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Lightsource bp Secures $460 Million For 368-MW Utility Scale Solar Projects

Global renewable energy firm Lightsource bp has closed on a $460 million multi-project financing package, which will support the construction and operation of a 368 MW portfolio. This RE portfolio comprised of two utility-scale solar projects in the United States. The debt for this project has been managed by Bank of America, ING Capital, Lloyds […]

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OX2, Tuulialfa To Construct Six Wind Projects Worth 1.2 GW

Swedish renewable energy company OX2 has announced that it has signed an agreement with Finnish clean energy player Tuulialfa for the development and construction of an onshore wind power portfolio in North Ostrobothnia and Lapland in Finland. The total capacity of the project is slated to be approximately 1,200 megawatts (MW). OX2 said that the […]

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Nexamp Secures $400 Million for Community Solar in Six US States

Boston based national clean energy provider Nexamp has announced over $400 million in tax equity and debt commitments led by US Bancorp Impact Finance and Mitsubishi UFJ Finance Group (MUFG). The funds will support the creation of 49 solar power and battery storage projects in six US states. The renewable energy projects will come up […]

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5 Solar Energy Myths That Need To Be Buried For Good

Despite the many benefits that solar energy offers, it continues to be shrouded in myth. However, in the recent past, particularly the last five years, solar has overcome challenges, and many myths, like few heralded energy sources before it. Saur Energy deflates the most common myths around solar. We hope these have not kept you […]

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Neoen, Prokon Set the Ball Rolling for Two Wind Farms in Finland Totalling 161.2 MW

French renewable energy player Neoen has begun the construction of the Storbötet and Lumivaara wind farms in Finland in association with Irish RE cooperative Prokon. The two firms have provided notice to proceed to Vestas regarding the wind farms they own jointly. The total capacity of the wind farms stands at 161.2 MW. Neoen said […]

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Masdar to Add 2 GW Solar & Wind, 500 MWh Storage in Uzbekistan

UAE’s flagship clean energy firm Masdar has inked a joint development agreement (JDA) with Uzbekistan’s Ministry of Energy (MoE) and the Ministry of Investments, Industry and Trade (MIIT) under which it will additionally develop more than 2-GW of solar and wind projects along with  500 MWh of battery energy storage in the country. The projects […]

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ACWA to Invest $120 Million in Uzbekistan Renewables Afresh

Saudi Arabia’s ace renewable energy developer ACWA Power has inked two key agreements at the EBRD 2023 Annual Meeting and Business Forum in Samarkand to advance Uzbekistan’s target to decarbonise 35% of its energy sector by 2030. In the first set of agreements with the chemicals company, Uzkimyosanoat of Uzbekistan, ACWA Power will decarbonise the […]

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