Ayala Backed Sitara Solar Achieves Financial Closure for 100 MW Rajasthan Project Updated On Mon, Mar 15th, 2021 by Saurenergy Sitara Solar, backed by the Philippines based Ayala Solar subsidiary AC Energy and UPC Renewables China Holding, has announced financial closure for its 100 MW project in Rajasthan. The firm had won the project in SECI’s 750 MW solar auction just over a year back, by bidding at a price of Rs 2.48/KwH. The project […] Read more
Happy Times for Borosil Renewables As Duty on Solar Glass Imports Notified Updated On Mon, Mar 15th, 2021 by Saurenergy India’s Ministry of Finance has formally notified the levy of a countervailing duty (CVD) on the cost, insurance, and freight (CIF) value on the imports of textured and tempered (whether coated or uncoated) glass from Malaysia. the move follows a recommendation from the country’s DGTR (Directorate General of Trade Remedies) in December last year, when […] Read more
BCD Decision Sparks Predictable Reactions, Costs To Go Up By 50 p/unit Updated On Fri, Mar 12th, 2021 by Saurenergy Three days after the formal confirmation of government plans to impose an enhanced Basic Customs Duty (BCD) of 25 per cent and 40 per cent on imported solar cells and modules, respectively, the reactions have started coming in thick and fast. Dedicated developers, both those on record and off the record, have expressed their views […] Read more
Renewables Can Lower Energy Costs and Boost Energy Security in Antigua and Barbuda Updated On Thu, Mar 11th, 2021 by Saurenergy IRENA report shows renewable generation, green hydrogen and EVs are the most cost-effective energy strategy for the Caribbean island Antigua and Barbuda can significantly reduce its dependence on imported fossil fuels while driving down electricity costs for citizens, by meeting its energy needs exclusively through indigenous renewable energy resources, green hydrogen and full electric vehicle […] Read more
SSN-COE Team Gets Rs 12 Cr Grant from DST for Solar Ingot Manufacturing Tech Updated On Wed, Mar 10th, 2021 by Saurenergy Researchers at SSN-COE have been awarded a Rs 12 crore grant from the DST, for tech they believe can catalyse India’s solar ingot and wafer manufacturing abilities SSN College of Engineering (SSN-COE), Chennai has announced that a team of its researchers led by Professor P. Ramasamy, Dean (Research) have been awarded a grant of Rs […] Read more
Nexamp Secures $440 Million in Debt Financing for Solar and Energy Storage Portfolio Updated On Tue, Mar 9th, 2021 by Saurenergy Largest financing deal ever for community solar assets, a model that provides equitable access to clean energy Nexamp, Inc., a leading renewable energy generator and community solar provider, has closed a $440 million senior secured credit facility for a 380-megawatt portfolio of solar and energy storage assets, the largest debt financing of its kind. The diverse portfolio […] Read more
Rosatom’s Storage Division Takes 49% Stake in Korean Energy Storage Firm Updated On Mon, Mar 8th, 2021 by Saurenergy RENERA LLC a part of Rosatom State Corporation, has concluded the deal to acquire a 49 percent share of Enertech International Inc, a South Korean manufacturer of electrodes, lithium-ion storage cells, and energy storage systems. RENERA manufactures energy storage systems based on lithium-ion batteries for special equipment, telecommunications systems, uninterruptible power supplies, energy storage systems, […] Read more
AfDB Approves $27 Mn Loan to Establish 200 MW Solar Plant in Egypt Updated On Mon, Mar 8th, 2021 by Saurenergy The African Development Bank’s Board of Directors today approved $27.2 million in loan financing for the design, construction and operation of a 200 MW photovoltaic solar power plant at Kom Ombo, in Upper Egypt on the river Nile. The project is expected to lower electricity costs for businesses and residences, as well as reducing greenhouse […] Read more
US DOE Announces $115 Mn to Small Businesses for Clean Energy R&D Projects Updated On Mon, Mar 8th, 2021 by Saurenergy In support of the Biden-Harris Administration’s commitment to build the American economy back better, the US Department of Energy (DOE) has announced USD 115 million for small businesses pursuing clean energy research and development (R&D) projects. The projects range from grid modernisation and carbon removal to renewable energy and energy storage. “Through this program, DOE […] Read more
