SunPower Secures $1 Billion in Solar Plus Storage Financing Updated On Wed, May 6th, 2020 by Saurenergy SunPower has announced that a new USD 1 billion partnership with Tech CU will increase financing options for qualified US residential solar customers. SunPower Corp has announced that a new USD 1 billion partnership with Technology Credit Union (Tech CU) will increase financing options for qualified US residential solar customers. The new partnership will give SunPower access […] Read more
IEX Reports 6.6 Percent Decline in Power Trade in April 2020 Updated On Wed, May 6th, 2020 by Saurenergy IEX has stated that its electricity market saw a trade of 4052 MU in the month of April 2020, witnessing a decline of 6.6 percent YoY. The Indian Energy Exchange (IEX), the country’s premier energy exchange platform has stated that the electricity market at IEX saw a trade of 4052 MU in the month of […] Read more
CREDA Reschedules Pre-Bid Meet for 20MW Rooftop Solar Tender Updated On Tue, May 5th, 2020 by Saurenergy In line with the government’s directive to ensure social distancing norms amid coronavirus crisis, state nodal agency Chhattisgarh State Renewable Energy Development Agency (CREDA) has rescheduled the pre-bid meeting for its 20 MW tender for grid-connected rooftop solar photovoltaic (PV) systems under Resco model. Now, the new date and time for the pre-bid meeting is […] Read more
Ashish Khanna, MD & CEO, Tata Power Solar on Workforce Development Updated On Tue, May 5th, 2020 by Saurenergy A skilled workforce is a crucial element that contributes to a vibrant industry, something that is true for the renewable energy industry in the country too. Lack of skilled manpower has been identified as one of the most prominent challenges for the sector. So workforce development is an essential and ongoing process for any organization […] Read more
Spruce Finance Closes $124 Mn Residential Solar Financing Package Updated On Tue, May 5th, 2020 by Saurenergy Spruce Finance has closed a USD 124 million debt financing deal for its portfolio of residential solar PPAs and leases with Vantage and Sequoia Spruce Finance, one of the largest private owner and operator of distributed generation solar and residential energy assets in the US, has closed a USD 124 million debt financing deal for its portfolio of residential […] Read more
B’desh Unveils $218.7Mn Green Transformation Fund to Offer Easy Financing for Solar Developers Updated On Tue, May 5th, 2020 by Saurenergy With an aim to make financing easily available post-coronavirus, Bangladesh has introduced a USD 218.7 million (EUR 200 million) Green Transformation Fund (GTF) so that soft loans can be provided to solar developers, other environment-friendly products and importers of Eurozone’s energy efficiency components. Moreover, the fund issued is in addition to its existing USD 200 […] Read more
SolRiver Closes on Equity Commitment to Acquire $200 Mn Solar Projects Updated On Tue, May 5th, 2020 by Saurenergy SolRiver Capital has announced that it has closed an equity commitment from Rockland Capital to acquire up to USD 200 million of solar projects. SolRiver Capital, a solar investment fund that owns distributed-generation and utility-scale projects, announced that it has closed an equity commitment from Rockland Capital, an energy-focused infrastructure investment fund, to acquire up to USD 200 million of solar […] Read more
Tender Issued for Rooftop Solar Systems at 34 Health Centres in Nagpur Updated On Tue, May 5th, 2020 by Saurenergy MEDA has tendered for the commissioning of rooftop solar PV power plants under net metering at 34 primary health centres in Nagpur, Maharashtra. The Maharashtra Energy Development Agency (MEDA) has issued a tender for the commissioning of grid-connected rooftop solar PV power plants under net metering at 34 primary health centres in Nagpur, Maharashtra. Each […] Read more
22.75% Drop in Power Consumption in April due to Lockdown Updated On Tue, May 5th, 2020 by Saurenergy Power consumption in April dipped 22.75% to 85.05 BU compared to 110.11 BU in the same month a year ago, mainly due to low demand due to lockdown Power consumption in April dipped 22.75 percent to 85.05 billion units (BU) compared to 110.11 BU in the same month a year ago, mainly due to low demand amid the nationwide […] Read more
