power Global Limited to develop a 118 MW solar power project in India. Hareon will be investing through its Singapore […] Read more
India’s solar capacity addition to remain strong (7-7.5 GW) in FY 2018 backed by project pipeline: ICRA Updated On Wed, Apr 26th, 2017 by Saurenergy India’s wind power capacity addition in the current fiscal will depend on bidding plans of utilities, while that of solar power will remain strong at 7- 7.5 GW, credit rating firm Icra said today. The renewable energy (RE) sector reported a record capacity addition of over 11 GW in FY2017, an increase of around 60% […] Read more
Construction Set to Begin on 55MW Solar PV Project in Kenya Updated On Sat, Apr 22nd, 2017 by Saurenergy The 55MW solar PV project, which will cost approximately US$116 million to develop, will stand as the largest solar plant ever developed in Africa. The Kenyan Rural Electrification Authority’s (REA) has approved the construction of a 55MW Solar PV Power plant in Garissa at a cost of Kshs 12.8 billion. The Authority will set up […] Read more
Rays Power Infra commissions 78 MW Solar PV project in Uttarakhand Updated On Mon, Apr 17th, 2017 by Saurenergy The solar PV project execution work started in the last week of November 2016 and was executed by Rays Power Infra on turnkey basis – from land acquisition to commissioning. Rays Power Infra Pvt. Ltd. has announced the successful commissioning of its 78 MW solar PV projects in Tehsil-Bhagwanpur in the Roorkee District of Uttarakhand. […] Read more
Rewa Solar Power Project to Achieve Commercial Closure Soon Updated On Sat, Apr 15th, 2017 by Saurenergy The 750 MW Rewa solar power project will be delivering generated energy to Madhya Pradesh Power Management Corporation Ltd and Delhi Metro Railway Corporation. The 750 MW Rewa solar power project in Madhya Pradesh, which boasts of a three-tier payment security mechanism and optimal power scheduling arrangement, is expected to achieve commercial closure soon. Power […] Read more
