Macquarie Asset Mgmt Makes £275 M Debt Invt in UK Solar Portfolio Updated On Thu, Feb 24th, 2022 by Saurenergy Macquarie Asset Management has announced that it is the sole lender in a £275 million refinancing of a portfolio of solar power plants in the United Kingdom owned by Vantage Solar UK. The 365 MW portfolio is comprised of 24 ground-mounted solar photovoltaic plants located across England and Wales, and aligns with the European Union’s […] Read more
ACEN Powers Up Philippines 1st Hybrid Solar-Storage Plant Updated On Thu, Feb 24th, 2022 by Saurenergy ACEN, the listed energy platform of the Ayala Group, has switched on the first hybrid solar and energy storage project of the Philippines. The pilot 40 MW energy storage project located in Alaminos, Laguna, will allow the company to evaluate opportunities to store energy more effectively across the portfolio of ACEN, with the aim to […] Read more
LG Electronics to Exit Global Solar Panel Business Updated On Wed, Feb 23rd, 2022 by Saurenergy LG Electronics Inc. is exiting the global solar panel business. The decision, approved Feb. 22 by the LG board of directors in South Korea, follows a comprehensive review of the impact of increasing material and logistics costs, as well as severe supply constraints, on the solar business, the company has said in a statement. Although […] Read more
Portable Solar Tracking Towers Developed by IIT Delhi Updated On Tue, Feb 22nd, 2022 by Saurenergy Researchers at Indian Institute of Technology – Delhi (IIT-Delhi) have developed solar photovoltaic tracking towers that are portable. The new towers are of 3 kW and 5 kW capacity that can save time and the owners can operate them mechanically and also non-mechanically. The premier institution says that the new technology is scalable to higher […] Read more
After Rooftop Solar, Australia Leads The World On Per Capita Solar Too Updated On Wed, Feb 16th, 2022 by Saurenergy IEEFA reports that even as protests against renewable energy projects gather momentum before the federal elections, Australia has quietly passed a major solar milestone, notching up 25GW of installed capacity – more PV per capita than anywhere else in the world. That’s a huge achievement for a country that has been pilloried for its massive […] Read more
TotalEnergies to Acquire Commercial & Industrial Solar Business of SunPower Updated On Fri, Feb 11th, 2022 by Saurenergy TotalEnergies has announced that the company has signed a contract with SunPower Corp.’s to purchase latter’s Commercial & Industrial Solutions (CIS) business for $250 million. The amount includes $60 million of earn-out. TotalEnergies is the majority shareholder of SunPower, a leading solar technology and energy services provider. Both the companies have approved the acquisition following a thorough process involving […] Read more
US Tariff Extension on solar products hurts energy goals: China Updated On Mon, Feb 7th, 2022 by Saurenergy The Biden administration in the U.S. has extended Trump-era tariffs on imported solar products for four years but made changes to exempt many more products from the levies, such as the more modern bifacial panels, which are key for Biden’s climate agenda because they are the most efficient and will be increasingly used in large […] Read more
UK’s NextEnergy Capital Raises Record $896 M for Solar Infra Fund Updated On Mon, Jan 31st, 2022 by Saurenergy London-based NextEnergy Capital recently said that it had raised a record $896 million for its NextPower III ESG fund, focused on solar infrastructure investments in OECD countries – its biggest private fund to date. While there may exist larger solar-focused funds with more restrictive geographic focus, the firm assured that its latest was the biggest […] Read more
RenewSys Takes Solar Encapsulant Capacity to 3GW Updated On Tue, Jan 25th, 2022 by Saurenergy Mumbai-based RenewSys India has commissioned a new encapsulant (EVA & POE) line this month, taking the company’s total encapsulant manufacturing output to 3 GW, according to a recent press statement. The addition of yet another GW of encapsulant production capacity has also begun, which will ramp up the total capacity to 4 GW, the statement adds. […] Read more
