GE to provide 220-megawatt (MW) LV5 Series solar inverters for DEWA’s solar project Updated On Wed, May 4th, 2016 by Saurenergy GE has confirmed that it will provide 220-megawatt (MW) LV5 Series solar inverters for Dubai Electricity and Water Authority’s (DEWA) solar project in Mohammed bin Rashid Al Maktoum Solar Park. DEWA’s solar project is considered a breakthrough for the solar industry, as the DEWA power purchase contract with ACWA Power had been signed at one […] Read more
SunEdison files voluntary petitions for reorganization under chapter 11 of the U.S Bankruptcy Code Updated On Fri, Apr 22nd, 2016 by Saurenergy SunEdison has announced that it has commenced a process to restructure its balance sheet and position the Company for the future. To facilitate this restructuring, SunEdison and certain of its domestic and international subsidiaries have filed voluntary petitions for reorganization under chapter 11 of the U.S. Bankruptcy Code in the Bankruptcy Court for the Southern District of New […] Read more
Indian Banks edgy, as Solar Companies fails to deliver Updated On Thu, Apr 14th, 2016 by Saurenergy What could make Prime Minister Narendra Modi’s plans of capitalizing $100 billion of solar power from foreign investments edgy? Indeed, an In-Flow and Out-Flow leeway of Investment and Finance. The global renowned US Company, SunEdison standstill on at least $1.4 billion of loans and credit facilities, is seeking to sell as much as 1 gigawatt(GW) […] Read more
Over Rs. 71,200 crore sanctioned for Renewable Energy Sector by Banks & NBFCs since February, 2015 Updated On Mon, Apr 11th, 2016 by Saurenergy Banks & Non-Banking Financial Companies (NBFCs) have sanctioned over Rs. 71,201.54 crore to finance various renewable energy projects and disbursed Rs. 29,529.57 crore against the sanctioned amount since February 2015 till 21 March, 2016. During RE-INVEST 2015, 40 major Banks and Non-Banking Financial Companies (NBFCs) committed to provide debt funding to Renewable Energy Projects aggregating […] Read more
American financial institution to allocate $421 million to India for solar, internet projects Updated On Tue, Mar 22nd, 2016 by Saurenergy American financial institution to allocate $421 million to India for its solar and broadband projects reports PTI. It will enable the country to become a low carbon economy and expand the internet infrastructure. Last week US Government’s development finance institution, Overseas Private Investment Corporation (OPIC), sanctioned $250million to subsidiaries of ReNew Power Ventures Private Limited […] Read more
Public and NBFCs commits investment of Rs 3.82 lakh crore for 76,352 MW Capacity – Piyush Goyal Updated On Fri, Mar 11th, 2016 by Saurenergy The indigenous renewable sectors have turned heads recently. With active participation from investors and integrators, India seems to lorry its promising solar mission. At the ongoing budget session of Parliament, New and Renewable Energy Minister Piyush Goyal elatedly states that public as well as private banks and non-banking finance companies (NBFCs) have committed for financing […] Read more
US Company rejigs UP Mini-Grid Solar Policy Updated On Thu, Mar 10th, 2016 by Saurenergy Just after the UP state government proposed a mini-grid policy to electrify the rural grounds of the state, a U.S. company has extended interest to electrify 1,000 villages by setting up mini-grids powered by solar energy. Rockfeller foundation has partnered with OMC-Powers’ to invest US $ 4.5 million (around Rs 30 crore) for retro-fitting of […] Read more
SECI extends cooperation on utility-scale energy storage project, invites tenders to combine Solar & Wind Hybrid Project Updated On Wed, Mar 9th, 2016 by Saurenergy The Solar Energy Corporation of India (SECI) has extended interest on India’s first utility-scale energy storage project. The ambitious project is projected to be combined with a solar and wind hybrid project at Rangreek (Himachal Pradesh). The invited tender is for the design, procurement, construction, commissioning and associated transmission system for 2MW of grid-connected solar […] Read more
SolarCity Opens Fund of $249 Million in Solar Projects Updated On Sat, Feb 27th, 2016 by Saurenergy SolarCity announces its opening of a new tax equity fund of $249 million in solar projects. Whereas, the other financing partner name was not unveiled, though this investment is reported as the fourth solar project fund by the two partnering companies. After total consolidation, the fund is known to twofold in size making a total […] Read more
