OMERS Private Equity Buys Stake In Solar O&M Company NovaSource Updated On Thu, Aug 11th, 2022 by Saurenergy A minority share in the solar operations and maintenance (O&M) company NovaSource Power Services with headquarters in Arizona has been bought by OMERS Private Equity, a division of the Ontario-focused pension fund OMERS. With more than 20GW of solar and storage assets under management, including residential, commercial, industrial, and utility-scale power facilities spanning North America, […] Read more
Iberdrola Commissions Europe’s Largest Solar Plant With 590 MW Capacity Updated On Thu, Aug 11th, 2022 by Saurenergy The 590 MW “Francisco Pizarro” PV project in Extremadura, southwest Spain, the biggest solar facility in Europe, has been put into operation by Spanish energy company Iberdrola. This is the largest solar plant installation to be ever built by Iberdrola. The €300 million ($310 million) project is situated between the Cáceres communities of Torrecillas de […] Read more
MPUVNL Invites RFP for 35 MW of Grid-Connected Rooftop Solar Plant Updated On Thu, Aug 11th, 2022 by Saurenergy Madhya Pradesh Urja Vikas Nigam Limited (MPUVNL) has invited a Request for Proposal (RFP) for 35 MW of grid-connected rooftop solar plants. These 35 MW rooftop solar PV system under the RESCO Model would be installed at various locations in Madhya Pradesh. The last date to submit the bid is August 23, 2022, till 6:00 […] Read more
GPIL Announces Commissioning Of 70 MWp Solar Plant In Chhattisgarh Updated On Wed, Aug 10th, 2022 by Saurenergy In one of the key developments in the solar power sector, Godawari Power and Ispat Limited (GPIL) has announced that its 70 MWp (megawatt-peak) captive solar photovoltaic power plant at Rajnandgaon, Chhattisgarh is now commercially operational. The information has come through a regulatory filing by GPIL. “70 MWP Captive Solar PV Power plant of the […] Read more
Actis Buys 400MW Solar Assets Of Kolkata-Based Atha Group Updated On Wed, Aug 10th, 2022 by Saurenergy In a key development, Actis LLP has emerged successful in the bid to obtain solar power based assets of 400 MW from Kolkata-based Atha Group. The equity value had been pegged at $100 million. As per reports, sale purchase agreement is already inked between the two companies. The deal of the solar power assets is […] Read more
Industry Reacts: Electricity (Amendment) Bill 2022 Updated On Wed, Aug 10th, 2022 by Saurenergy As the Electricity Amendment Bill (2022) finds itself drawing the ire of the opposition parties, some farmer organisations, and even employees from the public sector power sector, who are vehemently opposing it, industry leaders speak exclusively to Saur Energy International to offer their views on the Bill that has become synonymous with controversy. What The […] Read more
Bangladesh’s IDCOL Raises €80 Million From Germany’s Bank For RE Program Updated On Wed, Aug 10th, 2022 by Saurenergy Infrastructure Development Co. (IDCOL), a Bangladeshi state infrastructure investor, has received a loan of €80 million ($81.4 million) from Germany’s KfW Development Bank to assist enterprises in installing solar plants and solar irrigation pumps. The KfW will sponsor the “Renewable Energy Programme II” project. The interest rate and other terms and conditions are currently being […] Read more
The Politics Of Statism Over The Electricity Amendment Bill Needs To Stop Updated On Tue, Aug 9th, 2022 by Saurenergy The passage of the Electricity Amendment Bill 2022 in the Lok Sabha has been met with widespread resistance, within and outside parliament, with many politicians and former bureaucrats declaring it ‘dangerous’, ‘an assault on state rights’ and much more. For now, it is the Delhi State Government which seems to be leading in its brickbats, […] Read more
Enfinity Global Raises $242 Million Funding For Solar Plants Updated On Tue, Aug 9th, 2022 by Saurenergy Enfinity Global, a provider of sustainability and renewable energy services with headquarters in Belgium, has obtained $242 million funding (about ¥29 billion) in long-term financing for three utility-scale solar PV projects in Japan that were just finished and have a combined capacity of 70 MW. Under the feed-in-tariff (FIT) arrangement, the power plants have 18 […] Read more
