US Firm MW Solar Secures CAD 50 M Invt Commitment to Go Public Updated On Mon, Jan 3rd, 2022 by Saurenergy US firm MW Solar has signed an agreement with GEM Global Yield, a Luxembourg-based private alternative investment group, to receive a share subscription facility of up to CAD 50 million for a 36-month term following a public listing. The share subscription facility will allow MW Solar to draw down funds by issuing shares of common […] Read more
Updated ALMM List For Solar Modules- Contendre Greenergy, Ritika Systems Make Entry Updated On Mon, Jan 3rd, 2022 by Saurenergy In its latest and last revision for 2021 (number 4) to the ALMM list (Approved List of Module Manufacturers), issued on December 30, the Ministry of New and Renewable Energy (MNRE) sees the addition of two more solar module manufacturers. The two new entrants, Contendre Greenergy Pvt Limited from Maharashtra, and Ritika Systems Pvt Limited […] Read more
RE Push in U.S. Drives Up Solar Jobs: 3 lakh New Posts During Oct-Nov Updated On Mon, Jan 3rd, 2022 by Saurenergy The US solar industry is proving to be one of the hottest hiring sectors, thanks to an increased national focus on green energy driving up renewable jobs. According to a new analysis by Washington-based staffing and recruiting solutions provider PeopleReady’s skilled trades division, 305,000 solar jobs were posted between October and November, with roughly 230,000 […] Read more
Sungrow In 430 MWh ESS Deal In Israel Updated On Mon, Jan 3rd, 2022 by Saurenergy Sungrow, whose energy storage solutions have emerged in a big way ion the past few years, has signed a deal with Enlight Renewable Energy, an Israeli traded Developer and IPP for a 430 MWh project. Under the agreement, Sungrow will supply Enlight with 430 MWh of its flagship liquid cooled energy storage system (ESS). The […] Read more
Reliance Buys Sodium Ion Battery Firm, Faradion Limited in £100 Million Deal Updated On Fri, Dec 31st, 2021 by Saurenergy In a regulatory filing on December 30, Reliance Industries Limited has announced that its solar subsidiary, Reliance New Energy Solar Limited (RNESL), will buy UK based sodium ion battery technology provider Faradion Ltd for 100 million pounds including debt. Sodium Ion batteries have been considered a solid prospect for lower storage costs. Or as Faradion’s […] Read more
Maha Discom Seeks Bids for 500MW Solar Plants Under KUSUM Scheme Updated On Thu, Dec 30th, 2021 by Saurenergy The Maharashtra State Electricity Distribution Co. Ltd. (MSEDCL) has released a Request for Selection (RfS), inviting bids for the procurement of cumulative 500MW (AC) solar power from decentralised solar projects under Component-C of PM KUSUM scheme to be developed in the state through RESCO mode. The pre-bid conference will be held online on January 6, […] Read more
MNRE Updates Wind Manufacturer’s RLMM List, 15 Players Make The Cut Updated On Thu, Dec 30th, 2021 by Saurenergy The Ministry of New and Renewable Energy (MNRE) has released its revised list of Wind Turbine Models and Manufacturers approved for use within India. The fresh Revised list of Models and Manufacturers (RLMM) comprises exclusively onshore wind turbine models, with some interesting takeaways from the list. The list comprises 15 approved firms in all, a […] Read more
NTPC RE Arm to Get Strategic Investor Ahead of Oct’22 Listing Updated On Wed, Dec 29th, 2021 by Saurenergy State-run power giant NTPC plans to rope in a strategic investor for its clean energy arm NTPC Renewable Energy Ltd (NREL) ahead of its listing on bourses in October 2022, according to a senior official, media reports have said. The listing of NREL is part of the state-run power giant’s overall Rs 15,000-crore divestment plan […] Read more
China’s Risen Plans $7 B Solar Factory Run on Clean Energy: Bloomberg Updated On Wed, Dec 29th, 2021 by Saurenergy Chinese PV manufacturer Risen Energy Co. is planning to build a 45 billion yuan ($7 billion) integrated solar power factory in Inner Mongolia that will run on clean energy, Bloomberg recently reported. The plant will produce materials across the supply chain from industrial silicon to finished solar modules, the company said in a Dec. 27 […] Read more
