ReNew Power Secures Additional Debt Funding of $350 Mn From OPIC Updated On Thu, Feb 21st, 2019 by Saurenergy The IPP has secured a fresh debt financing of up to USD 350 million from the US Government’s development finance institution. ReNew Power, one of India’s largest renewable energy Independent Power Producer (IPP) in terms of total energy generation capacity, has secured a fresh debt financing of up to USD 350 million from the Overseas […] Read more
NOVEC Signs 300 MW Agreement to Bring Low Cost Solar Power to Virginia Updated On Thu, Feb 21st, 2019 by Saurenergy The solar facilities involved in the agreement are expected to produce enough electricity to power nearly 73,000 homes, or the equivalent of taking nearly 37,000 passenger vehicles off the road. Northern Virginia Electric Cooperative (NOVEC), the 11th largest electric cooperative in the U.S. and D. E. Shaw Renewable Investments (DESRI) have reached an agreement for […] Read more
Modi Cabinet Approves 25.7 GW Solar Scheme to Benefit Farmers Updated On Thu, Feb 21st, 2019 by Saurenergy In another move that is deadlined 2022, or in time to help the country meet its 100 GW target for solar, the government approved a major scheme to get farmers involved. The KUSUM (Kisan Urja Suraksha evam Utthaan Mahabhiyan) scheme has been in the works for some time and seeks to provide both financial security […] Read more
The URGE for “Li” Vault Updated On Wed, Feb 20th, 2019 by Saurenergy Nowadays, power storage has become vital on the back of its rapid response even at the time of peak demand, as most of the power storage technologies began transmitting power back to the grid within milliseconds. Moreover, storage technologies not only help in bolstering the use of electric vehicles but also help in reducing carbon […] Read more
Seimens Gamesa & Senvion Interested in Building $1 BN Wind Farm in Egypt Updated On Wed, Feb 20th, 2019 by Saurenergy The NREA is looking to procure close to 700 wind turbines for 8 wind power projects being developed in the country. In order to achieve 20% of the renewable power in its overall energy by 2022, Egypt is keen on allowing Arab and foreign investors to inject their capitals in the power market. These projects […] Read more
Amazon to Rely on RE to Cut Carbon Footprint Updated On Tue, Feb 19th, 2019 by Saurenergy Amazon is calling its program “Shipment Zero,” and plans to publicly publish its carbon footprint for the first time later this year. Amazon, which ships millions of packages a year to shopper’s doorsteps, says it wants to be greener. The online retail giant announced plans to make half of all its shipments carbon neutral by 2030. […] Read more
China Plans to Launch a Space-Based Solar Power Station by 2025 Updated On Tue, Feb 19th, 2019 by Saurenergy According to China’s Science and Technology Daily, the country’s researchers are working on a solar power station they will send to outer space. China’s Academy of Space Technology is working on an orbital power plant that would capture solar energy in space and beam it back to Earth. The scientists in Chongqing, China have plans […] Read more
Review of a PV Plant Featuring Single-Axis Trackers Updated On Tue, Feb 19th, 2019 by Saurenergy Soltec, a leading manufacturer and supplier of single-axis solar trackers and related services in large-scale projects, supplied 162 MW of complete tracker equipment to a PV power plant located in Northeast Brazil. The project counts with 5,368 units of the innovative independent-row tracker. Eliminating array-gaps at all pile mounting locations, SF7 achieves complete tracker module […] Read more
SECI Floats Tender For Floating Solar With BESS at Lakshadweep Updated On Tue, Feb 19th, 2019 by Saurenergy The last date of bid submission on the tender is April 1, 2019. The Solar Energy Corporation of India (SECI) has issued a Notice Inviting Tenders (NIT) for setting up of 20 MW floating solar PV power plants with associated 60 MWh Battery Energy Storage System (BESS) at Lakshadweep. The brief scope of work for […] Read more
