ADB Expands Clean Energy Project in India with AIIB Co-financing Updated On Thu, Sep 28th, 2017 by Saurenergy The ADB financing comprised a $500 million government-backed loan and a further $500 million in non-sovereign lending to India’s national transmission company, Power Grid Corporation of India Limited (POWERGRID). The Asian Development Bank (ADB) has agreed to finance additional power transmission network components with co-financing from the Asian Infrastructure Investment Bank (AIIB) that will connect […] Read more
TMEIC Setups a Newly Established Power Electronics Factory in Karnataka Updated On Thu, Sep 28th, 2017 by Saurenergy The newly established a factory of TMEIC is built to further reinforce company’s power electronics business in India. Toshiba Mitsubishi-Electric Industrial Systems Corporation (hereinafter, “TMEIC”; President & CEO Masahiko Yamawaki) has newly established a power electronics factory in Tumakuru district near Bengaluru, Karnataka State, in India. The new factory which is expected to be fully […] Read more
ABB and Northvolt Partner for Europe’s Largest Battery Factory Updated On Thu, Sep 28th, 2017 by Saurenergy Northvolt will build Europe’s largest and most advanced lithium-ion battery factory in Sweden. Supported by ABB’s industrial automation expertise, the factory will supply European customers in the automotive and key industries with high quality and customizable battery solutions. ABB and Northvolt have signed a Memorandum of Understanding (MOU) for a wide-ranging supply and technology partnership, […] Read more
Fate of Paris Climate Accord Updated On Wed, Sep 27th, 2017 by Saurenergy “WE’RE GETTING OUT.” These were the words that made headlines in the entire world, and were used specifically by the US President Donald Trump to signify America’s exist from the Paris Climate Agreement. The Republican Party Premier cited a number of negative statistics about the predicted economic impact from the climate deal, including a $3 […] Read more
JLM Energy announces $25-million project finance investment Updated On Wed, Sep 27th, 2017 by Saurenergy The investment was arranged by GoldenSet Capital Partners as subadvisor to the North Sky Alliance Fund II. CohnReznick Capital was the advisor to JLM Energy in this transaction. JLM Energy, a renewable energy technology company, has announced that it has secured $25 million to finance distributed energy storage projects for Commercial & Industrial (C&I) customers. […] Read more
REC Group Receives Prestigious Solar + Power Award for Its Twinpeak 2 Solar Panel Updated On Wed, Sep 27th, 2017 by Saurenergy The ‘Silicon Module Award’ category recognizes achievements in delivering high quality products that establish, support or exceed industry standards. This is the second Solar + Power industry award for REC Group and the second time its innovative TwinPeak technology based on half-cut multicrystalline PERC cells has been awarded. REC Group has again been distinguished with […] Read more
Siemens Gamesa Wins First Order For a Hybrid Wind-Solar Project in Karnataka Updated On Wed, Sep 27th, 2017 by Saurenergy The Wind Solar Hybrid (WiSH) project constitutes the hybridization of an existing 50 MW wind farm with a 28.8 MW solar power plant to be executed in the state of Karnataka, the company said in a statement. Siemens Gamesa has been mandated to develop India’s first large commercial hybrid wind-solar project, where a 28.8-MW solar […] Read more
Fiji, Niger and Tuvalu deposited instrument of ratification of the Framework Agreement of the ISA Updated On Wed, Sep 27th, 2017 by Saurenergy “ISA is a reflection of our common desire to significantly augment solar power generation in our countries, and make joint efforts towards technology development and mobilization of the required investment to promote energy security and universal energy access.” Fiji, Niger and Tuvalu deposited instrument of ratification of the Framework Agreement of the International Solar Alliance […] Read more
Transelec, SunPower Finalize Acquisition of Switchyard Interconnecting 100MW El Pelicano Solar Project Updated On Tue, Sep 26th, 2017 by Saurenergy The Don Héctor switchyard is located 6.5 kilometers from El Pelicano, which SunPower is constructing in Chile’s commune of La Higuera (Coquimbo Region). El Pelicano is expected to be operational by the end of 2017, and will supply 300 gigawatt hours per year of energy to Metro de Santiago, the city of Santiago’s underground railway […] Read more
