Alterra Power acquires 20 MW solar portfolio from Inovateus Solar Updated On Thu, Jul 21st, 2016 by Saurenergy Alterra Power enters into an agreement with Inovateus Solar to acquire an 80% ownership interest in a two-project 20 MWDC portfolio of solar farms in the Midwestern United States. Both the solar projects are contracted under long-term, investment-grade power purchase agreements. Alterra is actively developing and arranging finance for its first project, a 7 MWDC […] Read more
SolarCity raises USD 345 million from four partners to finance new solar projects Updated On Mon, Jul 18th, 2016 by Saurenergy SolarCity has raised $345 million in tax equity from four separate partners in June and July to finance new solar projects. The fund will cover capital cost of new equipment and installations and make it possible for customers to pay less for solar power than they for utility power. Beside the USD345 million in new […] Read more
Infineon acquires Wolfspeed for USD 850 million Updated On Fri, Jul 15th, 2016 by Saurenergy Infineon Technologies has entered into a definitive agreement to acquire the Wolfspeed Power and RF division (“Wolfspeed”) of Cree for USD 850 million. The deal also includes the related SiC wafer substrate business for power and RF power. This acquisition will enable Infineon to provide broadest offering in compound semiconductors, it will also reinforce the […] Read more
Sungage adds Sunpreme to its approved vendor list Updated On Tue, Jul 12th, 2016 by Saurenergy Sungage Financial has added a High-Performance Bifacial module manufacturer, Sunpreme to its approved vendor list. Sunpreme offers Bifacial technology that allows the PV module to absorb light from both sides, increasing energy yield (kWh per kWp) and lowering the Levelized Cost Of Energy for all customers. Smart Modules with advanced optimization solution further accelerates kWh […] Read more
Etrion and Tamagawa signs a project finance to build a 9.5 MW utility-scale solar project in Japan Updated On Mon, Jul 11th, 2016 by Saurenergy Etrion Corporation and Tamagawa Holdings announced signing of the project finance and construction of the Aomori solar power project located in Misawa city in the Aomori prefecture of the Tohoku region in Japan. Aomori is a 9.5 MW utility-scale solar PV power plant to be built in Aomori Prefecture of Japan. Construction-related works are expected […] Read more
World Bank announces to provide more than $1 billion for India’s solar project Updated On Thu, Jun 30th, 2016 by Saurenergy The World Bank Group has signed an agreement with India led International Solar Alliance (ISA) to work together on increasing solar energy use around the world, with the goal of mobilizing $1 trillion in investments by 2030. The agreement was signed in the presence of Finance Minister Arun Jaitley, Power, Coal, New and Renewable Energy minister Piyush […] Read more
KfW and IREDA signs 6th Line of Credit (LoC) for € 20 million Updated On Thu, Jun 30th, 2016 by Saurenergy KfW Development Bank and Indian Renewable Energy Development Agency Ltd. (IREDA) have signed € 20 million Loan Agreement to be utilized by IREDA for “Access to Energy” by financing Renewable Energy projects in India. The 6th Line of Credit (LoC) signed between KfW and IREDA is on standalone basis without sovereign guarantee from Government of […] Read more
World Bank President Visits India today, talks on India’s Renewable Initiatives upfront Updated On Tue, Jun 28th, 2016 by Saurenergy World Bank President Jim Yong Kim will make a two-day visit to India exploring financial propositions, and also understand India’s efforts on renewable energy and nutrition. Kim in an official World Bank statement said, “I am very impressed with Prime Minister Narendra Modi’s reforms, and on this trip I want to explore how the World […] Read more
Solar Park in India: Scope, Status, Achievement, and Challenges Updated On Sat, Jun 25th, 2016 by Saurenergy India, with its large population and rapidly growing economy, needs access to clean, cheap and reliable sources of energy. The government with the Jawaharlal Nehru National Solar Mission has been promoting ecologically sustainable growth while addressing India’s energy security challenge. The Government of India’s ambitious plan to add 100 GW of solar capacity by 2022 […] Read more
