India Offers $75 Mn Credit Support for 100 MW Solar Project in Cuba Updated On Sat, Jun 23rd, 2018 by Saurenergy During talks, both countries agreed to enhance cooperation in the fields of renewable energy, biotechnology, traditional medicine and trade and investment. During the third leg of Indian President Ram Nath Kovind’s three nations tour, India offered a USD 75 million credit support to Cuba for a 100 MW solar power project. The President’s Secretariat said […] Read more
Viz-A-Viz with Damian Miller, CEO, Orb Energy Updated On Thu, Jun 21st, 2018 by Saurenergy Q. Could you please tell our readers about Orb Energy and its journey? NP Ramesh and I were colleagues at Shell Solar for almost seven years. After Shell exited the solar market in 2006, we secured venture funding and started Orb Energy (Orb) in India. By the start of 2007 we had started full-fledged operations […] Read more
Renesola Sells North Carolina Solar Project to Greenbacker Updated On Wed, Jun 20th, 2018 by Saurenergy As per the deal, this project will sell all power generated to the local utility under a 15-year purchase agreement. Chinese solar company ReneSola has sold its utility-scale North Carolina project to New York-based Greenbacker Renewable Energy Company. This North Carolina solar project has a capacity of 6.75 MW and represents the Chinese company’s second project sale to Greenbacker, following […] Read more
Ellomay Arm Inks EPC Pact with METKA for 300 MW Spanish Talasol Project Updated On Tue, Jun 19th, 2018 by Saurenergy This is a very significant milestone in the advancement of the Talasol project, which is expected to be one of the largest photovoltaic projects in Europe and one of the first projects to work on grid parity, that is, without subsidies, says Ran Fridrich. Israel-headquartered renewable energy company Ellomay Capital’s arm Talasol Solar has entered into an […] Read more
ReneSola Gets EUR 36 Mn Addl Funding for 55 MW Poland Projects Updated On Mon, Jun 18th, 2018 by Saurenergy All these 55 MW projects are under Poland’s Contract for Difference (CFD) regime and eligible for a 15-year guaranteed tariff. Chinese solar company ReneSola said that Sequoia Economic Infrastructure Income Fund (Sequoia) had agreed to extend senior debt facility to EUR 36 million for ReneSola’s 55 MW Poland projects, with 1MW capacity each. In December 2017, Sequoia […] Read more
ABB Wins 132 KV Substations Contracts from Iraq Updated On Tue, Jun 5th, 2018 by Saurenergy The move has come as the government of Iraq is rebuilding the country and investing in its grid as part of its ambitious plan to develop its power infrastructure to meet electricity needs. ABB has bagged orders from the Ministry of Electricity in Iraq to deliver 5 fixed and 15 mobile 132 kilovolt substations, aiming […] Read more
REC Pledges $1 Million Contribution Towards International Solar Alliance Updated On Tue, Jun 5th, 2018 by Saurenergy In presence of the Power Minister R K Singh, REC’s Director (Technical) S K Gupta and other senior officials from the two organizations, the REC Chairman and Managing Director P V Ramesh handed over the cheque to Interim Director General of ISA Upendra Tripathy. Rural Electrification Corporation, (REC) a state-run power sector financier has announced […] Read more
Five Solar Photovoltaic Plants Coming Up in Karnataka Updated On Fri, Jun 1st, 2018 by Saurenergy The five new solar parks in India, located in the towns of Afzalpur, Chincholi, Holenarsipura, Nanjangund and Yelandur, will enter operation in September 2019. The plants are expected to generate around 215 GW a year which will help in reduction of 175,000 tons of Co2 emission. The project has a 25-year power-purchase agreement. In the […] Read more
Bangladesh, World Bank Ink $55 Mn Pact to Expand Renewable Energy Usage in Rural Areas Updated On Thu, May 31st, 2018 by Saurenergy The additional financing to the Second Rural Electrification and Renewable Energy Development (RERED II) Project will install 1,000 solar irrigation pumps, 30 solar mini-grids, and about 4 million improved cookstoves in rural areas. In order to expand renewable energy usage in rural areas, the Bangladesh government has inked a USD 55 million financing pact with the World […] Read more
