Tamil Nadu Forms New Green Company TNGECL From TEDA And Tangedco Updated On Mon, Feb 5th, 2024 by Saurenergy In a bid to push for green energy generation in the state, the Tamil Nadu government has formed the Tamil Nadu Green Energy Corporation Limited (TNGECL). The corporation was formed by separating the renewable energy department of Tamil Nadu Generation and Distribution Corporation (Tangedco) and merging it with the Tamil Nadu Energy Development Agency (TEDA) […] Read more
Octopus Grabs 199-MW Solar Portfolio from Statkraft Ireland Updated On Mon, Feb 5th, 2024 by Saurenergy Octopus Renewables Infrastructure Trust (ORIT) has announced that it finalized the acquisition of four newly-built solar farms situated in close proximity to Dublin, Ireland. The four solar installations collectively boast a capacity of 199MW and were procured from Statkraft Ireland, the developer, and constructor of the projects, overseen by ORIT. With this acquisition, ORIT’s portfolio […] Read more
Solis Strengthens Bankability Rank For Buyers Updated On Mon, Feb 5th, 2024 by Saurenergy In a key development Ginlong (Solis) has announced its notable position in the 2023 BloombergNEF (BNEF) Inverter Bankability Survey. The survey, engaging diverse industry stakeholders such as banks, solar engineering contractors, and technical advisers, sheds light on the solar inverter bankability landscape. Bankability rankings serve to reassure financial institutions backing solar projects on the quality […] Read more
Lightsource bp Offloads 294-MW Italian Solar Projects Updated On Fri, Feb 2nd, 2024 by Saurenergy Lightsource bp have announced that it has inked an agreement for the sale of six solar greenfield projects in Italy to EOS Investment Management Group (EOS IM). Lightsource bp said that the portfolio is currently either permitted or in the late stages of development with construction expected to begin in the next 12 months. EOS […] Read more
Brookfield Looks To Partially Sell-Off 1.6-GW Renewable Portfolio Updated On Fri, Feb 2nd, 2024 by Saurenergy Canadian investment firm Brookfield Asset Management is seeking to partially capitalize on its clean energy assets. Brookfield boasts a collective capacity of approximately 1.6 GW and hold an enterprise value ranging between Rs 9,000 and 10,000 crore (equivalent to $1-1.2 billion), as per the company. To facilitate this partial monetization, investment bank JP Morgan has […] Read more
With Twin Deals, Cubico Acquires 1600-MW Renewables’ Pipeline in Mexican Market Updated On Thu, Feb 1st, 2024 by Saurenergy Cubico Sustainable Investments has announced the completion of two transactions which it says significantly enhance the company’s renewable energy footprint and development portfolio in Mexico. Through the acquisition of Renantis Mexico and a strategic agreement with Sowitec Group, the development pipeline of Cubico in Mexico has now exceeded 1.6 GW. The company says that the […] Read more
BUDGET: Solar Industry Wants Funds For RTS, Lower GST On Equipment Updated On Thu, Feb 1st, 2024 by Saurenergy As Union Finance Minister Nirmala Sitharaman is all set to announce the Union Budget today in Lok Sabha, the solar industry is anticipating several announcements for the sector. Several industry experts anticipate announcements that could support the industry. However, most of the solar industry experts who spoke on the issue talked about reduced taxes for […] Read more
Railways Awards Contracts To 6 Firms For Its 750MW RE Project Updated On Wed, Jan 31st, 2024 by Saurenergy The Indian Railways has chosen six renewable energy companies to develop 750 MW of Round-The-Clock (RTC) renewable power. This comes after it released a tender earlier last year seeking developers. The Railway Energy Management Company Limited (REMCL) floated the tender. REMCL is a joint venture of the Indian Railways and RITES Ltd. As per the […] Read more
L&T Construction To Build 1800MW Solar Plant in Dubai Updated On Wed, Jan 31st, 2024 by Saurenergy India-based technology and construction company Larsen & Toubro Power Transmission & Distribution business’ Renewable EPC arm has been given the turnkey Engineering, Procurement, and Construction contract to establish an 1800 MWac Solar Photovoltaic Plant in Dubai, United Arab Emirates. The project is the sixth phase of the Mohammed bin Rashid Al Maktoum Solar Park, Dubai, […] Read more
