J-POWER USA Starts Work to Convert Retired Coal Facility Into new Solar and Storage Facilities Updated On Sat, Apr 3rd, 2021 by Saurenergy J-POWER USA Development Co., Ltd. (“J-POWER USA“) and funds managed by affiliates of Fortress Investment Group, LLC (“Fortress”) have agreed to jointly pursue development of Birchwood Solar, a 50 MWac solar plant and Birchwood Storage, a 190 MWac, energy storage facility. These projects would convert Birchwood Power, a coal plant which has been in operation since November, 1996 […] Read more
Masdar Agrees to Expand Uzbekistan Wind Farm Capacity to 1.5 GW Updated On Sat, Apr 3rd, 2021 by Saurenergy Masdar has signed an agreement with the Government of Uzbekistan to extend the capacity of its utility-scale wind farm project up to 1.5 GW. Masdar, one of the world’s leading renewable energy companies, has signed an Implementation Agreement with the Government of the Republic of Uzbekistan to extend the capacity of its utility-scale wind farm […] Read more
$421 million of Loanpal Residential Solar Loans Securitized Updated On Thu, Apr 1st, 2021 by Saurenergy Loanpal, a leading point-of-sale technology platform for sustainable home solutions, today announced that Goldman Sachs sponsored Loanpal Solar Loan 2021-2 Ltd. and Loanpal Solar Loan 2021-2 LLC have closed a securitization of approximately $421 million worth of residential solar loans originated on the Loanpal platform and previously purchased by Goldman Sachs, GoodFinch, Blackstone Credit and Davidson Kempner Capital Management […] Read more
Xiaomi to Enter EV Industry, to Invest $10 Billion Over 10 Years Updated On Thu, Apr 1st, 2021 by Saurenergy Xiaomi Corporation has officially announced its plan to enter into the electric vehicle (EV) industry. The company has announced an investment of USD 10 billion in smart EVs over 10 years, escorting in the new Xiaomi. According to the Founder, Chairman, and CEO of Xiaomi, Lei Jun, the new business will be operated under a […] Read more
DTE Electric Company Completes Third Green Bond Offering Updated On Wed, Mar 31st, 2021 by Saurenergy $1 billion in green bonds to finance carbon-free investments DTE Energy’s subsidiary, DTE Electric company, completed its third offering of green bonds on Monday, March 29. The $1 billion bond offering will finance green, or clean, energy investments, including renewables and energy efficiency programs. In its initial green bond offering in May 2018, DTE became the […] Read more
SolRiver Capital Acquires 45 MW Solar Portfolio in Carolinas From Birdseye Renewable Energy Updated On Wed, Mar 31st, 2021 by Saurenergy SolRiver Capital LLC, a national solar investment fund, has announced the acquisition of a 45 megawatt solar portfolio located throughout the Carolinas from Birdseye Renewable Energy (“Birdseye“), a leading developer of solar energy projects in the Southeastern United States. This is the second acquisition between SolRiver and Birdseye. The first project, located in North Carolina, was successfully […] Read more
Global Solar Installations to Grow 27% to Reach 181 GW in 2021: IHS Updated On Tue, Mar 30th, 2021 by Saurenergy According to a report by IHS Markit, the new global solar photovoltaic (PV) installations are expected to grow by 27 percent this year to a record 181 gigawatts (GW), led by China, the United States, and India. However, new solar PV installations were at 142 GW in the year 2020. Although this year the prices […] Read more
Unsustainable. 128 Non-functional Solar Plants in J&K due to Callous Attitude Updated On Tue, Mar 30th, 2021 by Saurenergy In a scathing indictment of the way taxpayer money is allowed to be wasted, including in renewable energy, the Comptroller and Auditor General (CAG) has highlighted the shocking state of 128 solar plants in J&K (Jammu and Kashmir). Set up at police establishments, these plants have been non-functional since 2014 due to non-settlement of payment […] Read more
Berlin-based Betteries Closes €2.1m Seed Funding Round to Upcycle EV Batteries Updated On Tue, Mar 30th, 2021 by Saurenergy Betteries, a startup based in Berlin which upcycles electric vehicle (EV) batteries into affordable power systems, announced that it has successfully closed its Euro 2.1m seed funding round led by impact funds Factor[e] Ventures and Beyond Black. Speaking of this investment achieved, CEO and founder of betteries, Dr. Rainer Hönig stated, “This seed round is […] Read more
