Risen Energies To Invest $10 bn To Set Up Solar PV Cell Factory in Malaysia Updated On Fri, Jun 25th, 2021 by Saurenergy China-based solar company Risen Energy Co. Ltd yesterday announced its first investment in Southeast Asia, with the aim to produce 3GW of high-efficiency photovoltaic modules to meet growing global demand. The company is expanding its global footprint by opening its latest production base in Kulim Hi-Tech Park, Kedah, Malaysia, in response to the strong support […] Read more
Response to MSEDCL And RUMSL Tenders Indicates Resilience In Solar Market Updated On Fri, Jun 25th, 2021 by Saurenergy Two recent tenders, by the Maharashtra State Electricity Distribution Company Limited (MSEDCL) for 500 MW of Wind-Solar Hybrid power, and another one by Madhya Pradesh’s RUMSL Agar Solar Park for 550 MW, have thrown up some pleasant surprises. Contrary to fears expressed by some Industry insiders we had spoken to last month, where they were […] Read more
Solar Gets Its Big Hitter In India As Reliance Announces Rs 75,000 Cr Investment Plan Updated On Thu, Jun 24th, 2021 by Saurenergy After hinting at big plans in the renewable energy sector last year, India’s largest private sector enterprise, Reliance Industries limited, has finally announced its plans. The company’s Chairman, Mukesh Ambani, picked the firm’s 44th Annual General Meeting (AGM) for its shareholders, as usual, to make the big announcements. The key announcements, and their implications for […] Read more
Lightsource bp Invests in 703 MW Spanish Solar Projects Updated On Thu, Jun 24th, 2021 by Saurenergy Europe’s largest solar developer Lightsource bp has invested 475 million euros (USD 566 million) to acquire a pipeline of three solar projects in Spain from Spanish company Grupo Jorge. The three projects totaling 703 MW are located in Aragon. Aragon is a landlocked region in northeastern Spain comprising the provinces of Huesca, Zaragoza, and Teruel. […] Read more
India’s Solar Power Tariffs Rising After Hitting Record Lows in 2020: IEEFA Updated On Thu, Jun 24th, 2021 by Saurenergy Solar tariffs are deflationary. Prices have fallen by 75% in seven years in India, and in 2020 solar tariffs hit record lows, writes Vibhuti Garg, Energy Economist and Lead India at Institute for Energy Economics and Financial Analysis (IEEFA). From 2019 to the first quarter of 2020, most of India’s newly-auctioned solar projects saw tariffs […] Read more
Acciona Recycles Nissan’s Car Batteries to Store Solar Energy in Spain Updated On Wed, Jun 23rd, 2021 by Saurenergy Acciona, a multinational renewable energy conglomerate, has connected Spain’s first renewable storage plant using recycled batteries to the grid at the company’s experimental photovoltaic park in Tudela (Navarre). The set of four second-life batteries, with a combined capacity of 130kWh, will store the energy obtained from the 1.2MWp plant to later inject it into the grid […] Read more
Fortum Divests 500 MW Indian Solar Assets To Investor Actis Updated On Wed, Jun 23rd, 2021 by Saurenergy Actis, the global emerging markets investment firm focused on the private equity, energy, infrastructure, and real estate asset classes is acquiring 500 MW assets of Finnish firm Fortum in India. The news was first reported in business daily, Economic Times. Actis has a growing portfolio of investments across Asia, Africa, and Latin America and US$12 […] Read more
JinkoSolar’s Subsidiary to Invest RMB315 million in Polysilicon Production Line Updated On Tue, Jun 22nd, 2021 by Saurenergy Leading solar module manufacturer, JinkoSolar Holding Co., Ltd., yesterday announced its holding subsidiary, Shangrao JinkoSolar Industry Development Co., Ltd. plans to invest RMB 315 million (China’s official currency) equivalent to USD 48.4 million (Rs 360 crores approx) of monetary capital to increase capital and shares in Inner Mongolia Xinte Silicon Materials Co., Ltd. Inner Mongolia […] Read more
Yinson Partners with Verano For 800MW Solar Projects in Latin America Updated On Tue, Jun 22nd, 2021 by Saurenergy Chile-based renewable energy project developer Verano Capital, and Yinson Renewables Pte Ltd, a global solar IPP and part of Yinson Holdings Berhad group, have agreed to collaborate on renewable energy projects in Chile, Colombia and Peru. The collaboration initially targets to build a pipeline of over 800MW of utility-scale solar projects, of which 330MW are […] Read more
