Canadian Solar Subsidiary Recurrent Energy Gets $50 Million LoC from Natixis Updated On Tue, Apr 2nd, 2019 by Saurenergy Canadian Solar today announced that its wholly-owned subsidiary Recurrent Energy, LLC has secured a $50 million letter of credit facility from global financial services company Natixis. The US-based firm Recurrent Energy, which is one of the leading utility-scale solar and energy storage project developer has secured a $50 million LoC facility from multinational financial services […] Read more
Vestas Bags Orders Worth 1.11 GW in USA and Brazil Updated On Mon, Apr 1st, 2019 by Saurenergy Denmark-based, Vestas has bagged multiple orders in USA and Brazil with a combined capacity worth 1112 MW. In the United States, the turbine manufacturer and wind energy solutions provider has won three orders worth a total of 545 MW. The first order the company has received is for 220 MW of V120-2.2 MW turbines for […] Read more
Interview with Rajendra Kumar Parakh, CFO, Vikram Solar Updated On Thu, Mar 28th, 2019 by Saurenergy Availability of Domestic Finance at Viable Cost is Still a Distant Dream The only challenge that we can foresee is in terms of availability of finance and cost of finance available for renewable energy sector. Sources of finance for both solar manufacturing industry and solar deployment industry are scarce, a large part of funding comes […] Read more
SECI Issues Amendments For its 97.5 MW Rooftop Solar Scheme For Govt Buildings Updated On Thu, Mar 28th, 2019 by Saurenergy The Solar Energy Corporation of India (SECI) has issued amendments and clarifications for the implementation of 97.5 MW grid-connected rooftop solar PV system scheme for government buildings in different states/union territories of India under RESCO/CAPEX model. Besides amendments to the provisions and guidelines of the RfS document, SECI has also extended the bid submission deadline […] Read more
SECI Issues Extension For 50 MW Solar Plant in Kerala Updated On Tue, Mar 26th, 2019 by Saurenergy The last date for bid submission has been extended to April 4, 2019, from March 25, 2019. The techno-commercial bid opening will be carried out on the same date i.e. April 4, 2019. The Solar Energy Corporation of India (SECI) has issued an extension for the bid submission deadline (for both online and offline) for […] Read more
The Sunshine Sector’s Gender Challenge Updated On Mon, Mar 25th, 2019 by Saurenergy Why the solar sector needs to have more women As yet another International Women’s Day (IWD) came around on 8th March this year, the theme this year was ‘Balance for Better’- A balanced world is a better world. That got us thinking about the solar sector in India. The many industry conferences with their rare […] Read more
DEWA & ACWA Power Reach Financial Closing on 950MW 4th Phase of MbRAM Solar Park Updated On Mon, Mar 25th, 2019 by Saurenergy The solar park will produce 5,000 MW by 2030 with investments totaling AED 50 billion. Dubai Electricity and Water Authority (DEWA) and the consortium led by Saudi Arabia’s ACWA Power and Silk Road Fund, which is owned by the Chinese Government, announced the financial closing of the 950 MW fourth phase of the Mohammed bin […] Read more
South Pacific’s Biggest Solar Plant to Help Tonga Meet Renewable Energy Target Updated On Fri, Mar 22nd, 2019 by Saurenergy Spread over three sites, the solar plant will be the second biggest in the Pacific and the second that TPL has established with an independent power producer. The largest solar plant in the south Pacific will be built in Tonga through the country’s second commercially financed public-private partnership (PPP) after an agreement was signed in […] Read more
DERC Approves PSA Between SECI and Tata Power-DDL For Sale of 50 MW Wind Power Updated On Fri, Mar 22nd, 2019 by Saurenergy The Delhi Electricity Regulatory Commission (DERC) has approved the Power Sale Agreement (PSA) between the Solar Energy Corporation of India (SECI) and Tata Power Delhi Distribution Limited (TPDDL) for the sale of 50 MW of wind power. The order was passed after TPDDL had petitioned the commission to approve the PSA and adopt a tariff […] Read more
