Senvion Signs EUR 100 Mn Loan Agreement to Avoid Bankruptcy Updated On Mon, Apr 22nd, 2019 by Saurenergy The DIP facility enables Senvion to continue its business operations following last week’s self-administration filing. Germany-based Senvion, a leading global manufacturer of onshore and offshore wind turbines and its lenders and main bondholders have signed a binding loan agreement, setting forth terms for a EUR 100m debtor-in-possession (“DIP”) facility. The DIP facility has received Board […] Read more
Solar Pumps Sales Projected to Prosper at 11.7% CAGR Until 2027 Updated On Tue, Apr 16th, 2019 by Saurenergy The global sales of solar pumps have been projected to prosper at 11.7 percent CAGR between 2017 and 2027, as India prepares to take centre stage with robust applications in irrigation. A new research report has estimated that the global solar pumps market will reach up from a value of $822 million in 2017 to a value […] Read more
Solar Waste Management and Manufacturing Standards Policy Needed: Report Updated On Fri, Apr 12th, 2019 by Saurenergy The government needs to bring out a policy on solar module waste management and standards for use of material for manufacturing, according to consultancy Bridge To India. “There is an urgent need to formulate appropriate quality standards for use of environmentally sustainable materials in manufacturing of modules. This will help in minimising potentially hazardous end-of-life […] Read more
Siemens Gamesa’s Indian Manufacturing Units Start Equipment Export Updated On Thu, Apr 11th, 2019 by Saurenergy The ongoing trade tariff negotiations between China and the US is seen as an opportunity by Siemens Gamesa’s India manufacturing units to take part and meet the rising demand for wind energy equipment. Markus Tacke, Chief Executive Officer, Siemens Gamesa, responding to a query on the scope for Siemens Gamesa to increase its wind energy […] Read more
Siemens Gamesa Signs First Full-Scope Multi-brand Service Contract in Europe Updated On Mon, Apr 8th, 2019 by Saurenergy SGRE’s Service business maintains nearly 56,700 MW (onshore and offshore) in 62 countries. Siemens Gamesa Renewable Energy (SGRE) has secured its first full-scope contract for the service of turbines supplied by other Original Equipment Manufacturers (oOEM) in Poland with Polenergia. Starting in April 2019, SGRE will provide service and maintenance for the 34MW Lukaszow and […] Read more
Plunging Costs of Lithium-Ion Batteries on the Verge of Displacing Coal, Gas Updated On Fri, Mar 29th, 2019 by Saurenergy Two technologies that were immature and expensive only a few years ago but are now at the center of the unfolding low-carbon energy transition have seen spectacular gains in cost-competitiveness in the last year. The latest analysis by research company BloombergNEF shows that the benchmark levelised cost of electricity, or LCOE, for lithium-ion batteries has […] Read more
ARENA Finances Project to Examine Viability of Using RE in Metal Production Updated On Wed, Mar 27th, 2019 by Saurenergy ARENA is funding Element 25’s project to examine the viability of producing metals using renewable energy sourced from wind and solar farms. The Australian Renewable Energy Agency (ARENA), on behalf of the Australian government has granted $490,000 in funding to mining and metals company Element 25 Limited (E25) to examine the viability of using renewable […] Read more
South Korea Unlikely to Meet 2030 Renewables Target : WoodMac Updated On Wed, Mar 27th, 2019 by Saurenergy South Korea is unlikely to meet its 2030 renewables target, according to consultancy firm Wood Mackenzie. According to the consultancy’s analysis, renewables will account for about 17% of the country’s power mix, a little shy of its original target. Shortly after Moon Jae-in took over the reins as President, the South Korean government unveiled its […] Read more
NRG Systems and ZX Lidars Seal New Partnership Updated On Wed, Mar 20th, 2019 by Saurenergy With the Wind Energy market getting a second wind on the back of offshore sites and wider markets opening up in Asia and South America, consolidation and partnerships are starting up in the sector. NRG Systems, Inc., a designer and manufacturer of smart technologies for a range of wind, solar, and meteorological applications, has announced […] Read more
