APICORP Signs $75 Mn Financing Facility with Saudi Renewable Firm Alfanar Updated On Wed, May 15th, 2019 by Saurenergy The 5-year financing facility has been initially designed to support the Saudi-based renewable energy developer’s renewables energy projects, most notably the wind project it is currently developing in Spain. The Arab Petroleum Investments Corporation (APICORP), a multilateral development financial institution, has signed a strategic five year Murabaha financing facility worth USD 75 million with Alfanar […] Read more
E.on Posts Lower EBIT and Net Income For First Quarter of 2019 Updated On Mon, May 13th, 2019 by Saurenergy The Renewables segment’s adjusted EBIT rose by 23 percent year on year, from €171 million to €211 million. Thanks to commissioning of offshore wind farms in Germany and the UK and an onshore wind farm in the US. The Germany-based electric utility company, E.On, with its core business in Energy Networks, Customer Solutions and Renewables […] Read more
United States Hits 2 Mn Solar Installations, 4 Mn Expected by 2023: Report Updated On Fri, May 10th, 2019 by Saurenergy The report forecasts that there will be 3 million installations in 2021 and 4 million in 2023, continuing the swift rise of solar. A new report has revealed that the United States has crossed the 2 million solar PV installations landmark. Progressing at an astonishing rate, the second million installations came in a period of […] Read more
Siemens Gamesa Becomes First Turbine Manufacturer with Investment Grade Rating Updated On Thu, May 9th, 2019 by Saurenergy The company obtained a BBB- long-term credit rating, with a positive outlook, from Standard & Poor’s (S&P), and a Baa3 outlook stable rating from Moody’s. Spanish renewable energy major, Siemens Gamesa Renewable Energy (SGRE) recently became the first wind turbine manufacturer to attain an investment grade rating. The company obtained a BBB- long-term credit rating, […] Read more
India’s Solar Powered IPO’s. Why Success Will Matter Updated On Thu, May 9th, 2019 by Saurenergy Recent weeks have brought news of two IPO’s from firms in the sector. First is of course Sterling and Wilson’s plans for a billion dollar IPO, with almost $650 million being the shares offered by key promoters Shapoorji Pallonji and Co and Chairman Khurshed Yazdi Daruvala for sale. The firm, which clocked a topline of […] Read more
Sungrow Bags 400 MW Inverter Deal For Chile’s Largest Solar Plant Updated On Wed, May 8th, 2019 by Saurenergy The solar PV farm in Copiapó, once completed, is expected to be the largest PV plant in the South American nation. Sungrow, one of the leading global inverter solution supplier for renewables, has signed an agreement with Enel Green Power Chile to supply its featured 1500V inverter solutions to a 400 MW PV farm in […] Read more
Govt Soon To Invite Bids for 40 GW EV Battery Manufacturing Plants Updated On Wed, May 8th, 2019 by Saurenergy The government is considering a plan to establish a battery making capacity of 40 gigawatts (GW) to give a boost to its electrical vehicles and renewable energy initiatives. It will ask states to compete for the opportunity to set up internationally competitive facilities that will also service global markets. Domestic and global battery makers will […] Read more
JinkoSolar Supplies 88.5 MW of PV Modules For Colombian Solar Power Plant Updated On Tue, May 7th, 2019 by Saurenergy JinkoSolar has completed the delivery of its 345 Watt PV modules for one of Colombia’s largest PV project. JinkoSolar, a leading solar module manufacturer in the world, has announced that it has supplied 250,000 Pieces of 345Watt – 1500V monocrystalline standard modules for one of the largest solar power plant in Colombia to date which was recently […] Read more
Belectric Commissions Two Rooftop Projects Worth 26 MW For Cleantech Solar Updated On Tue, May 7th, 2019 by Saurenergy Germany-based Belectric has taken a step further in increasing its footprint in India’s ever-growing solar industry by completing two large-scale PV rooftop projects for Cleantech Solar. With a combined capacity of 26 MWp, the solar power plants are amongst Asia’s largest rooftop installations. The projects were developed by Cleantech Solar, the regional leader in solar […] Read more
