KKR Purchases $550 Million Loan Of SunPower Updated On Thu, May 4th, 2023 by Saurenergy North American residential solar technology and energy services provider SunPower and global investment firm KKR have signed a definitive agreement under which credit funds and accounts managed by KKR will commit to purchasing $550 million of solar energy loans made to SunPower customers. This transaction is expected to support SunPower Financial’s continued ability to offer […] Read more
Renewable Energy: Looking Beyond Gujarat In 2023 Updated On Wed, May 3rd, 2023 by Saurenergy The Indian story of renewable energy is actually a story of paradoxes. Thus, even as the country has made remarkable progress in adding renewable capacity, it still fell comfortably short of the 175 GW target for 2022 Nationally, the country today has achieved 168 GW of renewable energy including large hydro power but the travesty […] Read more
Long Duration Storage With Lithium Batteries Gets a Boost With RWE Bid In Australia Updated On Wed, May 3rd, 2023 by Saurenergy RWE Renewables, a German-based energy company, has now bagged a tender in New South Wales (NSW) in Australia to offer long-term energy storage systems. The company had earlier bid for its proposed eight-hour-long battery storage systems. However, by quoting lower than pumped storage, the firm has opened up a slew of possibilities on the utility […] Read more
Adani Green Energy Q4 Results Strong, Net Profit Rises 319 Percent Updated On Wed, May 3rd, 2023 by Saurenergy The Adani Groups green energy development arm, Adani Green Energy has announced a rise of 319 per cent in consolidated net profit to Rs 507 crore for the Q4 quarter ended March 2023. This corresponds to a net profit of Rs 121 crore in the corresponding quarter last fiscal. Other key numbers on the EBITDA […] Read more
EE North America Acquires 700 MW Colorado Solar Projects Updated On Wed, May 3rd, 2023 by Saurenergy Renewable Energy developer EE North America has acquired a majority stake in two solar projects, Sandy Hill Solar and Sand Dune Solar – which together make 700 MW of capacity – , in Colorado. EE North America said that the joint venture with solar power developer Horus Energy is thereby accelerating the USA’s transition to […] Read more
Indian PV Modules Are Gaining Global Traction: Atul Kamathi, Grew Energy Updated On Tue, May 2nd, 2023 by Saurenergy Atul Kamathi is the Vice President (EPC) of Grew Renewables Pvt Ltd, an Indian solar module manufacturer. In a short-duration interview with Saur Energy at the sideline of ReneX exhibition in Hyderabad, Kamathi talks about the journey of the Grew, the likely future of the Indian module manufacturing sector, and others. A venture of the Chiripal Group, […] Read more
Suzlon Wins Second Order for 3 MW Series Turbines From Juniper For 69.3 MW Project Updated On Tue, May 2nd, 2023 by Saurenergy Independent Power Producer Suzlon Group has revealed that it has secured the second order of the 3 MW product series aimed at the development of a 69.3 MW wind power project for Juniper Green Energy Private Limited. As per the agreement, Suzlon will install 22 wind turbine generators (WTGs) with a Hybrid Lattice Tubular (HLT) […] Read more
Subsidy-Free Offshore European Wind Bids On The Rise: GlobalData Report Updated On Tue, May 2nd, 2023 by Saurenergy The latest report by GlobalData, a data and analytics company, claimed that European countries are witnessing increased subsidy-free wind energy bids due to intense competition. However, the report said several factors have also led to the undersubscription of renewable energy auctions. GlobalData’s latest report titled ‘Europe Renewable Energy Policy Handbook 2023’ pointed out that the […] Read more
GUS Technology Opens Taiwan’s First Battery Gigafactory Updated On Tue, May 2nd, 2023 by Saurenergy GUS Technology has inaugurated and opened Taiwan’s first battery gigafactory in Jhongli Industrial Park. The firm’s facility will help in Taiwan’s lithium battery industry reach a new milestone. GUS Technology focuses on lithium titanate (LTO) and NCM material systems. The factory entered into the design, development, and manufacturing of battery modules for EVs and energy […] Read more
