PGCIL Proposes Evacuation System For Potential Solar, Wind Farms in the Western Zone Updated On Fri, May 17th, 2019 by Saurenergy The Powergrid Corporation of India (PGCIL) recently came up with a detailed proposal for developing a transmission system for the evacuation of power from potential solar and wind energy zones in the western region. The corporation agreed on the proposal during the first Western Region Standing Committee on Transmission (WRSCT) meeting. Subsequently, a petition was […] Read more
APICORP Signs $75 Mn Financing Facility with Saudi Renewable Firm Alfanar Updated On Wed, May 15th, 2019 by Saurenergy The 5-year financing facility has been initially designed to support the Saudi-based renewable energy developer’s renewables energy projects, most notably the wind project it is currently developing in Spain. The Arab Petroleum Investments Corporation (APICORP), a multilateral development financial institution, has signed a strategic five year Murabaha financing facility worth USD 75 million with Alfanar […] Read more
ReneSola to Supply 5.4MW Modules for Rooftop Solar Projects in Belgium Updated On Tue, May 14th, 2019 by Saurenergy These modules will be deployed by the French company on rooftop solar projects in Belgium. Shanghai-headquartered global manufacturer & supplier of green energy products, ReneSola has inked a pact to supply 5.4 MW of 310W mono PERC modules to Helexia in Belgium. These modules will be deployed by the French company on rooftop solar projects in Belgium. […] Read more
Global Energy Investment Stabilised in 2018 with Oil & Coal Supply Bouncing Back Updated On Tue, May 14th, 2019 by Saurenergy A new report has revealed that the global energy investment stabilised in 2018, ending three consecutive years of decline, as capital spending on oil, gas and coal supply bounced back while investment stalled for energy efficiency and renewables. The International Energy Agency’s latest annual review, published in its World Energy Investment Report 2019, reported a […] Read more
EBRD to Invest $100Mn in Turkish Renewable Firm Updated On Mon, May 13th, 2019 by Saurenergy With EBRD funds, the company plans to invest in wind farms and solar projects with a combined capacity of up to 250MW. In a new boost to Turkey’s renewable energy sector, the European Bank for Reconstruction and Development (EBRD) is investing US$ 100 million in a stake of Ictas Surdurulebilir Enerji Yatirimlari (Ictas Energy), the […] Read more
E.on Posts Lower EBIT and Net Income For First Quarter of 2019 Updated On Mon, May 13th, 2019 by Saurenergy The Renewables segment’s adjusted EBIT rose by 23 percent year on year, from €171 million to €211 million. Thanks to commissioning of offshore wind farms in Germany and the UK and an onshore wind farm in the US. The Germany-based electric utility company, E.On, with its core business in Energy Networks, Customer Solutions and Renewables […] Read more
Decline In Wind Growth Puts German and EU Renewable Targets at Risk Updated On Fri, May 10th, 2019 by Saurenergy The growth of onshore wind energy is collapsing in Germany, jeopardizing both the German and EU renewables targets. Germany installed just 134 MW of new onshore wind farms in the first quarter of 2019 – the country’s worst first quarter for onshore installations since 2000. And is likely to install a total of just 1-2 […] Read more
United States Hits 2 Mn Solar Installations, 4 Mn Expected by 2023: Report Updated On Fri, May 10th, 2019 by Saurenergy The report forecasts that there will be 3 million installations in 2021 and 4 million in 2023, continuing the swift rise of solar. A new report has revealed that the United States has crossed the 2 million solar PV installations landmark. Progressing at an astonishing rate, the second million installations came in a period of […] Read more
Residential Storage Market Project to Reach $17.5 Bn by 2024 Updated On Thu, May 9th, 2019 by Saurenergy A new report has revealed that the global residential energy storage market is projected to reach USD 17.5 billion by 2024 from an estimated USD 6.3 billion in 2019, at a CAGR of 22.88% during the forecast period. The report released by market research solutions firm ReportLinker revealed that this growth is attributed to factors such as declining […] Read more
