Canadian Solar Third Quarter Results- Net Loss at $14 Million Updated On Fri, Dec 6th, 2024 by Saurenergy Leading Solar and storage firm Canadian Solar has released its third quarter results. Total module shipments recognized as revenues in the third quarter of 2024 were 8.4 GW, up 2% quarter-over-quarter (“qoq”) and 1% year-over-year (“yoy”). Of the total, 31 MW were shipped to the Company’s own utility-scale solar power projects. Net revenues in the […] Read more
Italy Awards 1.4GW OF AgriPV Projects Updated On Fri, Dec 6th, 2024 by Saurenergy Over six months after a ban on solar on Agricultural land, Italy’s energy management agency Gestore dei Servizi Energetici (GSE) has awarded 1.5GW of agrivoltaics (agriPV) in the first such tender. The agency awarded 540 projects after receiving 643 bids. Italy had announced a national recovery and resilience plan (PNRR) in January this year that […] Read more
Bihar Awards Solar Streetlight Contract To Bondada Engineering Updated On Thu, Dec 5th, 2024 by Saurenergy The Bihar Renewable Energy Development Agency (BREDA) recently granted Rs. 1,08,90,02,500 of work orders to Bondada Engineering. The award was given to the company to install solar streetlights in the state to bolster the growth of the use of solar lights in rural areas. The project was also envisaged to reduce the dependency of streetlighting […] Read more
Alpex Solar Aims At Higher Backward Integration Updated On Thu, Dec 5th, 2024 by Saurenergy Public-listed company Alpex Solar is set to strengthen its backward integration strategy. The solar module manufacturer, which began its journey 18 years ago, is now preparing for significant expansion. Currently boasting a solar module manufacturing capacity of 900 MW, Alpex plans to diversify into solar cell manufacturing, aluminum frame production and expand as an Independent […] Read more
Rajasthan Issues New Policy To Offer Incentives For RE Projects Updated On Thu, Dec 5th, 2024 by Saurenergy To use the untapped renewable energy potential in Rajasthan, the state government released an Integrated Clean Energy Policy. It targets the establishment of 125 GW of renewable power projects by 2029-30. To fulfill its mission, the plans to add 90 GW of solar, 25 GW MW of Wind & Hybrid, and 10 GW of Hydro, […] Read more
US Adds 9.3 GW Of New Solar Module Manufacturing Capacity In Q3: Report Updated On Thu, Dec 5th, 2024 by Saurenergy The latest report from the US Solar Market Insight said that the United States (US) added 9.3 gigawatts (GW) of new solar module manufacturing capacity in Q3 of 2024. According to the US Solar Market Insight, Q4 2024 report released today by the Solar Energy Industries Association (SEIA) and Wood Mackenzie, five new or expanded factories […] Read more
SECI Seeks Proposal To Finance 300 MW Solar Project In Andhra Updated On Thu, Dec 5th, 2024 by Saurenergy The Solar Energy Corporation of India (SECI) has now sought proposals from banks and financial institutions. The government entity plans to use this financing to fund its upcoming 300 MW solar project at Ramagiri in Andhra Pradesh. The Central Public Sector Enterprise (CPSE) has planned to procure a Rs 1000 crore term loan for this. […] Read more
5 Reasons Why Lower Renewable Energy Prices Are Unlikely To Lead to Lower Electricity Bills Updated On Thu, Dec 5th, 2024 by Saurenergy For the lay reader, it has been a mystery how despite headline news of renewable bids being awarded at figures like Rs 2.50/kW to Rs 3.00, their final power bill seems to be on an inexorable climb upwards. This is despite the fact the RE power itself was priced at a huge premium as recently […] Read more
Mufin Green Finance Targets ₹500 Crore To Fund Solar Projects Updated On Wed, Dec 4th, 2024 by Saurenergy Mufin Green Finance, a climate finance solutions provider announced its entry into the solar financing sector. The firm said that it recently undertook the successful closure of its first solar financing transaction. The transaction amounted to ₹3.25 crore. This move marks the company’s expansion beyond electric vehicle (EV) financing. With the rise of need and […] Read more
