Danish Renewable Energy Infrastructure Fund Closes on $700 Mn Updated On Mon, May 20th, 2019 by Saurenergy Copenhagen Infrastructure Partners (CIP) new fund, the New Markets Fund I, which will invest in renewable energy infrastructure targeting fast-growing major new economies primarily in Asia and Latin America, reached the first close of USD 700 million. “Obtaining first close commitments of USD 700m from a group of leading Nordic investors is an important proof […] Read more
Canadian Solar Secures $50Mn Loan For International Project Pipeline Updated On Fri, May 17th, 2019 by Saurenergy Canadian Solar, one of the world’s largest solar power companies, recently announced the closing of a US$50 million term loan from Credit Suisse AG, Singapore Branch. The company issued in a statement that it intends to deploy the term loan to support the development of international solar project pipeline and for general corporate purposes. The U.S. dollar-denominated term loan […] Read more
Siemens Gamesa Has Record Order Backlog of €23.6 Bn in First Half of 2019 Updated On Tue, May 7th, 2019 by Saurenergy Net income amounted to €67 million in the first half, compared to €0 million in the same period last year, and to €49 million in the second quarter, an increase of 40 percent YoY. Spanish renewable energy major Siemens Gamesa has reported the results of the first half (October-March) and second quarter (January-March) for the […] Read more
Axpo Acquires Urbasolar With Plans to Become European Leader in PV Segment Updated On Thu, May 2nd, 2019 by Saurenergy Swiss energy utility Axpo and independent French solar PV specialist Urbasolar have announced the signing of an acquisition contract of 100% of the latter’s securities by Axpo. This agreement aims to consolidate and stimulate the growth of the French PV specialist, which now becomes the photovoltaic operator within the group with the ambition to become […] Read more
Siemens Wins Race to Rebuild and Modernise Iraq’s Electricity Grid Updated On Wed, May 1st, 2019 by Saurenergy Within the implementation agreement, the parties also agreed on the award of contracts valued at approximately 700 million euros for Phase 1 of the Roadmap. German Industrial Conglomerate Siemens has beaten US-based General Electric to rebuild and modernise Iraq’s electricity grid. The German firm has signed an agreement with the Ministry of Electricity paving way […] Read more
Canadian Solar Secures $48 Mn Credit Facility For Development of Solar Projects in Japan Updated On Tue, Apr 30th, 2019 by Saurenergy The Company intends to utilise the facility to develop more high-quality solar power projects in Japan. Canadian Solar, one of the world’s largest solar power companies, has announced that its wholly-owned subsidiary Canadian Solar Projects K.K. has expanded and renewed its credit facility with a syndicate of four finance leasing institutions led by Sumitomo Mitsui […] 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
