Canadian Solar Closes GBP41.9 Million Financing with BayernLB Updated On Sat, Dec 30th, 2017 by Saurenergy The solar power portfolio, consisting of 10 operating solar power plants totaling 52.2 MWp, was accredited under the UK’s Renewable Obligation Certificate scheme. Canadian Solar Inc., one of the world’s largest solar power companies, today announced that it has closed a GBP41.9 million (US$56 million) non-recourse project finance facility with BayernLB. This financing arrangement is […] Read more
Canadian Solar Signs O&M Agreement with Axium Infinity for Eight Solar PV Plants Updated On Fri, Dec 29th, 2017 by Saurenergy Canadian Solar will be responsible for plant monitoring, performance management, preventative maintenance, and corrective maintenance at all eight solar PV facilities. Canadian Solar, one of the world’s largest solar power companies has announced that it has recently signed an Operation & Maintenance agreement with Axium Infinity Solar LP for eight solar PV plants totaling 105.5 […] Read more
Ghana to Get Extensive Support from CIAL to Set-Up Solar Power Plants Updated On Tue, Dec 19th, 2017 by Saurenergy The CIAL has not yet fixed the rate to be charged for the service and that it would be decided in the days to follow. The Cochin International Airport Ltd (CIAL) is ready to support Ghana extensively to set up solar power plants at three airports across the country. The consultancy service will be the first ever […] Read more
Scatec Solar Secures 40 MW Solar Power Project in Malaysia Updated On Thu, Dec 14th, 2017 by Saurenergy The solar power plant, located in Northwest Malaysia, is expected to produce 65 GWh of electricity per year with annual revenues of about USD 6 million. Scatec Solar and Fumase have won the contract to develop a 40 MW solar power project in a tender held by the Energy Commission in Malaysia. The power plant, […] Read more
GST Increases Cost of Solar Projects by 12 Percent, Says AISIA Updated On Wed, Dec 13th, 2017 by Saurenergy Under the current GST regime, “solar power cost will see upward escalation”, the All India Solar Industries Association said. The Goods and Services Tax (GST) has led to 10-12 percent rise in overall cost of solar projects, the All India Solar Industries Association has said, while petitioning the government against the rise in tax incidence […] Read more
HDFC Ergo Designs Solar Energy Shortfall Insurance Policy to Cover Losses Updated On Wed, Dec 6th, 2017 by Saurenergy HDFC Ergo has designed the policy to provide insurance against losses arising out of nontraditional and non-physical damage related risks that solar projects face. In a significant development, HDFC Ergo General Insurance Company has designed a solar energy shortfall insurance policy to insure bidders against the likely loss of business if the generation doesn’t meet […] Read more
Patanjali Ayurved to Foray Into Solar Power Equipment Manufacturing Updated On Tue, Dec 5th, 2017 by Saurenergy Patanjali Ayurved, which started its operations in 2006, has an impressive growth rate with increasing its revenue more than five times. After excelling in consumer goods products market, Patanjali Ayurved Ltd, owned by Baba Ramdev is all set to foray into the manufacturing of solar power equipments. This will be the company’s first exposure to […] Read more
MNRE’s ‘Rooftop Solar Power Plants’ Scheme to Rescue Kashmir From Power Crisis Updated On Sat, Dec 2nd, 2017 by Saurenergy The scheme will provide government subsidy of 70 percent to the customers generating solar energy and setting up roof top solar plants. During winters the electricity demand in Kashmir rises to up to 1900MWs against the availability of 1200MWs produced by the Power Development Department (PDD) of Kashmir. In order to compensate the additional 700MW […] Read more
Delhi Based Sunsure Energy Eyes INR 200 Crore in FY18 Revenue Updated On Tue, Nov 21st, 2017 by Saurenergy Sunsure Energy was founded by a group of close knit IIT-Delhi alumni and has seen a phenomenal growth in India’s thriving Solar Power sector. A Delhi-based turnkey solar project company, Sunsure Energy Pvt. Ltd. is all set to close an action packed year at an all-time high revenue of INR 200 crore. from its Solar […] Read more
