GCL New Energy Inks PPA for 110 MW Solar Project in Colorado Updated On Fri, Jun 15th, 2018 by Saurenergy Further, this project is located on 611 acre site 35 miles east of Denver, Colorado where the land is flat and has good irradiance. Clean energy conglomerate GCL Group arm GCL New Energy has inked a long-term power purchase agreement (PPA) with Intermountain Rural Electric Association (IREA) for its Pioneer 110 MW greenfield project in Colorado. Further, this […] Read more
Finland’s Fortum to sell 54% Stake in Indian Projects Updated On Fri, Jun 8th, 2018 by Saurenergy “This project demonstrates the growing maturity of India’s secondary market for renewables – creating an environment in which private investors have the confidence to invest in new greenfield projects that will accelerate the decarbonization of India’s economy” With an aggregate capacity of 185 MW in India, Finland’s Fortum sign an agreement to sell a 54% […] Read more
Risen Energy Gets Financing from EBRD for 63MW Solar Project in Kazakhstan Updated On Sat, May 26th, 2018 by Saurenergy The construction of the greenfield 63 MW solar project will kick off in the month of September and is expected to be completed in June next year. Chinese solar panel maker Risen Energy has signed a mandate letter with the European Bank for Reconstruction and Development (EBRD) for financing the construction of a 63 MW solar […] Read more
Tata Power Appoints Praveer Sinha as New CEO, MD Updated On Sat, Mar 24th, 2018 by Saurenergy Praveer Sinha has over three decades of experience in the power sector and has been credited with transforming the power distribution sector and development and setting up of greenfield and brownfield power plants in India and abroad. Tata Power has appointed Praveer Sinha as the firm’s new chief executive officer (CEO) and managing director with […] Read more
Adani Group Inks Rs 9K cr Solar, Other Projects in Andhra Updated On Mon, Feb 26th, 2018 by Saurenergy The company would also be investing in a multi-modal logistics park, says Gautam Adani. Adani Group has inked a pact with the Andhra Pradesh government to invest over Rs 9,000 crore in various projects, including setting up of solar and wind facility, development of a greenfield port, in next five years. Adani Group, Chairman, Gautam […] Read more
Solar Companies Expect Easier Financing For Projects Updated On Mon, Nov 20th, 2017 by Saurenergy Moody’s upgrade of India to a solid investment grade level is a positive move in the renewable energy sector but regulatory hurdles could be a challenge. India’s massive effort towards renewable energy projects will gain from easier finance for investments following the upgrade of the country’s sovereign rating by Moody’s, according to the industry leaders. […] Read more
Investonomics on Indian Sun is Hot! Updated On Tue, Nov 7th, 2017 by Saurenergy Today, solar power is not merely a power demand catalyst rather this sector preaches colossal economics in the world affairs. Clouds around solar sector have dynamically revolved as murmurs of its transient nature of solar power are eluded. Solar and wind projects in the country would attract USD 20 billion investment each year from next […] Read more
Hero Future Energies Raises USD 125 Million from World Bank’s private investment arm to fund RE projects Updated On Thu, Jan 5th, 2017 by Saurenergy HFE signed an agreement with IFC for the investment, the proceeds of which will be used to fund the construction of wind and solar power plants Hero Future Energies (HFE) has raised US$ 125 million in equity infusion from International Finance Corporation (IFC), the World Bank’s private investment arm. HFE signed an agreement with IFC […] Read more
Fortum bags 100 MW solar power park project in a reverse auction in Karnataka Updated On Wed, Apr 13th, 2016 by Saurenergy Finnish utility firm Fortum has announced that it won bid for 100 MW solar power park in the reverse auction. The reverse auction was conducted by NTPC on 12th April 2016 for the selection of 500 megawatt (MW) grid connected solar PV projects under Batch II Tranche I of JNNSM phase II. The solar power […] Read more
