Genex Gets Funding for its 50×2 MW Solar Projects Updated On Fri, Nov 22nd, 2019 by Saurenergy “As a result of banks confirming credit approvals, JSP is now ready to commence construction, subject to the finalisation of project and financing documentation, which is expected to occur over the coming weeks,” said James Harding. ASX-listed power generation development company Genex Power has received credit approval to fund its two 50 MW each solar […] Read more
Canadian Solar Commissions 53.4 MW Solar Plant in Japan Updated On Thu, Nov 21st, 2019 by Saurenergy Canadian Solar has announced that it has reached the commercial operation of the 53.4 MW Oita Hiji Machi solar plant in Japan. Canadian Solar, one of the world’s largest solar power companies, today announced that it has reached commercial operation on a 53.4 MW solar power plant in Japan. The Oita Hiji Machi solar project achieved commercial […] Read more
IFC, NADB Provide $200 mn Loan for Solar Project in Mexico Updated On Thu, Nov 21st, 2019 by Saurenergy IFC and NADB will provide USD 200 million in green loans to IEnova, to finance four solar power plants with a total capacity of 376 MW across Mexico. The International Finance Corporation (IFC), a member of the World Bank Group, and the North American Development Bank (NADB) will provide USD 200 million in green loans […] Read more
Debt-Ridden Suzlon Working on a Resolution Plan Updated On Thu, Nov 21st, 2019 by Saurenergy Suzlon Energy is working on a resolution plan and lenders have till January to work on a sustainable resolution plan before taking any extreme steps. Wind-turbine maker Suzlon Energy has confirmed that the company is working on a resolution plan and lenders have time till January next year to work on a sustainable resolution plan before taking any extreme steps. “The […] Read more
Vineet Mittal’s Avaada Energy bags another $15 million from PROPARCO Updated On Wed, Nov 20th, 2019 by Saurenergy French development financial institution PROPARCO, has been reported to have made a $15 million equity investment in independent renewable power producer Avaada Energy Private Limited. For the Vineet Mittal led Avaada Energy, the fund raise further buttresses its credentials as an attractive option in India for funding by DFI’s. Earlier this year in April 2019, […] Read more
Canadian Solar Subsidiary Closes Sale of North Carolina Project Updated On Tue, Nov 19th, 2019 by Saurenergy Canadian Solar has announced that its wholly-owned subsidiary Recurrent Energy has closed the sale of a North Carolina solar project to NextEnergy Capital. Canadian Solar has announced that its wholly-owned subsidiary Recurrent Energy has closed the sale of 99 percent of the partnership that owns the Class B membership interest in the 74.8 MWac/102 MWp NC 102 solar photovoltaic […] Read more
Neoen and Tesla to Expand World’s Largest Li-ion Battery System Updated On Tue, Nov 19th, 2019 by Saurenergy Neoen has announced a 50 percent expansion of its Hornsdale Power Reserve in South Australia that will be supported by Tesla. Neoen, one of the world’s leading and fastest-growing independent producers of exclusively renewable energy, has announced a 50 percent expansion of its Hornsdale Power Reserve in South Australia that will be supported by Tesla. […] Read more
Azelio Signs MoU for 120 MW Storage Facilities in California Updated On Mon, Nov 18th, 2019 by Saurenergy Azelio has signed an MoU with Biodico for a project in California, for collaboration over a capacity of about 120 MW of energy storage technology until 2024 Azelio has announced that it has signed a Memorandum of Understanding (MoU) with the US company Biodico for a project in Atascadero, California. The MoU frameworks a collaboration over a […] Read more
Ivory Coast Joins World Bank’s Scaling Solar Program Updated On Mon, Nov 18th, 2019 by Saurenergy The World Bank Group, through Scaling Solar program, and Ivory Coast have signed an agreement to help develop its supply of affordable, reliable clean energy The World Bank Group, through its Scaling Solar program, and the Government of Côte d’Ivoire (Ivory Coast) have signed an agreement to help the African nation develop its supply of […] Read more
