Array Technologies Buys STI Norland in $652 million Tracker Deal Updated On Mon, Nov 15th, 2021 by Saurenergy American solar tracker firm Array Technologies is in advanced talks to acquire Spanish tracker manufacturer Soluciones Técnicas Integrales Norland (STI Norland) in a deal valued at around €570 million (US$652 million) in cash (€351 million/US$401 million) and stock. The deal closure is expected by Q1 of 2022. In 2020, STI generated revenues and EBIDTA of […] Read more
Engie, Credit Agricole Agree To buy Spanish Form Eolia Renewables for €2 bn Updated On Mon, Nov 15th, 2021 by Saurenergy French energy major Engie and insurance firm Crédit Agricole Assurances acquiring Spanish renewable energy company Eolia Renovables. By the end of the transaction, the two firms will own 97.33 % of Eolia. The deal will add 821MW of onshore wind capacity, 78MW of solar photovoltaic (PV) capacity and a pipeline of renewable projects whose total […] Read more
There Is Massive Potential For Decentralised Renewable Energy Appliances Updated On Mon, Nov 15th, 2021 by Saurenergy Tushar Devidayal, the founder & CEO of Devidayal Solar Solutions Pvt Ltd (DD Solar) founded the firm in 2015. With an MBA from London Business School, he decided to focus on designing and developing high quality, certified off-grid appliances like solar DC refrigerators, BLDC fans and coolers. The firm has made steady progress with its vision. An […] Read more
LONGi Hi-MO 5 Shows Excellent Performance in Dynamic Load Testing Updated On Thu, Nov 11th, 2021 by Saurenergy In order to validate the performance of its 182mm Hi-MO 5 module under extreme weather conditions, LONGi has carried out rigorous dynamic load testing (DML) on the bifacial Hi-MO 5 at the China General Certification (CGC) laboratory. The test sample was randomly selected from modules under mass production, with results showing that, under installation conditions […] Read more
Decoding The Reliance Gambit In Renewable Energy Updated On Tue, Nov 9th, 2021 by Saurenergy It All Started in 2017 It was on the firm’s 40th anniversary celebrations in 2017 that Mukesh Ambani, Chairman, Reliance Industries first asked the rhetorical question, “Can Reliance become a clean energy company?”. “Why Not?”, he answered it himself at the time, without getting into any further details. Almost three years later, at the firm’s […] Read more
Vector Green and Evergreen Power In MoU For Wind Power Projects Updated On Tue, Nov 9th, 2021 by Saurenergy Vector Green Energy Pvt Ltd (Vector Green) and Evergreen Power Mauritius Pvt Ltd (Evergreen Power) have entered into a MoU to develop around 300 MW of wind power projects in India through greenfield development. Vector Green is a renewables focused Independent Power Producer (IPP), wholly owned by funds managed by Global Infrastructure Partners India LLP. […] Read more
CERC Refuses to Intervene in SB Energy’s PPA/PSA with NTPC & PSPCL Updated On Wed, Nov 3rd, 2021 by Saurenergy In a recent order, the Central Electricity Regulatory Commission (CERC) turned down SB Energy’s plea to direct NTPC Ltd. and Punjab State Power Corporation Limited (PSPCL) to neither terminate the PPA and PSA signed between the parties nor undertake any coercive action, such as invocation of the performance bank guarantee, and to extend timelines for Condition […] Read more
RUMSL Tenders for 600 MW Omkareshwar Floating Project Updated On Wed, Nov 3rd, 2021 by Saurenergy After a lot of discussions and waiting, the 600 MW Omkareshwar reservoir floating solar plans are moving again. The Rewa Ultra Mega Solar Limited (RUMSL) has started the process by inviting bids to develop the grid connected ‘park’, which would easily be the largest of its kind in India. Till recently, the plant was in […] Read more
Inverter Major Sungrow Hits 10 GW Shipment Record In India Updated On Tue, Nov 2nd, 2021 by Saurenergy Sungrow, the global leading inverter solution supplier for renewables, has breached a new milestone for PV inverter shipments in India – 10 GW. Gratifyingly for the firm, it has not been even one year since the last 7 GW record, announced in January 2021. The company has clearly done well from the sharp recovery of […] Read more
