CIT Leads $69 Million Financing for Solar Portfolio Updated On Thu, Jan 14th, 2021 by Saurenergy CIT Group Inc. has announced that its Power and Energy business led a $69 million financing for a portfolio of solar facilities owned and operated by Strata Solar LLC, a leading integrated solar and storage energy service provider based in North Carolina. The 23 operating solar assets in the portfolio, a majority of which are located […] Read more
Sterlite Power Appoints Amitabh Prasad as Brazil CEO Updated On Thu, Jan 14th, 2021 by Saurenergy Sterlite Power, a leading global developer of power transmission, has announced the appointment of Amitabh Prasad as CEO, Sterlite Power Brazil. After two years of association with the company in various leadership positions, Ricardo Cleber Zangirolami has decided to step down from the CEO position due to personal reasons. He will continue to support the […] Read more
Siemen’s Gamesa Pushes for Profitability, Closes 2 Plants in Spain Updated On Thu, Jan 14th, 2021 by Saurenergy Siemens Gamesa, the Spanish-German wind turbine manufacturer that is among the global top 3 in the sector, has shuttered two of its plants in Spain following lack of orders from the Spanish market for the blades it manufactures at these plants. The closures, which will lead to the loss of 266 jobs, have followed months […] Read more
The Case For Battery Storage- A UK View Updated On Wed, Jan 13th, 2021 by Saurenergy A report by partners at LCP LLP, a UK based advisory firm, picks on battery storage as an investment opportunity. Its an interesting pointer to the possible future in the UK and also in India at some stage, although the Indian case would be a possibility after some major reforms and deregulation. But as a […] Read more
Engie, Neoen in Pact for 1 GW Integrated Renewable Project in France Updated On Wed, Jan 13th, 2021 by Saurenergy French energy majors Engie and Neoen are collaborating to construct a 1 GW solar and storage project in south-west France. French energy majors Engie and Neoen are collaborating to construct a 1 GW solar and storage project in south-west France. While Engie is an established Euro 60 billion giant, Neoen is a relatively new specialist […] Read more
India’s Solar Manufacturing- A Tale of failed Government Initiatives Updated On Mon, Jan 11th, 2021 by Saurenergy India’s solar manufacturing prowess, or lack of it, has been a regular cause for concern ever since the country started powering forward in capacity additions from 2016 onwards. A new report from IEEFA and JMK Analytics puts the spotlight on the sector, especially on its failure to ramp up even as demand went up domestically. […] Read more
Blown: How India Lost The Solar Rooftop Battle Updated On Mon, Jan 11th, 2021 by Saurenergy Back in 2015, when India declared its renewable energy target of 175GW for 2022, with 100 GW as the share of solar power, the euphoria over the sheer ambition papered over a lot of questions. For not only was this target truly ambitious, but to many, it finally declared the government’s resolve to break away […] Read more
Sungrow Ends 2020 on High, Crossing 7 GW PV Inverter Shipments in India Updated On Fri, Jan 8th, 2021 by Saurenergy Sungrow, the global leading inverter solution supplier for renewables, declared that its cumulative shipments to India crossed 7 GW by the end of 2020, testimony to its wide acceptance among the leaders in India’s growing decarbonized energy space. Accelerated growth during a tough year. During this year, the Indian market saw a series of tenders […] Read more
ACWA Power, APICORP Sign on $125 Mn Facility to Accelerate Green Transition Updated On Fri, Jan 8th, 2021 by Saurenergy APICORP and ACWA Power have signed on a USD 125 million 5-year corporate facility to support ACWA Power’s future growth pipeline. APICORP, a leading multilateral development financial institution, and ACWA Power, a leading Saudi developer, have announced the signing of a USD 125 million 5-year Shariah-compliant corporate facility to support ACWA Power’s future growth pipeline. […] Read more
