Amarenco Acquires 204 MW Spanish Solar Project from Hanwha Energy Updated On Thu, Mar 16th, 2023 by Saurenergy South Korean energy giant Hanwha Energy has announced that it has sold a 204 MW solar power project that was being developed in Spain to Amarenco. Hanwha has not disclosed the financial details of the deal. Amarenco is an Ireland-based independent power producer (PPA). The solar energy project that is sold by Hanwha Energy was […] Read more
Europe’s Solar Energy Surge: A Promising Solution Or Just A Palliative? Updated On Thu, Mar 16th, 2023 by Saurenergy Europe is in the middle of its biggest ever solar build out currently, as it seeks to build more solar capacity for every reason from more energy security to clean energy. But can solar deliver for Europe? Is it the panacea to energy security in the long term? Or is it doomed to over promise […] Read more
USA’s Renewable Energy Firm Leeward Secures $180 Million for 200 MW Solar Project Updated On Thu, Mar 16th, 2023 by Saurenergy USA-based renewable energy firm Leeward Renewable Energy has announced the close of about $75 million in construction to term financing from MUFG Bank and about $105 million tax equity commitment from Wells Fargo for the Horizon Solar Facility located in Texas. Leeward said that Mitsubishi UFJ Financial Group (MUFG) served as the green loan structuring […] Read more
Hero Future Energies Signs MoU with Andhra Pradesh to Develop Renewable Capacity Updated On Wed, Mar 15th, 2023 by Saurenergy An independent power producer (IPP) with about 1.6 GW of operating assets across utility and commercial and industrial sectors, Hero Future Energies has signed a Memorandum of Understanding with the Government of Andhra Pradesh. The agreement will pave the way for setting up a renewable energy facility in the state. The firm will work closely […] Read more
Power Minister R.K. Singh Updates Parliament On Progress With India’s Energy Transition Updated On Wed, Mar 15th, 2023 by Saurenergy Union Minister of Renewable Energy & Power R.K. Singh made a slew of announcements in the Rajya Sabha yesterday, shining the light on the progress made in renewable energy in the country. Here is a look at some important of the relevant news related to renewables. Renewable Energy Installed As on 31.01.2023, the cumulative installed […] Read more
Vestas Secures 373 MW Supply Order for South Africa Wind Projects Updated On Wed, Mar 15th, 2023 by Saurenergy Danish wind turbine manufacturer Vestas has secured a massive 373 MW supply order from independent power producer Red Rocket for the Brandvalley, Rietkloof and Wolf wind parks. Vestas has said that the wind energy projects will be located in Western Cape and Eastern Cape, South Africa. The contract includes the supply and installation of 64 […] Read more
Navisun Secures $235 Million to Fuel Solar Projects’ Growth Updated On Tue, Mar 14th, 2023 by Saurenergy Manhattan-based solar energy player Navisun LLC has announced that it has secured up to $235 million in debt financing through two facilities. Navisun is a solar independent power producer that co-develops, acquires, owns, and operates distributed and small utility-scale solar and storage projects. Navisun said that the financing will support its growth strategy, allowing it […] Read more
BrightNight, ACEN Join Hands to Develop Renewables in India Updated On Mon, Mar 13th, 2023 by Saurenergy U.S. based renewable firm, BrightNight, has joined hands with ACEN Corporation, a Philippine listed energy platform of the Ayala Group, to accelerate the development, construction, and operation of BrightNight’s initial 1.2 GW, multi-technology renewable power portfolio in India. The partnership is formed through ACEN Renewables International Pte. Ltd. and ACEN International, Inc. (collectively known as […] Read more
ALMM Requirement For Solar Projects Deferred To April 2024 Updated On Fri, Mar 10th, 2023 by Saurenergy In a move that was as unexpected as seemingly inevitable, the MNRE(Ministry of New and Renewable Energy), in a late evening Office Memorandum, has declared that its orders for using only domestically approved modules in the Approved list of module manufacturers list (ALMM) will be held in abeyance till March 31, 2024. The ALMM order […] Read more
