Solar Installations to Grow by 142 GW in 2020, 14 GW in India: Report Updated On Wed, Jan 8th, 2020 by Saurenergy According to a new report global annual solar installations in 2020 will reach 142 gigawatts (GW), recording a 14 percent rise over the previous year. Global solar installations will continue double-digit growth rates into the new decade, according to the new “2020 Global Photovoltaic (PV) Demand Forecast” by IHS Markit. New annual installations in 2020 […] Read more
BNP Paribas Closes Sustainability Linked RCF With Brookfield Renewables Updated On Wed, Jan 8th, 2020 by Saurenergy BNP Paribas has closed an incentive-linked corporate revolving credit facility with Brookfield Renewable Partners to expand its renewable portfolio BNP Paribas, a premier global banking partner, has announced that it has closed a bi-lateral, incentive-linked corporate revolving credit facility (RCF) with Brookfield Renewable Partners, structured as a sustainability-linked loan (SLL). One of the first SLLs […] Read more
Bright Canyon Energy Acquires Ownership Interests in 2 Wind Farms Updated On Wed, Jan 8th, 2020 by Saurenergy Tenaska and Bright Canyon Energy announced that Bright Canyon has acquired ownership interests in two Tenaska-developed wind projects worth 492 MW. Independent energy company Tenaska and Bright Canyon Energy announced that Bright Canyon has acquired ownership interests in two Tenaska-developed wind projects. The transaction, which closed December 20, 2019, includes the purchase of indirect minority interests in both Tenaska Clear […] Read more
Suzlon Energy Defaults on Rs 7200 Cr Worth in Loans Updated On Wed, Jan 8th, 2020 by Saurenergy Debt-laden Suzlon Energy has announced via a regulatory filing that it has defaulted on loans amounting to Rs 7,256.38 crore. Debt-laden Suzlon Energy has announced via a regulatory filing that it has defaulted on loans amounting to Rs 7,256.38 crore. The total default amount includes a principal of Rs 6,717.44 crore and interest of Rs […] Read more
RWE Renewables Brings 100 MW Solar Project Online in Texas Updated On Tue, Jan 7th, 2020 by Saurenergy RWE Renewables has announced that it has achieved commercial operation on its 100 MW West of the Pecos solar project, located in Texas RWE Renewables has announced that it has achieved commercial operation on its West of the Pecos solar project, located in Reeves County, Texas, approximately 75 miles southwest of Midland-Odessa. The project is […] Read more
Carbon Tax Waiver may put Renewables Growth in India at Risk: Fitch Updated On Mon, Jan 6th, 2020 by Saurenergy Fitch Solutions believes that the centre’s proposed carbon tax waiver on coal may pose substantial downside risks to India’s renewable sector growth. Fitch Solutions has said that it believes that the centre’s proposed carbon tax waiver on coal may pose substantial downside risks to India’s renewable sector growth. In a bid to alleviate significant debt levels in the power industry, India has proposed […] Read more
India Extends $75 mn LOC to Cuba for Solar Projects Updated On Sat, Jan 4th, 2020 by Saurenergy India has extended a LOC of USD 75 million to Cuba for financing solar projects after the agreement between Exim Bank and Banco Exterior De Cuba came into effect. India has extended a line of credit (LOC) of USD 75 million (Rs 500 crore) to Cuba for financing solar projects. An agreement signed between Export-Import Bank of India (Exim Bank) […] Read more
MNRE Drafts Scheme for Round-the-Clock Supply of Renewable Power Updated On Fri, Jan 3rd, 2020 by Saurenergy MNRE has issued a new draft policy for the supply of round-the-clock power from renewable energy projects, complemented with thermal power projects to Discoms The Ministry of New and Renewable Energy (MNRE) has issued a new draft policy for the supply of round-the-clock (RTC) power from renewable energy (solar, wind or small hydro) power projects. […] Read more
Can Surplus Renewables Production in West Rajasthan Build A Big Battery? Updated On Thu, Jan 2nd, 2020 by Saurenergy Back in 2017, when Tesla set out to make the 129 MW lithium ion based battery installation in Australia at the Hornsdale Wind Farm, many people scoffed at its usefulness. However, it proved its role as a load balancer to stabilize the grid in case of sudden drops in power generation elsewhere. So much so […] Read more
