COVID-19: 155 Global Corporations Jointly Urge World Leaders for Net-Zero Recovery Updated On Wed, May 20th, 2020 by Saurenergy In the largest-ever UN-backed CEO-led climate advocacy effort, major multinationals reaffirm their own science-based commitments to achieving zero-carbon economy and call on governments to match their ambition. The 155 global corporations, with a combined market capitalization of more than USD 2.4 trillion and representing more than 5 million employees, have signed a statement urging governments […] Read more
Sungrow to Supply Inverter Solutions to 500 MW Solar Plant in Oman Updated On Mon, May 18th, 2020 by Saurenergy Sungrow will supply 1500V SG250HX inverter solutions to the 500 MWac IBRI II project in Oman, which is the largest utility-scale solar plant in the Sultanate to date. Sungrow, a leading inverter solution supplier for renewables, has announced that it will supply 1500V SG250HX inverter solutions to the 500 MWac IBRI II project in Oman, which is […] Read more
Iberdrola Acquires 2 Wind Projects in Scotland for €190 Mn Updated On Fri, May 15th, 2020 by Saurenergy Iberdrola has purchased two onshore wind projects in Scotland, with a combined 165 MW capacity and which will involve an investment of around €190 million Spanish multinational electric utility Iberdrola has announced that it has finalised the purchase of two onshore wind projects in Scotland, with a combined 165-megawatt (MW) capacity and which will involve […] Read more
Sembcorp, PUB Ink 25-Yr PPA to Build Largest Floating Solar Plant in S’pore Updated On Wed, May 13th, 2020 by Saurenergy With an aim to support Singapore’s 2 GWp target of installed solar capacity by 2030, Sembcorp Industries has entered into a 25-year power purchase agreement (PPA) with PUB, Singapore’s National Water Agency, to develop the country’s largest floating solar plant. As per the deal, Sembcorp through its arm Sembcorp Floating Solar Singapore will develop a 60 […] Read more
For India’s Power Sector, A Simple Test To Evaluate The $266 billion Stimulus Updated On Wed, May 13th, 2020 by Saurenergy Yesterday, Prime Minister Narendra Modi delivered yet another surprise, this time pleasant, in his 8 p.m address to the nation. The workaholic PM, whose evening addresses to the nation have achieved somewhat of a legendary status ever since the first big one delivered demonetisation in 2016, delivered one of his most enigmatic speeches, staying away […] Read more
Mizoram Looking to Sell its Surplus Non-Solar Renewable Power on Short-Term Basis Updated On Thu, May 7th, 2020 by Saurenergy The Power & Electricity Department of Mizoram is looking to sell its surplus renewable power (non-solar) for the period July 22, 2020, to December 31, 2020. The Power & Electricity Department of Mizoram (PEDM) has issued a Notice Inviting Tenders (NIT) for the sale of its surplus renewable power (non-solar) for the period from July […] Read more
SunPower Secures $1 Billion in Solar Plus Storage Financing Updated On Wed, May 6th, 2020 by Saurenergy SunPower has announced that a new USD 1 billion partnership with Tech CU will increase financing options for qualified US residential solar customers. SunPower Corp has announced that a new USD 1 billion partnership with Technology Credit Union (Tech CU) will increase financing options for qualified US residential solar customers. The new partnership will give SunPower access […] Read more
In Renewables Shadow, who Will Still Fund Coal in India? : Report Updated On Wed, May 6th, 2020 by Saurenergy Why would any debt/ equity capital providers fund a high emission & polluting new coal power plant at double the cost of deflationary, domestic renewables? The COVID-19 pandemic and the subsequent nationwide lockdown to curb its spread has highlighted the growing financial risks to India’s coal-fired power plant sector, a technology being superseded by international […] Read more
SolRiver Closes on Equity Commitment to Acquire $200 Mn Solar Projects Updated On Tue, May 5th, 2020 by Saurenergy SolRiver Capital has announced that it has closed an equity commitment from Rockland Capital to acquire up to USD 200 million of solar projects. SolRiver Capital, a solar investment fund that owns distributed-generation and utility-scale projects, announced that it has closed an equity commitment from Rockland Capital, an energy-focused infrastructure investment fund, to acquire up to USD 200 million of solar […] Read more
