Glennmont Closes its 3rd Clean Energy Fund at a Record €850 Mn Updated On Tue, Jun 4th, 2019 by Saurenergy Glennmont Partners has successfully raised €850m at the final close of its third fund investing in clean energy infrastructure projects in Europe. UK-based fund manager Glennmont Partners has successfully raised €850m at the final close of its third fund investing in clean energy infrastructure projects in Europe. It is the largest amount that has ever […] Read more
India Now the Lowest Cost Producer of Solar Power Updated On Thu, May 30th, 2019 by Saurenergy A new report by IRENA has revealed that India now holds the tag of the lowest cost producer of solar power in the world. The International Renewable Energy Agency’s (IRENA) latest report, ‘Renewable Power Generation Costs in 2018’ highlights the latest trends for each of the main renewable power technologies. And draws on the latest […] Read more
Cost of Renewable Power Dropped to a Record Low in 2018: Report Updated On Thu, May 30th, 2019 by Saurenergy The Renewable energy Sources like solar, onshore Wind costs will see a further slide next year consistently cheaper than any other fossil fuel source says the newest IRENA report. Boosting the business case for Renewables in the world, costs of renewable sources like onshore wind and solar photovoltaic (PV) technologies will in the next year […] Read more
China, US & France Top 3 Markets for RE, India Slips to 4th: Report Updated On Fri, May 17th, 2019 by Saurenergy China and US held the top 2 attractive markets’ status for Renewable energy according to EY index while India drops its third position. China and the US remained the most attractive markets for renewable energy in Ernst & Young’s 53rd edition of the Renewable Energy Country Attractiveness Index (RECAI). The next spot was held by France which ranked third […] Read more
E.on Posts Lower EBIT and Net Income For First Quarter of 2019 Updated On Mon, May 13th, 2019 by Saurenergy The Renewables segment’s adjusted EBIT rose by 23 percent year on year, from €171 million to €211 million. Thanks to commissioning of offshore wind farms in Germany and the UK and an onshore wind farm in the US. The Germany-based electric utility company, E.On, with its core business in Energy Networks, Customer Solutions and Renewables […] Read more
Siemens Gamesa Becomes First Turbine Manufacturer with Investment Grade Rating Updated On Thu, May 9th, 2019 by Saurenergy The company obtained a BBB- long-term credit rating, with a positive outlook, from Standard & Poor’s (S&P), and a Baa3 outlook stable rating from Moody’s. Spanish renewable energy major, Siemens Gamesa Renewable Energy (SGRE) recently became the first wind turbine manufacturer to attain an investment grade rating. The company obtained a BBB- long-term credit rating, […] Read more
Iberdrola Posts First Quarter Profit Increase of 15 Percent Updated On Fri, Apr 26th, 2019 by Saurenergy The group is moving forward with 4,100 new MW of capacity scheduled for 2019, which will increase annual production by 13%, and another 8,800 MW between 2020 and 2022. Spanish public multinational electric utility company, Iberdrola recently issued its first quarter financial results. Obtaining a net profit of €963.9 million in the first three months, […] Read more
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
GE Renewable Energy to Implement Solar Plus Storage Hybrid Project in New York Updated On Thu, Apr 18th, 2019 by Saurenergy The hybrid system will be installed in upstate New York at the end of 2019 and is expected to reach commercial operation in the second quarter of 2020. GE Renewable Energy has reached an agreement with Helios Energy to deliver two energy storage systems to be integrated with solar arrays for the Lenox Solar/Energy Storage […] Read more
